Wood Family Foundation Inc
The Wood Family Foundation Inc is a private philanthropic foundation based in Odessa, Texas, established in 1999. The foundation was created by Clay and Louise Wood and their family to support worthwhile community causes in West Texas and beyond. The foundation operates as a 501(c)(3) organization dedicated to creating opportunity through philanthropy and reinvesting in the Permian Basin region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$45.4M
+4.7% YoY
Annual Giving
$2.4M
+15.3% YoY
Grant Count
20
-13.0% YoY
Avg Grant Size
$118K
+32.6% YoY
Mission & Focus Areas
The Wood Family Foundation believes in the power of philanthropy to create opportunity and support community causes in Odessa and the surrounding area. The foundation focuses on four primary areas:
- Education: Supporting education to ensure that opportunities are available to all who strive for success
- Families: Building bonds within families and strengthening relationships between parents, children, and grandparents
- Community Growth: Collaborating and partnering with other nonprofit organizations to address issues within communities and improve quality of life for all residents
- Healthcare: Providing resources to bring the latest medical and technical educational advancements to West Texans
The foundation also supports arts and culture, performing arts, higher education, and human services initiatives.
Grantmaking
The Wood Family Foundation makes grants across multiple funding areas with varying award sizes. Recent grant activity includes:
Grant Range
s typically range from $1,000 to $700,000, with an average grant award of approximately $90,000-$92,000 and a median grant size of $20,000. The foundation made 19-22 grants in recent years.
Average Grant
award of approximately $90,000-$92,000 and a median grant size of $20,000. The foundation made 19-22 grants in recent years.
How to Apply
**: Organizations are required to furnish the foundation with current financial reports and budgets as part of the application process.
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Geographic Focus
Where this funder awards grants
The Wood Family Foundation primarily funds organizations in:
- Texas (primary focus, particularly the Odessa and Permian Basin region)
- California
- New Mexico
- Maryland
Specific cities where the foundation has provided support include Gaithersburg, Houston, Los Gatos, Lubbock, Midland, Odessa, Plano, Portales, San Antonio, San Jose, San Marcos, Sealy, and Weslaco.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023-2024:
- Total Assets: $43.4-$45.4 million
- Annual Revenue: $3.6-$3.9 million
- Annual Expenses: $2.8-$2.9 million
- Total Giving: $2.0-$2.4 million annually
- Total Liabilities: $4,150 (2023)
The foundation has demonstrated significant asset growth, increasing from $1.2 million in 2011 to over $45 million by 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $45,447,053 | $43,423,708 | $42,704,337 |
| Revenue | $4,769,952 | $3,630,893 | $3,940,534 |
| Expenses | $3,428,531 | $2,879,004 | $2,708,841 |
| Qualifying Distributions | $2,451,674 | $2,132,403 | $2,059,791 |
| Net Investment Income | $3,830,270 | $2,669,355 | $3,243,480 |
| Distributable Amount | $1,994,303 | $1,818,815 | $2,223,159 |
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
104 grants across all recorded years
Open Grants
1 open opportunity from Wood Family Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Clay Wood - Principal Officer
- Jack Wood - Vice President/Assistant Secretary
- Donald E. Wood - President/Secretary-Treasurer
- Brenda Denton - Assistant Secretary
All key personnel serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JACK WOOD | VP/ASST SEC | — | — |
| DONALD E WOOD | PRES/SEC-TREAS | — | — |
| BRENDA DENTON | ASST SEC | — | — |
Recent News & Activity
Recent developments and announcements
The foundation has been active in supporting major initiatives in West Texas, including:
A lead gift to equip the Texas Tech University Health Science Center Simulation Center at Medical Center Hospital
A $1 million grant to the Odessa Crisis Center for the Louise Wood Angel House to aid victims of domestic and sexual violence
Support for the opening of a new Stroke Center of Excellence in Odessa
The foundation has supported 27 unique organizations across multiple states, with a total of 65 grants distributed.
Community Foundation awards $67,400 in Woods Family Music & Arts grants acrossSubject 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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