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.
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
11
+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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
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 include Ritz Community Theater ($122,000), DM Cogdell Memorial Hospital Founda ($50,000), Snyder Christian School Inc ($35,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Second Chance Dog Rescue Snyder, TX | Assist financially with spaying, neutering, food and supplies. | $25,000 |
| 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 |
| 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 |
| GG Ministries lubbock, TX | Table for October 5, 2024 Fundraiser | $1,000 |
| Pioneer City County Museum Sweetwater, TX | Grant for research room | $21,800 |
| Ritz Community Theater Snyder, TX | Marquis sign | $122,000 |
| Scurry County United Fund Inc Snyder, TX | General use | $1,000 |
| Snyder Christian School Inc Snyder, TX | Supplies, rent, utilities | $35,000 |
| Snyder Community Resource Center Snyder, TX | Blessings in a bag lunches | $35,000 |
| Snyder Volunteer Fire Department Snyder, TX | Equipment and supplies | $8,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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
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.
What is Carol Wolfe Foundation's EIN?
Carol Wolfe Foundation's EIN (Employer Identification Number) is 85-0546864. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Carol Wolfe Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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