Hillcrest Foundation

OVERVIEW: This funder supports education, health, and human services in the Dallas area and throughout North Texas. Grant requests are reviewed three times annually.

FUNDING AREAS: Education, health, human services

IP TAKE:  Come to this funder for your capital support request. It loves to fund construction and equipment costs in the Dallas area.

PROFILE: The Hillcrest Foundation was established in 1958 by Mrs. W.W. Caruth Sr. to support charitable causes in Texas. She was part of a pioneer family that settled in the Dallas area in the mid-1800s. The family bought and developed several farms and ranches here. As Dallas grew into a major metropolitan area, they developed these into successful real estate properties.

Caruth was interested in advancing education, promoting health, and relieving poverty. Today, priority consideration is given to grant requests involving construction and improvements of buildings, as well as education, health, and poverty relief. Priority is also given to capital campaigns and facilities and equipment upgrades. Requests for general operating support are not considered. Hillcrest likes to see grant requests to meet challenge or matching funds as much as possible.

A majority of grants stay within Dallas County and are one year in duration. At least 90 percent of grant funds go to groups in North Texas, especially in the Dallas area. They range from $10,000 to as much as $300,000 for the occasional multiyear grant. The average Hillcrest Foundation grant is about $35,000. At the end of a recent year, the foundation reported over $133 million in total assets.

The Hillcrest Foundation regularly awards grants to relieve poverty, advance education, promote health, support higher education, and support health and hospitals. It also gives to various social services causes, such as programs for youth and children, drug abuse, rehabilitation, and housing. A few years ago, the foundation awarded a $500,000 grant to build a residence hall at Paul Quinn College. More recently, the funder awarded $25,000 to Ability Connection Texas for equipment replacement, $50,000 to the Admiral Nimitz Foundation for a capital campaign and renovations, and $30,000 to Advocates for Community Transformation for a legal advocacy program.

This foundation is managed by Bank of America and does not have full-time staff. It has three annual deadlines for grants: February 28, July 31, and November 30. The best way to get in touch about applying is to email the Bank of America/US Trust Texas office at tx.philanthropic@ustrust.com. Address your email to Debra Goldstein Phares, the philanthropic client director, and list the foundation name in your subject line.

After receiving a Hillcrest Foundation grant, you must wait two years before submitting another application for funding. If you receive a multiyear grant, you need to wait two years after the close of the grant cycle before reapplying. Decline requests require you to wait one year before reapplying.

Foundation contact information is 877-898-7323 or 214-209-1965 and P.O. Box 830241, Dallas, Texas 75283.

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