|
USAA Foundation Inc.
| |
| Funder type: |
Corporate Foundation |
| Address: |
USAA Building
9800 Fredericksburg Road
D-3-E
San Antonio, TX 78288-3500 |
| Telephone: |
210-498-1225 |
| General Telephone: |
210-498-1225 |
| Business #: |
210-498-2211 |
| Contact: |
Steven Alan
Bennett, Executive Vice President
|
| Contact: |
Barbara
B. Gentry, Vice Chair and President
|
| EIN: |
746423382 |
| Geographic focus: |
20-29 States, AZ, CA, CO, CT, FL, GA, IL, IN, LA, MA, MD, MI, NJ, NV, NY, RI, TX, VA, WA, Washington, D.C. Metro Area |
| Types of support: |
Annual Campaigns, Building/renovation, Capital Campaigns, Consulting Services, Continuing Support, Curriculum Development, Emergency Funds, Equipment, General/Operating Support, Research |
| Deadlines: |
None
|
| Geographic Interests: |
Nearly 75% of the funding was awarded in TX. |
| Related corporation? |
YES |
| Corporation: |
United Services Automobile Association |
| Corp Url: |
http://www.usaa.com
|
| Corp products: |
Sells automobile, property, and life insurance; provides investment advisory services; operates savings bank; provides direct mail advertising services; operates travel agency.
|
| Total assets: |
$122,050,770
as of
2002 |
|
Average grant range:
|
$ 10,000 to $ 100,000 |
| Grant low: |
$ 20 |
| Grant high: |
$ 1,000,000 |
| Trustees / directors: |
Josue Robles, Jr., Chairperson
Barbara B. Gentry, Vice-Chairperson and President
Steven Alan Bennett, Executive Vice President
Kenneth W. Smith, Sr. Vice President
Kristi A. Matus
Stuart Parker
Patrick A. Wageman
Wendi E. Strong
|
| Business notes: |
United Services Automobile Association is a mutual insurance company serves more than 5 million customers, primarily military personnel and their families. Its products and services include property & casualty (sold only to military personnel) and life insurance, banking, discount brokerage, and investment management. USAA relies largely on technology and direct marketing to sell its products, reaching clients via the telephone and Internet. The company also has a large mail-order catalog business (computers, furniture, jewelry, and home and auto safety items), and it offers long-distance telephone service, travel services, and Internet access to its members. |
| Takeaway Notes: |
~ Insurance Industry |
Overview: The foundation is owned by the USAA Inc, a financial services company (insurance, banking, investing) for US military members and their families.
About one-third of funding goes to federated giving programs, especially local United Way affiliates. Health, housing and human services agencies receive another third. Education organizations, especially scholarships for military families, arts organizations, and military/veterans groups get most of the remaining amount.
The company's home state Texas and its other major hub Arizona receive nearly 80% of funding. The rest is awarded in states which have a large military presence.
FISCAL NOTE: The corporation has been working with several different giving instruments during the last ten years. The USAA Foundation Inc. became the successor to the USAA Foundation in 2005, resulting in a much greater endowment.
The corporation also maintains a corporate giving program and an educational foundation which primarily operates as a public education tool for its members and customer.
- Arts:
- Children and Youth, Services:
- Education:
- Education, Higher Education:
- Health Care, Hospitals and Clinics:
- Health Organizations:
- Human Services:
- Philanthropy & Voluntarism, Federated Giving:
- YM/YWCAs & YM/YWHAs:
Sample Grants
$ 2,000 to
$ 1,300 to
Adoptions Together , Baltimore , MD
$ 1,000 to
Alexandria Symphony Orchestra , Alexandria , VA
$ 1,500 to
American Heart Association of Washington, DC , Washington , DC
$ 2,500 to
Center for Fathers and Families , Sacramento , CA
$ 3,300 to
Central Union Mission , Boston , MA
$ 500 to
Covenant House of DC , Washington , DC
$ 500 to
DC Central Kitchen , Washington , DC
$ 3,500 to
Fairfax County Public Schools , Fairfax , VA
$ 20,000 to
Guadalupe Center , Kansas City , MO
$ 5,000 to
Hospices of the National Capital Region , Fairfax , VA
$ 5,000 to
ICARE , Coeur d'Alene , ID
$ 1,500 to
N Street Village , Washington , DC
$ 4,500 to
Neighborhood Housing Services of Baltimore , Baltimore , MD
$ 1,000 to
Tampa Bay Performing Arts Center , FL
$ 500 to
Texas Water Foundation , Austin , TX
$ 2,000 to
YMCA of the USA, Armed Services - Washington Office , Springfield , VA
Application Procedures:: Application form not required.
Initial approach: Proposal
Grants Paid
2002
($10,154,086 )
|
2005
($651,100 )
|
2006
($8,247,067 )
|
2007
($9,987,918 )
|
2008
($7,796,736 )
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= small size
= severe geographic limitation
= narrow focus