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The Wallace Family Foundation Inc. is a private corporation based in SALISBURY, NC. The foundation received its IRS ruling in 2014. It holds total assets of $5.5M. Annual income is reported at $389K. Total assets have grown from $43K in 2007 to $5.5M in 2023. The foundation is governed by 2 officers and trustees. Salisbury academy is an independent, co-educational school serving students in elementary and middle school in salisbury,nc. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in North Carolina and South Carolina. According to available records, The Wallace Family Foundation Inc. has made 73 grants totaling $1.9M, with a median grant of $554. Annual giving has grown from $77K in 2020 to $882K in 2022. Grantmaking activity was highest in 2021 with $902K distributed across 34 grants. Individual grants have ranged from N/A to $600K, with an average award of $25K. The foundation has supported 51 unique organizations. The foundation primarily supports organizations in North Carolina, South Carolina, New York, which account for 97% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Novant health is a leading healthcare provider with multiple hospitals and hundreds of physicians in north carolina and other sourrounding states.
Expenses: $600K
Catawba colege offers the personal attention of a small liberal arts college. Our mission is to educate students who seek purpose filled lives, while building a community dedicated to serving humanity in the spirit of our motto, pro humanitate.
Expenses: $250K
Wake forest university offers the personal attention of a small liberal arts college, coupled with the breadth and global relevancy of a leading research institution. Our mission is to educate the whole person, graduation students who seek purpose filled lives while building a community dedicated to serving humanity in the spirit of our motto, pro humanitate.
Expenses: $10K
United way rowan's vision is to be a recognized, integral leader and a valued partner in building a stronger and healthier community. We will improve lives by mobilizing the communities time, talent and resources to assist those who need it most.
Expenses: $5K
Salisbury academy is an independent, co-educational school serving students in elementary and middle school in salisbury,nc. Based on available records, the foundation has funded 73 grants. Its grantmaking reaches organizations primarily in NC, SC, NY.
The Wallace Family Foundation Inc. has distributed a total of $1.9M across 73 grants. The median grant size is $554, with an average of $25K. Individual grants have ranged from N/A to $600K.
The application deadline is THE WINDOW FOR SUBMITTING GRANT REQUESTS IS SEPTEMBER 1 - SEPTEMBER 30.. Recipients must provide a copy of the letter of determination from the irs.
The Wallace Family Foundation Inc. is headquartered in SALISBURY, NC. While based in NC, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lee Wallace | TREAS/SECRET | $0 | $0 | N/A |
| Mona Lisa Wallace | PRESIDENT | $0 | $0 | N/A |
Total Giving
$656K
Total Assets
$5.5M
Fair Market Value
$5.5M
Net Worth
$5.5M
Grants Paid
$650K
Contributions
$500K
Net Investment Income
$293K
Distribution Amount
$118K
Total: $4.7M
Total Grants
73
Total Giving
$1.9M
Average Grant
$25K
Median Grant
$554
Unique Recipients
51
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| United WaySUPPORT COMMUNITY | Salisbury, NC | $2K | 2021 |
| American LegionVETERANS | Rockhill, SC | $1K | 2021 |
| Faithful FriendsANIMAL SHELTER | Salisbury, NC | $400 | 2021 |
| Novant Medical CenterMEDICAL CENTER | Salisbury, NC | $600K | 2022 |
| Salisbury AcademyEDUCATION | Salisbury, NC | $200K | 2022 |
| Nc Museum Of Dolls And ToysEDUCATION | Spencer, NC | $23K | 2022 |
| Linville Ridge Employee Asst FundCOMMUNITY | Linville, NC | $20K | 2022 |
| Historic Salisbury FoundationHISTORIC PRESERVATION | Salisbury, NC | $14K | 2022 |
| Lee St TheatreTHEATRE | Salisbury, NC | $5K | 2022 |
| United Way RowanCOMMUNITY | Salisbury, NC | $5K | 2022 |
| Meroney Theater Piedmont PlayersTHEATRE | Salisbury, NC | $5K | 2022 |
| YmcaCOMMUNITY | Salisbury, NC | $5K | 2022 |
| Dancing With The Stars Of CharlotteEDUCATION | Charlotte, NC | $1K | 2022 |
| Catawba CollegePRIVATE UNIVERSITY | Salisbury, NC | $1K | 2022 |
| Salisbury Lions ClubHUMANITARIAN SERVICES | Salisbury, NC | $1K | 2022 |
| Children'S Flight Of HopeFAMILEY SERVICES | Raleigh, NC | $1K | 2022 |
| Rowan Helping MinistriesCOMMUNITY | Salisbury, NC | $554 | 2022 |
| Families First Nc IncSHELTER | Salisbury, NC | $500 | 2022 |
| North Hills Christian SchoolEDUCATION | Salisbury, NC | $500 | 2022 |
| Rowan Heart Fund BallCOMMUNITY | Salisbury, NC | $350 | 2022 |
| Wake Forest UniversityPRIVATE UNIVERSITY | Winston Salem, NC | $10K | 2021 |
| Lawrence Stanback ScholarshipEDUCATION | Durham, NC | $5K | 2021 |
| Meals On WheelsSOCIAL SERVICES | Spencer, NC | $2K | 2021 |
| Rowan Public LibraryPUBLIC LIBRARY | Salisbury, NC | $2K | 2021 |
| Three Rivers Land TrustCONSERVATION | Salisbury, NC | $1K | 2021 |
| Muddy SneakersPROMOTE ENVIRONMENTAL EDUTCATION IN | Brevard, NC | $500 | 2021 |
| Boy Scouts Of AmericaYOUTH ORGANIZATION | Salisbury, NC | $500 | 2021 |
| Family Crisis CenterSHELTER | Salisbury, NC | $500 | 2021 |
| Partners In LearningPRESCHOOL | Salisbury, NC | $500 | 2021 |
| Eastminster Daycare FoundationCHILDCARE DEVELOPMENT | East Lansing, MI | $500 | 2021 |
| Nc Doll & Toy MuseumMUSEUM | Spencer, NC | $400 | 2021 |
| Brook Green GardenBOTANICAL GARDEN | Murrells Inlet, SC | $300 | 2021 |
| Family Crises CouncilSHELTER | Salisbury, NC | $250 | 2021 |
| Community Care ClinicMEDICAL CLINIC | Salisbury, NC | $250 | 2021 |
| Sacred Heart Catholic ChurchCHRISTIAN EDUCATION | Salisbury, NC | $150 | 2021 |
| Brook Green GardensCULTURAL CONSERVATION | Murrells Inlet, SC | $110 | 2021 |
| Tabernacle UmcWORSHIP | Greensboro, NC | $100 | 2021 |
| Novant Health FoundationIMPROVE COMMUNITY HEALTH | Charlotte, NC | $100 | 2021 |
| Shelter GuardiansANIMAL SHELTER | Salisbury, NC | $100 | 2021 |
| Alzheimer'S AssociationDISEASE PREVENTION | Chicago, IL | $100 | 2021 |
| Sancutary House Of GsoSHELTER | Greensboro, NC | N/A | 2021 |