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The Woods Fund of Chicago is a private independent foundation in Chicago, whose goal is to increase opportunities for less-advantaged people and communities in the Chicago metropolitan area, including the opportunity to shape decisions affecting them.
The Woods Charitable Fund was incorporated in Nebraska in 1941 by Frank Henry Woods Sr. (1868–1952) and Nelle Cochrane Woods (1870–1950) of Lincoln, Nebraska and their three sons: Thomas Cochrane Woods Sr. (1895–1958) of Lincoln, and Henry Cochrane Woods Sr. (1895–1968) and Frank Henry Woods Jr. (1905–1980) of Chicago, and operated in both Lincoln and Chicago for 53 years through 1993, when the Woods Charitable Fund was reorganized into two separate foundations, with separate officers, boards of directors, and staff.[1][2]
The Woods Fund of Chicago was incorporated in Illinois on November 15, 1993, and effective January 1, 1994 was allocated 70% of the market value of the assets of the Woods Charitable Fund and began operation and continued the Fund's philanthropy in Chicago, while the Woods Charitable Fund continued its philanthropy in Lincoln.[1][2]
The fund describes itself as "a grantmaking foundation whose goal is to increase opportunities for less advantaged people and communities in the metropolitan area, including the opportunity to shape decisions affecting them. The foundation works primarily as a funding partner with nonprofit organizations. Woods supports nonprofits in their important roles of engaging people in civic life, addressing the causes of poverty and other challenges facing the region, promoting more effective public policies, reducing racism and other barriers to equal opportunity, and building a sense of community and common ground."[4]
In its 2006 annual report, the fund said it had made $3.1 million in grants to more than 70 local organizations. At the time, the fund had $58 million in assets.[5]
Lucia Woods Lindley - (Director 1980–1993) - President (1990–1993), Woods Charitable Fund; co-founder, Chicago Foundation for Women; founder, The Sophia Fund; photographer; daughter of Frank Henry Woods Jr.[6]
George Kelm - (Director 1968–1996) - Chairman (1992–1994), former President & CEO (1978–1992), Sahara Enterprises, Inc.; former Associate (1954–1963), Partner (1964–1972), Managing Partner (1973–1978), Hopkins & Sutter; former Vice President, Woods Charitable Fund (1978–1993)[7]
Mary Decker - (Director 1991–1994) - Director (1991–1994), Cook County Office of Capital Planning and Policy; Senior Vice President for community relations and reinvestment activities, First Chicago Bank (1994–1995), First Chicago NBD (1995–1998), Banc One (1998– ); former Executive Director (1985–1990), Metropolitan Planning Council; winner (1989), Crain's Chicago Business "40 Under 40" award; former Executive Director (1978–1985), Friends of the Parks[8]
Charles N. Wheatley - (Director 1993– ) - President & CEO (1992– ), former Vice President & Secretary (1985–1992) Sahara Enterprises, Inc.; Vice President (1994–1996), Woods Fund of Chicago
Thomas Cochrane Woods III - (Director 1980–2000) - Chairman (1993–1999), Lincoln Telecommunications; President (1993–2000), former Vice President (1989–1993), Woods Charitable Fund; son of Thomas Cochrane Woods Jr.[9]
Sydney D. Beane - (Director 1990-1995) - Western Regional Director (1993– ), Center for Community Change; former Executive Director (1983–1993), Lincoln Indian Center (1983–1993); former Assistant Professor and Director of American Indian Projects (1980–1983), School of Social Work, Arizona State University
Marie Fischer - (Director 1991-1996) - Trainer, The Grantsmanship Center; Professor Emeritus, Department of Community and Regional Planning, College of Architecture, University of Nebraska–Lincoln
Howard J. Stanback - (Director 1994–2005) - Executive Vice President (1989–1992, 1994–1997), Airport Resources Partners (ARP) Inc.; Manager (1998–2002), New Kenwood, LLC; President & CEO (2002–2005), Leadership Council for Metropolitan Open Communities; former City Manager (1992–1993), Hartford, Connecticut; former Commissioner (1988–1989), Chicago Department of Aviation; former Administrative Assistant (1987–1988) to Chicago Mayors Washington and Sawyer; former Deputy Director for Strategic Planning (1985–1987), Chicago Office of Employment and Training; former Assistant Professor of Economics (1981–1985), New School for Social Research[11]
Laura S. Washington - (Director 2003– ) - Ida B. Wells-Barnett University Professor and Fellow of the DePaul Humanities Center
Jesus G. Garcia - (Director 2003– ) - Executive Director, Little Village Community Development Corporation[18]
Doris Salomón Chagin - (Director 2005– ) - Community Affairs Director, Midwest US, BP America Inc.
Lee Bey - (Director 2006– ) - Executive Director (2007– ), Chicago Central Area Committee; former Director of Media and Governmental Affairs (2004–2006), Skidmore, Owings, & Merrill LLP
Beth E. Richie - (Director 2006– ) - Professor and Head of the Department of African American Studies, University of Illinois at Chicago
Patrick M. Sheahan - (Director 2008– ) - Executive Director, Public Affairs, UBS Investment Bank
^ abcdeWoods Charitable Fund, Inc. (1993). A Report for the Year 1993. Woods Charitable Fund, Inc. OCLC44552641. Woods Charitable Fund, Inc. (1994). A Report for the Year 1994. Woods Charitable Fund, Inc. OCLC44552641. Woods Fund of Chicago (1994). 1994 Annual Report. Woods Fund of Chicago. OCLC47959591.
^ abcWoods Fund of Chicago (2008). "History of the Fund". Woods Fund of Chicago. Retrieved 2008-10-31. Woods Charitable Fund (2008). "History". Woods Charitable Fund. Archived from the original on 2008-10-16. Retrieved 2008-10-31.
^Donors Forum of Chicago (2006). "50 Largest Foundations by Total Assets and Grants". The Directory of Illinois Foundations (9th ed.). Chicago: Donors Forum of Chicago. p. ix. OCLC15465359.
^Palikuca, Seka P. (January 20, 1997). "People". Chicago Tribune. p. (Business). Archived from the original on May 25, 2011. Retrieved 2008-11-02. "Appointments". Chicago Sun-Times. January 27, 1997. p. 44. Retrieved 2008-11-02.
^Hinz, Greg (November 19, 2001). "40 under Forty: Maria Valdez, Senior Litigator, Mexican American Legal Defence and Educational Fund". Crain's Chicago Business. pp. E21 –E22. MALDEF (November 5, 2003). "MALDEF names Maria Valdez to head Chicago office". Mexican American Legal Defense and Education Fund. Retrieved 2008-11-02. [dead link] "2 lawyers are named as magistrate judges". Chicago Tribune. February 3, 2005. p. 3 (Metro). Retrieved 2008-11-02.