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
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.
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
**
Ready to take the next step with Dwane L and Velma Lunt Wallace?
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
Among its reported 2024 grants, the largest include Ku Endowment Assn ($500,000), Wichita Public Library Foundation ($300,000), Orpheum Performing Arts Center Ltd ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASSISTANCE LEAGUE OF WICHITA WICHITA, KS | OPERATION SCHOOL BELL PROGRAM | $25,000 |
| BOYS & GIRLS CLUB OF SOUTH CENTRAL KANSAS WICHITA, KS | AFTER SCHOOL PROGRAMS | $50,000 |
| CAMP WOOD YMCA ELMDALE, KS | FEET UP CAMPAIGN | $50,000 |
| PBS KANSAS WICHITA, KS | PYMT FOR THE PRODUCTION SWITCHER | $46,065 |
| FRIENDS OF THE GREAT PLAINS NATURE CENTER WICHITA, KS | LINKING CHILDREN TO NATURE PROGRAM | $5,000 |
| KANSAS FOODBANK WAREHOUSE WICHITA, KS | FOOD DISTRIBUTION PROGRAM | $100,000 |
| BALLET WICHITA WICHITA, KS | SCHOLARSHIPS FOR LOW INCOME STUDENTS, GRADES 4 AND 5 | $20,000 |
| MUSIC THEATRE WICHITA WICHITA, KS | FUNDS TO CONDUCT A NATIONWIDE TALENT AUDITION | $20,000 |
| EMPOWER EVERGREEN INC WICHITA, KS | PLEDGED AMOUNT FOR 2024, PER GRANT AGREEMENT | $125,000 |
| FREEDOM HOOVES THERAPEUTIC RIDING CENTER WICHITA, KS | HOPE IN MOTION CAMPAIGN | $100,000 |
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 |
Frequently Asked Questions
What does Dwane L and Velma Lunt Wallace fund?
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 un…
How do I apply for a grant from Dwane L and Velma Lunt Wallace?
**Grant Activity:** • The foundation made 59 grants in its most recent fiscal year (2024) • Total giving in 2024: $3,828,485 • Median grant size: $35,000 • Grant range: $5,000 to $725,000 **Recent Notable Grants (2024):** • Wichita Public Library Foundation: $300,000 • Orpheum Performing Arts Centre: $250,000 • Phillips Fundamental Learning Center: $214,286 **Application Process:** Applicants should submit a full written proposal plus one copy. The foundation recommends emphasizing local impact…
Where does Dwane L and Velma Lunt Wallace make grants?
The foundation primarily funds organizations in the Wichita, Kansas area, with secondary focus on organizations throughout the State of Kansas.
What size grants does Dwane L and Velma Lunt Wallace award?
In 2024, Dwane L and Velma Lunt Wallace awarded 59 grants totaling $3.8M — an average of about $65K per grant, based on its IRS Form 990 filings.
How much is Dwane L and Velma Lunt Wallace required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Dwane L and Velma Lunt Wallace reported a distributable amount of $3.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Dwane L and Velma Lunt Wallace's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Robert J and Gloria Wilson
ELLIS, KS
Assets
$6.6M
Grants
1
Total Given
$204K
North Central Kansas Coordinated Transit Council Inc
MINNEAPOLIS, KS
Assets
$5K
Grants
7
Total Given
$3.6M
New Jersey Area Homesteading
OVERLAND PARK, KS
Assets
$353
Grants
0
Total Given
—
Anderson Family Foundation
WICHITA, KS
Assets
$689K
Grants
4
Total Given
$34K
Virginia H Farah Foundation
WICHITA, KS
Assets
$5K
Grants
3
Total Given
$207K
Atchison United Way Board
ATCHISON, KS
Assets
$696K
Grants
8
Total Given
$102K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Dwane L and Velma Lunt Wallace on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Dwane L and Velma Lunt Wallace to a real strategy.