Carol Wolfe Foundation

Foundation · Grantmaker Snyder, TX EIN: 85-0546864

Carol Wolfe Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Snyder, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $11.2M in total assets. In 2024, it awarded 11 grants totaling $334K. Net investment income was $420K.

Key facts about Carol Wolfe Foundation

EIN: 85-0546864
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $334,300
Grants made (2024): 11
Average grant: $30,391
Median grant: $25,000
New grantees (estimate): 73% first-time grantees (8 of 11, 2024)
Total assets: $11,179,157
Primary geography: Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Carol Wolfe Foundation funds

By grant dollars, the top recipient states for Carol Wolfe Foundation's 11 itemized 2024 grants were Texas (100%). The most frequent recipient cities were Snyder, TX (7 grants). 9% of grants with a stated purpose were for general or operating support.

Is Carol Wolfe Foundation open to new grantees?

73%

first-time grantees, 2024

In 2024, 8 of 11 grantees (73%) were first-time recipients. First grants averaged $29K; repeat grants $35K. How we count

Medians: $15K first-time, $30K repeat.

18% of 2024 grantees were also funded in 2023. Method
In 2024 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2022–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$11.2M

+0.8% YoY

Annual Giving

$334K

+27.1% YoY

Grant Count

+57.1% YoY

Avg Grant Size

$30K

-19.1% YoY

Under IRS private-foundation payout rules, Carol Wolfe Foundation reported a distributable amount of $570K for 2024 — the minimum it must pay out in qualifying distributions.

About Carol Wolfe Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $334K (100%)

Share of all 11 itemized 2024 grant dollars.

States

Illinois Texas

Cities

SnyderMidlandOak BrookJaytonLubbockClydePlanoSlatonSweetwater

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$11,179,157	$11,090,480	$6,546,142
Revenue	$762,361	$5,109,148	$6,807,526
Expenses	$661,057	$562,324	$258,071
Qualifying Distributions	$501,495	$440,675	$210,588
Net Investment Income	$420,465	$252,346	$144,034
Distributable Amount	$569,623	$355,949	$345,442

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2021–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

25 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Ritz Community Theater ($122,000), DM Cogdell Memorial Hospital Founda ($50,000), Snyder Christian School Inc ($35,000).

Recipient	Purpose	Amount
Ritz Community Theater Snyder, TX	Marquis sign	$122,000
DM Cogdell Memorial Hospital Founda Snyder, TX	The funds donated went directly to Behavioral Health and Counseling Services for Cogdell Memorial Hospital Behavioral Health department. The funds contributed to serving over 378 clients and assisted with providing a therapeutic room for staff members.	$50,000
Snyder Christian School Inc Snyder, TX	Supplies, rent, utilities	$35,000
Snyder Community Resource Center Snyder, TX	Blessings in a bag lunches	$35,000
Sparrow's Nest Jayton, TX	The Sparrow's Nest Maternity Home utilized the funds to improve and operate a home for assisting young mothers with the support and enviroment needed for successful outcomes with difficult circumstances.	$30,000
Second Chance Dog Rescue Snyder, TX	Assist financially with spaying, neutering, food and supplies.	$25,000
Pioneer City County Museum Sweetwater, TX	Grant for research room	$21,800
Snyder Volunteer Fire Department Snyder, TX	Equipment and supplies	$8,500
Westview Baptist Church Slaton, TX	Panhandle fire relief	$5,000
GG Ministries lubbock, TX	Table for October 5, 2024 Fundraiser	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Mark Strickland	President	1	—
Bill Lane	Vice President	1	—
Jennifer Calley	Secretary	1	—
Angela Strickland	Director	30	$75,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Carol Wolfe Foundation?

Carol Wolfe Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Snyder, TX. It holds $11.2M in total assets as of 2024.

How large is Carol Wolfe Foundation?

As of 2024, Carol Wolfe Foundation holds $11.2M in total assets with $762K in annual revenue. It awarded 11 grants totaling $334K in 2024.

Where does Carol Wolfe Foundation operate?

Carol Wolfe Foundation has awarded grants in Illinois, Texas.

What size grants does Carol Wolfe Foundation award?

In 2024, Carol Wolfe Foundation awarded 11 grants totaling $334K — an average of about $30K per grant, based on its IRS Form 990 filings.

How much is Carol Wolfe Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Carol Wolfe Foundation reported a distributable amount of $570K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.