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
-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.
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
States
Cities
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)
| 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
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.
What is Jean and David W Wallace's EIN?
Jean and David W Wallace's EIN (Employer Identification Number) is 06-1626691. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Jean and David W Wallace's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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