Walter and Pauline Calderwood Foundation
The Walter and Pauline Calderwood Foundation is a private foundation based in Wells, Maine. It provides scholarships to qualified students with financial need for attendance at a two- or four-year college or university after high school.
Walter and Pauline Calderwood Foundation at a glance
In short: Walter and Pauline Calderwood Foundation gave $39K across 11 grants in 2025 (avg $4K), mostly in New Hampshire. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $39,000
- -47.7% vs 2024
- Grants made (2025)
- 11
- -50.0% vs 2024
- Average grant
- $3,545
- +4.7% vs 2024
- Median grant
- $3,000
- Total assets
- $773,833
- +4.8% vs 2024
- Primary geography
- New Hampshire (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.
How to apply to Walter and Pauline Calderwood Foundation
- How to Apply
-
The foundation’s 2025 filing describes an application process for students. Applicants were asked to submit a completed application form, their most recent official high school transcript, SAT and/or ACT scores, recommendation letters from two teachers or guidance counselors (or the high school principal), proof of acceptance at an accredited two- or four-year college or university, and a personal essay. Applications and supporting documents could be sent by email or mail. Scholarship funds are awarded upon evidence of registration at an accredited two- or four-year college or university. Renewal for up to four years requires full-time enrollment, a sufficient grade point average, and annual reports on academic progress.
- Review Cycle
- The filing lists March 31, 2025, as the submission deadline for the 2025 cycle. This is a past deadline.
- Deadline
- The filing lists March 31, 2025, as the submission deadline for the 2025 cycle.
- Contact
Application contact: Walter Pauline Calderwood Foundatio
Mailing address: PO Box 1234, Wells, ME 04090
Phone: (207) 646-4355
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Walter and Pauline Calderwood Foundation funds
How this funder distributes its grants
Grant Size Distribution
127 grants across all recorded years
The most common grant size was under $50K: 127 grants of 127 (100%).
Geographic Focus
Where this funder awards grants
The foundation is based in Wells, Maine. All grant dollars reported for 2025 went to individual recipients in New Hampshire.
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
States
Cities
How Walter and Pauline Calderwood Foundation gives
- Giving fell 66% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 2020 to 2025, annual grant giving ranged from $39K (2025) to $116K (2022). In 2025 it made 11 grants totaling $39K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 11 grants to individuals Recipients not named | — | $39,000 |
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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 | $773,833 | $28,664 | $47,125 | $39,000 | 11 | $776,362 | $28,664 | $36,845 |
| 2024 | $738,583 | $41,817 | $81,480 | $74,500 | 22 | $778,038 | $41,817 | $35,896 |
| 2023 | $742,723 | $16,703 | $78,183 | $73,147 | 26 | $773,156 | $17,399 | $36,637 |
| 2022 | $754,917 | $168,892 | $116,608 | $116,000 | 36 | $752,513 | $15,985 | $36,672 |
| 2021 | $743,306 | $186,354 | $100,565 | $98,500 | 32 | $771,757 | $16,354 | $33,820 |
| 2020 | $639,307 | $184,499 | $82,534 | $81,750 | 27 | — | $14,499 | $28,251 |
Under IRS private-foundation payout rules, Walter and Pauline Calderwood Foundation reported a distributable amount of $37K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated charitable activity is a scholarship program supporting students with financial need who plan to attend an accredited two- or four-year college or university after high school.
Grantmaking
In 2025, the foundation reported 11 grants totaling $39,000. The grants went to individual recipients in New Hampshire and ranged from $1,500 to $15,000, with a median of $3,000. The listed grant purposes were financial aid for qualified students attending college or university after high school.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Kevin Garfield, James Garfield, and Benjamin Garfield as trustees.
Walter and Pauline Calderwood Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Benjamin Garfield
Trustee
On filings since 2020
1 hr/week
No compensation reported
James Garfield
Trustee
On filings since 2020
1 hr/week
No compensation reported
Kevin Garfield
Trustee
On filings since 2020
5 hrs/week
No compensation reported
Former officers (1)
- Former: Pauline L. Calderwood (2020–2022) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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 Walter and Pauline Calderwood Foundation
How much does Walter and Pauline Calderwood Foundation give each year?
Walter and Pauline Calderwood Foundation gave $39K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $75K across 22 grants.
What is Walter and Pauline Calderwood Foundation's typical grant size?
Walter and Pauline Calderwood Foundation's median grant in 2025 was $3,000, and its average grant was $3,545, across 11 grants on its 2025 IRS Form 990-PF.
Where does Walter and Pauline Calderwood Foundation give grants?
Walter and Pauline Calderwood Foundation gives mostly in New Hampshire: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Walter and Pauline Calderwood Foundation give general operating support?
Not in 2025: none of the 11 grants with a stated purpose on Walter and Pauline Calderwood Foundation's 2025 IRS Form 990-PF were described as general or operating support.
How large is Walter and Pauline Calderwood Foundation?
Walter and Pauline Calderwood Foundation reported $774K in total assets on its 2025 IRS Form 990-PF. It paid out $776K in qualifying distributions that year, against a required minimum of $37K (roughly 5% of its investment assets).
What does Walter and Pauline Calderwood Foundation fund?
The foundation’s stated charitable activity is a scholarship program supporting students with financial need who plan to attend an accredited two- or four-year college or university after high school. See mission & focus areas ↑
How do I apply for a grant from Walter and Pauline Calderwood Foundation?
The foundation’s 2025 filing describes an application process for students. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Walter and Pauline Calderwood Foundation's EIN?
Walter and Pauline Calderwood Foundation's EIN (Employer Identification Number) is 46-5416046. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
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