The foundation functions as a designated local organizing funding vehicle that exists to underwrite and reimburse the local financial commitments required for Formula 1 and other large qualifying events in Austin. Nearly all of its resources flow to a single recipient to satisfy Texas Event Trust Fund obligations and support major-event operations and local incremental costs. Its activity is transactional and event-specific rather than broadly philanthropic.
$54.1M
$1.6M
$54.1M
$54.1M
Most grants fall between $37.7M and $54.5M, with a median of $46.1M.
25th Percentile
$37.7M
Median
$46.1M
75th Percentile
$54.5M
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Extremely concentrated: very few grants (three) all to the same local event operator, large single-recipient disbursements tied to statutory reimbursement/qualification requirements rather than discretionary program grants.
Notable grantees: Circuit of the Americas
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| CIRCUIT OF THE AMERICAS | AUSTIN, TX | $54,140,595 | 2025 | A SOURCE OF LOCAL INCREMENT REQUIRED UNDER TEXAS EVENT TRUST FUND FOR QUALIFICATION AND REIMBURSEMENTS FOR THE FORMULA 1 UNITED STATES GRAND PRIX AND OTHER QUALIFYING EVENTS. |
| CIRCUIT OF THE AMERICAS | AUSTIN, TX | $62,844,055 | 2024 | A SOURCE OF LOCAL INCREMENT REQUIRED UNDER TEXAS EVENT TRUST FUND FOR QUALIFICATION AND REIMBURSEMENTS FOR THE FORMULA 1 UNITED STATES GRAND PRIX AND OTHER QUALIFYING EVENTS. |
| CIRCUIT OF THE AMERICAS | AUSTIN, TX | $29,361,269 | 2023 | A SOURCE OF LOCAL INCREMENT REQUIRED UNDER TEXAS EVENT TRUST FUND FOR QUALIFICATION AND REIMBURSEMENTS FOR THE FORMULA 1 UNITED STATES GRAND PRIX AND OTHER QUALIFYING EVENTS. |
CIRCUIT OF THE AMERICAS
$54,140,595A SOURCE OF LOCAL INCREMENT REQUIRED UNDER TEXAS EVENT TRUST FUND FOR QUALIFICATION AND REIMBURSEMENTS FOR THE FORMULA 1 UNITED STATES GRAND PRIX AND OTHER QUALIFYING EVENTS.
CIRCUIT OF THE AMERICAS
$62,844,055A SOURCE OF LOCAL INCREMENT REQUIRED UNDER TEXAS EVENT TRUST FUND FOR QUALIFICATION AND REIMBURSEMENTS FOR THE FORMULA 1 UNITED STATES GRAND PRIX AND OTHER QUALIFYING EVENTS.
CIRCUIT OF THE AMERICAS
$29,361,269A SOURCE OF LOCAL INCREMENT REQUIRED UNDER TEXAS EVENT TRUST FUND FOR QUALIFICATION AND REIMBURSEMENTS FOR THE FORMULA 1 UNITED STATES GRAND PRIX AND OTHER QUALIFYING EVENTS.