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Luby & Catherine Wood Family Foundation is a private corporation based in HUNTERSVILLE, NC. The foundation received its IRS ruling in 2022. The principal officer is Reid Wood. It holds total assets of $6.5M. Annual income is reported at $4.4M. Total assets have grown from N/A in 2021 to $4.4M in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. According to available records, Luby & Catherine Wood Family Foundation has made 8 grants totaling $1M, with a median grant of $115K. Individual grants have ranged from $4K to $279K, with an average award of $128K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Luby & Catherine Wood Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in NC.
Luby & Catherine Wood Family Foundation has distributed a total of $1M across 8 grants. The median grant size is $115K, with an average of $128K. Individual grants have ranged from $4K to $279K.
Luby & Catherine Wood Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Luby & Catherine Wood Family Foundation is headquartered in HUNTERSVILLE, NC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Luby Wood | DIRECTOR | $0 | $0 | N/A |
| Catherine Wood | DIRECTOR | $0 | $0 | N/A |
| Reid Wood | DIRECTOR | $0 | $0 | N/A |
| Deborah Wood | DIRECTOR | $0 | $0 | N/A |
Total Giving
$569K
Total Assets
$4.4M
Fair Market Value
$7.8M
Net Worth
$4.4M
Grants Paid
$498K
Contributions
N/A
Net Investment Income
$2.2M
Distribution Amount
$343K
Total: $2.4M
Total Grants
8
Total Giving
$1M
Average Grant
$128K
Median Grant
$115K
Unique Recipients
3
Most Common Grant
$279K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Johnston Community College FoundationSCHOLARSHIP | Smithfield, NC | $279K | 2022 |
| Campbell University IncSCHOLARSHIP | Buies Creek, NC | $220K | 2022 |
| Mecklenburg County Council Boy Scouts Of AmericaTO SUPPORT CREATION OF MEDITATION GARDEN. | Charlotte, NC | $10K | 2022 |