RWMD Scholarship Fund Inc
RWMD Scholarship Fund Inc is a private foundation focused on Education, based in New Haven, CT. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $3.9M in total assets. In 2025, it awarded 3 grants totaling $190K. Net investment income was $333K.
RWMD Scholarship Fund Inc at a glance
In short: RWMD Scholarship Fund Inc gave $190K across 3 grants in 2025 (avg $63K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $190,000
- -30.9% vs 2024
- Grants made (2025)
- 3
- -25.0% vs 2024
- Average grant
- $63,333
- -7.9% vs 2024
- Median grant
- $25,000
- Total assets
- $3,925,815
- +98.4% vs 2024
- Primary geography
- North Carolina (82% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who RWMD Scholarship Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Duke University ($155K). Together the top 3 received $190K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 3 grants of 7 (43%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How RWMD Scholarship Fund Inc gives
- In 2025 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $190K (2025) to $275K (2024). In 2025 it made 3 grants totaling $190K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Duke University Durham, NC | To Accomplish Charitable Purpose | $155,000 |
| Baruch College New York, NY | To Accomplish Charitable Purpose | $25,000 |
| University of Chicago Chicago, IL | To Accomplish Charitable Purpose | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,925,815 | $2,195,683 | $249,010 | $190,000 | 3 | $190,000 | $332,575 | $228,844 |
| 2024 | $1,979,142 | $415,507 | $324,093 | $275,000 | 4 | $275,000 | $75,815 | $100,991 |
| 2023 | $1,887,728 | $1,907,960 | $20,232 | — | — | — | $50,870 | $86,643 |
Under IRS private-foundation payout rules, RWMD Scholarship Fund Inc reported a distributable amount of $229K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
RWMD Scholarship Fund Inc is led by Laurence Nadel, President Se on every filing since 2023; all 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Laurence Nadel
President Se
On filings since 2023
$18K (2023) → $27K (2025)
Linda Maffei
Director
On filings since 2023
$2K (2023) → $1K (2025)
Marc Albaum
Vice President
On filings since 2023
$8K (2024) → $4K (2025)
Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $27K, to Laurence Nadel (President Se). 3 officers or directors reported compensation on that filing.
Frequently asked questions about RWMD Scholarship Fund Inc
How much does RWMD Scholarship Fund Inc give each year?
RWMD Scholarship Fund Inc gave $190K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $275K across 4 grants.
What is RWMD Scholarship Fund Inc's typical grant size?
RWMD Scholarship Fund Inc's median grant in 2025 was $25,000, and its average grant was $63,333, across 3 grants on its 2025 IRS Form 990-PF.
Where does RWMD Scholarship Fund Inc give grants?
RWMD Scholarship Fund Inc gives mostly in North Carolina: 82% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (13%) and Illinois (5%).
How large is RWMD Scholarship Fund Inc?
RWMD Scholarship Fund Inc reported $3.9M in total assets on its 2025 IRS Form 990-PF. It paid out $190K in qualifying distributions that year, against a required minimum of $229K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is RWMD Scholarship Fund Inc?
RWMD Scholarship Fund Inc is a private foundation focused on Education, based in New Haven, CT. It holds $3.9M in total assets as of 2025.
What is RWMD Scholarship Fund Inc's EIN?
RWMD Scholarship Fund Inc's EIN (Employer Identification Number) is 92-1810984. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 23, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 22, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 11, 2026)
- IRS filings on file for fiscal years 2023–2024
Live grants for the work RWMD Scholarship Fund Inc funds
Education Open opportunities, soonest deadline first.
- Creative Impact Grants $500 - $2,500 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in RWMD Scholarship Fund Inc's focus areas in our free grants database
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