Woodruff Foundation
- Assets
- $12.2m
- Revenue
- $1.2m
- Investments
- $11.8m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 02/1975
- Data as of
- 12/2023
- EIN
- 23-7425631
Organization Overview
Woodruff Foundation is located in Cleveland, OH. The organization was established in 1975. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodruff Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Woodruff Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $833.7k during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Woodruff Foundation has awarded 218 individual grants totaling $4,457,511. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Wimbiscus MD Trustee | 1 | $0 | |
Lovell Custard Trustee | 1 | $0 | |
Habeebah Rasheed Grimes Trustee | 1 | $0 | |
Vanessa Jensen Psyd Trustee | 1 | $0 | |
Laurel Domanski Diaz President | 1 | $0 | |
Janet Lowder Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Management Services | 12/30/23 | $101,520 |
Bernstein | 12/30/23 | $21,541 |
Robert W Baird & Company | 12/30/23 | $23,808 |
Bernstein | 12/30/23 | $0 |
Foundation Management Services | 12/30/23 | $0 |
Robert W Baird & Company | 12/30/23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $370,443 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $860,409 |
| Capital Gain Net Income | $860,409 |
| Net ST Capital Gain | $42,957 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $150 |
| Total Revenue | $1,231,002 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $113,867 |
| Total operating and administrative expenses | $166,716 |
| Contributions, gifts, grants paid | $666,960 |
| Total expenses and disbursements | $833,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $353,812 |
| Net Accounts receivable | $39,017 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,156,735 |
| Accounts payable and accrued expenses | $15,006 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,006 |
Grants Awarded
Over the last fiscal year, Woodruff Foundation has awarded $666,960 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
LUTHERAN METROPOLITAN MINISTRY PURPOSE: TO PROVIDE GUARDIANSHIP SUPPORT TO VULNERABLE ADULTS | $18,000 |
MENTAL HEALTH & ADDICTION ADVOCACY COAL PURPOSE: FOR RESEARCH AND ADVOCACY TO INCREASE ACCESS TO BEHAVIORAL HEALTH SERVICES | $60,000 |
ALCOHOL DRUG ADDITIONMENTAL HLTH SVC PURPOSE: FOR RECRUITMENT AND RETENTION LEARNING COLLABORATIVE AND CHILD PARENT PSYCHOTHERAPY TRAINING | $13,960 |
POSITIVE EDUCATION PROGRAM PURPOSE: TO PROVIDE EARLY CHILDHOOD CONSULTATION IN PUBLIC SCHOOL DISTRICTS | $30,000 |
STELLA MARIS PURPOSE: FOR SUBSTANCE ABUSE TREATMENT SERVICES | $30,000 |
LGBT COMMUNITY CENTER OF GREATER CLEVELA PURPOSE: TO PROVIDE ACCESS TO AFFIRMING AND CULTURALLY SENSITIVE MENTAL HEALTH SERVICES TO LGBTQ+ YOUTH | $50,000 |