Dwane L and Velma Lunt Wallace
The Dwane L and Velma Lunt Wallace Charitable Foundation is a private foundation established in 1989 and based in Wichita, Kansas. The foundation was created by Dwane L. Wallace, an industry pioneer and long-time leader of Cessna Aircraft Company, and his wife Velma Lunt Wallace. The foundation operates with no paid staff and is governed by a board of trustees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$55.7M
-0.4% YoY
Annual Giving
$3.8M
+14.2% YoY
Grant Count
59
+20.4% YoY
Avg Grant Size
$65K
-5.2% YoY
Mission & Focus Areas
The foundation's mission is to support a wide variety of tax-exempt, charitable organizations primarily in the Wichita, Kansas area, and secondarily throughout the State of Kansas. The foundation focuses on the following categories:
- Arts and Culture
- Education
- Community Development and Enhancement
- Social Services and Needs
- Quality of Life
The foundation also supports specific initiatives including STEAM youth camps, training service dogs, culinary programs, and scouting programs for underserved communities.
Grantmaking
Applicants should submit a full written proposal plus one copy. The foundation recommends emphasizing local impact in Wichita/Kansas and aligning requests with demonstrated priorities. Applications should be submitted through the foundation's website at kansaswallacefoundation.org/grant-application/. The primary contact for applications is Emily A. Long at 316-263-8294.
Grant Range
$35,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in the Wichita, Kansas area, with secondary focus on organizations throughout the State of Kansas.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $55,690,423
- Total revenues: $4,014,925
- Total expenses: $4,267,431
As of December 2023:
- Total assets: $55,938,181
- Total revenues: $3,488,317
- Total expenses: $3,807,017
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $55,690,423 | $55,938,181 | $56,293,169 |
| Revenue | $4,014,925 | $3,488,317 | $3,071,474 |
| Expenses | $4,267,431 | $3,807,017 | $4,455,794 |
| Qualifying Distributions | $3,947,292 | $3,539,425 | $4,044,187 |
| Net Investment Income | $3,679,248 | $3,220,725 | $2,727,908 |
| Distributable Amount | $3,908,356 | $3,525,855 | $3,580,006 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
236 grants across all recorded years
Open Grants
1 open opportunity from Dwane L and Velma Lunt Wallace
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's board of trustees includes:
- Linda Wallace Jones (Trustee)
- James A Johnson (Trustee)
- Sarah W Bracco (Trustee)
- Douglas J Brehm (Trustee)
- Darcee Datteri (Trustee)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LINDA WALLACE JONES | TRUSTEE | 2 | $20,000 |
| JAMES A JOHNSON | TRUSTEE | 2 | $20,000 |
| SARAH W BRACCO | TRUSTEE | 2 | $20,000 |
| DOUGLAS J BREHM | TRUSTEE | 5 | $40,000 |
| DARCEE DATTERI | TRUSTEE | 5 | $6,250 |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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