Wade is well known for his philanthropic involvement. In 2003, he founded The Wade's World Foundation, which provides support to community-based organizations that promote education, health, and social skills for children in at-risk situations. He hosts a variety of community outreach programs in Chicago and South Florida. In 2008, he announced his partnership with former teammate Alonzo Mourning's charitable foundation and co-hosted ZO's Summer Groove, an annual summer event. On December 24, 2008, Wade purchased a new home for a South Florida woman whose nephew accidentally burned down the family home. In addition, Wade donated furnishings, clothing and gifts to the family.