Also known as: The Reshmi & Mahmood Siddique Foundation
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Wellness Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2015. The principal officer is Foundation Source. It holds total assets of $5.8M. Annual income is reported at $1.5M. Total assets have grown from $594K in 2015 to $5.8M in 2024. The foundation is governed by 4 officers and trustees. Tax records are available from 2016 to 2024. The foundation primarily funds organizations in New Jersey, Illinois and Massachusetts. According to available records, Wellness Foundation has made 7 grants totaling $177K, with a median grant of $5K. Annual giving has decreased from $121K in 2020 to $56K in 2022. Individual grants have ranged from $3K to $113K, with an average award of $25K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in New Jersey. Contributions to this foundation are tax-deductible.
Wellness Foundation is not a public-facing grantmaker — it is the DBA of The Reshmi and Mahmood Siddique Foundation, a $5.8M-asset family private foundation registered in Wilmington, DE and administered by Foundation Source, a third-party platform commonly used by small family foundations that don't want to staff their own office. Governance is entirely family-held: Mahmood I. Siddique, Reshmi M. Siddique, Rania Siddique, and Ryan Siddique sit as directors/officers, all drawing zero compensation, which signals a personally-funded, personally-directed vehicle rather than an institutional program with staff program officers. The database's own flags are telling: 'preselected_only' is true, application_instructions is blank, there is no stated deadline, and no funding cycle — despite a general 'accepting applications' flag that likely reflects default IRS/990 posture rather than an active open call. In practice, this foundation gives to organizations the family already knows. Of the seven grants captured in this data, 100% went to three New Jersey nonprofits tied to the Princeton area, where the Siddiques appear to be personally embedded (they also run a Reshmi and Mahmood Siddique Charitable Fund through Princeton Area Community Foundation — a parallel, donor-advised giving vehicle). Princeton Area Community Foundation itself received $124,000 across four grants (71% of all tracked giving), spanning its Fund for Women and Girls, the family's own named fund there, and a Women and Girls Covid Recovery Program — indicating a strong, sustained affinity for women- and girls-focused programming channeled through a trusted community-foundation intermediary. Muslim Center of Greater Princeton received $50,000 across two grants for a social-worker position, suggesting interest in direct human-services staffing support, and Womanspace Inc. received a modest $2,500 in-kind-adjacent gift (Thanksgiving gift cards for families), pointing to occasional small, tangible-needs giving alongside the larger strategic grants. First-time applicants with no existing relationship to the family or to PACF's Princeton-area donor network should treat this as a low-probability cold-outreach target; a warm introduction through a shared board member, PACF program staff, or the Muslim Center of Greater Princeton's network is far more likely to open a conversation than an unsolicited LOI mailed to the Foundation Source address.
Total giving has swung significantly year to year: $17,062 (FY2015) rising through $117,194 (FY2019), $157,899 (FY2020), a peak of $440,126 (FY2021), a sharp drop to $81,371 (FY2022), and a rebound to $150,923 (FY2023); FY2024 total_giving is not yet reported in filings, though total revenue rose to $854,499 (from $203,709 in FY2023) and total assets grew to $5,802,807 (from $5,158,183), suggesting a large contribution or investment gain flowed in that the foundation has likely not yet distributed. Grants paid by year: $10,000 (2015), $89,900 (2019), $120,500 (2020), $390,000 (2021 — the outlier year, coinciding with $1,004,264 in contributions received and $1,040,132 in net investment income), $28,000 (2022), and $115,500 (2023). This pattern — giving that spikes with inbound contributions rather than following a smooth payout schedule — is typical of a small family foundation funded episodically by the founders rather than off a large permanent endowment. Based on the DB's typical_grant_size record (drawn from a broader 8-grant sample), the median grant is $25,000, with a range from $3,000 to $150,000 and an average of $48,750 — the average sits well above the median because a small number of larger gifts (like the $124,000 cumulative Princeton Area Community Foundation relationship) pull the mean up. Of the seven specifically tracked grants totaling $176,500, all seven (100%) went to New Jersey-based organizations, and the average per-grant size across those was $25,214. By program purpose, roughly 70% of tracked dollars ($124,000) supported women- and girls-focused funds and COVID-recovery programming at a community foundation, 28% ($50,000) funded direct social-work staffing at a faith-based community center, and about 1.4% ($2,500) covered a small holiday-giving gesture — indicating a foundation that pairs one or two anchor strategic relationships with occasional smaller, tangible-needs gifts. The DB's stated geographic_focus fields (NJ, IL, MA) are broader than the actual grant history shows; every dollar tracked so far has stayed in New Jersey.
| Foundation | Assets | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|
| Wellness Foundation (Siddique) | $5.80M | ~$81K-$440K (highly variable) | Community Development / Women & Girls, Human Services | Preselected only, no public process |
| Woody Family Foundation | $5.80M | Not disclosed | Philanthropy & Grantmaking | Not disclosed |
| Jack Yanoff Family Foundation | $5.80M | Not disclosed | Philanthropy & Grantmaking | Not disclosed |
| Brothers Ashkenazi Foundation Inc. | $5.80M | Not disclosed | Philanthropy & Grantmaking | Not disclosed |
| One Accord Charity Foundation | $5.80M | Not disclosed | Philanthropy & Grantmaking | Not disclosed |
| Faber Future Foundation | $5.80M | Not disclosed | Philanthropy & Grantmaking | Not disclosed |
All five identified peers sit within roughly $2,000 of this foundation's $5.80M asset base and share its NTEE classification of Philanthropy & Grantmaking, none list a public website, and none have disclosed application processes — a strong signal this is a cluster of similarly-structured, Foundation-Source-administered family vehicles rather than a genuine competitive set. None of the peers publish giving totals in the data available, so no relative-generosity comparison is possible; grant seekers should not expect any of these six organizations to run an open, competitive process, and should prioritize relationship-building over cold applications across the whole group.
No news coverage, press releases, or public announcements about Wellness Foundation or The Reshmi and Mahmood Siddique Foundation were found for 2025 or 2026 in web searches — expected for a foundation of this size and structure, which has no communications function and no public website of its own. The most recent verified financial signal is from the FY2024 filing: total assets grew to $5,802,807 (up from $5,158,183 in FY2023, a roughly 12.5% increase) and total revenue jumped to $854,499 (up from $203,709 in FY2023), though FY2024 grants_paid and total_giving figures were not yet available in this data pull, likely because that filing is either recent or still processing. Leadership has been stable across the tracked period, with the same four family members (Mahmood I. Siddique, Reshmi M. Siddique, Rania Siddique, Ryan Siddique) holding director/officer roles in every recorded year and drawing no compensation. The last known concrete grant activity in the data is the FY2023 cycle, when $115,500 in grants were paid, consistent with continued support to the Princeton Area Community Foundation and Muslim Center of Greater Princeton relationships established in prior years. Grant seekers should treat this as a foundation currently building reserves (asset and revenue growth in FY2024) that may translate into a larger distribution year ahead, but there is no public signal yet of new program areas, new staff, or a shift away from its NJ-concentrated giving pattern.
There is no formal, publicly documented application process for this foundation — the record shows a blank application_instructions field, no deadline, and no funding cycle, and the foundation is flagged in this data as preselected-only, meaning grants are initiated by the family rather than solicited through open calls. Do not rely on a cold LOI mailed to the Foundation Source administrative address (501 Silverside Rd, Wilmington, DE); Foundation Source is a back-office platform serving many family foundations and has no discretion to evaluate or forward unsolicited proposals. The single most productive move for an unfamiliar organization is to build a relationship with Princeton Area Community Foundation (PACF) — the family already operates a named donor-advised fund there (the 'Reshmi and Mahmood Siddique Charitable Fund') and has routed $124,000 of the $176,500 in tracked giving through PACF's Fund for Women and Girls and its Women and Girls COVID Recovery Fund. Organizations serving women and girls in the greater Princeton/Mercer County area, or offering direct human-services staffing (as with the Muslim Center of Greater Princeton's social-worker grant), most closely match this foundation's demonstrated interests. If your organization has any existing tie to the Princeton-area Muslim community, to PACF's grantee network, or to women's-services nonprofits in central New Jersey, lead with that connection explicitly rather than a generic mission-alignment pitch. Avoid broad, national, or non-NJ proposals — every dollar traced in this data stayed within New Jersey, despite the DB's broader NJ/IL/MA geographic-focus tag. Because giving volume tracks the family's own contribution and investment inflows (it swung from $28,000 in grants paid in 2022 to $115,500 in 2023), timing outreach to a year after a reported spike in foundation assets or revenue (such as the FY2024 jump to $854,499 in revenue) may improve odds of a responsive year. The common mistake to avoid: treating this like a large institutional funder with a program officer and RFP calendar — it is a two-couple family giving vehicle, and proposals should be personal, relationship-first, and modest in scale (median historical grant is $25,000).
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Smallest Grant
$3K
Median Grant
$25K
Average Grant
$49K
Largest Grant
$150K
Based on 8 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Total giving has swung significantly year to year: $17,062 (FY2015) rising through $117,194 (FY2019), $157,899 (FY2020), a peak of $440,126 (FY2021), a sharp drop to $81,371 (FY2022), and a rebound to $150,923 (FY2023); FY2024 total_giving is not yet reported in filings, though total revenue rose to $854,499 (from $203,709 in FY2023) and total assets grew to $5,802,807 (from $5,158,183), suggesting a large contribution or investment gain flowed in that the foundation has likely not yet distribut.
Wellness Foundation has distributed a total of $177K across 7 grants. The median grant size is $5K, with an average of $25K. Individual grants have ranged from $3K to $113K.
Wellness Foundation is not a public-facing grantmaker — it is the DBA of The Reshmi and Mahmood Siddique Foundation, a $5.8M-asset family private foundation registered in Wilmington, DE and administered by Foundation Source, a third-party platform commonly used by small family foundations that don't want to staff their own office. Governance is entirely family-held: Mahmood I. Siddique, Reshmi M. Siddique, Rania Siddique, and Ryan Siddique sit as directors/officers, all drawing zero compensation.
Wellness Foundation is headquartered in WILMINGTON, DE. The foundation primarily funds organizations in New Jersey, Illinois, Massachusetts.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Reshmi M Siddique | Pres, Dir, Treas | $0 | $0 | N/A |
| Ryan Siddique | Dir, VP | $0 | $0 | N/A |
| Rania Siddique | Dir, VP | $0 | $0 | N/A |
| Mahmood I Siddique | Dir, Sec, VP | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$5.8M
Fair Market Value
N/A
Net Worth
$5.8M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
7
Total Giving
$177K
Average Grant
$25K
Median Grant
$5K
Unique Recipients
3
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Muslim Center Of Greater Princeton IncSocial Worker fund | Princeton Jct, NJ | $25K | 2022 |
| Princeton Area Community Foundation IncFund for Women and Girls | Lawrenceville, NJ | $3K | 2022 |
| Womanspace Incto purchase Thanksgiving Gift Cards for families | Lawrenceville, NJ | $3K | 2020 |
WILMINGTON, DE
WILMINGTON, DE
WILMINGTON, DE