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Wallace Foundation is a private corporation based in ARLINGTON, VA. The foundation received its IRS ruling in 2010. The principal officer is Marc R Wallace. It holds total assets of $617K. Annual income is reported at $98K. The foundation is governed by 2 officers and trustees. The foundation accomplishes its charitable purposes solely through a program of making charitable gifts and grants and does not conduct any direct charitable activities or make program-related investments. The foundations does not allocate any of its administrative expenses to disbursements for charitable activities. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. According to available records, Wallace Foundation has made 3 grants totaling $86K, with a median grant of $33K. Annual giving has grown from $20K in 2020 to $66K in 2022. Individual grants have ranged from $20K to $33K, with an average award of $29K. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
The foundation accomplishes its charitable purposes solely through a program of making charitable gifts and grants and does not conduct any direct charitable activities or make program-related investments. The foundations does not allocate any of its administrative expenses to disbursements for charitable activities.
The foundation accomplishes its charitable purposes solely through a program of making charitable gifts and grants and does not conduct any direct charitable activities or make program-related investments. The foundations does not allocate any of its administrative expenses to disbursements for charitable activities. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in VA.
Wallace Foundation has distributed a total of $86K across 3 grants. The median grant size is $33K, with an average of $29K. Individual grants have ranged from $20K to $33K.
Wallace Foundation typically selects its grantees rather than accepting unsolicited proposals.
Wallace Foundation is headquartered in ARLINGTON, VA.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Susan C Wallace | DIRECTOR | $0 | $0 | N/A |
| Marc R Wallace | DIRECTOR | $0 | $0 | N/A |
Total Giving
$35K
Total Assets
$553K
Fair Market Value
$613K
Net Worth
$518K
Grants Paid
$26K
Contributions
N/A
Net Investment Income
$18K
Distribution Amount
$28K
Total: N/A
Total Grants
3
Total Giving
$86K
Average Grant
$29K
Median Grant
$33K
Unique Recipients
1
Most Common Grant
$33K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Statement AttachedSEE STATEMENT | Mclean, VA | $33K | 2022 |