Woodforest Charitable Foundation

Organization Overview

Woodforest Charitable Foundation is located in The Woodlands, TX. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodforest Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Woodforest Charitable Foundation generated $10.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $9.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Woodforest Charitable Foundation has awarded 1,624 individual grants totaling $30,736,142. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2023

Describe the Organization's Program Activity:

N/A


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Board, Officers & Key Employees

Name (title)Compensation
Robert Marling Jr
President
$0
Kim Marling
Executive Vice President
$0
Vicki Richmond
Secretary
$0
Charles Marling
Treasurer
$0
George Sowers
Director
$0
Taylor Dio
Advisory Director
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $8,465,395
Interest on Savings $265,223
Dividends & Interest $1,167,069
Net Rental Income$0
Net Gain on Sale of Assets $528,934
Capital Gain Net Income $528,934
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income -$21,923
Total Revenue $10,404,698

Grants Awarded

Over the last fiscal year, Woodforest Charitable Foundation has awarded $12,331,919 in support to 220 organizations.

Grant RecipientAmount

AKRON CANTON FOOD BANK

PURPOSE: SUPPORT OF GENERAL PROGRAMS

$6,450

ACTS - ACTION IN COMMUNITY THROUGH SERVICE

PURPOSE: SUPPORT OF GENERAL PROGRAMS

$2,430

ABUNDANE HARVEST KITCHEN

PURPOSE: SUPPORT OF GENERAL PROGRAMS

$7,500

ANGEL FLIGHT

PURPOSE: SUPPORT OF GENERAL PROGRAMS

$10,000

ANGEL REACH

PURPOSE: SUPPORT OF GENERAL PROGRAMS

$15,000

ATLANTA COMMUNITY FOOD BANK

PURPOSE: SUPPORT OF GENERAL PROGRAMS

$9,000
View Grant Profile

Peer Organizations

Organization NameAssets
Stanley E Fulton Family Foundation
Dallas, TX
$10,824,084
Union General Hospital
Farmerville, LA
$21,653,224
Karakin Foundation
Abilene, TX
$29,695,673
Centerpoint Energy Foundation Inc
Houston, TX
$5,340,538
Fore Kids Foundation Inc
Avondale, LA
$17,405,479
Addy Foundation
Dallas, TX
$6,993,780
Houston In Action
Houston, TX
$12,126,026
Willard And Pat Walker Charitable Foundation Inc
Fayetteville, AR
$11,017,809
Eula Mae And John Baugh Foundation
San Antonio, TX
$16,294,741
Impetus Foundation
San Antonio, TX
$7,635,616
Marshall Legacy Foundation
Metairie, LA
$15,687,056
Joseph W Craft Iii Foundation
Tulsa, OK
$22,976,192
Coulter Family Foundation
Fort Worth, TX
$11,091,311
Murphy Usa Charitable Foundation Inc
El Dorado, AR
$2,339,924
Eugene V And Clare Thaw Charitable Trust
Santa Fe, NM
$1,056,985
Greehey Family Foundation
San Antonio, TX
$8,931,125
H E B Tournament Of Champions Charitable Tr
San Antonio, TX
$14,628,513
The@sarah And Ross Perot Jr Foundation
Dallas, TX
$14,495,289
Greater Houston Community Foundation
Houston, TX
$846,038
Gene And Jerry Jones Family-Dallas Cowboys Charities
Frisco, TX
$9,951,553
Woodforest Charitable Foundation
The Woodlands, TX
$10,404,698
Klesse Foundation
San Antonio, TX
$9,559,210
80-20 Fund
San Antonio, TX
-$798,205
Srb Charitable Corporation
Fort Worth, TX
$2,495,258
The Helmerich Trust
Tulsa, OK
$509,655

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