Dwane L and Velma Lunt Wallace
The Dwane L. and Velma Lunt Wallace Foundation is a private foundation based in Wichita, Kansas. Its mission is to support a wide variety of tax-exempt charitable organizations, primarily in the Wichita area and secondarily elsewhere in Kansas.
Dwane L and Velma Lunt Wallace at a glance
In short: Dwane L and Velma Lunt Wallace gave $3.8M across 59 grants in 2024 (avg $65K), mostly in Kansas. 29% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,828,485
- +14.2% vs 2023
- Grants made (2024)
- 59
- +20.4% vs 2023
- Average grant
- $64,890
- -5.2% vs 2023
- Median grant
- $35,000
- Total assets
- $55,690,423
- -0.4% vs 2023
- New grantees (estimate)
- 29% first-time grantees (17 of 59, 2024)
- Primary geography
- Kansas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Dwane L and Velma Lunt Wallace
- How to Apply
-
Submit an online grant application. The foundation reviews applications for completeness and program fit, and trustees review requests and make approval decisions. The foundation’s filing instructions request a full proposal plus one copy.
- Review Cycle
- Requests submitted before March 15 are considered at the trustees’ May meeting; requests submitted on or after March 15 and before September 15 are considered at the November meeting.
- Deadline
- Requests submitted before March 15 are considered at the trustees’ May meeting; requests submitted on or after March…
- Contact
Application contact: Emily A Long
Mailing address: 301 N Main St Suite 600, Wichita, KS 67202-4806
Phone: (316) 263-8294
Email: emily@beverdye.com
Website: https://kansaswallacefoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Dwane L and Velma Lunt Wallace
Who Dwane L and Velma Lunt Wallace funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Ku Endowment Assn ($500K). Together the top 10 received $1.9M.
Grant Size Distribution
245 grants across all recorded years
The most common grant size was under $50K: 149 grants of 245 (61%).
Geographic Focus
Where this funder awards grants
The foundation’s stated priority is the Wichita, Kansas area, followed by the rest of Kansas. Its reported 2024 grant dollars went to Kansas recipients.
Grant Distribution by State
Share of 2024 grant dollars across all 59 itemized grants.
Cities
Is Dwane L and Velma Lunt Wallace open to new grantees?
29%
first-time grantees, 2024
In 2024, 17 of 59 grantees (29%) were first-time recipients. First grants averaged $64K; repeat grants $65K. How we count
Medians: $50K first-time, $33K repeat.
- 53% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+16%). Method
- In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3.2M (2020) to $3.9M (2022). In 2024 it made 59 grants totaling $3.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ku Endowment Assn Lawrence, KS | Education Programs, per Grant Agreement | $500,000 |
| Wichita Public Library Foundation Wichita, KS | Pledged Amount for 2024, per Grant Agreement | $300,000 |
| Orpheum Performing Arts Center Ltd Wichita, KS | Pledged Amount for 2024, per Grant Agreement | $250,000 |
| Fundamental Learning Center Inc Wichita, KS | Commitment for 2024, per Grant Agreement | $214,286 |
| Empower Evergreen Inc Wichita, KS | Pledged Amount for 2024, per Grant Agreement | $125,000 |
| Wichita State University Foundation Wichita, KS | Pledged Amount for 2024, per Grant Agreement | $125,000 |
| First Tee-Greater Wichita Wichita, KS | Construction of a Youth Development Facility | $125,000 |
| Kansas Foodbank Warehouse Wichita, KS | Food Distribution Program | $100,000 |
| Freedom Hooves Therapeutic Riding Center Wichita, KS | Hope in Motion Campaign | $100,000 |
| Hunter Health Clinic Inc Wichita, KS | New Community Wellness Center | $100,000 |
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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 | $55,690,423 | $4,014,925 | $4,267,431 | $3,828,485 | 59 | $3,947,292 | $3,679,248 | $3,908,356 |
| 2023 | $55,938,181 | $3,488,317 | $3,807,017 | $3,353,529 | 49 | $3,539,425 | $3,220,725 | $3,525,855 |
| 2022 | $56,293,169 | $3,071,474 | $4,455,794 | $3,938,477 | 50 | $4,044,187 | $2,727,908 | $3,580,006 |
| 2021 | $57,808,062 | $6,576,935 | $3,764,181 | $3,299,231 | 48 | $3,393,876 | $6,225,122 | $4,011,142 |
| 2020 | $55,049,284 | $1,720,151 | $3,593,719 | $3,213,576 | 39 | — | $1,425,158 | $3,392,374 |
Under IRS private-foundation payout rules, Dwane L and Velma Lunt Wallace reported a distributable amount of $3.9M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s stated mission is to support charitable organizations in its listed focus areas, with grants used primarily in the Wichita area and secondarily within Kansas. It primarily makes grants to organizations recognized as 501(c)(3) public charities under the applicable sections of the Internal Revenue Code.
Examples of supported organizations illustrate this range. Wichita Public Library Foundation says it seeks support to create young readers, promote digital inclusion, and provide equitable access to information. Orpheum Performing Arts Centre says it serves the community with diverse performing arts opportunities in a historic venue. Empower Evergreen says it connects the Hispanic community with educational opportunities, work-readiness preparation, and small-business development resources. These are the grantees’ descriptions of their own missions.
Grantmaking
In 2024, the foundation reported 59 grants totaling $3,828,485. Grants ranged from $5,000 to $500,000, with a median of $35,000. All reported 2024 grant dollars went to recipients in Kansas.
Among the largest 2024 grants were $500,000 to KU Endowment Association for education programs; $300,000 to Wichita Public Library Foundation; $250,000 to Orpheum Performing Arts Centre; and $214,286 to Fundamental Learning Center. Other grants included $125,000 each to Empower Evergreen and Wichita State University Foundation, and $100,000 each to Kansas Foodbank Warehouse, Freedom Hooves Therapeutic Riding Center, Hunter Health Clinic, Starkey, and Kansas Health Science University.
Applications are submitted online. The application asks for the organization’s EIN, most recent Form 990, determination letter, and recent certified financial audit. The foundation’s filing instructions also call for a full proposal plus one copy. The foundation says awards must qualify for charitable contributions under specified sections of the Internal Revenue Code and be limited to recipients in the Wichita area or, secondarily, elsewhere in Kansas. Its website lists requests for fundraising events, operating deficits, and religious activities restricted to one faith or denomination among its funding preferences or exclusions; the grant-program description also identifies individual scholarships as ineligible.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Linda Wallace Jones, James A. Johnson, Sarah W. Bracco, Douglas J. Brehm, and Darcee Datteri as trustees.
Dwane L and Velma Lunt Wallace's 2024 filing lists 5 officers; all 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
Douglas J. Brehm
Trustee
On filings since 2020
5 hrs/week
$30K (2020) → $40K (2024)
Linda Wallace Jones
Trustee
On filings since 2020
2 hrs/week
$20K (2020) → $20K (2024)
Sarah W. Bracco
Trustee
On filings since 2020
2 hrs/week
$20K (2020) → $20K (2024)
James A. Johnson
Trustee
On filings since 2022
2 hrs/week
$20K (2022) → $20K (2024)
Darcee Datteri
Trustee
New on the 2024 filing
5 hrs/week
$6K (2024)
Former officers (2)
- Former: Robert M. Hughes (2020–2023) — Trustee
- Former: Karen W. Johnson (2020–2021) — Trustee
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $40K, to Douglas J Brehm (Trustee). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Dwane L and Velma Lunt Wallace
How much does Dwane L and Velma Lunt Wallace give each year?
Dwane L and Velma Lunt Wallace gave $3.8M across 59 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.4M across 49 grants.
What is Dwane L and Velma Lunt Wallace's typical grant size?
Dwane L and Velma Lunt Wallace's median grant in 2024 was $35,000, and its average grant was $64,890, across 59 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Dwane L and Velma Lunt Wallace that year got $64K on average.
Where does Dwane L and Velma Lunt Wallace give grants?
Dwane L and Velma Lunt Wallace gives mostly in Kansas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Wichita, KS (48 grants) and Newton, KS (2 grants).
Does Dwane L and Velma Lunt Wallace give general operating support?
Not in 2024: none of the 59 grants with a stated purpose on Dwane L and Velma Lunt Wallace's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Pledged Amount for 2024, per Grant Agreement" (4 grants).
Who are Dwane L and Velma Lunt Wallace's largest grantees?
Dwane L and Velma Lunt Wallace's largest 2024 grantees include Ku Endowment Assn ($500,000), Wichita Public Library Foundation ($300,000) and Orpheum Performing Arts Center Ltd ($250,000), according to its 2024 IRS Form 990-PF. Together they received 27% of its itemized 2024 grant dollars.
How large is Dwane L and Velma Lunt Wallace?
Dwane L and Velma Lunt Wallace reported $55.7M in total assets on its 2024 IRS Form 990-PF. It paid out $3.9M in qualifying distributions that year, against a required minimum of $3.9M (roughly 5% of its investment assets).
What does Dwane L and Velma Lunt Wallace fund?
The foundation’s stated mission is to support charitable organizations in its listed focus areas, with grants used primarily in the Wichita area and secondarily within Kansas. See mission & focus areas ↑
How do I apply for a grant from Dwane L and Velma Lunt Wallace?
Submit an online grant application. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Dwane L and Velma Lunt Wallace's EIN?
Dwane L and Velma Lunt Wallace's EIN (Employer Identification Number) is 48-1071478. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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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Cite this profile
Grantable. (2026). Dwane L and Velma Lunt Wallace funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/dwane-l-and-velma-lunt-wallace-morg_0c632f3a314e484da4aa594dee0992dd
BibTeX
@misc{grantable_481071478_2026,
author = {{Grantable}},
title = {{Dwane L and Velma Lunt Wallace funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/dwane-l-and-velma-lunt-wallace-morg_0c632f3a314e484da4aa594dee0992dd},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Dwane L and Velma Lunt Wallace's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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