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THE UNDERWOOD FOUNDATION

Houston, TX Tax ID: 76-0528032

The Underwood Foundation, based in Houston, Texas, focuses on health initiatives, with assets of $16.7 million, and is led by an uncompensated team including Catherine Underwood Murray and Lynda K Underwood.

About THE UNDERWOOD FOUNDATION

Comprehensive foundation profile based on the most recent IRS Form 990 filing

The Underwood Foundation is a philanthropic organization based in Houston, Texas, with assets totaling $16,754,572. The foundation primarily focuses on health-related initiatives and has funded projects in various Texas cities, including Bellville, Bellaire, Dallas, and Houston. Despite having expenses of $936,534 and revenue of $615,959, the foundation continues to support its mission. The leadership team includes Catherine Underwood Murray as President, Lynda K Underwood as Vice President, Secretary, and Director, M Patric Mascorro as Assistant Secretary and Treasurer, and David M Underwood Jr and Duncan K Underwood as Directors. Notably, none of the leadership team members receive compensation for their roles.

Focus Areas

Health

Geographic Focus

TX

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Key Statistics
Total Assets $16.8M
Total Awarded This Year $875K
Average Grant Size $954
Total Grants (Previous Year) 659
Open to New Applicants
% New Applicants Funded
Contact Information
Houston, TX
Geographic Funding Distribution

Financials

Total Assets
$16.8M

+2.6% from previous year

Annual Grants
$875K

4 grants awarded in 2024

Expense Ratio
152.0%

Of total revenue spent on programs

Annual Grant Distribution
Revenue vs Expenses
Assets Over Time

Grants

Grant Awards
PurposeLocation
$550,000EPISCOPAL HIGH SCHOOLScholarshipBellaire, TX, US2024
$500,000EPISCOPAL HIGH SCHOOLScholarshipBellaire, TX, US2023
$250,000FAITH ACADEMY BELLVILLEOPERATIONS AND EXPANSION PLANBellville, TX, US2024
$225,000Dallas Theological SeminaryScholarshipDallas, TX, US2023
$200,000American Leadership ForumScholarshipHouston, TX, US2023
$50,000American Leadership ForumScholarshipHouston, TX, US2024
$25,000CROSSWALK CENTEROPERATIONS AND EXPANSION PLANHouston, TX, US2024

People

Leadership & Staff

Compensation data from most recent available 990 forms

CU

CATHERINE UNDERWOOD MURRAY

PRESIDENT

$0 2024
LK

LYNDA K UNDERWOOD

VP/SECR/DIR

$0 2024
MP

M PATRIC MASCORRO

ASST SECR/TREAS

$0 2024
DM

DAVID M UNDERWOOD JR

DIRECTOR

$0 2024
DK

DUNCAN K UNDERWOOD

DIRECTOR

$0 2024
Showing 5 of 5 leadership and staff members

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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer

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Last updated on August 25, 2025

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