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Also known as: MONTE J AND ANNE H WALLACE TRUSTEES
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Monte J Wallace Foundation is a private trust based in BOSTON, MA. The foundation received its IRS ruling in 2001. It holds total assets of $450K. Annual income is reported at $383K. Total assets have grown from $306K in 2010 to $450K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. According to available records, Monte J Wallace Foundation has made 5 grants totaling $1.2M, with a median grant of $50K. Annual giving has decreased from $650K in 2021 to $1K in 2023. Individual grants have ranged from $1K to $600K, with an average award of $248K. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in New Jersey and Massachusetts. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Monte J Wallace Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NJ, MA.
Monte J Wallace Foundation has distributed a total of $1.2M across 5 grants. The median grant size is $50K, with an average of $248K. Individual grants have ranged from $1K to $600K.
Monte J Wallace Foundation typically selects its grantees rather than accepting unsolicited proposals.
Monte J Wallace Foundation is headquartered in BOSTON, MA. While based in MA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Monte J Wallace | TRUSTEE | $0 | $0 | N/A |
| W Gardner Wallace | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$450K
Fair Market Value
N/A
Net Worth
$450K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
5
Total Giving
$1.2M
Average Grant
$248K
Median Grant
$50K
Unique Recipients
2
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Groton SchoolIN MEMORY OF CHARLES ALEXANDER | Groton, MA | $1K | 2023 |
| Princeton UniversityEDUCATION | Princeton, NJ | $540K | 2022 |