Woodward Foundation Inc

RICHMOND, VA EIN: 54-1154689

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

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $77K (55%)

District of Columbia $28K (20%)

Michigan $14K (10%)

New Jersey $13K (9%)

Delaware $9K (6%)

Maryland $1K (1%)

States

District of Columbia Delaware Maryland Michigan New Jersey Virginia

Cities

AnnapolisArlingtonDoverFranklin LakesHenricoHillsdaleLewesRehoboth BeachRichmndRichmondVirginia BeachWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.