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Waddell Foundation Inc

Private foundation · Grantmaker Cambridge, MD EIN: 52-1166266 Website

Waddell Foundation Inc is a private foundation based in Cambridge, Maryland. Formed in 1978, it says it provides grant funds to benefit residents of Dorchester County and supports local charitable groups.

Key facts about Waddell Foundation Inc

In short: Waddell Foundation Inc gave $46K across 13 grants in 2025 (avg $4K), mostly in Maryland. 38% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
52-1166266
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$45,900
Grants made (2025)
13
Average grant
$3,531
Median grant
$4,000
New grantees (estimate)
38% first-time grantees (5 of 13, 2025)
Total assets
$802,958
Primary geography
Maryland (100% of itemized 2025 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation does not accept unsolicited requests; its filing says it makes contributions only to preselected charitable organizations. Full details ↓

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$803K

+9.9% YoY

Annual Giving

$46K

-0.1% YoY

Grant Count

13

-7.1% YoY

Avg Grant Size

$4K

+7.6% YoY

Under IRS private-foundation payout rules, Waddell Foundation Inc reported a distributable amount of $52K for 2025 — the minimum it must pay out in qualifying distributions.

Is Waddell Foundation Inc open to new grantees?

38%

first-time grantees, 2025

In 2025, 5 of 13 grantees (38%) were first-time recipients. First grants averaged $3K; repeat grants $4K. How we count

Medians: $3K first-time, $4K repeat.

  • 38% of 2025 grantees were also funded in 2024. Method
  • Giving held roughly steady from 2022 to 2025 (−8%). Method
  • In 2025 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The foundation’s website describes its purpose as supporting the community in honor of family. Its stated goal is to benefit residents of Dorchester County, Maryland.

Its 2025 grants included support for food assistance, youth programs, education, environmental work, and community services. For example, Midshore Meals Til Monday says it sends nutritious food home with children and works with schools and community partners to help Dorchester County children. One Mission Cambridge describes its work as providing food, community navigation, resources, and support to people in Dorchester County. Chesapeake Audubon Society says it works to promote stewardship of natural ecosystems through conservation, restoration, education, and advocacy.

Grantmaking

In 2025, the foundation reported 13 grants totaling $45,900. Grant amounts ranged from $1,000 to $5,400, with a median of $4,000. Notable awards included $5,400 to Midshore Meals Til Monday, $5,000 each to One Mission Cambridge and Chesapeake Audubon Society, and $4,000 each to St. Vincent de Paul Society, YMCA of the Chesapeake, J Noah Skills Academy, and Pine Street Committee.

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Geographic Focus

Where this funder awards grants

The foundation states that its grants are to benefit residents of Dorchester County, Maryland. All grant dollars reported for 2025 went to recipients in Maryland.

Grant Distribution by State

2states

Share of all 13 itemized 2025 grant dollars.

Cities

CambridgeEastonHurlockSalisburyTrappeEast New MarketFederalsburgBaltimoreBerlinCambridgDentonFairfaxWinchester

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K22 grants201914 grants202012 grants202114 grants202214 grants202314 grants202413 grants2025

From 2019 to 2025, annual grant giving ranged from $33K (2020) to $53K (2019). In 2025 it made 13 grants totaling $46K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Midshore Meals Til Monday: $5KMidshore Meals Til Monday$5KOne Mission Cambridge: $5KOne Mission Cambridge$5KChesapeake Audubon Society Inc: $5KChesapeake Audubon Society Inc$5KSt Vincent Depaul Society: $4KSt Vincent Depaul Society$4KYMCA of the Chesapeake: $4KYMCA of the Chesapeake$4KJ Noah Skills Academy: $4KJ Noah Skills Academy$4KPine Street Committee Inc: $4KPine Street Committee Inc$4KShorerivers: $4KShorerivers$4KSt Andrews Food Bank: $3KSt Andrews Food Bank$3KALL4LOVE: $3KALL4LOVE$3K

The largest 2025 recipient was Midshore Meals Til Monday ($5K). Together the top 10 received $40K.

Grant Size Distribution

67 grants across all recorded years

67<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 67 grants of 67 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Midshore Meals Til Monday Cambridge, MD900 Bags Food @ 6 Weekend Food$5,400
One Mission Cambridge Cambridge, MDFood Appeal$5,000
Chesapeake Audubon Society Inc Easton, MDChespeake Linked Program Dorcester C$5,000
St Vincent Depaul Society Cambridge, MDFood & Financial Assistance Needy$4,000
YMCA of the Chesapeake Easton, MDDorcestr County Grade Level Reading$4,000
J Noah Skills Academy Easton, MDFacility up to 30 Students 4 Months$4,000
Pine Street Committee Inc Cambridge, MDChildren Summer Program 2025$4,000
Shorerivers Easton, MDHigh School Intership Summer 2025$3,500
St Andrews Food Bank Hurlock, MDFood Bank$3,000
ALL4LOVE Cambridge, MD38 Campers N. Bay Adv Enture Camp$2,500

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2025 $802,958 $125,347 $54,684 $45,900
2024 $730,933 $14,912 $54,149 $45,955
2023 $770,308 $13,732 $51,775 $44,500
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2019202020212022202320242025
Metric202520242023
Total Assets$802,958$730,933$770,308
Revenue$125,347$14,912$13,732
Expenses$54,684$54,149$51,775
Qualifying Distributions$45,900$45,955$44,500
Net Investment Income$120,063$9,918$14,769
Distributable Amount$51,719$48,729$43,630

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS January 23, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS July 14, 2026)
  3. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists Julia Moore and G Philip Feldman as co-presidents; Laura A Cowin as secretary; Steven Adams as treasurer; and Barbara Hubbard and Dustin Nwakudo as directors.

Waddell Foundation Inc is led by G. Philip Feldman, Co President since 2024 (on filings since 2019); none of the 6 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • G. Philip Feldman

    Co President

    Director → Co President, 2024

    On filings since 2019

    1.5 hrs/week

    No compensation reported

  • Julia Moore

    Co President

    Vice President → Co President, 2024

    On filings since 2019

    1.5 hrs/week

    No compensation reported

  • Barbara Hubbard

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Dustin Nwakudo

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Laura A. Cowin

    Secretary

    On filings since 2019

    1 hr/week

    No compensation reported

  • Steven Adams

    Treasurer

    On filings since 2021

    2 hrs/week

    No compensation reported

Former officers (2)
  • Former: J. C. Brooks (2019–2023) — President
  • Former: Thomas Adams (2019–2020) — Treasurer

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: P O Box 236, Cambridge, MD 21613
Phone: (410) 228-0565
Website: https://waddellfoundation.com

Frequently asked questions about Waddell Foundation Inc

How much does Waddell Foundation Inc give each year?

Waddell Foundation Inc gave $46K across 13 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $46K across 14 grants.

What is Waddell Foundation Inc's typical grant size?

Waddell Foundation Inc's median grant in 2025 was $4,000, and its average grant was $3,531, across 13 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Waddell Foundation Inc that year got $3K on average.

Where does Waddell Foundation Inc give grants?

Waddell Foundation Inc gives mostly in Maryland: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cambridge, MD (6 grants) and Easton, MD (4 grants).

Does Waddell Foundation Inc give general operating support?

Not in 2025: none of the 13 grants with a stated purpose on Waddell Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.

Who are Waddell Foundation Inc's largest grantees?

Waddell Foundation Inc's largest 2025 grantees include Midshore Meals Til Monday ($5,400), One Mission Cambridge ($5,000) and Chesapeake Audubon Society Inc ($5,000), according to its 2025 IRS Form 990-PF. Together they received 34% of its itemized 2025 grant dollars.

How large is Waddell Foundation Inc?

Waddell Foundation Inc reported $803K in total assets on its 2025 IRS Form 990-PF. It paid out $46K in qualifying distributions that year, against a required minimum of $52K (roughly 5% of its investment assets).

What does Waddell Foundation Inc fund?

The foundation’s website describes its purpose as supporting the community in honor of family. Its stated goal is to benefit residents of Dorchester County, Maryland. See mission & focus areas ↑

How do I apply for a grant from Waddell Foundation Inc?

The foundation does not accept unsolicited requests; its filing says it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Waddell Foundation Inc's EIN?

Waddell Foundation Inc's EIN (Employer Identification Number) is 52-1166266. IRS Form 990 filing data is available on this page for 2019–2025.

Does Waddell Foundation Inc accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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