The Norwood Foundation
The Norwood Foundation is a private independent foundation established in 2002 and based in Colorado Springs, Colorado. Designated as a 501(c)(3) organization, it operates as a family foundation focused on philanthropic grantmaking.
Key facts about The Norwood Foundation
- EIN
- 01-0705471
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $6,112,922
- Grants made (2024)
- 40
- Average grant
- $152,823
- Median grant
- $10,000
- New grantees (estimate)
- 65% first-time grantees (26 of 40, 2024)
- Total assets
- $82,614,788
- Primary geography
- Colorado (90% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Norwood Foundation funds
By grant dollars, the top recipient states for The Norwood Foundation's 40 itemized 2024 grants were Colorado (90%). The most frequent recipient cities were Colorado Springs, CO (25 grants) and Denver, CO (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is The Norwood Foundation open to new grantees?
65%
first-time grantees, 2024
In 2024, 26 of 40 grantees (65%) were first-time recipients. First grants averaged $204K; repeat grants $58K. How we count
Medians: $10K first-time, $16K repeat.
- 28% of 2024 grantees were also funded in 2023. Method
- Giving grew 876% from 2021 to 2024. Method
- In 2024 it paid out 133% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Norwood Foundation
- How to evaluate The Norwood Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$82.6M
+111.6% YoY
Annual Giving
$6.1M
+140.7% YoY
Grant Count
40
+5.3% YoY
Avg Grant Size
$153K
+128.7% YoY
Under IRS private-foundation payout rules, The Norwood Foundation reported a distributable amount of $4.7M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation gives primarily for:
- Education
- Christian organizations
- Presbyterian church support
Grantmaking
The Norwood Foundation makes general purpose grants to nonprofit organizations. Recent grant activity includes:
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Geographic Focus
Where this funder awards grants
The foundation operates in Colorado, with a primary focus on the Colorado Springs area and surrounding regions.
Grant Distribution by State
Share of all 40 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $55,963,435
- Total Revenues: $19,441,621
- Total Expenses: $2,866,689
- Number of Employees: 0
Revenue Composition (2023):
- Total grants and contributions: $427,923
- Investment income and dividends: $1,505,708
- Net rental income: $319,144
- Net gain from sale of non-inventory assets: $16,517,037
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $82,614,788 | $39,037,330 | $19,968,691 |
| Revenue | $32,456,380 | $21,626,921 | $378,402 |
| Expenses | $7,080,743 | $2,586,702 | $1,378,639 |
| Qualifying Distributions | $6,255,169 | $2,539,627 | $1,375,995 |
| Net Investment Income | $29,514,509 | $17,748,665 | $509,428 |
| Distributable Amount | $4,696,015 | $2,373,331 | $713,935 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
174 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Rapha Foundation Fund ($2,800,000), Pikes Peak Community Foundations ($1,566,337), Pikes Peak Hospice ($275,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Rapha Foundation Fund Colorado Springs, CO | General Purpose | $2,800,000 |
| Pikes Peak Community Foundations Colorado Springs, CO | General Purpose | $1,566,337 |
| Pikes Peak Hospice Colorado Springs, CO | General Purpose | $275,000 |
| Advance Colorado Englewood, CO | General Purpose | $250,000 |
| American Red Cross Washington, DC | General Purpose | $250,000 |
| QED Foundation Amherst, NH | General Purpose | $225,000 |
| Care & Share Colorado Springs, CO | General Purpose | $125,000 |
| Baptists on Mission Concord, NC | General Purpose | $100,000 |
| Mt Carmel Veterans Center Colorado Springs, CO | General Purpose | $100,000 |
| Dream Centers of Colorado Springs Colorado Springs, CO | General Purpose | $92,615 |
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 |
|---|---|---|---|
| David D Jenkins | President | 1 | — |
| Carolyn S Jenkins | Vice President | 1 | — |
| Christopher S Jenkins | Sec/Treas | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Norwood Foundation fund?
The foundation gives primarily for: • Education • Christian organizations • Presbyterian church support
How do I apply for a grant from The Norwood Foundation?
The Norwood Foundation makes general purpose grants to nonprofit organizations. Recent grant activity includes: **Recent Grants (2023):** • Young Life: $350,000 • Association of American Red Cross Retirees: $200,000 • Qed Foundation: $125,000 • The Outreach Foundation (among other recipients) The foundation made 32 grants in 2023, with a total giving amount of $2,491,879 for that year.
Where does The Norwood Foundation make grants?
The foundation operates in Colorado, with a primary focus on the Colorado Springs area and surrounding regions.
What size grants does The Norwood Foundation award?
In 2024, The Norwood Foundation awarded 40 grants totaling $6.1M — an average of about $153K per grant, based on its IRS Form 990 filings.
How much is The Norwood Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Norwood Foundation reported a distributable amount of $4.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Norwood Foundation's EIN?
The Norwood Foundation's EIN (Employer Identification Number) is 01-0705471. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.