About Wood Family Foundation
The Wood Family Foundation concentrates its giving in the Permian Basin (Odessa area) with a strong emphasis on K–higher education, workforce preparation, and local civic institutions. They fund capital projects and scholarships at local colleges, charter school operations, and cultural organizations, while also investing in nonprofit capacity building to strengthen the regional ecosystem. The foundation favors large, targeted investments that bolster local educational pipelines and community assets.
Focus Areas
Community college capital projects and health & science facilities in OdessaK–12 charter school operations (IDEA Public Schools in the Permian Basin)Scholarships and student support at University of Texas Permian Basin and Odessa CollegeRegional arts and cultural institution support (Ellen Noel Art Museum)Nonprofit capacity building and management support for local service organizations
Who They Fund
university students (scholarship recipients)health and science studentsbusiness college students
About Wood Family Foundation
Wood Family Foundation Inc. concentrates its recent giving around Odessa and the wider Permian Basin, with repeated large commitments to Odessa College, Odessa College Foundation, and the University of Texas Permian Basin. The pattern is clear in the major grants: the foundation backs health and science facilities, scholarship funds, charter school operations, and local nonprofit infrastructure. That mix shows a funder building educational pathways from K–12 through college while also supporting institutions that serve the region’s civic life. The foundation’s support for Odessa College includes both the OC Wood Health & Science Building and Dollars for Scholars, signaling attention to campus infrastructure and student aid at the same time. At the University of Texas Permian Basin, grants labeled Scholarships point to a sustained role in helping students stay enrolled. Beyond higher education, the foundation has funded Idea Public Schools operations and provided operating support to the Ellen Noel Art Museum and the Nonprofit Management Center. The result is a grantmaking profile centered on local institutions that shape education, culture, and nonprofit capacity in West Texas.
What Wood Family Foundation Funds
Education is the clearest theme in the recent grants. Wood Family Foundation Inc. gave $700,000 to Odessa College Foundation for Dollars for Scholars and $700,000 to Odessa College for the OC Wood Health & Science Blding, pairing student support with campus facilities. Higher education scholarships also appear at the University of Texas Permian Basin, where the foundation made multiple grants of $462,500 and $125,000 for scholarships. In K–12 education, Idea Public Schools received repeated operating support of $428,571. The foundation also funds community institutions beyond schools: The Ellen Noel Art Museum received operating grants of $201,000 and $200,000, while the Nonprofit Management Center in Midland received operating grants of $200,500 and $200,000.
How Wood Family Foundation Gives
The grant-size distribution is weighted toward larger awards, with a p25 of $5,000, a median of $20,000, and a p75 of $100,000. The recent grant list shows repeated support to the same organizations across multiple years, including Odessa College, Odessa College Foundation, the University of Texas Permian Basin, Idea Public Schools, The Ellen Noel Art Museum, and the Nonprofit Management Center. That recurring pattern suggests ongoing institutional relationships rather than one-off gifts. The foundation gives through a general grant program and related competitive cycles; those programs accept unsolicited applications. It also funds individuals, which broadens the structure beyond organizational grants.
Financial Snapshot
Annual Giving
$2.4M
Total Assets
$45.4M
Total Revenue
$4.8M
Total Expenses
$3.4M
Typical Grant Size
Most grants fall between $5K and $100K, with a median of $20K.
25th Percentile
$5K
Median
$20K
75th Percentile
$100K
Geographic Reach
Local4 states funded
Funding intensity
LowHigh
Headquarters
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