Homa & Irene Wood Foundation
Homa & Irene Wood Foundation is a private foundation based in Tempe, Arizona. Its 2025 grants show support for scholarships and student assistance, primarily through Arizona colleges and universities.
Key facts about Homa & Irene Wood Foundation
In short: Homa & Irene Wood Foundation gave $620K across 10 grants in 2025 (avg $62K), mostly in Arizona. Source: 2025 IRS Form 990-PF.
- EIN
- 86-0788519
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $619,955
- Grants made (2025)
- 10
- Average grant
- $61,996
- Median grant
- $22,500
- Total assets
- $7,909,404
- Primary geography
- Arizona (96% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated October 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$7.9M
-4.1% YoY
Annual Giving
$620K
-2.5% YoY
Grant Count
10
-16.7% YoY
Avg Grant Size
$62K
+17.0% YoY
Under IRS private-foundation payout rules, Homa & Irene Wood Foundation reported a distributable amount of $591K for 2025 — the minimum it must pay out in qualifying distributions.
How Homa & Irene Wood Foundation gives
- Giving held roughly steady from 2022 to 2025 (+11%). Method
- In 2025 it paid out 105% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
The foundation’s listed grants support scholarships at universities and community colleges, as well as student support for computers and books. Arizona State University, a 2025 grantee, describes its mission as advancing the university by enriching the lives of alumni, students, and friends and fostering their lifelong connections. Grand Canyon University, another 2025 grantee, describes itself as a missional, Christ-centered university that cultivates compassionate Christian community, empowers free and virtuous action, and serves others in ways that promote human flourishing.
Grantmaking
In 2025, the foundation gave $619,955 through 10 grants. Grants ranged from $2,500 to $307,000, with a median grant of $22,500. The largest awards went to Arizona State University ($307,000), Northern Arizona University ($148,000), and the University of Arizona ($62,250), all for scholarships. Other grants included $41,205 for student support—computers and books—and $27,000 to Grand Canyon University for scholarships.
How to Apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with Homa & Irene Wood Foundation?
Geographic Focus
Where this funder awards grants
In 2025, 96% of grant dollars went to recipients in Arizona, 3% to Utah, 1% to Idaho, and less than 1% to Washington.
Grant Distribution by State
Share of 2025 grant dollars across all 10 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $522K (2021) to $636K (2024). In 2025 it made 10 grants totaling $620K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Arizona State University ($307K). Together the top 7 received $568K.
Organizations only. It also paid 3 grants to individuals ($52,205), which are not listed by name.
Grant Size Distribution
50 grants across all recorded years
The most common grant size was under $50K: 34 grants of 50 (68%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Arizona State University Tempe, AZ | Scholarships | $307,000 |
| Northern Arizona University Flagstaff, AZ | Scholarships | $148,000 |
| University of Arizona Tucson, AZ | Scholarship | $62,250 |
| 3 grants to individuals Recipients not named | — | $52,205 |
| Grand Canyon University Phoenix, AZ | Scholarships | $27,000 |
| Brigham Young University Provo, UT | Scholarships | $18,000 |
| Mesa Community College Mesa, AZ | Scholarships | $3,000 |
| Gonzaga University Spokane, WA | Scholarships | $2,500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $7,909,404 | $472,063 | $811,402 | $619,955 |
| 2024 | $8,248,814 | $508,588 | $749,138 | $635,922 |
| 2023 | $8,488,613 | $302,588 | $786,661 | $573,093 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $7,909,404 | $8,248,814 | $8,488,613 |
| Revenue | $472,063 | $508,588 | $302,588 |
| Expenses | $811,402 | $749,138 | $786,661 |
| Qualifying Distributions | $619,955 | $635,922 | $573,093 |
| Net Investment Income | $333,116 | $426,872 | $131,020 |
| Distributable Amount | $590,930 | $556,814 | $545,779 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Douglas K. Cook, Jeffrey C. McMullin, Lynette Peterson, and Denise Arend. Cook, Peterson, and Arend are listed as directors; McMullin is listed as treasurer.
Homa & Irene Wood Foundation's 2025 filing lists 4 officers; all 4 officers listed in 2025 are compensated.
Officers on the 2025 filing
Douglas K. Cook
Director
On filings since 2021
4 hrs/week
$14K (2021) → $14K (2025)
Lynette Peterson
Director
On filings since 2021
4 hrs/week
$14K (2021) → $14K (2025)
Denise Arend
Director
New on the 2025 filing
4 hrs/week
$11K (2025)
Jeffrey C. McMullin
Treasurer
On filings since 2021
4 hrs/week
$14K (2021) → $14K (2025)
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $14K, to Douglas K Cook (Director). 4 officers or directors reported compensation on that filing.
Contact
Mailing address: 2151 E Broadway Road Ste 220, Tempe, AZ 85282
Phone: (480) 831-9500
Frequently asked questions about Homa & Irene Wood Foundation
How much does Homa & Irene Wood Foundation give each year?
Homa & Irene Wood Foundation gave $620K across 10 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $636K across 12 grants.
What is Homa & Irene Wood Foundation's typical grant size?
Homa & Irene Wood Foundation's median grant in 2025 was $22,500, and its average grant was $61,996, across 10 grants on its 2025 IRS Form 990-PF.
Where does Homa & Irene Wood Foundation give grants?
Homa & Irene Wood Foundation gives mostly in Arizona: 96% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Homa & Irene Wood Foundation give general operating support?
Not in 2025: none of the 10 grants with a stated purpose on Homa & Irene Wood Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (8 grants).
Who are Homa & Irene Wood Foundation's largest grantees?
Homa & Irene Wood Foundation's largest 2025 grantees include Arizona State University ($307,000), Northern Arizona University ($148,000) and University of Arizona ($62,250), according to its 2025 IRS Form 990-PF. It also paid 3 grants to individuals ($52,205), which are not listed by name. Together they received 83% of its itemized 2025 grant dollars.
How large is Homa & Irene Wood Foundation?
Homa & Irene Wood Foundation reported $7.9M in total assets on its 2025 IRS Form 990-PF. It paid out $620K in qualifying distributions that year, against a required minimum of $591K (roughly 5% of its investment assets).
What does Homa & Irene Wood Foundation fund?
The foundation’s listed grants support scholarships at universities and community colleges, as well as student support for computers and books. See mission & focus areas ↑
How do I apply for a grant from Homa & Irene Wood Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Homa & Irene Wood Foundation's EIN?
Homa & Irene Wood Foundation's EIN (Employer Identification Number) is 86-0788519. IRS Form 990 filing data is available on this page for 2021–2025.
Does Homa & Irene Wood Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Homa & Irene Wood Foundation by hand.
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