Bruce and Marilyn Wallace Foundation
Bruce and Marilyn Wallace Foundation is a private foundation, based in Woodland Hills, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.4M in total assets. In 2024, it awarded 1 grant totaling $363K. Net investment income was $219K.
Bruce and Marilyn Wallace Foundation at a glance
In short: Bruce and Marilyn Wallace Foundation gave $363K across 1 grant in 2024 (avg $363K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $363,491
- +98.3% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $363,491
- +98.3% vs 2023
- Median grant
- $363,491
- Total assets
- $5,373,443
- -0.1% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Bruce and Marilyn Wallace Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Dechomai ($363K).
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 25 grants of 30 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Bruce and Marilyn Wallace Foundation gives
- Giving grew 65% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $183K (2023) to $363K (2024). In 2024 it made 1 grant totaling $363K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Dechomai Santa Barbara, CA | To further charitable giving goals established by the board of directors | $363,491 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $5,373,443 | $366,123 | $419,997 | $363,491 | 1 | $365,991 | $219,156 | $35,752 |
| 2023 | $5,380,349 | $1,203,013 | $202,406 | $183,291 | 1 | $183,291 | $931,923 | $232,800 |
| 2022 | $4,379,742 | $370,105 | $281,911 | $277,000 | 14 | $277,000 | $118,105 | $258,487 |
| 2021 | $4,291,548 | $372,692 | $225,205 | $220,241 | 8 | $220,241 | $120,692 | $276,780 |
| 2020 | $4,144,061 | $355,597 | $226,018 | $217,867 | 6 | — | $103,597 | $220,337 |
Under IRS private-foundation payout rules, Bruce and Marilyn Wallace Foundation reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Bruce and Marilyn Wallace Foundation is led by Elizabeth Wallace, Director & CEO since 2024 (on filings since 2020); none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Elizabeth Wallace
Director & CEO
Director & President → Director & CEO, 2024
On filings since 2020
No compensation reported
Benjamin Wallace
Director & CFO
Director & Secretary → Director & CFO, 2024
On filings since 2020
No compensation reported
Alissa Wallace
Vice President
On filings since 2020
No compensation reported
Carolyn C. Jennings
Treasurer
Vice President & Assistant Treasurer → Treasurer, 2024
On filings since 2021
No compensation reported
Former officers (2)
- Former: Nathan Wallace (2020–2023) — Treasurer
- Former: Rj Stanislawski (2020) — Vice President & Assistant Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Bruce and Marilyn Wallace Foundation
How much does Bruce and Marilyn Wallace Foundation give each year?
Bruce and Marilyn Wallace Foundation gave $363K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $183K across 1 grant.
How large is Bruce and Marilyn Wallace Foundation?
Bruce and Marilyn Wallace Foundation reported $5.4M in total assets on its 2024 IRS Form 990-PF. It paid out $366K in qualifying distributions that year, against a required minimum of $36K (roughly 5% of its investment assets).
Where does Bruce and Marilyn Wallace Foundation operate?
Bruce and Marilyn Wallace Foundation has awarded grants in California, District of Columbia, Georgia, Maryland.
What is Bruce and Marilyn Wallace Foundation's EIN?
Bruce and Marilyn Wallace Foundation's EIN (Employer Identification Number) is 77-0556704. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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