Woodward Trust is an independent legal entity, incorporated by an act of the Ohio legislature in 1831. The trust is directed entirely by its trustees on the basis of the underlying trust documents, and related restrictions. Under the terms of the original trust document, however, Cincinnati's Mayor and City Council may call upon the trustees to render an annual account of the assets, liabilities, income and expenditures of the trust. The trustees have provided their Annual Report to City Council to the Mayor, City Council and the Court of Common Pleas. That Annual Report is provided to numerous other interested parties, and is available to anyone upon request or by simply tapping the links below.
Form 990 Return
Woodward Trust is a non-profit organization, exempt from federal income taxes under Section 501c(3) of the Internal Revenue Code and from state and local income taxes under various statutes and regulations. Woodward Trust annually files IRS Form 990 - Return of Organization Exempt From Income Tax. The public portions of that filing are available to anyone upon request or may be found using Guidestar.org. Our EIN is 31-0538507.
While not required to do so, the trustees obtain a biennial audit of their financial statements, performed by an independent CPA. The most recent audit was for our fiscal year ended 7/31/17, for which a "clean" opinion was rendered by our auditor, with the exception of the valuation of our real estate which is reported at the current market value (per the Hamilton County Auditor's valuation) instead of the value of the land when it was originally donated by William Woodward in 1827 (which value is unknown to us).