Wool Family Foundation

Organization Overview

Wool Family Foundation is located in Salida, CO. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Wool Family 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 12/2021, Wool Family Foundation generated $121.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $128.2k during the year ending 12/2021. While expenses have increased by 9.9% 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 2015, Wool Family Foundation has awarded 284 individual grants totaling $386,576. 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 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE DONATIONS OF CASH TO ORGANIZATIONS PROVIDING RELIGIOUS, EDUCATIONAL OR CHARITABLE SERVICES - SUPPORTED APPROXIMATELY 70 ORGANIZATIONS DURING THE YEAR. SEE ATTACHED LIST.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $165
Dividends & Interest $39,893
Net Rental Income$0
Net Gain on Sale of Assets $80,565
Capital Gain Net Income $80,565
Net ST Capital Gain $26,639
Income Modifications $0
Profit on Inventory Sales $0
Other Income $1,284
Total Revenue $121,907

Grants Awarded

Over the last fiscal year, Wool Family Foundation has awarded $172,340 in support to 124 organizations.

Grant RecipientAmount

CHAFFEE COUNTY COMMUNITY FOUNDATION

PURPOSE: BENEVOLENT

$10,250

CHAFFEE COUNTY COMMUNITY FOUNDATION

PURPOSE: BENEVOLENT

$10,250

DARMOUTH COLLEGE FUND

PURPOSE: EDUCATIONAL

$9,000

DARMOUTH COLLEGE FUND

PURPOSE: EDUCATIONAL

$9,000

UNIVERSITY OF ALABAMA BIRMINGHAM

PURPOSE: EDUCATIONAL

$6,500

UNIVERSITY OF ALABAMA BIRMINGHAM

PURPOSE: EDUCATIONAL

$6,500
View Grant Profile

Peer Organizations

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