Wood Family Foundation Inc
Wood Family Foundation Inc is a private foundation based in Odessa, Texas. Founded by Odessans Clay and Louise Wood and their family, it supports community causes in Odessa and the surrounding Permian Basin, with its giving generally focused on education and healthcare.
Wood Family Foundation Inc at a glance
In short: Wood Family Foundation Inc gave $2.5M across 25 grants in 2025 (avg $99K), mostly in Texas. 24% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,479,571
- +5.4% vs 2024
- Grants made (2025)
- 25
- +25.0% vs 2024
- Average grant
- $99,183
- -15.7% vs 2024
- Median grant
- $20,000
- Total assets
- $46,837,224
- +3.1% vs 2024
- New grantees (estimate)
- 24% first-time grantees (6 of 25, 2025)
- Primary geography
- Texas (96% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Wood Family Foundation Inc
- How to Apply
-
The foundation’s website directs applicants to its online portal. Organizations funded in either of the previous two fiscal years, and nonprofit organizations located in Ector County, are asked to submit an Intent to Apply. Other organizations must first submit a Pre-Application Request. Trustees review these requests every four to six weeks; organizations showing interest are given instructions and an application deadline. Applicants must be IRS-recognized 501(c)(3) organizations, with a determination letter, or government municipalities that provide proof of their status. The 2025 filing says applicants must provide current financial reports, budgets, lists of officers and directors, and proof of current 501(c)(3) qualification. The foundation does not make loans or grants to individuals. Major capital campaigns seeking $1 million or more must raise approximately half the needed funds before applying. College and university requests must be approved by the institution’s development office and submitted with its cover letter. Applicants are expected to seek funding from multiple sources; the foundation says it rarely provides sole support and makes no commitment to future operating or project support. The program description also says it does not fund duplicate requests within a fiscal year.
- Review Cycle
- The 2025 filing lists no deadlines. The website says a deadline is provided to applicants invited to submit a grant application.
- Deadline
- The 2025 filing lists no deadlines.
- Contact
Application contact: Don Wood
Mailing address: 3 La Paz Circle, Odessa, TX 79765
Phone: (432) 617-1387
Website: https://woodfoundationodessa.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Wood Family Foundation Inc
Who Wood Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Odessa College ($700K). Together the top 10 received $2.3M.
Grant Size Distribution
109 grants across all recorded years
The most common grant size was under $50K: 75 grants of 109 (69%).
Geographic Focus
Where this funder awards grants
The foundation’s guidelines identify Odessa and the surrounding counties of the Permian Basin as its focus. In 2025, 96% of grant dollars went to recipients in Texas, 2% to California, and 2% to Washington, DC.
Grant Distribution by State
Share of 2025 grant dollars across all 25 itemized grants.
Cities
Is Wood Family Foundation Inc open to new grantees?
24%
first-time grantees, 2025
In 2025, 6 of 25 grantees (24%) were first-time recipients. First grants averaged $22K; repeat grants $124K. How we count
Medians: $20K first-time, $20K repeat.
- 72% of 2025 grantees were also funded in 2024. Method
- Giving grew 24% from 2022 to 2025. Method
- In 2025 it paid out 102% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $1.9M (2019) to $2.5M (2025). In 2025 it made 25 grants totaling $2.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Odessa College Odessa, TX | Oc Wood Health & Science BLDING | $700,000 |
| Univ of TX of the Permian Basin Odessa, TX | Scholarships | $462,500 |
| Idea Public Schools Weslaco, TX | Operations | $428,571 |
| Nonprofit Management Center Midland, TX | OP | $200,000 |
| The Ellen Noel Art Museum Odessa, TX | Operations | $200,000 |
| Odessa College Foundation Odessa, TX | Dollars for Scholars | $100,000 |
| West Texas Food Bank Odessa, TX | Operations | $95,000 |
| Ameican Red Cross Washington, DC | Operations | $50,000 |
| United Way of Odessa Odessa, TX | De Tocquevillel Pledge | $40,000 |
| The Juli Inkster Foundation Los Gatos, CA | Operations | $25,000 |
Ready to take the next step with Wood Family Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $46,837,224 | $4,797,087 | $3,348,677 | $2,479,571 | 25 | $2,591,732 | $3,152,016 | $2,549,145 |
| 2024 | $45,447,053 | $4,769,952 | $3,428,531 | $2,352,071 | 20 | $2,451,674 | $3,830,270 | $2,281,901 |
| 2023 | $43,423,708 | $3,630,893 | $2,879,004 | $2,040,571 | 23 | $2,132,403 | $2,669,355 | $2,183,554 |
| 2022 | $42,704,337 | $3,940,534 | $2,708,841 | $1,993,571 | 22 | $2,059,791 | $3,243,480 | $2,223,159 |
| 2021 | $49,768,063 | $4,468,914 | $2,994,371 | $2,442,571 | 19 | $2,493,714 | $3,913,947 | $2,380,833 |
| 2020 | $50,023,893 | $3,135,055 | $2,299,074 | $1,946,238 | 20 | — | $2,291,822 | $2,232,393 |
| 2019 | $43,268,568 | $5,627,340 | $2,058,876 | $1,859,854 | 25 | — | $5,515,114 | $2,494,958 |
Under IRS private-foundation payout rules, Wood Family Foundation Inc reported a distributable amount of $2.5M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation says it believes philanthropy can create opportunity and is dedicated to supporting causes that aid, empower, educate, and enrich West Texans. Its stated focus areas are education, families, community growth, and healthcare. Its guidelines emphasize primarily educational and medical grants.
Grants have gone to organizations with varied missions. For example, IDEA Public Schools says it prepares Pre-K–12 students to succeed in college and life; Bynum School provides educational, behavioral, and vocational programs for people with special needs; and the West Texas Food Bank collects and distributes food across 19 West Texas counties. The Odessa College Foundation says it raises scholarship support and funds for college projects and training programs. These are the grantees’ descriptions of their own work.
Grantmaking
In filing year 2025, the foundation reported 25 grants totaling $2,479,571. Grant amounts ranged from $1,000 to $700,000, with a median of $20,000.
The largest reported grants included $700,000 to Odessa College for its Wood Health & Science Building, $462,500 to the University of Texas of the Permian Basin for scholarships, and $428,571 to IDEA Public Schools for operations. Other notable awards were $200,000 each to the Nonprofit Management Center and the Ellen Noël Art Museum, both for operations; $100,000 to the Odessa College Foundation for Dollars for Scholars; and $95,000 to the West Texas Food Bank for operations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Jack Wood as vice president/assistant secretary, Donald E. Wood as president/secretary-treasurer, and Brenda Denton as assistant secretary.
Wood Family Foundation Inc is led by Donald E. Wood, President & Sec-Treas on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Donald E. Wood
President & Sec-Treas
On filings since 2020
No compensation reported
Brenda Denton
Assistant Secretary
On filings since 2019
No compensation reported
Jack Wood
Vice President & Assistant Secretary
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Wood Family Foundation Inc
How much does Wood Family Foundation Inc give each year?
Wood Family Foundation Inc gave $2.5M across 25 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.4M across 20 grants.
What is Wood Family Foundation Inc's typical grant size?
Wood Family Foundation Inc's median grant in 2025 was $20,000, and its average grant was $99,183, across 25 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Wood Family Foundation Inc that year got $22K on average.
Where does Wood Family Foundation Inc give grants?
Wood Family Foundation Inc gives mostly in Texas: 96% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Odessa, TX (9 grants) and Midland, TX (4 grants).
Does Wood Family Foundation Inc give general operating support?
Occasionally: 4% of Wood Family Foundation Inc's 2025 grants with a stated purpose (1 of 25) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Operations" (17 grants).
Who are Wood Family Foundation Inc's largest grantees?
Wood Family Foundation Inc's largest 2025 grantees include Odessa College ($700,000), Univ of TX of the Permian Basin ($462,500) and Idea Public Schools ($428,571), according to its 2025 IRS Form 990-PF. Together they received 64% of its itemized 2025 grant dollars.
How large is Wood Family Foundation Inc?
Wood Family Foundation Inc reported $46.8M in total assets on its 2025 IRS Form 990-PF. It paid out $2.6M in qualifying distributions that year, against a required minimum of $2.5M (roughly 5% of its investment assets).
What does Wood Family Foundation Inc fund?
The foundation says it believes philanthropy can create opportunity and is dedicated to supporting causes that aid, empower, educate, and enrich West Texans. Its stated focus areas are education, families, community growth, and healthcare. See mission & focus areas ↑
How do I apply for a grant from Wood Family Foundation Inc?
The foundation’s website directs applicants to its online portal. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Wood Family Foundation Inc's EIN?
Wood Family Foundation Inc's EIN (Employer Identification Number) is 75-2806006. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 14, 2020)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS December 11, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS December 11, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 21, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Wood Family Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Permian Basin Area Foundation
Midland, TX
The Permian Basin Area Foundation funds nonprofits working in education, health, housing, arts and culture, community development, human and social services, and other areas across the Permian Basin and Trans-Pecos regions. Its 2025 itemized grants had a median of $47,925, with awards ranging from $5,339 to $2,254,485.
Assets
$391.1M
Grants
165
Total Given
$15.2M
Abell-Hanger Foundation
Midland, TX
The Abell-Hanger Foundation funds nonprofit programs and projects in arts and culture, education, health and human services, religion, and public benefit, with support for operating costs, capacity building, and other initiatives; it has paused requests for capital campaigns and projects. Its current focus is 27 West Texas counties, and its 2025 grants had a median of $6,250, though amounts ranged widely. It accepts applications through a pre-proposal questionnaire or letter of intent, depending on the organization’s recent funding history.
Assets
$134.7M
Grants
382
Total Given
$12.2M
The Henry Foundation
Midland, TX
The Henry Foundation funds human services, education, health, youth development, recreation, arts, and other projects that improve quality of life, primarily in Midland, Texas; it may consider projects elsewhere with a Henry family business or personal connection. In 2025, grants ranged from $500 to $300,000, with a median of $15,000. It accepts unsolicited requests through an online pre-application process.
Assets
$1.1M
Grants
87
Total Given
$2.7M
The Fasken Foundation
Midland, TX
The Fasken Foundation funds nonprofit programs in education, health, human services, and public benefit, with an emphasis on disadvantaged youth and a preference for operational support over capital improvements. Its grant amounts vary widely: it reported 168–181 grants annually in 2022–2023, but only one grant of $1,719,254 in 2024, so a typical award level isn’t clear. About 80% of its funding goes to Midland and the surrounding area, with the remainder supporting communities where board members live; it accepts unsolicited online letters of inquiry and applications quarterly, but no longer accepts new applications from New Mexico organizations.
Assets
$44.7M
Grants
1
Total Given
$1.7M
Wayne & Jo Ann Moore Charitable
Midland, TX
The foundation supports charitable organizations in arts, health, education, food assistance, substance-use treatment, older-adult care, and youth services, with most funding going to Texas. Its 2024 grants ranged from $5,000 to $220,000, with a median of $20,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$61.5M
Grants
129
Total Given
$3.4M
Helen Greathouse Charitable Trust
Saint Louis, MO
The trust supports organizations serving older adults, people with disabilities or special needs, students, and children facing hardship or needing rehabilitation, with most funding going to Texas. In 2024, it made 66 grants of $5,000–$300,000, with a median grant of $20,000; applications require a formal application and supporting documents, and the filing does not state whether unsolicited requests are accepted.
Assets
$36.4M
Grants
66
Total Given
$2.0M
More similar funders
More Funders in Texas
Cite this profile
Grantable. (2026). Wood Family Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/wood-family-foundation-inc-morg_f6921c0efb68489f9c2ca638a104b602
BibTeX
@misc{grantable_752806006_2026,
author = {{Grantable}},
title = {{Wood Family Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/wood-family-foundation-inc-morg_f6921c0efb68489f9c2ca638a104b602},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Wood Family Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Wood Family Foundation Inc down — hundreds of funders to go?