Luby & Catherine Wood Family Foundation

Private foundation · Grantmaker Huntersville, NC EIN: 87-3797275

Luby & Catherine Wood Family Foundation is a private foundation, based in Huntersville, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $6.2M in total assets. In 2025, it awarded 2 grants totaling $479K. Net investment income was $212K.

Key facts about Luby & Catherine Wood Family Foundation

In short: Luby & Catherine Wood Family Foundation gave $479K across 2 grants in 2025 (avg $240K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.

EIN
87-3797275
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$479,489
Grants made (2025)
2
Average grant
$239,745
Median grant
$239,745
Total assets
$6,205,528
Primary geography
North Carolina (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$6.2M

-4.7% YoY

Annual Giving

$479K

-5.0% YoY

Grant Count

2

-33.3% YoY

Avg Grant Size

$240K

+42.6% YoY

Under IRS private-foundation payout rules, Luby & Catherine Wood Family Foundation reported a distributable amount of $417K for 2025 — the minimum it must pay out in qualifying distributions.

How Luby & Catherine Wood Family Foundation gives

  • Giving held roughly steady from 2022 to 2025 (−6%). Method
  • In 2025 it paid out 116% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 2 itemized grants.

Cities

SmithfieldBuies CreekAshevilleCharlotte

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K0 grants2021 4 grants2022 4 grants2023 3 grants2024 2 grants2025

From 2022 to 2025, annual grant giving ranged from $479K (2025) to $512K (2022). In 2025 it made 2 grants totaling $479K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Johnston Community College Foundation: $279KJohnston Community CollegeFoundation$279KCampbell University Inc: $200KCampbell University Inc$200K

The largest 2025 recipient was Johnston Community College Foundation ($279K). Together the top 2 received $479K.

Grant Size Distribution

13 grants across all recorded years

4<$50K1$50–100K5$100–250K3$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 5 grants of 13 (38%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Johnston Community College Foundation Smithfield, NCGeneral Operating Support$279,489
Campbell University Inc Buies Creek, NCGeneral Operating Support$200,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M2021 2022 2023 2024 2025
Metric202520242023
Total Assets$6,205,528$6,513,477$4,400,396
Revenue$284,301$2,713,741$2,215,217
Expenses$592,300$600,666$568,936
Qualifying Distributions$482,519$506,417$499,713
Net Investment Income$211,883$2,651,406$2,179,721
Distributable Amount$417,452$361,770$342,618

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
  2. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

Luby & Catherine Wood Family Foundation's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Catherine Wood

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Luby Wood

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Reid Wood

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Deborah Wood

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Debbie Wood (2021) — Director

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.

Frequently asked questions about Luby & Catherine Wood Family Foundation

How much does Luby & Catherine Wood Family Foundation give each year?

Luby & Catherine Wood Family Foundation gave $479K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $504K across 3 grants.

How large is Luby & Catherine Wood Family Foundation?

Luby & Catherine Wood Family Foundation reported $6.2M in total assets on its 2025 IRS Form 990-PF. It paid out $483K in qualifying distributions that year, against a required minimum of $417K (roughly 5% of its investment assets).

Where does Luby & Catherine Wood Family Foundation operate?

Luby & Catherine Wood Family Foundation has awarded grants in North Carolina.

What is Luby & Catherine Wood Family Foundation's EIN?

Luby & Catherine Wood Family Foundation's EIN (Employer Identification Number) is 87-3797275. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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