Lee J & Billie B Woods
Lee J & Billie B Woods is a private foundation focused on Education, based in San Angelo, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $83K in total assets. Net investment income was $2K.
Lee J & Billie B Woods at a glance
- Total assets
- $83,005
- -0.3% vs 2024
- Revenue (2025)
- $2,243
- -30.2% vs 2024
- Net investment income (2025)
- $2,243
- -26.3% vs 2024
- Expenses (2025)
- $2,504
- +28.9% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Lee J & Billie B Woods funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Lee J & Billie B Woods gives
- Giving fell 20% from 2019 to 2022. Method
- In 2022 it paid out 66% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2022, annual grant giving ranged from $3K (2022) to $5K (2020). In 2022 it made 1 grant totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $2,564 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $83,005 | $2,243 | $2,504 | — | — | — | $2,243 | $4,589 |
| 2024 | $83,266 | $3,215 | $1,942 | — | — | — | $3,044 | $4,675 |
| 2023 | $81,993 | $2,444 | $1,353 | — | — | — | $2,931 | $4,437 |
| 2022 | $80,902 | $-3,796 | $3,457 | $2,564 | 1 | $2,564 | $2,302 | $3,908 |
| 2021 | $88,155 | $4,796 | $5,699 | $4,688 | 1 | $4,688 | $4,399 | $4,502 |
| 2020 | $89,058 | $4,569 | $6,850 | $5,453 | 1 | — | $3,516 | $4,503 |
| 2019 | $91,339 | $5,427 | $4,686 | $3,219 | 1 | — | $3,423 | $4,562 |
Under IRS private-foundation payout rules, Lee J & Billie B Woods reported a distributable amount of $5K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lee J & Billie B Woods's only listed officer is Texas State Bank, Trustee on every filing since 2021 (uncompensated).
Officers on the 2025 filing
Texas State Bank
Trustee
On filings since 2021
$812 (2021) → $0 (2025)
Former officers (1)
- Former: City National Bank (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $826, to Texas State Bank (Trustee).
Frequently asked questions about Lee J & Billie B Woods
How large is Lee J & Billie B Woods?
Lee J & Billie B Woods reported $83K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $2K.
What is Lee J & Billie B Woods?
Lee J & Billie B Woods is a private foundation focused on Education, based in San Angelo, TX. It holds $83K in total assets as of 2025.
Where does Lee J & Billie B Woods operate?
Lee J & Billie B Woods has awarded grants in Texas.
How much is Lee J & Billie B Woods required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Lee J & Billie B Woods reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lee J & Billie B Woods's EIN?
Lee J & Billie B Woods's EIN (Employer Identification Number) is 20-7369859. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 17, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 22, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 28, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 13, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 10, 2026)
- IRS filings on file for fiscal years 2019–2025
Live grants for the work Lee J & Billie B Woods funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Lee J & Billie B Woods's focus areas in our free grants database
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