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Joseph Francis Wallace Trust is a private trust based in MCGEHEE, AR. The foundation received its IRS ruling in 1995. The principal officer is % Gibbs Ferguson. It holds total assets of $6.4M. Annual income is reported at $330K. Salvation Army. According to available records, Joseph Francis Wallace Trust has made 53 grants totaling $1.5M, with a median grant of $5K. The foundation has distributed between $286K and $580K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $580K distributed across 30 grants. Individual grants have ranged from $250 to $295K, with an average award of $27K. The foundation has supported 24 unique organizations. Grant recipients are concentrated in Arkansas. Contributions to this foundation are tax-deductible.
Salvation Army
Expenses: $25K
McGehee Hospital Foundation
Expenses: $121K
Boys & Girls Club of McGehee, AR
Expenses: $52K
UAM Foundation for Scholarships
Expenses: $25K
Salvation Army. Based on available records, the foundation has funded 53 grants. Its grantmaking reaches organizations primarily in AR.
Joseph Francis Wallace Trust has distributed a total of $1.5M across 53 grants. The median grant size is $5K, with an average of $27K. Individual grants have ranged from $250 to $295K.
The application deadline is Applications are accepted at any time.. Scholarships and grants are limited to the education, maintenance, sustenance and rehabilitation of deserving people who are in need of assistance due to age, illness, disability, infirmity or adverse conditions and whose needs are not met through usual assistance from state or federal governments or from mainline charitable organizations.
Joseph Francis Wallace Trust is headquartered in MCGEHEE, AR.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert Lucky | Trustee | $2K | $0 | $2K |
| James R Daniels | Trustee | $2K | $0 | $2K |
| Gibbs Ferguson | Trustee | $0 | $0 | $0 |
Total Giving
$348K
Total Assets
$6.4M
Fair Market Value
$6.4M
Net Worth
$6.4M
Grants Paid
$293K
Contributions
$3K
Net Investment Income
$285K
Distribution Amount
$301K
Total Grants
53
Total Giving
$1.5M
Average Grant
$27K
Median Grant
$5K
Unique Recipients
24
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyCharity | Mcgehee, AR | $25K | 2023 |
| Cornerstone Christian AcademyCharity | Tillar, AR | $2K | 2023 |
| First Presbyterian ChurchCharity | Mcgehee, AR | $500 | 2023 |
| Mcgehee Hospital FoundationCharity | Mcgehee, AR | $117K | 2023 |
STUTTGART, AR
NEW YORK, NY
GERALDINE, AL
LAURENS, SC
LITTLE ROCK, AR
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Boys Girls Club Of Southeast ArCharity |
| Mcgehee, AR |
| $50K |
| 2023 |
| Mcgehee Food PantryCharity | Mcgehee, AR | $36K | 2023 |
| Uam FoundationScholarships | Monticello, AR | $25K | 2023 |
| Mcgehee Cemetery AssocCharity | Mcgehee, AR | $9K | 2023 |
| Mcgehee Industrial FoundationCharity | Mcgehee, AR | $5K | 2023 |
| Foundation For Boys Girls Club Of MCharity | Mcgehee, AR | $5K | 2023 |
| Mcgehee Men'S ClubCharity | Mcgehee, AR | $5K | 2023 |
| Women'S Service LeagueCharity | Mcgehee, AR | $3K | 2023 |
| Mcgehee Fallen Firefighters MemoriaCharity | Mcgehee, AR | $3K | 2023 |
| Mcgehee Parks RecreationCharity | Mcgehee, AR | $2K | 2023 |
| Friends Of Mcgehee Branch LibraryCharity | Mcgehee, AR | $1K | 2023 |
| Paws ClawsCharity | Mcgehee, AR | $1K | 2023 |
| City Of Mcgehee OwlfestCivic | Mcgehee, AR | $1K | 2023 |
| Mcgehee Safe PromCharity | Mcgehee, AR | $500 | 2023 |
| Mcgehee Chamber Of CommerceCivic | Mcgehee, AR | $500 | 2023 |
| South Mcgehee Hwy 65 Cemetary MaintCharity | Mcgehee, AR | $500 | 2023 |
| Johnny Polite Memorial FoundationCharity | Mcgehee, AR | $250 | 2023 |
| Boys Girls Club Of McgeheeCharity | Mcgehee, AR | $52K | 2022 |
| Wallace Trust FoundationScholarships/Charitable | Mcgehee, AR | $11K | 2022 |
| 1408 Crooked Bayou DriveCharity | Mcgehee, AR | $500 | 2022 |
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