William M Wood Foundation

Private foundation · Grantmaker Dallas, TX EIN: 38-3716011

William M Wood Foundation is a private foundation, based in Dallas, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $51.1M in total assets. In 2025, it awarded 16 grants totaling $3.7M. Net investment income was $2.4M.

Key facts about William M Wood Foundation

In short: William M Wood Foundation gave $3.7M across 16 grants in 2025 (avg $230K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.

EIN
38-3716011
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$3,673,457
Grants made (2025)
16
Average grant
$229,591
Median grant
$200,000
Total assets
$51,053,489
Primary geography
Massachusetts (52% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$51.1M

-3.3% YoY

Annual Giving

$3.7M

+13.5% YoY

Grant Count

16

+33.3% YoY

Avg Grant Size

$230K

-14.8% YoY

Under IRS private-foundation payout rules, William M Wood Foundation reported a distributable amount of $4.3M for 2025 — the minimum it must pay out in qualifying distributions.

How William M Wood Foundation gives

  • 63% of 2025 grantees were also funded in 2024. Method
  • Giving held roughly steady from 2022 to 2025 (+2%). Method
  • In 2025 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Share of all 16 itemized 2025 grant dollars.

Cities

LouisvilleBostonAndoverAnnapolisLawrenceNew BedfordNewtonWatertownBurlingtonCastineScottsvilleSmithtown

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M$4M1 grants20201 grants20211 grants202215 grants202312 grants202416 grants2025

From 2020 to 2025, annual grant giving ranged from $2.6M (2020) to $3.7M (2025). In 2025 it made 16 grants totaling $3.7M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Perkins School for the Blind: $500KPerkins School for the Blind$500KBrigham and Women's Hospital: $500KBrigham and Women's Hospital$500KLouisville Orchestra: $450KLouisville Orchestra$450KMaine Maritime Academy: $350KMaine Maritime Academy$350KKentucky School for the Blind: $327KKentucky School for the Blind$327KAndover Historical Society: $300KAndover Historical Society$300KMassachusetts General Hospital: $250KMassachusetts General Hospital$250KOld Dartmouth Historical Society: $200KOld Dartmouth HistoricalSociety$200KFilson Historical Society: $200KFilson Historical Society$200KKentucky Humane Society: $190KKentucky Humane Society$190K

The largest 2025 recipient was Perkins School for the Blind ($500K). Together the top 10 received $3.3M.

Grant Size Distribution

45 grants across all recorded years

3<$50K8$50–100K15$100–250K12$250–500K5$500K–1M2$1–5M$5M+

The most common grant size was in the $100–250K range: 15 grants of 45 (33%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Perkins School for the Blind Watertown, MACollege Success Program$500,000
Brigham and Women's Hospital Boston, MAUnrestricted General$500,000
Louisville Orchestra Louisville, KYUnrestricted General$450,000
Maine Maritime Academy Castine, MEUnrestricted General$350,000
Kentucky School for the Blind Louisville, KYTechnology Devices,$327,399
Andover Historical Society Andover, MAUnrestricted General$299,999
Massachusetts General Hospital Boston, MAUnrestricted General$250,000
Old Dartmouth Historical Society New Bedford, MASupports Exhibits$200,000
Filson Historical Society Louisville, KYUnrestricted General$200,000
Kentucky Humane Society Louisville, KYUnrestricted General$189,999

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2.5M$5M$7.5M$10M202020212022202320242025
Metric202520242023
Total Assets$51,053,489$52,811,955$55,033,279
Revenue$2,675,012$1,768,508$4,390,234
Expenses$4,425,396$4,059,267$3,868,968
Qualifying Distributions$4,098,535$3,668,704$3,570,875
Net Investment Income$2,356,056$1,466,378$4,091,273
Distributable Amount$4,317,182$4,102,829$3,555,562

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS February 19, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS February 18, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS March 30, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS March 29, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS February 10, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS January 31, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

William M Wood Foundation's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Bank Of America

    Co-Trustee

    On filings since 2020

    1 hr/week

    $373K (2020) → $490K (2025)

  • Edward M. Condit Jr.

    Co-Trustee

    On filings since 2020

    2 hrs/week

    $54K (2020) → $18K (2025)

Former officers (1)
  • Former: Frederick A. Spaulding (2022–2023) — Co-Trustee

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Bank of America — Co-Trustee: $490KBank of AmericaCo-Trustee$490KEdward M Condit Jr — Co-Trustee: $18KEdward M Condit JrCo-Trustee$18K

The highest reported compensation on the 2025 filing was $490K, to Bank of America (Co-Trustee). 2 officers or directors reported compensation on that filing.

Frequently asked questions about William M Wood Foundation

How much does William M Wood Foundation give each year?

William M Wood Foundation gave $3.7M across 16 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3.2M across 12 grants.

What is William M Wood Foundation's typical grant size?

William M Wood Foundation's median grant in 2025 was $200,000, and its average grant was $229,591, across 16 grants on its 2025 IRS Form 990-PF.

Where does William M Wood Foundation give grants?

William M Wood Foundation gives mostly in Massachusetts: 52% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Kentucky (35%) and Maine (10%). The most frequent recipient cities were Louisville, KY (5 grants), Boston, MA (2 grants) and Andover, MA (2 grants).

Does William M Wood Foundation give general operating support?

Yes: 75% of William M Wood Foundation's 2025 grants with a stated purpose (12 of 16) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are William M Wood Foundation's largest grantees?

William M Wood Foundation's largest 2025 grantees include Perkins School for the Blind ($500,000), Brigham and Women's Hospital ($500,000) and Louisville Orchestra ($450,000), according to its 2025 IRS Form 990-PF. Together they received 39% of its itemized 2025 grant dollars.

How large is William M Wood Foundation?

William M Wood Foundation reported $51.1M in total assets on its 2025 IRS Form 990-PF. It paid out $4.1M in qualifying distributions that year, against a required minimum of $4.3M (roughly 5% of its investment assets).

What is William M Wood Foundation's EIN?

William M Wood Foundation's EIN (Employer Identification Number) is 38-3716011. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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