The Woodlawn Foundation receives contributions and provides grants to nonprofit organizations that receive pastoral care from the Catholic Prelature of Opus Dei.
The Woodlawn Foundation receives contributions and provides grants to nonprofit organizations that receive pastoral care from the Catholic Prelature of Opus Dei.
What is the Woodlawn Foundation?
The Woodlawn Foundation, Inc. is a nonprofit corporation that receives donations and makes grants to other nonprofit organizations that receive pastoral care from Opus Dei.
At the present time, Woodlawn provides grants to approximately 40 to 50 nonprofit corporations each year. These grants primarily help cover operating costs of the centers where apostolic activities are carried out.
The first center of Opus Dei in the United States, opened in Chicago in 1949, was called “Woodlawn Residence.” Woodlawn Foundation takes its name and its inspiration from the pioneering apostolic spirit of that first center.
Does Woodlawn promote fundraising efforts by the organizations to which it gives grants?
Yes. Additionally, Woodlawn makes most of its capital grants as matching grants, and makes them contingent upon the organization meeting certain fundraising goals.
The Board of Director’s grants committee carefully measures progress towards these goals, recording pledges and loans receivable in the audited financial statements.
What is the legal status of Woodlawn Foundation?
Woodlawn Foundation, Inc. is a nonprofit corporation, incorporated in 1979 under the laws of the State of New York. The Internal Revenue Service has issued a ruling that is a tax-exempt public charity under Sections 501(c)(3) and 509(a)(1) of the Internal Revenue Code.
Cash donations are deductible up to 50% of adjusted gross income and contributions of appreciated property are deductible up to 30% of adjusted gross income. Contributions in excess of these amounts may be carried forward and deducted in future years, for up to five years.
What is the Woodlawn Foundation?
The Woodlawn Foundation, Inc. is a nonprofit corporation that receives donations and makes grants to other nonprofit organizations that receive pastoral care from Opus Dei.
At the present time, Woodlawn provides grants to approximately 40 to 50 nonprofit corporations each year. These grants primarily help cover operating costs of the centers where apostolic activities are carried out.
The first center of Opus Dei in the United States, opened in Chicago in 1949, was called “Woodlawn Residence.” Woodlawn Foundation takes its name and its inspiration from the pioneering apostolic spirit of that first center.
Does Woodlawn promote fundraising efforts by the organizations to which it gives grants?
Yes. Additionally, Woodlawn makes most of its capital grants as matching grants, and makes them contingent upon the organization meeting certain fundraising goals.
The Board of Director’s grants committee carefully measures progress towards these goals, recording pledges and loans receivable in the audited financial statements.
What is the legal status of Woodlawn Foundation?
Woodlawn Foundation, Inc. is a nonprofit corporation, incorporated in 1979 under the laws of the State of New York. The Internal Revenue Service has issued a ruling that is a tax-exempt public charity under Sections 501(c)(3) and 509(a)(1) of the Internal Revenue Code.
Cash donations are deductible up to 50% of adjusted gross income and contributions of appreciated property are deductible up to 30% of adjusted gross income. Contributions in excess of these amounts may be carried forward and deducted in future years, for up to five years.