Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
Charles R Wood Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

22-2237193
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$52,484,813J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 50
2 Check right arrow.............
3 Interest on savings and temporary cash investments 184,090 184,090  
4 Dividends and interest from securities... 985,935 985,935  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,105,967
b Gross sales price for all assets on line 6a 32,661,069
7 Capital gain net income (from Part IV, line 2)... 4,155,613
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
201,367 190,998  
12 Total. Add lines 1 through 11........ 5,477,409 5,516,636  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,760 1,760 0 0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
183,646 183,646    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
87,885 688    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
65,295    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 6,107     6,107
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
200,072 63,544   108,788
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 544,765 249,638 0 114,895
25 Contributions, gifts, grants paid....... 1,968,105 1,968,105
26 Total expenses and disbursements. Add lines 24 and 25 2,512,870 249,638 0 2,083,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,964,539
b Net investment income (if negative, enter -0-) 5,266,998
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,726,266 1,150,671 1,150,671
3 Accounts receivable right arrow3,660
Less: allowance for doubtful accounts right arrow   2,849,454 3,660 3,660
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 200,036 Click to see attachment
List of Attached Documents:
// Content
4,627,008 		4,664,929
b Investments—corporate stock (attach schedule)....... 35,035,260 Click to see attachment
List of Attached Documents:
// Content
34,905,268 		41,479,885
c Investments—corporate bonds (attach schedule)....... 729,884 Click to see attachment
List of Attached Documents:
// Content
2,565,928 		2,578,809
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,301,178 Click to see attachment
List of Attached Documents:
// Content
1,619,377 		2,506,859
14 Land, buildings, and equipment: basis right arrow3,270,276
Less: accumulated depreciation (attach schedule) right arrow2,403,127 932,444 Click to see attachment
List of Attached Documents:
// Content
867,149 		100,000
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 42,774,522 45,739,061 52,484,813
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 42,774,522 45,739,061
29 Total net assets or fund balances (see instructions)..... 42,774,522 45,739,061
30 Total liabilities and net assets/fund balances (see instructions). 42,774,522 45,739,061
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
42,774,522
2
Enter amount from Part I, line 27a .....................
2
2,964,539
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
45,739,061
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
45,739,061
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c SEC 751 GAIN ON SALE OF PTSHP RECLASS      
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 32,661,069   28,570,288 4,090,781
b       64,851
c       -19
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       4,090,781
b        
c        
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 4,155,613
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 73,211
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 73,211
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 73,211
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 70,300
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,500
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 74,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 1,589
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow1,589 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Mark Behan Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Tenee Casaccio Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Reeves Courtney Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Chelsea Hoopes Silver Trustee, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
David Howson Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jennifer Lefner Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Barbara W Wages Pres, Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
C Braden Wages Trustee, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Page Wages Trustee, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Heather Ward Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Charlene Wood Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
Foundation Source Administrative 102,795
55 Walls Drive suite 302
Fairfield,CT06824
Wilmington Trust Advisory Services Investment Mgmt 87,444
1100 North Market Street
WILMINGTON,DE19890
Glens Falls National Investment Mgmt 67,791
250 GLEN STREET PO BOX 2161
GLEN FALLS,NY12801
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
45,533,046
b
Average of monthly cash balances.......................
1b
3,321,076
c
Fair market value of all other assets (see instructions)................
1c
2,408,873
d
Total (add lines 1a, b, and c).........................
1d
51,262,995
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
51,262,995
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
768,945
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
50,494,050
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,524,703
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,524,703
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
73,211
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
112
c
Add lines 2a and 2b............................
2c
73,323
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,451,380
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,451,380
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,451,380
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,083,000
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,083,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 2,451,380
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 2,071,882
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,083,000
a Applied to 2023, but not more than line 2a 2,071,882
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 11,118
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		2,440,262
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024.... 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
FOUNDATION SOURCE
55 WALLS DRIVE Suite 302
FAIRFIELD,CT06824
PREMIERSUPPORT@FOUNDATIONSOURCE.COM
bThe form in which applications should be submitted and information and materials they should include:
WWW.CHARLESRWOODFOUNDATION.COM
cAny submission deadlines:
WWW.CHARLESRWOODFOUNDATION.COM
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
WWW.CHARLESRWOODFOUNDATION.COM
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ADIRONDACK CENTER FOR WRITING INC

PO BOX 956
SARANAC LAKE,NY12983 		N/A PC ACW's High School Writing Retreat 1,000

ADIRONDACK FOLK SCHOOL INCORPORATED

PO BOX 2
LAKE LUZERNE,NY12846 		N/A PC AFS Building Expansion 25,000

ADIRONDACK LAKES CENTER FOR THE ARTS

3446 STATE RTE 28
BLUE MTN LAKE,NY12812 		N/A PC Adirondack Lakes Center for the Arts Purchase of Potters Resort Project (ALCAPPRP) 25,000

ADIRONDACK MEDICAL CENTER FOUNDATION

PO BOX 120
SARANAC LAKE,NY12983 		N/A SO I Cornerstone Campaign 40,000

ALBANY MED HEALTH SYSTEM

100 PARK ST
GLENS FALLS,NY12801 		N/A SO II Sheridan Emergency Department Renovation and Expansion 500,000

ALBANY SYMPHONY ORCHESTRA INC

19 CLINTON AVE
ALBANY,NY12207 		N/A PC Tiny Tots Concerts 2,500

BIG BROTHERS BIG SISTERS OF THE SOUTHERN ADIRONDAC

1 LAWRENCE ST SUITE 1B
GLENS FALLS,NY12801 		N/A PC Group Mentoring 20,000

CALDWELL LAKE GEORGE LIBRARY

336 CANADA ST
LAKE GEORGE,NY12845 		N/A PC Children's Enrichment Programming & Materials at Caldwell-Lake George Library 5,000

CAMP ABILITIES SARATOGA INC

PO BOX 601
SARATOGA SPGS,NY12866 		N/A PC Camp Abilities Saratoga, Inc. 5,000

CAROGA ARTS COLLECTIVE INC

PO BOX 1048
CAROGA LAKE,NY12032 		N/A PC Gloversville String Project & Arts Collaborative E 5,000

CATHOLIC CHARITIES OF THE DIOCESE OF ODGENSBURG

214 CAROLINE ST
OGDENSBURG,NY13669 		N/A PC Catholic Charities Medical Transportation Program 5,000

CENTER FOR DISABILITY SERVICES INC

314 SMANNING BLVD
ALBANY,NY12208 		N/A PC Kitchenette Renovation 7,230

CHAMPLAIN AREA TRAILS INC

PO BOX 193
WESTPORT,NY12993 		N/A PC CATS for Kids: Free Outdoor Programming for Youth 3,000

CHAMPLAIN CHILDRENS LEARNING CENTER INC

10 CLINTON ST
ROUSES POINT,NY12979 		N/A PC Playground upgrades 4,000

CHAZY YOUTH HOCKEY INC

PO BOX 462
CHAZY,NY12921 		N/A PC Chazy Youth Hockey Scotts' Memorial Rink Updates and Renovation 4,000

CORINTH AIMS TO REACH EVERYONE INC

105 OAK ST
CORINTH,NY12822 		N/A PC Combating Food Insecurity Among Students in Corinth, NY 6,860

CRAIGARDAN INC

9216 NYS RTE 9N
ELIZABETHTOWN,NY12932 		N/A PC The Main House Capital Project 25,000

CVPH FOUNDATION INC

75 BEEKMAN ST
PLATTSBURGH,NY12901 		N/A PC CVPH Cardiac & Pulmonary Rehabilitation 50,000

DOLLYWOOD FOUNDATION

111 E MAIN ST STE 2
SEVIERVILLE,TN37862 		N/A PC Imagination Library Program in the New York counties of Essex, Clinton, Franklin and Hamilton 110,000

DOUBLE H - HOLE IN THE WOODS RANCH INC

97 HIDDEN VALLEY RD
LAKE LUZERNE,NY12846 		N/A PC Capital Campaign-Ray-Max Camp-a-Theater 100,000

FAMILY YMCA OF THE GLENS FALLS AREA

600 GLEN ST
GLENS FALLS,NY12801 		N/A PC No More Learning Gap 5,000

FAMILY YMCA OF THE GLENS FALLS AREA

600 GLEN ST
GLENS FALLS,NY12801 		N/A PC Capital Project: Building A Better Future for the 150,000

FORT ANN RESCUE SQUAD INC

PO BOX 237
FORT ANN,NY12827 		N/A PC LUCAS System 19,000

FOUNDATION OF FULTON-MONTGOMERY COMMUNITY COLLEGE

2805 STATE HWY 67
JOHNSTOWN,NY12095 		N/A PC Enhancing Healthcare Education and Training at SUNY Fulton-Montgomery 32,500

FRANKLIN COMMUNITY CENTER INC

95 WASHINGTON ST
SARATOGA SPRINGS,NY12866 		N/A PC Project Lift Afterschool Program - Elevating Youth 2,500

FRIENDS OF UP YONDA FARM INC

PO BOX 1689
BOLTON LNDG,NY12814 		N/A PC Base Loop Trail Interpretive Signage 3,300

GFCSD BACKPACK PROGRAM INC

20 QUADE ST
GLENS FALLS,NY12801 		N/A PC GFCSD Backpack Program 15,000

GLEN FALLS OPERETTA CLUB INC

PO BOX 687
GLENS FALLS,NY12801 		N/A PC Wireless Microphone System Upgrade for use in the Wood Theatre 5,000

GLENS FALLS AREA YOUTH CENTER INC

PO BOX 469
GLENS FALLS,NY12801 		N/A PC Health and Wellness Program - Food and Art Therapy 18,000

GLENS FALLS QUEENSBURY HISTORICAL ASSOCIATION

348 GLEN ST
GLENS FALLS,NY12801 		N/A PC Children's Programs; Remote Access and Engagement-Video Production expenses 2,800

GRANVILLE ENGINE & HOSE CO NO 1 INC

42 QUAKER ST
GRANVILLE,NY12832 		N/A PC Extrication Tools 15,000

GREATER BENNINGTON INTERFAITH COMMUNITY SERVICES I

PO BOX 702
BENNINGTON,VT05201 		N/A PC Food pantry meals 3,400

HISTORIC SALEM COURTHOUSE PRESERVATION ASSOCIATION

PO BOX 140
SALEM,NY12865 		N/A PC Ensuring Safety and Fostering Community 15,000

HUDSON HEADWATERS HEALTH NETWORK

9 CAREY RD
QUEENSBURY,NY12804 		N/A PC Expanded Women's Health Services in the Greater Glens Falls and Southern Adirondack Regions 40,000

INDIAN LAKE THEATER INC

6311 NYS RTE 30
INDIAN LAKE,NY12842 		N/A PC Indian Lake Read & Watch Program 2,520

JUSTICE FOR ORPHANS INC

38 FARES RD
RAVENA,NY12143 		N/A PC Expansion of CarePortal to Serve Warren and Washington County Children in Crisis 5,000

KEENE VALLEY NEIGHBORHOOD SERVICES INC

1782 NYS RTE 73
KEENE VALLEY,NY12943 		N/A PC Walk-in Cooler & Freezer Upgrade 8,250

LAKE GEORGE ARTS PROJECT INC

1 AMHERST ST
LAKE GEORGE,NY12845 		N/A PC Jazz at the Lake 5,000

LAKE GEORGE MUSIC FESTIVAL

7 STONE PINE LN
QUEENSBURY,NY12804 		N/A PC Jessie Montgomery - Lake George Music Festival 5,000

LAKE GEORGE OPERA FESTIVAL ASSOCIATION INC

19 ROOSEVELT DR STE 215
SARATOGA SPGS,NY12866 		N/A PC Opera Saratoga Summer Festival 5,000

LAKE PLACID ASSOCIATION FOR MUSIC DRAMA & ART INC

17 ALGONQUIN DR
LAKE PLACID,NY12946 		N/A PC Renovation of the Lake Placid Center for the Arts' Education Space 50,000

MERCY CARE FOR THE ADIRONDACKS INC

185 OLD MILITARY RD
LAKE PLACID,NY12946 		N/A PC Age-friendly Communities Initiative in the Adirondack Tri-Lakes Region 2,500

MOREAU EMERGENCY SQUAD INC

1583 RTE 9
MOREAU,NY12828 		N/A PC Stryker PhysioControl LUCAS 3 Mechanical Chest Compression System 16,500

MORIAH CENTRAL SCHOOL DISTRICT

39 VIKING LN
PORT HENRY,NY12974 		N/A GOV Backpacks for at Risk Children 1,250

NEW YORK FOUNDATION FOR THE ARTS INC

29 W 38TH ST 9TH FLOOR
NEW YORK,NY10018 		N/A PC Improv Spaces Music Festival 1,000

NORTH COUNTRY CULTURAL CENTER FOR THE ARTS

23 BRINKERHOFF ST
PLATTSBURGH,NY12901 		N/A PC Strand Center for the Arts Theatre Lighting Upgrade 10,000

OLD FORGE LIBRARY

220 CROSBY BLVD
OLD FORGE,NY13420 		N/A PC Offsite Juvenile Learning Initiative to Grow Community Engagement 1,000

PENDRAGON INC

15 BRANDY BRK
SARANAC LAKE,NY12983 		N/A PC Relocation of Pendragon Theatre 50,000

PERU CENTRAL SCHOOL DISTRICT

17 SCHOOL ST PO BOX 68
PERU,NY12972 		N/A GOV Backpack Program 3,000

QUEENSBURY SENIOR CITIZENS INC

742 BAY RD
QUEENSBURY,NY12804 		N/A PC The Aging Well Initiative 2,500

REBUILDING TOGETHER-SARATOGA COUNTY

132 MILTON AVE
BALLSTON SPA,NY12020 		N/A PC Repairs for Low-Income Families with Children in Warren County 15,000

REGIONAL FOOD BANK OF N E NY INC

965 ALBANY SHAKER RD
LATHAM,NY12110 		N/A PC To support specified Adopt-a-Program funds 145,600

RONALD MCDONALD HOUSE CHARITIES OF THE CAPITAL REG

139 S LAKE AVE
ALBANY,NY12208 		N/A PC Generator for Ronald McDonald Family Retreat at Krantz Cottage 6,000

RUTLAND AREA FOODSHELF

65 RIVER ST
RUTLAND,VT05701 		N/A PC To support the Community Cupboard 3,400

SAGAMORE INSTITUTE OF THE ADIRONDACKS INC

1033 SAGAMORE RD
RAQUETTE LAKE,NY13436 		N/A PC Great Camp Sagamore's Summer Concert Series 1,000

SARANAC LAKE ROTARY FOUNDATION INC

PO BOX 310
RAYBROOK,NY12977 		N/A PC Norther Current Fifth Anniversary 500

SARATOGA CHILDRENS LITERACY LEAGUE INC

139 SPRING ST
SARATOGA SPGS,NY12866 		N/A PC Clifford and Ollie's Book Bus - Traveling Book Bus 5,000

SARATOGA SHREDDERS

150 MEDBURY RD
PORTER CORS,NY12859 		N/A PC Helmets for the Bikes in PE Program at Maple Ave Middle School 1,500

SEAGLE MUSIC COLONY INC

999 CHARLEY HILL RD
SCHROON LAKE,NY12870 		N/A PC Monkey and Francine in the City of Tigers - A Children's Opera 5,000

SILVER BAY ASSOCIATION FOR CHRISTIAN CONFERENCE AN

87 SILVERBAY RD
SILVER BAY,NY12874 		N/A PC Silver Bay YMCA Teen Center 5,000

SOUTHERN VERMONT ARTS CENTER INCORPORATED

PO BOX 617
MANCHESTER,VT05254 		N/A PC Youth Arts Education Programs and Scholarships 2,500

SPECIAL OLYMPICS NEW YORK INC

94 NEW KARNER RD STE 208
ALBANY,NY12203 		N/A PC Lake George Region Young Athletes and Unified Program Support and Expansion 10,000

ST JOHNS EPISCOPAL CHURCH

ONE N MARKET ST PO BOX 395
JOHNSTOWN,NY12095 		N/A PC One Church Street Project 25,000

ST LAWRENCE COUNTY ARTS COUNCIL

6 RAYMOND ST
POTSDAM,NY13676 		N/A PC SLC Arts Creative Spirit Community Arts Center Capital Campaign 25,000

SUNNYVIEW HOSPITAL AND REHABILITATION CENTER FOUND

1270 BELMONT AVE
SCHENECTADY,NY12308 		N/A SO I Stabilizing Care: Providing Cutting-Edge Technology to Assist those Living with Balance and Vestibular Issues 15,845

THE DEPOT THEATRE INC

PO BOX 414
WESTPORT,NY12993 		N/A PC Depot Theatre Academy: Year Round Arts-In-Education Expansion 15,000

THE HYDE COLLECTION TRUST

161 WARREN ST
GLENS FALLS,NY12801 		N/A PC The Hyde Center for Arts Education - Hoopes House 150,000

THERA-PETS INC

PO BOX 319
PERU,NY12972 		N/A PC Pole Barn / Handicap Accessible. 5,000

TICONDEROGA ARTS INC

PO BOX 335
TICONDEROGA,NY12883 		N/A PC 11th Annual Adirondack Harvest Plein Air Festival 1,500

TICONDEROGA CENTRAL SCHOOL DISTRICT

5 CALKINS PL
TICONDEROGA,NY12883 		N/A GOV Ticonderoga Area Backpack Program 17,750

TICONDEROGA FESTIVAL GUILD INC

PO BOX 125
TICONDEROGA,NY12883 		N/A PC Free Summer Concerts 1,000

TICONDEROGA MAIN STREET PARTNERSHIP INC

PO BOX 379
TICONDEROGA,NY12883 		N/A PC TMSP Festivals/Events & Program Support 1,500

TOWN OF LAKE GEORGE

20 OLD POST RD
LAKE GEORGE,NY12845 		N/A GOV Stryker Lucas 3 Chest Compression Devices Purchase 16,500

TOWN OF LAKE GEORGE

20 OLD POST RD
LAKE GEORGE,NY12845 		N/A GOV Lake George Historical Museum ADA Compliant Ramp 10,000

TOWN OF LAKE LUZERNE

PO BOX 370
LAKE LUZERNE,NY12846 		N/A GOV Lake Luzerne Destination Playground 5,000

TRI-COUNTY UNITED WAY INC

543 GLEN ST
GLENS FALLS,NY12801 		N/A PC Kids with Packs Program 5,000

TROY CHILDRENS CHORUS INC

1917 5TH AVE
TROY,NY12180 		N/A PC Vocal Educational Enhancement 500

UPPER VALLEY HAVEN INC

713 HARTFORD AVE
WHITE RIVER JUNCTION,VT05001 		N/A PC To support food pantry meals served 3,400

VERMONT SYMPHONY ORCHESTRA INC

2 CHURCH ST STE 3B
BURLINGTON,VT05401 		N/A PC Student Insiders Sponsorship 1,000

VILLAGE OF SARANAC LAKE

39 MAIN ST STE 9
SARANAC LAKE,NY12983 		N/A GOV Saranac Lake Local Development Corp - Music on the Green Summer Concert Series 1,000

WESTON PLAYHOUSE THEATRE

703 MAIN ST
WESTON,VT05161 		N/A PC Weston Theater Company - Young Company Tour 2,500

WINGS FALLS QUILTERS GUILD

PO BOX 4193
QUEENSBURY,NY12804 		N/A PC Community Service Projects 1,500

YWCA OF SCHENECTADY

44 WASHINGTON AVE
SCHENECTADY,NY12305 		N/A PC Early Learning Expansion Project 25,000
Total .................................right arrow 3a 1,968,105
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 184,090  
4 Dividends and interest from securities ....     14 985,935  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990 6,003 18 4,099,964  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 9,427 14 15,289  
bFederal Tax Refund     01 720  
cCLASS ACTION LAWSUIT PROCEEDS     01 175,712  
dSTATE TAX REFUND     01 200  
eSEC 751 GAIN ON SALE OF PTSHP 525990 19      
12 Subtotal. Add columns (b), (d), and (e) .. 15,449 5,461,910  
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,477,359
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
Charles R Wood Foundation
EIN:
22-2237193
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
BUILDING - DOUBLE   2,611,800 2,024,145 SL 40 65,295      
FURNITURE AND FIXT   149,379 149,379 SL          
LAND - DOUBLE H RA   344,789   L          
LAND IMP - DOUBLE   64,886 64,886 SL 30        
MACHINERY & EQUIPM   99,422 99,422 SL          

TY 2024 GeneralExplanationAttachment
Name:
Charles R Wood Foundation
EIN:
22-2237193
Identifier Return Reference Explanation
Form 990-PF FORM 990-PF ONE OR MORE PARTNERSHIPS HAVE PROVIDED A SCHEDULE K-3 FOR THE TAX YEAR IN WHICH THEY HAVE CHECKED ONE OR MORE OF THE BOXES IN PART I BUT NOT PROVIDED SUFFICIENT BACK-UP INFORMATION TO ALLOW THE FOUNDATION TO VERIFY WHY SUCH BOXES WERE CHECKED OR THE EXTENT TO WHICH THE CHECKING OF SUCH BOXES AFFECTS ANY ITEM ON THIS RETURN. THE FOUNDATION HAS PREPARED THIS RETURN TO THE BEST OF ITS ABILITY AND WITHOUT ANY FOREIGN FILINGS FOR SUCH PARTNERSHIPS BASED ON THE INFORMATION PROVIDED TO IT BY THESE PARTNERSHIPS AND ON THE BASIS OF HAVING RECEIVED NO INFORMATION TO THE CONTRARY. ANY MISSING OR INCOMPLETE INFORMATION IS DUE TO THE FOUNDATION'S INABILITY TO OBTAIN SUCH INFORMATION AND IS NOT WILLFUL ATTEMPT TO WITHHOLD SUCH INFORMATION.

TY 2024 InvestmentsCorpBondsSchedule
Name:
Charles R Wood Foundation
EIN:
22-2237193
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBVIE - 3.200% - 11/21/2029 91,148 92,815
ABBVIE INC - 4.950% - 03/15/20 24,951 25,000
AMAZON COM INC - 1.500% - 06/0 20,748 21,209
AMERICAN HONDA FIN CORP SER A 31,899 33,081
AMERICAN TOWER CORP - 5.000% - 9,962 9,943
AMGEN INC - 2.450% - 02/21/203 29,929 30,940
APPLIED MATERIALS INC - 3.300% 101,449 97,442
ASTRAZENECA FINANCE LLC - 1.75 22,108 22,684
BANK NOVA SCOTIA B C - 4.740% 39,687 38,699
BANK OF AMERICA CORP - 2.496% 21,424 21,979
BANK OF MONTREAL SER F MTN - 2 46,481 47,989
BANK OF NEW YORK - 5.834% - 10 25,928 25,895
BECTON DICKINSON & CO - 5.110% 24,661 24,632
CANADIAN IMPERIAL BANK CONVERT 35,562 35,375
CAPITAL ONE FINL CORP NT - 1.8 37,756 37,791
CHURCH & DWIGHT - 3.150% - 08/ 23,534 24,185
CITIGROUP INC NOTE - 1.122% - 23,123 24,008
COMERICA INC - 5.982% - 01/30/ 30,677 30,336
CROWN CASTLE INC - 5.100% - 05 24,186 24,363
DH EUROPE FIN II - 2.600% - 11 30,700 31,655
DIGITAL RLTY TR LP NOTE CALL M 33,566 33,111
DTE ENERGY - 2.850% - 10/01/20 23,620 24,217
DUKE ENERGY CORP - 5.750% - 09 25,569 25,648
ELEVANCE HEALTH INC - 2.550% - 21,239 21,451
ENERGY TRANSFER LP NOTE - 5.25 35,608 35,167
ENTERGY CORP - 2.950% - 09/01/ 47,319 48,519
ENTERPRISE PRODS OPER LLC NOTE 22,903 23,264
EXELON CORP - 5.450% - 03/15/2 24,653 24,942
FLPRIDA PWR - 4.625% - 05/15/2 34,176 34,684
GENERAL DYNAMICS CORP - 3.625% 23,128 23,605
GILEAD SCIENCES - 5.250% - 10/ 25,295 25,090
HELMERICH PAYNE - 4.450% - 09/ 29,954 29,847
HOME DEPOT INC - 2.700% - 04/1 89,751 90,039
HUNTINGTON BANCSHARES INC - 5. 25,108 25,035
JP MORGAN CHASE - 3.125% - 01/ 200,497 199,780
JPMORGAN CHASE & CO NOTE - 4.8 24,579 24,998
KELLOGG CO - 2.100% - 06/01/20 21,111 21,707
KEURIG DR PEPPER INCNOTE CALL 22,431 22,869
KEYCORP - 4.100% - 04/30/2028 24,293 24,189
KINDER MORGAN, INC - 5.400% - 24,673 24,628
KROGER CO - 2.200% - 05/01/203 21,131 21,685
L3HARRIS TECHNOLOGIES INC - 5. 35,439 34,992
LOWES COS INC - 3.100% - 05/03 100,710 96,663
MCCORMICK &CO INC NOTE CALL MA 32,293 33,522
MORGAN STANLEY - 3.622% - 04/0 91,517 92,887
MORGAN STANLEY SER I MTN - 6.3 26,588 26,453
MPLX LP - 5.000% - 03/01/2033 24,107 24,010
NORTHERN TR CORP NOTE - 3.150% 23,178 23,418
ONEOK INC - 6.100% - 11/15/203 26,008 25,897
ORACLE CORP - 4.200% - 09/27/2 19,980 19,318
PACCAR FINANCIAL MTN - 4.600% 24,743 24,932
PNC FINL - 5.582% - 06/12/2029 25,196 25,434
ROPER TECHNOLOGIES INC - 2.950 22,210 22,838
ROYAL BANK OF CANADA MEDIUM TE 31,954 33,244
SCHWAB CHARLES CORP - 3.200% - 23,614 24,212
SYSCO CORPORATION - 3.250% - 0 47,513 48,234
T MOBILE USA INC - 3.500% - 04 32,974 31,769
TARGET - 2.350% - 02/15/2030 21,831 22,210
TEXAS INSTRUMENTS INC - 4.850% 24,775 24,587
TORONTO DOMINION BANK ONT - 1. 33,354 33,347
TOYOTA MOTOR CREDIT CORP - 5.2 29,981 30,266
TRUIST FINL CORP - 5.435% - 01 24,864 25,217
UNITEDHEALTH GROUP INC - 2.000 20,885 21,555
US BANCORP - 4.839% - 02/01/20 23,628 23,937
VENTAS REALTY LP - 3.000% - 01 21,937 22,584
VERIZON COMMS - 4.329% - 09/21 48,947 49,061
VIRINIA ELEC&PWR CO - 2.875% - 45,499 46,064
WELLS FARGO & CO SER W MTN - 5 50,135 50,772
WELLTOWER INC - 4.125% - 03/15 23,787 24,174
WILLIAMS COS INC - 4.900% - 03 20,086 19,852
WISCONSIN ELEC PWR CO - 4.750% 24,431 24,647
WORKDAY INC NOTE - 3.500% - 04 23,757 24,370
XCEL ENERGY INC - 2.600% - 12/ 22,691 22,329
ZOETIS INC - 2.000% - 05/15/20 20,799 21,518

TY 2024 InvestmentsCorpStockSchedule
Name:
Charles R Wood Foundation
EIN:
22-2237193
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 76,973 79,177
ADOBE SYSTEMS, INC 161,760 169,868
ALPHABET INC CL A 99,488 359,670
AMAZON COM 103,107 383,933
AMERICAN BEACON SIM HI YLD 515,000 522,554
AMERICAN WATER WORKS COMPANY I 62,194 55,647
AMGEN INC 146,890 122,501
AMPHENOL CORPORATION 139,608 238,214
APPLE INC 236,638 550,924
ASTON RIVER ROAD SMALL CAP VAL 447,133 442,789
BANK OF AMERICA CORP 90,687 116,336
BERKSHIRE HATHAWAY INC. CLASS 69,402 174,513
BLACKROCK INC 72,652 182,470
CATERPILLAR INC 70,761 124,064
CHEVRON CORP 61,758 84,152
CISCO SYSTEMS INC 125,828 159,307
COLUMBIA OVERSEAS 1,037,000 1,016,482
COSTCO WHOLESALE CORPORATION 59,909 219,905
CULLEN EMERGING MARKETS HIGH D 509,000 499,448
CUMMINS INC 68,174 95,516
DANAHER CORP 121,030 102,150
ELI LILLY & CO 176,612 251,672
EXXON MOBIL CORP 79,193 114,132
FULLERTHALER BEHAVIORAL SM-CP 400,000 441,348
GEN DYNAMICS CP 67,217 75,622
HOME DEPOT INC 86,697 220,557
HONEYWELL INTL 72,669 93,293
I SHARES TR IBDS DEC28 ETF 383,294 387,344
IBDZ 300,231 285,854
INGERSOLL-RAND INC 83,751 118,864
INTERCONTINENTAL EXCHANGE, INC 85,071 149,010
INVESCO QQQ TRUST 342,285 528,101
ISHARE SP SMALL CAP 600 INDEX 528,940 576,561
ISHARES BONDS DEC 2027 CORP ET 186,370 187,942
ISHARES CORE MSCI DEV MKTS ETF 521,621 511,247
ISHARES CORE MSCI EAFE ETF 1,630,621 1,551,430
ISHARES CORE MSCI EMERGING MAR 527,226 532,644
ISHARES GLOBAL REIT 257,045 264,269
ISHARES IBONDS 2025 TERM HIGH 895,447 891,112
ISHARES IBONDS DEC 2025 TERM C 186,505 189,228
ISHARES IBONDS DEC 2026 TERM C 388,438 393,376
ISHARES IBONDS DEC 2030 TERM C 330,335 325,655
ISHARES IBONDS DEC 2031 TERM C 330,834 324,379
ISHARES IBONDS DEC 2032 TERM C 381,694 379,687
ISHARES IBONDS DEC 2033 TERM C 364,823 377,579
ISHARES MSCI USA QUALITY FACTO 1,164,778 1,264,368
ISHARES S&P 500 INDEX FD 7,469,729 8,373,972
ISHARES TR IBONDS DEC 29 329,162 326,200
ISHARES TR S & P MIDCAP 400 IN 225,360 248,305
ISHARES TRUST RUSSELL 2000 VAL 400,110 394,008
JOHNSON & JOHNSON 63,231 63,922
JP MORGAN CHASE 60,015 171,153
LENNAR CORP 86,249 74,049
LORD ABBETT INVESTMENT TRUST S 1,612,658 1,584,937
LOWES COMPANIES INC 16,376 38,994
LYONDELLBASELL INDUSTRIES NV 54,342 40,477
MAINSTAY PINESTONE INTERNATION 513,000 497,511
MARVELL TECHNOLOGY, INC 77,638 162,472
MASCO CORP 49,021 83,673
MASTERCARD INC 92,532 123,744
META PLATFORMS INC 116,400 322,031
MICROSOFT CORP 108,033 411,384
MORGAN STANLEY 48,476 100,325
NETFLIX INC 99,297 267,396
NEXTERA ENERGY, INC 36,063 68,106
NVIDIA CORP 36,230 664,736
ORACLE CORP 64,211 232,296
PALO ALTO NETWORKS INC 89,947 127,372
PAYDEN HIGH INCOME FUND CLASS 593,000 630,100
PROCTER GAMBLE CO 69,497 99,919
QUANTA SVCS INC 83,981 94,815
REAL ESTATE SELECT SECTOR SPDR 131,837 120,505
SALESFORCE.COM 136,638 306,246
SELECT SECTOR SPDR UTILITIES 79,756 74,025
SNOWFLAKE INC 109,503 108,087
SPDR HOMEBUILDERS ETF 264,431 222,167
STRYKER CORPORATION 70,358 139,339
SYSCO CORP 62,157 60,403
T-MOBILE US INC 166,808 184,751
TERADYNE INC 68,722 94,440
THE COCA-COLA CO 77,270 105,219
THE EMERGING MARKETS FUND CLAS 509,000 502,912
THERMO FISHER SCIENTIFIC INC 73,969 135,260
TJX COMPANIES INC 33,251 157,053
TRAVELERS COMPANIES INC 102,719 160,433
UNION PACIFIC 40,703 45,608
UNITEDHEALTH GROUP INC 41,690 80,938
VANGARD RUSSELL 1000 GROWTH 1,747,750 2,078,912
VANGUARD COMMODITY STRATEGY FU 258,000 258,459
VANGUARD INFLATION-PROTECTED S 129,000 126,916
VANGUARD MID-CAP ETF 670,459 1,161,644
VANGUARD RUSSELL 1000 VALUE ET 1,757,536 1,840,312
VANGUARD SM-CAP ETF 329,452 488,249
VERTEX PHARMCTLS INC 73,752 80,540
VIRTUS KAR SMALL CP GRWTH FD C 437,032 428,979
VISA INC 74,473 112,826
WAL-MART STORES INC 99,189 175,731
WCM FOCUSED INTL GROWTH FUNDS 774,202 671,006
WILLIAMS COS 77,301 155,054
YUM BRANDS INC 67,063 67,080

TY 2024 InvestmentsGovtObligationsSch
Name:
Charles R Wood Foundation
EIN:
22-2237193
US Government Securities - End of Year Book Value:

4,627,008
US Government Securities - End of Year Fair Market Value:

4,664,929
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2024 InvestmentsOtherSchedule2
Name:
Charles R Wood Foundation
EIN:
22-2237193
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
FIFTH AVENUE PRIVATE EQUITY 14   373,018 660,158
FIFTH AVENUE PRIVATE EQUITY 15   334,498 480,973
FIFTH AVENUE PRIVATE EQUITY 16   254,256 318,021
FIFTH AVENUE REAL ASSETS 4 LLC   217,197 438,121
FIFTH AVENUE REAL ASSETS 5 LLC   209,513 294,407
MS GLOBAL DISTRESSED OPPORTUNI     8,917
VANGUARD HARBOURVEST 2023 PRIV   230,895 306,262

TY 2024 LandEtcSchedule2
Name:
Charles R Wood Foundation
EIN:
22-2237193
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING - DOUBLE 2,611,800 2,089,440 522,360 80,000
FURNITURE AND FIXT 149,379 149,379    
LAND - DOUBLE H RA 344,789   344,789 20,000
LAND IMP - DOUBLE 64,886 64,886    
MACHINERY & EQUIPM 99,422 99,422    


TY 2024 LegalFeesSchedule
Name:
Charles R Wood Foundation
EIN:
22-2237193
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
General Consultations 1,760 1,760    


TY 2024 OtherExpensesSchedule
Name:
Charles R Wood Foundation
EIN:
22-2237193
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 103,295     103,295
Foundation Dues & Memberships 830     830
Indemnification Insurance 2,250     2,250
K-1 Exp FIFTH AVENUE PRIVATE E 12,384 12,194    
K-1 Exp FIFTH AVENUE PRIVATE E 11,198 11,051    
K-1 Exp FIFTH AVENUE PRIVATE E 11,920 11,859    
K-1 Exp FIFTH AVENUE REAL ASSE 23,892 15,028    
K-1 Exp FIFTH AVENUE REAL ASSE 31,890 13,412    
Postage/Delivery Service 511     511
Property Maintenance 83     83
State or Local Filing Fees 750     750
Website Hosting/Support 1,069     1,069


TY 2024 OtherIncomeSchedule2
Name:
Charles R Wood Foundation
EIN:
22-2237193
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss FIFTH AVENUE PRIVATE EQUITY 14 LLC 3,071 2,648  
K-1 Inc/Loss FIFTH AVENUE PRIVATE EQUITY 15 LLC -68 680  
K-1 Inc/Loss FIFTH AVENUE PRIVATE EQUITY 16 LLC -1,400 -616  
K-1 Inc/Loss FIFTH AVENUE REAL ASSETS 4 LLC 20,181 11,244  
K-1 Inc/Loss FIFTH AVENUE REAL ASSETS 5 LLC 2,932 1,330  
Class Action Lawsuit Proceeds 175,712 175,712  
Federal Tax Refund 720    
State Tax Refund 200    
Sec 751 Gain on Sale fifth avenue privat 19    


TY 2024 OtherProfessionalFeesSchedule
Name:
Charles R Wood Foundation
EIN:
22-2237193
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 183,646 183,646    


TY 2024 TaxesSchedule
Name:
Charles R Wood Foundation
EIN:
22-2237193
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 70,300      
990-PF Excise Tax for 2023 5,447      
990-PF Extension for 2023 10,200      
990-T Extension for 2023 800      
Foreign Tax Paid 688 688    
STATE INCOME TAX EXT. FOR 2023 450