Jean and David W Wallace

Foundation · Grantmaker NEW CANAAN, CT EIN: 06-1626691

The Jean and David W Wallace Foundation is a private foundation established in 2019, based in New Canaan, Connecticut. The foundation makes grants across education, health, and medical research sectors.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$36.6M

-3.2% YoY

Annual Giving

$6.5M

-4.7% YoY

Grant Count

-18.2% YoY

Avg Grant Size

$359K

+16.5% YoY

Under IRS private-foundation payout rules, Jean and David W Wallace reported a distributable amount of $1.9M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary funding focus areas include:

Community health
Education for nonprofits
Science and STEM education
Health and medical research
School health initiatives
Science teacher support

Grantmaking

The foundation made eight grants in 2023, including:

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Connecticut $21.8M (75%)

Rhode Island $4.0M (14%)

Massachusetts $2.7M (9%)

New Jersey $190K (1%)

New Mexico $150K (1%)

New York $150K (1%)

Colorado $125K (0%)

New Hampshire $50K (0%)

+1 more states

States

Colorado Connecticut District of Columbia Massachusetts New Hampshire New Jersey New Mexico New York Rhode Island

Cities

BlairstownBridgeportCos CobDenverGreenwichNew HavenNew LondonNew YorkNewportNorthamptonRidgewoodRiversideSanta FeStamfordTrumbullWashington

Financial History

Multi-year comparison from IRS filings

2023 Financial Summary:

Total assets: $37,856,633
Total revenues: $3,710,247
Total expenses: $6,888,094
Total grants, contributions: $1,336,152
Investment income and dividends: $898,448

2022 Comparison:

Total grants, contributions: $1,738,102 (23.1% decrease from 2022)
Investment income and dividends: $1,005,809 (10.7% decrease from 2022)

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$36,644,759	$37,856,633	$41,034,480
Revenue	$5,365,868	$3,710,247	$3,041,550
Expenses	$6,577,742	$6,888,094	$5,321,697
Qualifying Distributions	$6,473,082	$6,788,029	$5,199,815
Net Investment Income	$3,793,410	$2,274,030	$1,181,566
Distributable Amount	$1,938,349	$1,910,191	$2,135,699

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

88 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Greenwich Academy ($1,000,000), Greenwich Hospital ($1,000,000), Greenwich Hospital ($1,000,000).

Recipient	Purpose	Amount
ADAM J LEWIS ACADEMY BRIDGEPORT, CT	EDUCATION RESOURCES	$250,000
ADAM J LEWIS ACADEMY BRIDGEPORT, CT	EDUCATION RESOURCES	$10,000
BLAIR ACADEMY BLAIRSTOWN, NJ	ALL IN CAMPAIGN	$100,000
CAMERON UNITED METHODIST CHURCH DENVER, CO	ANNUAL FUND	$50,000
CHRIST CHURCH TASHUA TRUMBULL, CT	ANNUAL FUND	$100,000
COLBY SAWYER COLLEGE NEW LONDON, NH	2024-2025 COLBY SAWYER FUND	$25,000
GEORGIA O'KEEFFE MUSEUM SANTA FE, NM	ANNUAL FUND	$50,000
GREENWICH ACADEMY GREENWICH, CT	ANNUAL FUND	$1,000,000
GREENWICH HOSPITAL GREENWICH, CT	ENDOWMENT FUND NEUROLOGY CHAIR	$1,000,000
GREENWICH HOSPITAL GREENWICH, CT	ENDOWMENT FUND SMILOW CANCER HOSPITAL CARE CENTER	$1,000,000

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation's trustees include Mary Wallace Strizek and Anne S Wallace Juge.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MARY WALLACE STRIZEK	CO-PRESIDENT AND SECRETARY	1	—
ANNE S WALLACE JUGE	CO-PRESIDENT AND TREASURER	1	—

Recent News & Activity

Recent developments and announcements

The foundation awarded a $12 million gift to Salve Regina University to expand business learning initiatives. Yale School of Medicine received significant support for autism research initiatives through the foundation's grantmaking.

@salveregina has received a $12 million gift from the Jean and ...

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Jean and David W Wallace fund?

The foundation's primary funding focus areas include: • Community health • Education for nonprofits • Science and STEM education • Health and medical research • School health initiatives • Science teacher support

How do I apply for a grant from Jean and David W Wallace?

**Financial Scale:** • Total assets: $37,856,633 (as of 2023) • Total giving: $6,460,000 • Recent annual expenses: $6,888,094 (2023) **Recent Grants:** The foundation made eight grants in 2023, including: • Greenwich Hospital: $1,000,000 for Endowment Fund Smilow Cancer Hospital Care Center • Greenwich Hospital: $1,000,000 for Endowment Fund Neurology Chair • Greenwich Academy: $1,000,000 for Leading the Way Campaign Lower School Building Notable grantees include Yale School of Medicine and Sal…

What size grants does Jean and David W Wallace award?

In 2024, Jean and David W Wallace awarded 18 grants totaling $6.5M — an average of about $359K per grant, based on its IRS Form 990 filings.

How much is Jean and David W Wallace required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Jean and David W Wallace reported a distributable amount of $1.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.