Luby & Catherine Wood Family Foundation
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
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
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
The most common grant size was in the $100–250K range: 5 grants of 13 (38%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Johnston Community College Foundation Smithfield, NC | General Operating Support | $279,489 |
| Campbell University Inc Buies Creek, NC | General Operating Support | $200,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- 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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