Hillcrest Foundation

Private foundation · EIN 75-6007565 · since 1960bofa.foundationsource.com/myfs/givinghub/39125/Hillcrest·Dallas, Dallas County, Texas·Updated 13 October 2026

At a glance

$8M

Annual giving, 2024 tax year

From the Form 990-PF filing

$20,000 to $250k

Grant range

From grants in the 990-PF filings

$55,000

Typical grant (median)

84 grants in the latest filing

Open to applications

Fixed application deadlines · unsolicited applications welcome

Key takeaways

Hillcrest Foundation supports Texas charities working in education, health or poverty relief, with priority given to Dallas County, North Texas and the Dallas area, so organisations outside Texas should not apply.
It only considers capital-project requests such as construction, equipment, renovation and vehicles, so those seeking general operating support should look elsewhere.
Typical grants to organisations run from $20,000 to $250,000, with a median of $50,000, so a request in that range is realistic, though grants up to $500,000 have been made.
The foundation favours established organisations with financial strength and stability, and for larger capital campaigns applicants should already have obtained initial commitments or shown early support for the project.
Applications are made online against three fixed annual deadlines - 28 February, 31 July and 30 November - and with 23% of grant dollars going to organisations it had funded before, there seems to be scope for both new and returning applicants.

Overview

Hillcrest Foundation is a US private foundation administered by its trustee, Bank of America, in Dallas, TX.

What they fund

Profile derived from the foundation's IRS Form 990-PF filings (TY2024, TY2023, TY2022) and its website, with every statement checked against those sources. Sources read on 7 October 2026.

Priority Areas

Hillcrest Foundation provides financial support to qualified Texas charitable organisations for the advancement of education, the promotion of health and the relief of poverty. Most grants are made to charitable organisations located in Dallas County and the surrounding area; nearly all grant funds are awarded to organisations in North Texas, primarily in the Dallas area. The foundation considers only capital-project requests, including construction, equipment, renovation and vehicles. Its trustees favourably consider proposals from established organisations with financial strength and stability. For larger capital campaigns, applicants should have obtained initial commitments or demonstrated early support for the project.

Themes

Education
Health
Poverty relief

Geographic Focus

Texas. Priority: Dallas County; North Texas; Dallas area.

How to apply

Organisations apply online. Applicants must be located in Texas and requests must further education, health or poverty relief; only capital-project requests are considered. Applications should give the organisation's history and general purpose and include a copy of its IRS exemption.

Deadlines: Applications have annual deadlines on February 28, July 31 and November 30.

Application success factors

Repeat giving: In its TY2024 filing, 23% of its grant dollars to organisations went to organisations it had also funded in its TY2022 or TY2023 filing.
Grant size: Across its TY2022, TY2023 and TY2024 filings, half of its 244 grants to organisations were $50,000 or less.

What the foundation says:

The trustees favourably consider proposals from established organisations with financial strength and stability.
For a larger capital campaign, applicants should have obtained initial commitments or demonstrated early support for the project.

Where grants go

From grants to organisations in the foundation’s filings for tax years 2022–2024.

Grant dollars by state

Texas100%

Kansas<1%

The largest single recipient received 5% of grant dollars to organisations.
In tax year 2024, 23% of grant dollars went to organisations Hillcrest Foundation had funded in earlier filings.
No grants were paid directly to organisations outside the US.
<1% of grant dollars went to intermediaries that regrant to other organisations.

Grants

84 grants in the latest filing analysed · median $55,000

How much do they typically give?

Share of 84 grants in tax year 2024 by size

$10k–$25k8%

$25k–$50k17%

$50k–$100k43%

$100k–$250k24%

$250k–$500k5%

$500k–$1M4%

Median $55,000 (tax year 2024)

The largest grants to organisations in the foundation’s latest filing:

Parkland Foundation · Richland health center at dallas college: expanding healthcare access in dallas county
$500,0002024 tax year
Children's Medical Center Foundation · New dallas pediatric hospital campus
$500,0002024 tax year
Dallas Methodist Hospitals Foundation · Women's and children's services: schenkel tower 3rd floor transformation, labor and delivery unit at methodist dallas medical center
$500,0002024 tax year
Dallas Baptist University · Collins learning center renovations
$400,0002024 tax year
Cityscape Schools · Security enhancement for cityscape schools
$250,0002024 tax year
Saint Philip's School & Community Center · Moody performing & fine arts pavilion
$250,0002024 tax year
North Texas Food Bank · Humanitarian grant - to be distributed to qualifying organizations
$250,0002024 tax year
Girl Scouts of Northeast Texas · Southern sector dreamlab for girl scouts
$200,0002024 tax year

Grants to organisations listed in the foundation’s Form 990-PF filings. Grants to individuals are not shown.

Officers and directors

Sandra Estess — Co-Trustee
D Harold Byrd III — Co-Trustee
WW Caruth III — Co-Trustee
Alan J Perkins — Co-Trustee
Timothy R Vaughan — Co-Trustee

From the latest Form 990-PF filing

3 years of tax filings

Year	Total expenses	Grants paid	Assets	Filing document
2022 tax year	$9,830,452	$8,233,500	$158,586,938	Filing for 2022 tax year
2023 tax year	$8,906,307	$7,223,000	$175,752,532	Filing for 2023 tax year
2024 tax year	$9,829,886	$7,985,537	$180,731,696	Filing for 2024 tax year

Figures from the foundation’s IRS Form 990-PF filings. Assets are at fair market value at year end. The document icon links to each year’s filing on ProPublica Nonprofit Explorer.