Waddell Foundation Inc
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.
Waddell Foundation Inc at a glance
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.
- Annual giving (2025)
- $45,900
- -0.1% vs 2024
- Grants made (2025)
- 13
- -7.1% vs 2024
- Average grant
- $3,531
- +7.6% vs 2024
- Median grant
- $4,000
- Total assets
- $802,958
- +9.9% vs 2024
- New grantees (estimate)
- 38% first-time grantees (5 of 13, 2025; small sample)
- Primary geography
- Maryland (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Waddell Foundation Inc
- 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. The filing directs organizations to submit requests through the foundation’s website, including the organization’s contact information and mission statement; program or project name, amount requested, and date funds are needed; how funds will be spent and benefit Dorchester County residents; the total project budget and other funding sources; and proof of 501(c)(3) status. The website also asks applicants to send a 501(c)(3) letter. Its stated requirements include being in good standing with the IRS and Maryland Secretary of State, using grant funds as described in the application unless the foundation approves another use, and providing a signed acknowledgment within 30 days of depositing the check. The filing restricts grants to qualifying 501(c)(3) organizations and states that grants must benefit Dorchester County residents; it also bars foundation assets or earnings from benefiting or being distributed to Dorchester General Hospital.
- Contact
Mailing address: P O Box 236, Cambridge, MD 21613
Phone: (410) 228-0565
Website: https://waddellfoundation.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Waddell Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
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
The most common grant size was under $50K: 67 grants of 67 (100%).
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
Share of 2025 grant dollars across all 13 itemized grants.
Cities
Is Waddell Foundation Inc open to new grantees?
38%
first-time grantees, 2025
In 2025, 5 of 13 grantees (38%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $33K (2020) to $53K (2019). In 2025 it made 13 grants totaling $46K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Midshore Meals Til Monday Cambridge, MD | 900 Bags Food @ 6 Weekend Food | $5,400 |
| One Mission Cambridge Cambridge, MD | Food Appeal | $5,000 |
| Chesapeake Audubon Society Inc Easton, MD | Chespeake Linked Program Dorcester C | $5,000 |
| St Vincent Depaul Society Cambridge, MD | Food & Financial Assistance Needy | $4,000 |
| YMCA of the Chesapeake Easton, MD | Dorcestr County Grade Level Reading | $4,000 |
| J Noah Skills Academy Easton, MD | Facility up to 30 Students 4 Months | $4,000 |
| Pine Street Committee Inc Cambridge, MD | Children Summer Program 2025 | $4,000 |
| Shorerivers Easton, MD | High School Intership Summer 2025 | $3,500 |
| St Andrews Food Bank Hurlock, MD | Food Bank | $3,000 |
| ALL4LOVE Cambridge, MD | 38 Campers N. Bay ADV Enture Camp | $2,500 |
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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 | $802,958 | $125,347 | $54,684 | $45,900 | 13 | $45,900 | $120,063 | $51,719 |
| 2024 | $730,933 | $14,912 | $54,149 | $45,955 | 14 | $45,955 | $9,918 | $48,729 |
| 2023 | $770,308 | $13,732 | $51,775 | $44,500 | 14 | $44,500 | $14,769 | $43,630 |
| 2022 | $808,556 | $9,688 | $56,795 | $50,050 | 14 | $50,050 | $17,676 | $44,697 |
| 2021 | $855,909 | $34,937 | $53,016 | $43,259 | 12 | $43,259 | $28,836 | $50,319 |
| 2020 | $874,213 | $75,885 | $40,919 | $33,392 | 14 | — | $71,933 | $42,903 |
| 2019 | $839,247 | $66,404 | $60,028 | $53,150 | 22 | — | $63,101 | $43,247 |
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.
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.
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.
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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS January 23, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 14, 2026)
- IRS filings on file for fiscal years 2020–2024
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Waddell Foundation Inc down — hundreds of funders to go?