//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
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. Total assets have grown from $678K in 2011 to $5.3M in 2024. The foundation is governed by 3 officers and trustees. Tax records are available from 2017 to 2024. Grantmaking is concentrated in Tennessee. 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.
Smallest Grant
$1K
Median Grant
$2K
Average Grant
$3K
Largest Grant
$15K
Based on 19 grants from the most recent 990-PF filing.
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.
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 | N/A |
| Robin W Dawson | TREASURER | $0 | $0 | N/A |
| Lisa W Trusler | SECRETARY | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$5.3M
Fair Market Value
N/A
Net Worth
$5.3M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |
|---|---|---|---|
| Rotary ClubGENERAL | Morristown, TN | $2K | 2023 |
| First Baptist ChurchTRAIL LIFE | Morristown, TN | $1K | 2023 |
| Mission To The WorldGENERAL | Lawrenceville, GA | $1K | 2023 |
| 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 |
| Boys & Girls Club FoundationGENERAL FUND | Morristown, TN | $4K | 2023 |
| Daily Bread Community KitchenGENERAL | Morristown, TN | $4K | 2023 |
| Lakeway FcaGENERAL FUND | Morristown, TN | $3K | 2023 |
| Go Tell MinstriesGENERAL | Duluth, GA | $3K | 2023 |
| FcaGENERAL | Morristown, TN | $3K | 2023 |
| Morristown Hamblen Hospital FoundatGENERAL FUND | Morristown, TN | $2K | 2023 |
| First Love On MainGENERAL | Morristown, TN | $2K | 2023 |
| Gsm Council Boys Scouts Of AmericaGENERAL | Knoxville, TN | $2K | 2023 |
| Friends Of MissionGENERAL | Woodland, CA | $2K | 2023 |
| CruGENERAL | Orlando, FL | $2K | 2023 |
| Mid America SeminaryGENERAL | Cordova, TN | $1K | 2023 |
| The Mccallie FoundationGENERAL | Chattanooga, TN | $1K | 2023 |
| Lighting The WayGENERAL | Bristol, TN | $1K | 2023 |
| Kingswood SchoolGENERAL | Bean Station, TN | $1K | 2023 |
| American Family AssociationGENERAL | Tupelo, MS | $1K | 2023 |
| God'S WarehouseGENERAL | Morristown, TN | $1K | 2023 |
| Witt Elementary SchoolGENERAL | Morristown, TN | $1K | 2023 |
| Volunteers For ChristGENERAL | South Hill, VA | $1K | 2023 |
| Lakeway CasaGENERAL | Morristown, TN | $1K | 2023 |
| Antioch Ministries InternationalGENERAL | Waco, TX | $1K | 2023 |
| Hillsdale CollegeGENERAL | Hillsdale, MI | $1K | 2023 |
| EtsuCOWAN & CURETON | Johnson City, TN | $2K | 2022 |
| Ridgway MinistriesGENERAL | Dallas, TX | $1K | 2022 |
| Arrowhead ChurchGENERAL | Morristown, TN | $1K | 2022 |
| Girls IncGENERAL | Morristown, TN | $1K | 2022 |