Terry and Kathy Greenwood Foundation
Terry and Kathy Greenwood Foundation is a private foundation, based in Cortland, OH. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $6K in total assets. In 2025, it awarded 5 grants totaling $24K. Net investment income was $1K.
Terry and Kathy Greenwood Foundation at a glance
In short: Terry and Kathy Greenwood Foundation gave $24K across 5 grants in 2025 (avg $5K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $23,500
- +88.0% vs 2024
- Grants made (2025)
- 5
- +400.0% vs 2024
- Average grant
- $4,700
- -62.4% vs 2024
- Median grant
- $2,500
- Total assets
- $5,999
- -79.0% vs 2024
- Primary geography
- New Jersey (57% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Terry and Kathy Greenwood Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Hoop Academy ($14K). Together the top 5 received $24K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Terry and Kathy Greenwood Foundation gives
- Giving grew 81% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 2022 to 2025, annual grant giving ranged from $13K (2024) to $28K (2023). In 2025 it made 5 grants totaling $24K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hoop Academy Rutherford, NJ | General Support | $13,500 |
| American Red Cross of the Mahoning Valley Austintown, OH | General Support | $2,500 |
| Cleveland Clinic Philanthropy Cleveland, OH | General Support | $2,500 |
| Second Harvest Food Bank of the Mahoning Valley Youngstown, OH | General Support | $2,500 |
| Warren Family Mission Warren, OH | General Support | $2,500 |
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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 | $5,999 | $1,406 | $24,002 | $23,500 | 5 | $23,500 | $1,283 | $781 |
| 2024 | $28,582 | $32,270 | $12,683 | $12,500 | 1 | $12,500 | $2,099 | $1,203 |
| 2023 | $10,527 | $1,053 | $27,705 | $27,500 | 11 | $27,500 | $851 | $1,162 |
| 2022 | $37,186 | $50,249 | $13,063 | $13,000 | 3 | $13,000 | $186 | $2,303 |
Under IRS private-foundation payout rules, Terry and Kathy Greenwood Foundation reported a distributable amount of $781 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Terry and Kathy Greenwood Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kathleen Greenwood
Trustee
On filings since 2021
1 hr/week
No compensation reported
Terry Greenwood
Trustee
On filings since 2021
1 hr/week
No compensation reported
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 Terry and Kathy Greenwood Foundation
How much does Terry and Kathy Greenwood Foundation give each year?
Terry and Kathy Greenwood Foundation gave $24K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $13K across 1 grant.
What is Terry and Kathy Greenwood Foundation's typical grant size?
Terry and Kathy Greenwood Foundation's median grant in 2025 was $2,500, and its average grant was $4,700, across 5 grants on its 2025 IRS Form 990-PF.
Where does Terry and Kathy Greenwood Foundation give grants?
Terry and Kathy Greenwood Foundation gives mostly in New Jersey: 57% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Ohio (43%).
Does Terry and Kathy Greenwood Foundation give general operating support?
Yes: 100% of Terry and Kathy Greenwood Foundation's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Terry and Kathy Greenwood Foundation's largest grantees?
Terry and Kathy Greenwood Foundation's largest 2025 grantees include Hoop Academy ($13,500), American Red Cross of the Mahoning Valley ($2,500) and Cleveland Clinic Philanthropy ($2,500), according to its 2025 IRS Form 990-PF. Together they received 79% of its itemized 2025 grant dollars.
How large is Terry and Kathy Greenwood Foundation?
Terry and Kathy Greenwood Foundation reported $6K in total assets on its 2025 IRS Form 990-PF. It paid out $24K in qualifying distributions that year, against a required minimum of $781 (roughly 5% of its investment assets).
What is Terry and Kathy Greenwood Foundation's EIN?
Terry and Kathy Greenwood Foundation's EIN (Employer Identification Number) is 87-1808208. 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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work Terry and Kathy Greenwood Foundation funds
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Figures come from Terry and Kathy Greenwood Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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