Wood Foundation Inc

Organization Overview

Wood Foundation Inc is located in South Bend, IN. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Wood Foundation Inc 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 12/2021, Wood Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.3% each year . All expenses for the organization totaled $758.6k during the year ending 12/2021. While expenses have increased by 27.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Wood Foundation Inc has awarded 83 individual grants totaling $2,225,146. 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.

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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Vice President & Secretary
$6,000

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $291,000
Interest on Savings $0
Dividends & Interest $464,207
Net Rental Income$0
Net Gain on Sale of Assets $1,105,829
Capital Gain Net Income $1,105,829
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $5,293
Total Revenue $1,866,329

Grants Awarded

Over the last fiscal year, Wood Foundation Inc has awarded $555,252 in support to 15 organizations.

Grant RecipientAmount

SPECTRUM HEALTH LAKELAND

PURPOSE: BARIATRIC/ORTHOPEDIC/ HEART & VASCULAR

$100,000

CITY OF NILES

PURPOSE: AIR PAK'S & CYLINDERS

$50,000

NILES DOWNTOWN DEVELOPMENT AUTHORITY

PURPOSE: BUILDING IMPROVEMENT FUND

$50,000

LAKE MICHIGAN COLLEGE

PURPOSE: RENOVATION OF HEALTH LAB

$50,000

NILES FIRE DEPARTMENT

PURPOSE: SCOTT AIR PAKS

$48,000

NILES COMMUNITY SCHOOLS

PURPOSE: ALLIED HEALTH EXPANSION

$40,000
View Grant Profile

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