The Woodrow Wilson Foundation was an educational non-profit created in 1921, organized under the laws of New York, for the "perpetuation of Wilson's ideals" via periodic grants to worthy groups and individuals. Franklin D. Roosevelt was the chair of the group's governing National Committee, coordinating fundraising activity of parallel groups in each of the 48 states.
The group sought to gather a $1 million endowment fund, the interest on which was to pay for the group's cash awards. A national fundraising drive to raise the endowment was launched on January 16, 1922, but despite extensive organization and relentless publicity only half the financial target was raised by February 15. With its medal and endowment to allow for annual financial prizes, the Woodrow Wilson Foundation in its initial iteration resembled the Nobel Foundation and its Nobel Prizes, albeit on a smaller financial scale.
Beginning in 1963 the Woodrow Wilson Foundation financed publication of Wilson's collected works and related documents, a 69-volume series entitled The Papers of Woodrow Wilson. The difficulty and expense of this nearly 30-year project drained the energy and finances of the organization, which was terminated in 1993 — one year before completion of the Wilson Papers project.