Giving for the benefit of people in Mason City and Cerro Gordo County, Iowa, through 501(c)(3) organizations or governmental organizations.

Scholarship awards to nursing students from Sumner, Iowa, area.

Scholarship awards to residents of Iowa.

Giving primarily to educational and religious organizations.

The mission of the foundation is to improve lives and strengthen communities for present and future generations.

The foundation supports organizations involved with arts and culture, education, the environment, HIV/AIDS, housing, human services, community development, senior citizens, minorities, economically disadvantaged people, and other areas.

Giving primarily to United Methodist organizations. Some support for other Protestant organizations and for education.

Scholarship awards to graduating seniors at Burlington High School, Iowa.

To support local religious, charitable, and civic organizations.

The Hubbell-Waterman Foundation seeks to improve the quality of life for the citizens of the Quad Cities by financially supporting areas of need in culture and the arts, early childhood education (pre-K to 12) and social welfare.