Hubbell-Waterman Foundation

Quick Stats

• Annual Giving: $1,926,274 (2024)
• Total Assets: $38,589,699 (2024)
• Geographic Focus: Quad Cities region (Iowa/Illinois)
• Foundation Type: Private Grantmaking Foundation
• Established: 1967

Contact Details

Website: www.hubbellwaterman.org
Phone: (563) 326-2840
Address: Administered by Quad Cities Community Foundation
852 Middle Road, Suite 100
Bettendorf, IA 52722

Overview

The Hubbell-Waterman Foundation is a private grantmaking foundation established in 1967 that has been serving the Quad Cities region for over 55 years. With total assets of approximately $38.6 million and annual charitable disbursements of nearly $2 million, the foundation works toward creating a growing, thriving, and compassionate Quad Cities community. The foundation generates most of its revenue through investment income, including dividends ($1.1 million), sales of assets ($529,000), and interest revenue ($241,000), allowing it to maintain consistent grant-making capacity. The foundation operates with the belief that "generosity is contagious" and focuses on strategic investments in education, quality of life, and economic opportunities.

Funding Priorities

Priority Areas

The foundation invests in three core areas:

1. Education Innovation - Supporting innovative educational programs and initiatives
2. Enhancing Quality of Life - Improving community well-being through arts, culture, and social services
3. Fostering Economic Opportunities - Building economic vitality in the Quad Cities region

Known Grantees

Recent recipients include:

• Ballet Quad Cities
• Putnam Museum
• Habitat for Humanity
• Boys and Girls Club of Mississippi Valley
• Humility Homes and Services
• Hand in Hand
• Nahant Marsh
• Two Rivers YMCA
• Tapestry Farms

Governance and Leadership

The foundation is administered through the Quad Cities Community Foundation, leveraging their infrastructure and expertise for grant management and community connections. The foundation operates with no compensation paid to trustees or officers, directing maximum resources toward charitable activities.

Application Process & Timeline

How to Apply

The foundation accepts grant applications through an online portal using GrantInterface. Organizations can access the application at www.hubbellwaterman.org. The foundation appears to have a structured application process managed through the Quad Cities Community Foundation.

Geographic Eligibility

Applications are limited to organizations serving the Quad Cities region, which includes communities in both Iowa and Illinois along the Mississippi River.

Key Takeaways for Grant Writers

• The foundation has substantial assets ($38.6 million) and consistent annual giving capacity of approximately $2 million
• They support a diverse range of organizations from arts and culture to social services and education
• The foundation values community strength and inclusivity
• With 83.9% of expenses going directly to charitable disbursements, they maintain efficient operations
• Applications are managed through a professional online platform, suggesting a structured review process
• The foundation's long history (55+ years) indicates stable, consistent support for the region

References

• Hubbell-Waterman Foundation official website: www.hubbellwaterman.org (accessed December 2024)
• ProPublica Nonprofit Explorer - Hubbell Waterman Foundation profile and Form 990 data (accessed December 2024)
• GuideStar Profile for EIN 42-6126467 (accessed December 2024)
• Quad Cities Community Foundation contact information (accessed December 2024)