The Woods Foundation is a private foundation based in Lincoln, Illinois, established in 1998. The organization holds tax-exempt status as a 501(c)(3) entity and operates with no employees on staff.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$769K
+1.8% YoY
Grant Count
29
-19.4% YoY
Avg Grant Size
$27K
+26.4% YoY
Mission & Focus Areas
The Woods Foundation primarily funds college scholarships, including unrestricted college scholarships and scholarship programs for Logan County 5th grade field trips. The foundation also provides classroom programs in Logan County and Chapel Reno.
Grantmaking
The foundation made 35 grants in its most recent fiscal year (2024). Grant amounts typically range from $173 to $260,000, with recent notable grants including:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds in Illinois, Tennessee, and North Carolina.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $15,775,856
- Total revenues: $1,030,112
- Total expenses: $919,715
- Investment income and dividends: $460,962
- Net rental income: $92,347
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
171 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board members include:
- William B Bates (President)
- William B Bates Jr (Director)
- David L Golwitzer (Secretary/Treasurer)
- Christopher L Golwitzer (Director)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM B BATES | President | 3 | $12,000 |
| WILLIAM B BATES JR | Director | 3 | $12,000 |
| DAVID L GOLWITZER | SEC./TREAS. | 3 | — |
| CHRISTOPHER L GOLWITZER | Director | 3 | $12,000 |
| CHRISTY CROSS | Director | 3 | $4,000 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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