Wood Foundation Inc
Wood Foundation Inc is a private foundation, based in South Bend, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $12.9M in total assets. In 2024, it awarded 7 grants totaling $675K. Net investment income was $941K.
Wood Foundation Inc at a glance
In short: Wood Foundation Inc gave $675K across 7 grants in 2024 (avg $96K), mostly in Michigan. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $675,000
- +8.9% vs 2023
- Grants made (2024)
- 7
- -12.5% vs 2023
- Average grant
- $96,429
- +24.4% vs 2023
- Median grant
- $80,000
- Total assets
- $12,943,684
- +1.2% vs 2023
- Primary geography
- Michigan (88% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Wood Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Salvation Army-Niles Facility ($250K). Together the top 7 received $675K.
Grant Size Distribution
56 grants across all recorded years
The most common grant size was under $50K: 35 grants of 56 (63%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Wood Foundation Inc gives
- Giving grew 22% from 2021 to 2024. Method
- In 2024 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $96K (2019) to $676K (2022). In 2024 it made 7 grants totaling $675K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Salvation Army-Niles Facility Niles, MI | Construction of new facility and feeding his sheep food program | $250,000 |
| Curious Kids Musuem St Joseph, MI | Musuem Exhibit | $200,000 |
| Corewell Health Care Center Niles, MI | ICU Renovations | $100,000 |
| Logan Community Resource Center South Bend, IN | Niles Program 2025 | $80,000 |
| United Way of Southwest Michigan St Joseph, MI | Dolly Parton Imagination Library | $25,000 |
| Greater Niles Chamber of Commerce Niles, MI | Community Development | $10,000 |
| Friends of the Niles District Library Niles, MI | Security System | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $12,943,684 | $1,073,891 | $918,257 | $675,000 | 7 | $769,539 | $940,689 | $861,117 |
| 2023 | $12,788,050 | $857,089 | $843,004 | $620,000 | 8 | $731,078 | $503,412 | $809,501 |
| 2022 | $12,773,965 | $779,279 | $906,429 | $676,000 | 9 | $788,599 | $388,422 | $735,586 |
| 2021 | $12,903,763 | $1,866,329 | $758,640 | $555,252 | 15 | $660,011 | $1,481,628 | $763,682 |
| 2020 | $11,797,319 | $871,499 | $733,710 | $552,022 | 17 | — | $343,558 | $647,350 |
| 2019 | $11,659,530 | $9,067,658 | $215,290 | $95,700 | 7 | — | $434,703 | $570,783 |
Under IRS private-foundation payout rules, Wood Foundation Inc reported a distributable amount of $861K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Wood Foundation Inc is led by Jerry E. French, President since 2022 (on filings since 2019); all 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
Jerry E. French
President
President → Officer, 2021
Officer → President, 2022
On filings since 2019
1 hr/week
$6K (2019) → $8K (2024)
Brian M. French
Officer
Officer → Vice President, 2021
Vice President → Officer, 2022
On filings since 2019
1 hr/week
$6K (2019) → $8K (2024)
Donald F. Walter
Officer
On filings since 2019
1 hr/week
$6K (2019) → $8K (2024)
James F. Keenen
Vice President & Secretary
On filings since 2019
1 hr/week
$6K (2019) → $8K (2024)
Kimberly French
Officer
Officer → President, 2021
President → Officer, 2022
On filings since 2019
1 hr/week
$6K (2019) → $8K (2024)
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $8K, to Jerry E French (President). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Wood Foundation Inc
How much does Wood Foundation Inc give each year?
Wood Foundation Inc gave $675K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $620K across 8 grants.
What is Wood Foundation Inc's typical grant size?
Wood Foundation Inc's median grant in 2024 was $80,000, and its average grant was $96,429, across 7 grants on its 2024 IRS Form 990-PF.
Where does Wood Foundation Inc give grants?
Wood Foundation Inc gives mostly in Michigan: 88% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Indiana (12%). The most frequent recipient cities were Niles, MI (4 grants) and St Joseph, MI (2 grants).
Does Wood Foundation Inc give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Wood Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
Who are Wood Foundation Inc's largest grantees?
Wood Foundation Inc's largest 2024 grantees include Salvation Army-Niles Facility ($250,000), Curious Kids Musuem ($200,000) and Corewell Health Care Center ($100,000), according to its 2024 IRS Form 990-PF. Together they received 81% of its itemized 2024 grant dollars.
How large is Wood Foundation Inc?
Wood Foundation Inc reported $12.9M in total assets on its 2024 IRS Form 990-PF. It paid out $770K in qualifying distributions that year, against a required minimum of $861K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Wood Foundation Inc's EIN?
Wood Foundation Inc's EIN (Employer Identification Number) is 33-1067481. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 8, 2020)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Wood Foundation Inc funds
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