Waddell Foundation

Foundation · Grantmaker Marion, OH EIN: 31-4386851

Waddell Foundation is a private foundation, based in Marion, OH. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $4.7M in total assets. In 2025, it awarded 14 grants totaling $165K. Net investment income was $234K.

Key facts about Waddell Foundation

EIN: 31-4386851
Latest 990 filing: Form 990-PF, 2025
Annual giving (2025): $165,000
Grants made (2025): 14
Average grant: $11,786
Median grant: $7,500
New grantees (estimate): 15% first-time grantees (2 of 13, 2025)
Total assets: $4,650,342
Primary geography: Ohio (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Waddell Foundation funds

By grant dollars, the top recipient states for Waddell Foundation's 14 itemized 2025 grants were Ohio (100%). The most frequent recipient cities were Marion, OH (6 grants) and Columbus, OH (3 grants). None of its 14 grants with a stated purpose were described as general or operating support. Recurring purposes include "Services for Seniors" (7 grants) and "Historical" (3 grants).

Is Waddell Foundation open to new grantees?

15%

first-time grantees, 2025

In 2025, 2 of 13 grantees (15%) were first-time recipients. First grants averaged $10K; repeat grants $13K. How we count

Medians: $10K first-time, $5K repeat.

85% of 2025 grantees were also funded in 2024. Method
Giving held roughly steady from 2022 to 2025 (+14%). Method
In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized IRS Form 990-PF grant lists (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Waddell Foundation

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Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$4.7M

+3.8% YoY

Annual Giving

$165K

-1.5% YoY

Grant Count

-6.7% YoY

Avg Grant Size

$12K

+5.5% YoY

Under IRS private-foundation payout rules, Waddell Foundation reported a distributable amount of $222K for 2025 — the minimum it must pay out in qualifying distributions.

About Waddell Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $165K (100%)

Share of all 14 itemized 2025 grant dollars.

States

Ohio

Cities

MarionColumbusCaledoniaGreen CampProspectRavennaDelaware

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$4,650,342	$4,480,931	$4,038,723
Revenue	$262,442	$216,037	$158,576
Expenses	$230,658	$219,425	$183,791
Qualifying Distributions	$223,964	$214,696	$179,299
Net Investment Income	$234,001	$188,934	$133,227
Distributable Amount	$221,605	$207,171	$202,160

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2021–2025

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 2025

Grant Size Distribution

63 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest recipients include Ohio Historical Society ($55,000 across 2 grants), Marion County Fed Womens ($25,000), Marion General Hospital Foundation ($20,000).

Recipient	Purpose	Amount
OHIO HISTORICAL SOCIETY Columbus, OH	HISTORICAL	$30,000
MARION COUNTY FED WOMENS Marion, OH	HISTORICAL	$25,000
OHIO HISTORICAL SOCIETY Columbus, OH	HISTORICAL	$25,000
MARION GENERAL HOSPITAL FOUNDATION Marion, OH	HEALTH	$20,000
LIFE CARE ALLIANCE Columbus, OH	HEALTH & NUTRITION	$10,000
MLS CONSTRUCTION SERVICES Delaware, OH	REUTILIZATION	$10,000
AXESS POINTE Ravenna, OH	SERVICES FOR SENIORS	$10,000
MARION PALACE THEATRE Marion, OH	ARTS/CULTURAL	$5,000
PROSPECT SENIOR CENTER Prospect, OH	SERVICES FOR SENIORS	$5,000
PLEASANT SENIOR CENTER Marion, OH	SERVICES FOR SENIORS	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

Name	Title	Hours	Compensation
James P Waddell	President	—	$8,000
Michael Payette	Vice Preside	—	$8,000
Trenton J Waddell	Trustee	—	$8,000
Tim Waddell	Secretary	—	$13,700
Robert Waddell	Trustee	—	$8,000

Frequently Asked Questions

How large is Waddell Foundation?

As of 2025, Waddell Foundation holds $4.7M in total assets with $262K in annual revenue. It awarded 14 grants totaling $165K in 2025.

Where does Waddell Foundation operate?

Waddell Foundation has awarded grants in Ohio.

What size grants does Waddell Foundation award?

In 2025, Waddell Foundation awarded 14 grants totaling $165K — an average of about $12K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2025, Waddell Foundation reported a distributable amount of $222K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.