Woodward Foundation Inc
Woodward Foundation Inc is a private foundation, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $523K in total assets. In 2024, it awarded 13 grants totaling $29K. Net investment income was $19K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$523K
+1.1% YoY
Annual Giving
$29K
+6.1% YoY
Grant Count
13
+8.3% YoY
Avg Grant Size
$2K
-2.0% YoY
Under IRS private-foundation payout rules, Woodward Foundation Inc reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
About Woodward Foundation Inc
Based on IRS filings
Woodward Foundation Inc is a private foundation, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $523K in total assets. In 2024, it awarded 13 grants totaling $29K. Net investment income was $19K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $522,901 | $517,391 | $525,103 |
| Revenue | $34,304 | $20,703 | $19,056 |
| Expenses | $30,494 | $28,616 | $28,319 |
| Qualifying Distributions | $30,494 | $28,616 | $28,319 |
| Net Investment Income | $19,304 | $10,703 | $9,056 |
| Distributable Amount | $29,116 | $27,525 | $27,374 |
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
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Independent Medical Alliance ($4,000), Judicial Watch ($3,000), Hillsdale College ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| The Virginia Home Richmond, VA | Residential Care for the Disabled | $2,000 |
| Virginia Special Olympics Henrico, VA | Sports Programs for the Disabled | $1,000 |
| The Heritage Foundation Washington, DC | Educational | $2,500 |
| The Leadership Institute Arlington, VA | Educational | $2,500 |
| Judicial Watch Washington, DC | Educational | $3,000 |
| Network of Enlightened Women Washington, DC | Educational | $1,000 |
| Independent Medical Alliance Washington, DC | Health | $4,000 |
| Virginia Home for Boys and Girls Henrico, VA | Boys and Girls Welfare | $2,000 |
| Virginia Museum of Fine Arts Richmond, VA | Fine Arts Museum | $1,000 |
| CancerLINC Richmond, VA | Support Services for Cancer Patients | $2,400 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Carol D Woodward | Pres, Secy, Treas VP Director | 1 | — |
Frequently Asked Questions
How large is Woodward Foundation Inc?
As of 2024, Woodward Foundation Inc holds $523K in total assets with $34K in annual revenue. It awarded 13 grants totaling $29K in 2024.
Where does Woodward Foundation Inc operate?
Woodward Foundation Inc has awarded grants in District of Columbia, Delaware, Maryland, Michigan, New Jersey, Virginia.
What size grants does Woodward Foundation Inc award?
In 2024, Woodward Foundation Inc awarded 13 grants totaling $29K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Woodward Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Woodward Foundation Inc reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Woodward Foundation Inc's EIN?
Woodward Foundation Inc's EIN (Employer Identification Number) is 54-1154689. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Woodward Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.