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.
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Financials
+2.6% from previous year
4 grants awarded in 2024
Of total revenue spent on programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $550,000 | EPISCOPAL HIGH SCHOOL | Scholarship | Bellaire, TX, US | 2024 |
| $500,000 | EPISCOPAL HIGH SCHOOL | Scholarship | Bellaire, TX, US | 2023 |
| $250,000 | FAITH ACADEMY BELLVILLE | OPERATIONS AND EXPANSION PLAN | Bellville, TX, US | 2024 |
| $225,000 | Dallas Theological Seminary | Scholarship | Dallas, TX, US | 2023 |
| $200,000 | American Leadership Forum | Scholarship | Houston, TX, US | 2023 |
| $50,000 | American Leadership Forum | Scholarship | Houston, TX, US | 2024 |
| $25,000 | CROSSWALK CENTER | OPERATIONS AND EXPANSION PLAN | Houston, TX, US | 2024 |
People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
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 |
CATHERINE UNDERWOOD MURRAY
PRESIDENT
LYNDA K UNDERWOOD
VP/SECR/DIR
M PATRIC MASCORRO
ASST SECR/TREAS
DAVID M UNDERWOOD JR
DIRECTOR
DUNCAN K UNDERWOOD
DIRECTOR
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025