Wood Family Foundation Grant: Intent to Apply

Wood Family Foundation Grant: Intent to Apply

Status: ACTIVE
Funder: Wood Family Foundation Inc
Last Updated: June 02, 2025

Summary

The Wood Family Foundation Grant offers support primarily to organizations in Odessa, Texas, and surrounding Permian Basin areas. Eligible applicants must be IRS-designated 501(c)(3) nonprofits or government municipalities. The foundation prioritizes educational and healthcare initiatives, requiring organizations to secure partial funding before applying. It does not fund individuals or duplicate requests within a fiscal year. Since its inception, the foundation has reinvested over $18 million into community development, focusing on sustainable impact.

Overview

NOTE: Letter of Inquiry - This deadline represents the Intent to Apply. Any organization that has received funding from the Wood Family Foundation in the last two fiscal years or any nonprofit organization located within Ector County will be asked to submit an “Intent to Apply” prior to receiving the application form. Wood Family Foundation Grant: Intent to Apply Who We Are The Wood Family Foundation is the realization of a dream by Odessans Clay and Louise Wood and their family to help support worthwhile community causes for generations of West Texans now and in the future. Working together as a family along with sons Jack and Don, the Woods achieved financial success through old fashioned hard work and frugality in numerous industries including fuel distribution, oil and gas investments, banking, real estate, convenience stores and more. An integral part of the Permian Basin community for many decades, the family’s legacy continues to reinvest in the region and give back to West Texans by supporting those needs and causes that make Odessa and all of the Permian Basin a better place to live and raise our families. Our Impact Since the formation of the Wood Family Foundation, over $18 million has been reinvested into our community to improve the lives of men, women and children. With our major objectives focused on education and healthcare, the Foundation helps families, and Odessa, grow and prosper.

Eligibility

You can learn more about this opportunity by visiting the funder's website. At this time, the Wood Family Foundation giving is focused on Odessa, Texas and the surrounding counties of the Permian Basin. Applicant organizations must be determined by the Internal Revenue Service to be exempt from federal income tax. Applicants must provide a copy of their IRS Determination Letter of Ruling identifying their organization as exempt under section 501(c)(3) and exempt from Private Foundation Status under Section 509(a). Applicants who are exempt under a Government Municipality must also provide proof of such. Any major capital campaign seeking to raise $1 million or more must raise approximately one-half of the needed funds prior to application to the foundation. All requests from universities or colleges should be approved by the development office of the university or college and submitted to our offices under a cover letter from the development office.The Foundation generally limits its giving to primarily educational and medical grants that provide benefits to the citizens of Odessa, Texas, and the surrounding Permian Basin area. Applicants must seek funding for the same proposal from various sources, as sole support of programs is rarely undertaken. Due to the number and magnitude of requests received each year, the Foundation cannot respond favorably to all requests. Thus, grants are made without any commitment for future support of operations or specific projects.Organizations may not apply for the same or similar funding more than once within the Foundation’s fiscal year.

Ineligibility

The Foundation does not make loans or grants to individuals.