Terry and Kathy Greenwood Foundation

Foundation · Grantmaker Cortland, OH EIN: 87-1808208

Terry and Kathy Greenwood Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Cortland, OH. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $29K in total assets. In 2024, it awarded 1 grant totaling $13K. Net investment income was $2K.

Key facts about Terry and Kathy Greenwood Foundation

EIN: 87-1808208
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $12,500
Grants made (2024): 1
Average grant: $12,500
Median grant: $12,500
Total assets: $28,582
Primary geography: New Jersey (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How Terry and Kathy Greenwood Foundation gives

In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

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

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$29K

+171.5% YoY

Annual Giving

$13K

-54.5% YoY

Grant Count

-90.9% YoY

Avg Grant Size

$13K

+400.0% YoY

Under IRS private-foundation payout rules, Terry and Kathy Greenwood Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.

About Terry and Kathy Greenwood Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $13K (100%)

Share of all 1 itemized 2024 grant dollars.

States

New Jersey Ohio Pennsylvania West Virginia

Cities

WarrenRutherfordYoungstownAthensAustintownFindlayKentMorgantownWest Mifflin

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$28,582	$10,527	$37,186
Revenue	$32,270	$1,053	$50,249
Expenses	$12,683	$27,705	$13,063
Qualifying Distributions	$12,500	$27,500	$13,000
Net Investment Income	$2,099	$851	$186
Distributable Amount	$1,203	$1,162	$2,303

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2021–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Hoop Academy ($12,500).

Recipient	Purpose	Amount
HOOP ACADEMY Rutherford, NJ	GENERAL SUPPORT	$12,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Terry Greenwood	Trustee	1	—
Kathleen Greenwood	Trustee	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Terry and Kathy Greenwood Foundation?

Terry and Kathy Greenwood Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Cortland, OH. It holds $29K in total assets as of 2024.

How large is Terry and Kathy Greenwood Foundation?

As of 2024, Terry and Kathy Greenwood Foundation holds $29K in total assets with $32K in annual revenue. It awarded 1 grant totaling $13K in 2024.

Where does Terry and Kathy Greenwood Foundation operate?

Terry and Kathy Greenwood Foundation has awarded grants in New Jersey, Ohio, Pennsylvania, West Virginia.

What size grants does Terry and Kathy Greenwood Foundation award?

In 2024, Terry and Kathy Greenwood Foundation awarded 1 grant totaling $13K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is Terry and Kathy Greenwood Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Terry and Kathy Greenwood Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2021–2024.