The Way Foundation Inc
EIN 823325659About
We respectfully request that Way Foundation Inc.'s quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $26 penalty indicated on Form 2220 be abated because the underpayment in Q3&4 were due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm was unable to reconcile the Foundation's accounts fully in order to calculate the necessary estimated tax payment for Q3&4 based on the annualization method. The underpayment was no fault of the foundation's and the firm is enhancing its procedures to improve its reconciliation process for future quarters. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules, and respectfully request that no 2220 penalty be assessed.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2018 | $797K | $20.3M | $22.1M | 11 |
| 2019 | N/A | $23.1M | $944K | N/A |
| 2020 | $1.3M | $24.0M | $171K | 24 |
| 2022 | $1.1M | $22.6M | $554K | 27 |
| 2023 | $1.1M | $29.6M | $5.8M | 31 |
| 2024 | $1.5M | $36.1M | $5.4M | 29 |
Grant Size Distribution
Based on 122 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (122 total)
| Purpose | ||||
|---|---|---|---|---|
| Boy Scouts of America | Baltimore, MD | $300,000 | Diamond Campaign | 2022 |
| Baltimore Area Council #220 Boy Scouts of America | Baltimore, MD | $300,000 | TO SUPPORT REGULAR OPERATIONS IN EDUCATION. | 2018 |
| Baltimore Area Council #220 Boy Scouts of America | Baltimore, MD | $300,000 | TO SUPPORT REGULAR OPERATIONS IN EDUCATION. | 2020 |
| Cal Ripken Sr Foundation Inc | Baltimore, MD | $272,500 | Cal Ripken, Sr. Foundation STEM Centers & Community Enhancement Project | 2024 |
| Food Fix Campaign Inc | Chicago, IL | $250,000 | General & Unrestricted | 2022 |
| Hanover Public Library Association | Hanover, PA | $250,000 | TO SUPPORT REGULAR OPERATIONS IN EDUCATION. | 2018 |
| Food Fix Campaign | Chicago, IL | $250,000 | TO SUPPORT REGULAR OPERATIONS IN HEALTH AND FOODS | 2020 |
| Food Fix Campaign Inc | Chicago, IL | $250,000 | Food Fix Campaign | 2023 |
| Cal Ripken Sr Foundation Inc | Baltimore, MD | $200,000 | Community Enhancement Project at the Spring Grove YMCA in Hanover, PA | 2023 |
| Young Womens Christian Association | Hanover, PA | $200,000 | YWCA Hanover Capital Campaign | 2024 |
| Food Fix Campaign Inc | Chicago, IL | $125,000 | General & Unrestricted | 2024 |
| Orchard Friends School | Riverton, NJ | $105,000 | TO SUPPORT REGULAR OPERATIONS IN EDUCATION. | 2020 |
| National Center for Family Recovery (Ncffr) | Philadelphia, PA | $101,250 | TO SUPPORT REGULAR OPERATIONS IN EDUCATION. | 2020 |
| University of Delaware | Newark, DE | $100,000 | Delaware First Campaign | 2022 |
| University of Delaware | Newark, DE | $100,000 | TO SUPPORT REGULAR OPERATIONS IN EDUCATION. | 2018 |
| Shining Stars Therapeutic Riding Program Inc | Gettysburg, PA | $100,000 | Capital Campaign | 2024 |
| Hanover Public Library Association Inc | Hanover, PA | $70,000 | Re-envisioning the Teen Library Space | 2022 |
| Hanover Public Library Association Inc | Hanover, PA | $70,000 | Guthrie Memorial Library | 2023 |
| Orchard Friends School a New Jersey Nonprofit Corp | Riverton, NJ | $70,000 | Communication is Connection | 2024 |
| Training Leaders Through Athletics Inc | Hanover, PA | $67,500 | Everyday Champions - Community Leadership Development center | 2024 |
| For the Love of a Veteran Inc | Hanover, PA | $65,000 | Helping Heroes Heal | 2024 |
| Orchard Friends School a New Jersey Nonprofit Corp | Riverton, NJ | $63,000 | OFS Communications | 2023 |
| Gerstell Academy | Finksburg, MD | $60,000 | TO SUPPORT REGULAR OPERATIONS IN ENVIRONMENTAL EDUCATION | 2020 |
| The College Settlement of Philadelphia | Horsham, PA | $57,000 | College Settlement's Summer Camper Fund and Nutrition Program | 2024 |
| University of Delaware | Newark, DE | $52,500 | Regenerative Agriculture & UD Fresh to you farm | 2024 |