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
Among its reported 2024 grants, the largest include Osf Healthcare System ($200,000), Academic Development Institute ($122,178), Timber Pointe Charitable Foundation ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LincolnLogan Food Pantry LINCOLN, IL | Unrestricted | $5,000 |
| IL VALLEY PUBLIC TELECOM CORP WTVP PEORIA, IL | Unrestricted | $5,000 |
| UNIVERSITY OF ILLINOIS FOUNDATION Urbana, IL | Unrestricted | $5,000 |
| ST CLARAS MANOR INC LINCOLN, IL | NEW NURSING HOME & UNRESTRICTED | $5,000 |
| GIRL SCOUTS OF CENTRAL IL COUNCIL BLOOMINGTON, IL | UNRESTRICTED | $5,000 |
| TIMBER POINTE CHARITABLE FOUNDATION BLOOMINGTON, IL | RENOVATION & EQUIPPING WOODS CENTER FOR PROGRAMS | $60,000 |
| ACADEMIC DEVELOPMENT INSTITUTE LINCOLN, IL | SCHOLARSHIP PROGRAM | $122,178 |
| LINCOLN ELEMENTARY SCHOOL DIST #27 LINCOLN, IL | LOGAN COUNTY 5TH GRADE FIELD TRIP | $34,051 |
| SOUTHERN IL UNIVERSITY EDWARDSVILLE, IL | SCHOLARSHIPS | $32,724 |
| UNIV OF IL SPRINGFIELD SPRINGFIELD, IL | SCHOLARSHIPS | $946 |
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
Frequently Asked Questions
What does The Woods Foundation fund?
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.
How do I apply for a grant from The Woods Foundation?
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: • OSF Healthcare System: $200,000 (Cancer Research) • Academic Development Institute: $122,178 (Scholarship Program) • The Timber Pointe Charitable Foundation: $60,000 (Renovation & Equipping Woods Center for Programs) Total giving in 2024 was $769,296.
Where does The Woods Foundation make grants?
The foundation primarily funds in Illinois, Tennessee, and North Carolina.
What size grants does The Woods Foundation award?
In 2024, The Woods Foundation awarded 29 grants totaling $769K — an average of about $27K per grant, based on its IRS Form 990 filings.
What is The Woods Foundation's EIN?
The Woods Foundation's EIN (Employer Identification Number) is 36-4196899. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in The Woods Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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