Joseph Francis Wallace Trust
The Joseph Francis Wallace Trust is a private foundation based in McGehee, Arkansas. Its 2025 filing describes scholarships and grants for people in need because of age, illness, disability, infirmity, or adverse conditions, when their needs are not met through usual government or charitable assistance.
Joseph Francis Wallace Trust at a glance
In short: Joseph Francis Wallace Trust gave $291K across 17 grants in 2025 (avg $17K), mostly in Arkansas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $291,283
- -0.1% vs 2024
- Grants made (2025)
- 17
- -19.0% vs 2024
- Average grant
- $17,134
- +23.4% vs 2024
- Median grant
- $5,000
- Total assets
- $6,387,125
- -0.2% vs 2024
- Primary geography
- Arkansas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Joseph Francis Wallace Trust
- How to Apply
-
The 2025 filing says the Trust does not restrict giving to preselected organizations. Applications should be submitted in writing and include the applicant’s name, address, telephone number, and details explaining why the applicant deserves consideration. The filing says scholarships and grants are limited to the needs described above.
- Review Cycle
- Applications are accepted at any time, according to the 2025 filing.
- Deadline
- Applications are accepted at any time, according to the 2025 filing.
- Contact
Application contact: Gibbs Ferguson
Mailing address: 209 West Oak Street, Mcgehee, AR 71654
Phone: (870) 222-6660
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Joseph Francis Wallace Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was McGehee Hospital Foundation ($124K). Together the top 10 received $285K.
Grant Size Distribution
75 grants across all recorded years
The most common grant size was under $50K: 66 grants of 75 (88%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Arkansas. The listed recipients include organizations in McGehee and Monticello.
Grant Distribution by State
Share of 2025 grant dollars across all 17 itemized grants.
States
Cities
How Joseph Francis Wallace Trust gives
- 94% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 100% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). 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 2019 to 2025, annual grant giving ranged from $286K (2020) to $295K (2021). In 2025 it made 17 grants totaling $291K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| McGehee Hospital Foundation McGehee, AR | Charity | $124,372 |
| Boys Girls Club of Southeast AR McGehee, AR | Charity | $50,000 |
| UAM Foundation Monticello, AR | Scholarships | $25,000 |
| McGehee Food Pantry McGehee, AR | Charity | $20,000 |
| McGehee Cemetery Assoc McGehee, AR | Charity | $20,000 |
| First Baptist Church Memorial Kitch McGehee, AR | Kitchen Construction | $15,000 |
| City of McGehee OwlfestFlood Disast McGehee, AR | Civic | $12,911 |
| Paws Claws McGehee, AR | Charity | $8,000 |
| McGehee Men's Club McGehee, AR | Charity | $5,000 |
| Foundation for Boys Girls Club of M McGehee, AR | Charity | $5,000 |
Ready to take the next step with Joseph Francis Wallace Trust?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $6,387,125 | $330,084 | $345,288 | $291,283 | 17 | $300,533 | $285,329 | $300,872 |
| 2024 | $6,402,330 | $330,015 | $339,214 | $291,606 | 21 | $300,856 | $291,657 | $300,563 |
| 2023 | $6,411,528 | $332,765 | $347,633 | $292,940 | 21 | $302,540 | $285,072 | $301,176 |
| 2022 | $6,426,397 | $323,703 | $332,360 | $290,111 | 15 | $300,156 | $289,099 | $302,144 |
| 2021 | $6,435,054 | $322,908 | $337,593 | $295,134 | 1 | $304,309 | $287,224 | $301,787 |
| 2020 | $6,449,739 | $324,899 | $322,335 | $286,081 | 1 | — | $295,195 | $302,624 |
| 2019 | $6,447,175 | $323,109 | $332,085 | $293,276 | 1 | — | $291,625 | $295,482 |
Under IRS private-foundation payout rules, Joseph Francis Wallace Trust reported a distributable amount of $301K for 2025 — 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 filing does not state a separate mission. It says the Trust’s scholarships and grants are limited to education, maintenance, sustenance, and rehabilitation for people in need under the conditions described above.
The Trust’s 2025 grants included support for health care, youth, scholarships, food assistance, cemetery maintenance, church kitchen construction, civic purposes, animal welfare, and community organizations. One recipient, McGehee Mens Club Inc, describes its own mission as developing activities and facilities for area youth, promoting higher education for local students, and maintaining a public community meeting center.
Grantmaking
In 2025, the Trust reported 17 grants totaling $291,283. Grant amounts ranged from $500 to $124,372, with a median of $5,000.
Among its largest reported 2025 grants were $124,372 to McGehee Hospital Foundation for charity; $50,000 to Boys Girls Club of Southeast AR for charity; $25,000 to UAM Foundation for scholarships; $20,000 each to McGehee Food Pantry and McGehee Cemetery Assoc for charity; and $15,000 to First Baptist Church Memorial Kitch for kitchen construction. Other listed awards included $12,911 to City of McGehee OwlfestFlood Disast for civic purposes, $8,000 to Paws Claws for charity, and $5,000 to McGehee Mens Club.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Gibbs Ferguson, Robert Lucky, and James R Daniels as trustees.
Joseph Francis Wallace Trust's 2025 filing lists 3 officers; 2 of 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Robert Lucky
Trustee
On filings since 2019
0.3 hrs/week
$2K (2019) → $2K (2025)
James R Daniels
Trustee
On filings since 2020
0.3 hrs/week
$2K (2020) → $2K (2025)
Gibbs Ferguson
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Former officers (1)
- Former: James Kelley (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $2K, to Robert Lucky (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Joseph Francis Wallace Trust
How much does Joseph Francis Wallace Trust give each year?
Joseph Francis Wallace Trust gave $291K across 17 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $292K across 21 grants.
What is Joseph Francis Wallace Trust's typical grant size?
Joseph Francis Wallace Trust's median grant in 2025 was $5,000, and its average grant was $17,134, across 17 grants on its 2025 IRS Form 990-PF.
Where does Joseph Francis Wallace Trust give grants?
Joseph Francis Wallace Trust gives mostly in Arkansas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were McGehee, AR (15 grants).
Does Joseph Francis Wallace Trust give general operating support?
Occasionally: 6% of Joseph Francis Wallace Trust's 2025 grants with a stated purpose (1 of 17) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Charity" (12 grants).
Who are Joseph Francis Wallace Trust's largest grantees?
Joseph Francis Wallace Trust's largest 2025 grantees include McGehee Hospital Foundation ($124,372), Boys Girls Club of Southeast AR ($50,000) and UAM Foundation ($25,000), according to its 2025 IRS Form 990-PF. Together they received 68% of its itemized 2025 grant dollars.
How large is Joseph Francis Wallace Trust?
Joseph Francis Wallace Trust reported $6.4M in total assets on its 2025 IRS Form 990-PF. It paid out $301K in qualifying distributions that year, against a required minimum of $301K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Joseph Francis Wallace Trust fund?
The filing does not state a separate mission. It says the Trust’s scholarships and grants are limited to education, maintenance, sustenance, and rehabilitation for people in need under the conditions described above. See mission & focus areas ↑
How do I apply for a grant from Joseph Francis Wallace Trust?
The 2025 filing says the Trust does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Joseph Francis Wallace Trust's EIN?
Joseph Francis Wallace Trust's EIN (Employer Identification Number) is 71-6157075. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 10, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 13, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
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Cite this profile
Grantable. (2026). Joseph Francis Wallace Trust funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/joseph-francis-wallace-trust-morg_b3e1cf99b10d40c384ac19130a000d06
BibTeX
@misc{grantable_716157075_2026,
author = {{Grantable}},
title = {{Joseph Francis Wallace Trust funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/joseph-francis-wallace-trust-morg_b3e1cf99b10d40c384ac19130a000d06},
note = {Accessed 2026-10-04. 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 Joseph Francis Wallace Trust'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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