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Walter F Wallace Jr Memorial Foundation is a private trust based in CHICAGO, IL. The foundation received its IRS ruling in 1987. The principal officer is Harris N A. It holds total assets of $2.3M. Annual income is reported at $269K. Total assets have grown from $801K in 2011 to $2.4M in 2023. The foundation is governed by 2 officers and trustees. Tax records are available from 2018 to 2023. Funding is distributed across 5 states, including Virginia, District of Columbia, Indiana. According to available records, Walter F Wallace Jr Memorial Foundation has made 40 grants totaling $596K, with a median grant of $15K. Annual giving has grown from $108K in 2020 to $170K in 2023. Grantmaking activity was highest in 2022 with $318K distributed across 20 grants. Individual grants have ranged from $5K to $30K, with an average award of $15K. The foundation has supported 19 unique organizations. The foundation primarily supports organizations in Virginia, Michigan, District of Columbia, which account for 63% of all grants. Grantmaking reaches organizations across 9 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$12K
Largest Grant
$30K
Based on 9 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.
Walter F Wallace Jr Memorial Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 40 grants. Its grantmaking reaches organizations primarily in VA, MI, DC.
Walter F Wallace Jr Memorial Foundation has distributed a total of $596K across 40 grants. The median grant size is $15K, with an average of $15K. Individual grants have ranged from $5K to $30K.
Awards are made to educational, scientific literary and religious organizations within the meaning of irc sec. 501.
Walter F Wallace Jr Memorial Foundation is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 9 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David W Savitz | TRUSTEE - PART TIME | $0 | $0 | N/A |
| Virginia F Wallace | TRUSTEE - PART TIME | $0 | $0 | N/A |
Total Giving
$193K
Total Assets
$2.4M
Fair Market Value
$4.3M
Net Worth
$2.4M
Grants Paid
$170K
Contributions
$251K
Net Investment Income
$169K
Distribution Amount
$175K
Total: N/A
Total Grants
40
Total Giving
$596K
Average Grant
$15K
Median Grant
$15K
Unique Recipients
19
Most Common Grant
$15K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Heritage FoundationPROGRAM SUPPORT | Washington Dc, WA | $15K | 2023 |
| Young Americas FoundationPROGRAM SUPPORT | Herndon, VA | $20K | 2023 |
| Judicial WatchPROGRAM SUPPORT | Washington, DC | $20K | 2023 |
| The Family Foundation Of VaPROGRAM SUPPORT | Richmond, VA | $20K | 2023 |
| CollegehillsPROGRAM SUPPORT | Hillsdale, MI | $15K | 2023 |
| Ashbrook CenterPROGRAM SUPPORT | Ashland, OH | $15K | 2023 |
| Ed ChoicePROGRAM SUPPORT | Indianapolis, IN | $15K | 2023 |
| Hoover InstitutionPROGRAM SUPPORT | Stanford, CA | $15K | 2023 |
| Water Missions InternationalPROGRAM SUPPORT | North Charleston, SC | $15K | 2023 |
| The Leadership InstitutePROGRAM SUPPORT | Arlington, VA | $10K | 2023 |
| Campus ReformPROGRAM SUPPORT | Arlington, VA | $10K | 2023 |
| Global Water CenterPROGRAM SUPPORT | Milwaukee, WI | $14K | 2022 |
| Hillsdale CollegeGENERAL OPERATING PURPOSES | Hillsdale, MI | $30K | 2020 |
| CampusreformorgGENERAL OPERATING PURPOSES | Arlington, VA | $15K | 2020 |
| The Nature ConservancyGENERAL OPERATING PURPOSES | Arlington, VA | $13K | 2020 |
| Susan B Anthony List Education FundPROGRAM SUPPORT | Arlington, VA | $10K | 2020 |
| EdchoicePROGRAM SUPPORT | Indianapolis, IN | $10K | 2020 |
| Leadership InstituteGENERAL OPERATING PURPOSES | Arlington, VA | $5K | 2020 |
| Young America S FoundationPROGRAM SUPPORT | Herndon, VA | $5K | 2020 |