Waddell Foundation Inc

CAMBRIDGE, MD EIN: 52-1166266

Waddell Foundation Inc is a private foundation, based in CAMBRIDGE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $731K in total assets. In 2024, it awarded 14 grants totaling $46K. Net investment income was $10K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$731K

-5.1% YoY

Annual Giving

$46K

+3.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$3K

+3.3% YoY

Under IRS private-foundation payout rules, Waddell Foundation Inc reported a distributable amount of $49K for 2024 — the minimum it must pay out in qualifying distributions.

About Waddell Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maryland $187K (86%)

Virginia $30K (14%)

States

Maryland Virginia

Cities

CambridgCambridgeDentonEast New MarketEastonFairfaxFederalsburgHurlockSalisburyTrappeWinchester

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$730,933	$770,308	$808,556
Revenue	$14,912	$13,732	$9,688
Expenses	$54,149	$51,775	$56,795
Qualifying Distributions	$45,955	$44,500	$50,050
Net Investment Income	$9,918	$14,769	$17,676
Distributable Amount	$48,729	$43,630	$44,697

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

68 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The John & Janice Wyatt Foundation ($15,000), Casa of the Mid-shored ($5,000), One Mission Cambridge ($5,000).

Recipient	Purpose	Amount
CASA OF THE MID-SHORED EASTON, MD	YOUTH ASSISTANCE	$5,000
MID-SHORE COMMUNITY FOUNDATION INC EASTON, MD	NEW CREATION MARCH UNIT FUND	$2,000
ONE MISSION CAMBRIDGE CAMBRIDGE, MD	FOOD INSECURITY/COUNCELING	$5,000
ST ANDREWS FOOD BANK FEDERALSBURG, MD	FOOD BANK	$2,000
ST VINCENT DEPAUL SOCIETY CAMBRIDGE, MD	FOOD & FINANCIAL ASSISTANCE NEEDY	$3,000
MIDSHORE MEALS TIL MONDAY CAMBRIDGE, MD	FOOD SECURITY	$3,000
CHESAPEAKE HOUSING MISSION SALISBURY, MD	COMMUNITY RESIDENTIAL RAMPS	$1,000
CSDHS SPORTS BOOSTERS INC CAMBRIDGE, MD	TRACK EQUIPMENT	$1,000
DELMARVA COMMUNITY SERVICES INC CAMBRIDGE, MD	HEALTH ASSISTANCE	$1,000
DELMARVA COMMUNITY SERVICES INC CAMBRIDGE, MD	COLD WEATHER SHELTER	$3,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JULIA MOORE	CO PRESIDENT	1.5	—
G PHILIP FELDMAN	CO PRESIDENT	1.5	—
LAURA A COWIN	SECRETARY	1	—
STEVEN ADAMS	TREASURER	2	—
BARBARA HUBBARD	DIRECTOR	1	—
DUSTIN NWAKUDO	DIRECTOR	1	—

Frequently Asked Questions

How large is Waddell Foundation Inc?

As of 2024, Waddell Foundation Inc holds $731K in total assets with $15K in annual revenue. It awarded 14 grants totaling $46K in 2024.

Where does Waddell Foundation Inc operate?

Waddell Foundation Inc has awarded grants in Maryland, Virginia.

What size grants does Waddell Foundation Inc award?

In 2024, Waddell Foundation Inc awarded 14 grants totaling $46K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Waddell Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Waddell Foundation Inc reported a distributable amount of $49K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.