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Wallace Foundation is a private corporation based in MORRISTOWN, TN. The foundation received its IRS ruling in 1964. It holds total assets of $5.3M. Annual income is reported at $1.4M. According to available records, Wallace Foundation has made 62 grants totaling $252K, with a median grant of $2K. Annual giving has grown from $67K in 2021 to $120K in 2023. Individual grants have ranged from $1K to $30K, with an average award of $4K. The foundation has supported 38 unique organizations. The foundation primarily supports organizations in Tennessee, Louisiana, Missouri, which account for 81% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
Wallace Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 62 grants. Its grantmaking reaches organizations primarily in TN, LA, MO.
Wallace Foundation has distributed a total of $252K across 62 grants. The median grant size is $2K, with an average of $4K. Individual grants have ranged from $1K to $30K.
SUBJECT TO FINAL APPROVAL BY OFFICERS.
Wallace Foundation is headquartered in MORRISTOWN, TN. While based in TN, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Doyle M Wallace | PRESIDENT | $0 | $0 | $0 |
| Robin W Dawson | TREASURER | $0 | $0 | $0 |
| Lisa W Trusler | SECRETARY | $0 | $0 | $0 |
Total Giving
$140K
Total Assets
$4.3M
Fair Market Value
$4.3M
Net Worth
$4.3M
Grants Paid
$120K
Contributions
$2.9M
Net Investment Income
$40K
Distribution Amount
$168K
Total: $4M
Total Grants
62
Total Giving
$252K
Average Grant
$4K
Median Grant
$2K
Unique Recipients
38
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| FcaGENERAL | Morristown, TN | $3K | 2023 |
| Rotary ClubGENERAL | Morristown, TN | $2K | 2023 |
| CruGENERAL | Orlando, FL | $2K | 2023 |
| First Baptist ChurchTRAIL LIFE | Morristown, TN | $1K | 2023 |
Other foundations that have funded Wallace Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Charles P Ferro Foundation | $2K | 2023 | OPERATING SUPPORT |
| Ben And Bonnie Walkingstick Foundation | $25K | 2022 | OPERATING EXPENSES |
| Ben And Bonnie Walkingstick Foundation | $25K | 2022 | OPERATING EXPENSES |
| Colton Famliy Foundation | $5K | 2022 | UNRESTRICTED |
SPRINGFIELD, VA
WILMINGTON, DE
MILWAUKEE, WI
LEBANON, PA
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| Mission To The WorldGENERAL |
| Lawrenceville, GA |
| $1K |
| 2023 |
| Rogers FoundationGENERAL FUND | Morristown, TN | $1K | 2021 |
| Carson Newman UniversitySCHOLARSHIP | Jefferson City, TN | $28K | 2023 |
| New Orleans Baptist Theological SemGENERAL | New Orleans, LA | $15K | 2023 |
| Challenge Golf AssociationGENERAL | Graham, NC | $10K | 2023 |
| Helen Ross Mcnabb FoundationGENERAL FUND | Knoxville, TN | $9K | 2023 |
| Fellowship Of Christian AthletesGENERAL | Kansas City, MO | $9K | 2023 |
| United Way Of Hamblen CountyGENERAL FUND | Morristown, TN | $7K | 2023 |
| All OthersGENERAL FUND | Morristown, TN | $5K | 2023 |
| Daily Bread Community KitchenGENERAL | Morristown, TN | $4K | 2023 |
| Boys & Girls Club FoundationGENERAL FUND | Morristown, TN | $4K | 2023 |
| Go Tell MinstriesGENERAL | Duluth, GA | $3K | 2023 |
| Lakeway FcaGENERAL FUND | Morristown, TN | $3K | 2023 |
| Morristown Hamblen Hospital FoundatGENERAL FUND | Morristown, TN | $2K | 2023 |
| First Love On MainGENERAL | Morristown, TN | $2K | 2023 |
| Friends Of MissionGENERAL | Woodland, CA | $2K | 2023 |
| Gsm Council Boys Scouts Of AmericaGENERAL | Knoxville, TN | $2K | 2023 |
| God'S WarehouseGENERAL | Morristown, TN | $1K | 2023 |
| Hillsdale CollegeGENERAL | Hillsdale, MI | $1K | 2023 |
| Witt Elementary SchoolGENERAL | Morristown, TN | $1K | 2023 |
| Volunteers For ChristGENERAL | South Hill, VA | $1K | 2023 |
| The Mccallie FoundationGENERAL | Chattanooga, TN | $1K | 2023 |
| Lakeway CasaGENERAL | Morristown, TN | $1K | 2023 |
| Antioch Ministries InternationalGENERAL | Waco, TX | $1K | 2023 |
| Lighting The WayGENERAL | Bristol, TN | $1K | 2023 |
| Kingswood SchoolGENERAL | Bean Station, TN | $1K | 2023 |
| American Family AssociationGENERAL | Tupelo, MS | $1K | 2023 |
| Mid America SeminaryGENERAL | Cordova, TN | $1K | 2023 |
| EtsuCOWAN & CURETON | Johnson City, TN | $2K | 2022 |
| Arrowhead ChurchGENERAL | Morristown, TN | $1K | 2022 |
| Girls IncGENERAL | Morristown, TN | $1K | 2022 |
| Ridgway MinistriesGENERAL | Dallas, TX | $1K | 2022 |
| Go Tell MinistriesGENERAL FUND | Jacksonsville, FL | $2K | 2021 |
| Hc ExcellGENERAL FUND | Morristown, TN | $2K | 2021 |
| $2K |
| 2022 |
| OperatingSupport |
| Paloian Family Foundation Inc. | $500 | 2022 | GENERAL FUNDS |
| Paloian Family Foundation Inc. | $500 | 2022 | GENERAL FUNDS |
| George And Laura Flowers Foundation | $4K | 2021 | General Fund |
| Charles P Ferro Foundation | $2K | 2021 | OperatingSupport |
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