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Allyrae Wallace Educational Trust is a private trust based in CAMDEN, AL. The foundation received its IRS ruling in 1996. It holds total assets of $1.8M. Annual income is reported at $266K. Total assets have decreased from $2.9M in 2011 to $1.8M in 2023. The foundation is governed by 2 officers and trustees. The foundation awards cash scholarships to wilcox county residents to attend college or vocational schools. The foundation awarded over 350 scholarships this year. Tax records are available from 2015 to 2023. According to available records, Allyrae Wallace Educational Trust has made 111 grants totaling $575K, with a median grant of $2K. Annual giving has grown from $81K in 2021 to $203K in 2023. Grantmaking activity was highest in 2022 with $292K distributed across 58 grants. Individual grants have ranged from $125 to $43K, with an average award of $5K. The foundation has supported 37 unique organizations. The foundation primarily supports organizations in Alabama, Mississippi, Utah, which account for 88% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
The foundation awards cash scholarships to wilcox county residents to attend college or vocational schools. The foundation awarded over 350 scholarships this year.
Expenses: $81K
The foundation awards cash scholarships to wilcox county residents to attend college or vocational schools. The foundation awarded over 350 scholarships this year. Based on available records, the foundation has funded 111 grants. Its grantmaking reaches organizations primarily in AL, MS, UT.
Allyrae Wallace Educational Trust has distributed a total of $575K across 111 grants. The median grant size is $2K, with an average of $5K. Individual grants have ranged from $125 to $43K.
The application deadline is FEBRUARY 1. The applicant must be a resident of wilcox county and making progress towards a college degree.
Allyrae Wallace Educational Trust is headquartered in CAMDEN, AL. While based in AL, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rj Browder | TRUSTEE | $20K | $0 | $20K |
| John Strother | TRUSTEE | $20K | $0 | $20K |
Total Giving
$359K
Total Assets
$1.8M
Fair Market Value
$5.2M
Net Worth
$1.8M
Grants Paid
$203K
Contributions
N/A
Net Investment Income
$199K
Distribution Amount
$254K
Total: $72K
Total Grants
111
Total Giving
$575K
Average Grant
$5K
Median Grant
$2K
Unique Recipients
37
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of AlabamaEDUCATIONAL SCHOLARSHIP | Tuscaloosa, AL | $20K | 2023 |
| Mississippi State UniversityEDUCATIONAL SCHOLARSHIP | Starkville, MS | $5K | 2023 |
| Auburn UniversityEDUCATIONAL SCHOLARSHIP | Auburn, AL | $43K | 2023 |
| Troy UniversityEDUCATIONAL SCHOLARSHIP | Troy, AL | $18K | 2023 |
| University Of West AlabamaEDUCATIONAL SCHOLARSHIP | Livingston, AL | $17K | 2023 |
| University Of South AlabamaEDUCATIONAL SCHOLARSHIP | Mobile, AL | $16K | 2023 |
| Alabama A MEDUCATIONAL SCHOLARSHIP | Huntsville, AL | $15K | 2023 |
| Coastal Alabama CommunityEDUCATIONAL SCHOLARSHIP | Bay Minette, AL | $14K | 2023 |
| Southern Union State Comm CollegeEDUCATIONAL SCHOLARSHIP | Wadley, AL | $9K | 2023 |
| Utah Valley UniversityEDUCATIONAL SCHOLARSHIP | Orem, UT | $7K | 2023 |
| Auburn University MontgomeryEDUCATIONAL SCHOLARSHIP | Montgomery, AL | $7K | 2023 |
| Alabama State UniversityEDUCATIONAL SCHOLARSHIP | Montgomery, AL | $5K | 2023 |
| University Of Alabama BirminghamEDUCATIONAL SCHOLARSHIP | Birmingham, AL | $4K | 2023 |
| United States Naval AcademyEDUCATIONAL SCHOLARSHIP | Annapolis, MD | $3K | 2023 |
| Miles CollegeEDUCATIONAL SCHOLARSHIP | Fairfield, AL | $3K | 2023 |
| Jacksonville State UniversityEDUCATIONAL SCHOLARSHIP | Jacksonville, AL | $3K | 2023 |
| University Of MississippiEDUCATIONAL SCHOLARSHIP | Oxford, MS | $3K | 2023 |
| Shelton State Community CollegeEDUCATIONAL SCHOLARSHIP | Tuscaloosa, AL | $3K | 2023 |
| Faulkner State UniversityEDUCATIONAL SCHOLARSHIP | Montgomery, AL | $2K | 2023 |
| University Of North AlabamaEDUCATIONAL SCHOLARSHIP | Florence, AL | $2K | 2023 |
| Wallace Community CollegeEDUCATIONAL SCHOLARSHIP | Selma, AL | $950 | 2023 |
| University Of MontevalloEDUCATIONAL SCHOLARSHIP | Montevallo, AL | $900 | 2023 |
| Bishop State Community CollegeEDUCATIONAL SCHOLARSHIP | Mobile, AL | $725 | 2023 |