Joseph Francis Wallace Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MCGEHEE, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.4M in total assets. In 2024, it awarded 21 grants totaling $292K. Net investment income was $292K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.4M
-0.1% YoY
Annual Giving
$292K
-0.5% YoY
Grant Count
21
+0.0% YoY
Avg Grant Size
$14K
-0.5% YoY
Under IRS private-foundation payout rules, Joseph Francis Wallace Trust reported a distributable amount of $301K for 2024 — the minimum it must pay out in qualifying distributions.
About Joseph Francis Wallace Trust
Based on IRS filings
Joseph Francis Wallace Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MCGEHEE, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.4M in total assets. In 2024, it awarded 21 grants totaling $292K. Net investment income was $292K.
Focus Areas
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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
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,402,330 | $6,411,528 | $6,426,397 |
| Revenue | $330,015 | $332,765 | $323,703 |
| Expenses | $339,214 | $347,633 | $332,360 |
| Qualifying Distributions | $300,856 | $302,540 | $300,156 |
| Net Investment Income | $291,657 | $285,072 | $289,099 |
| Distributable Amount | $300,563 | $301,176 | $302,144 |
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
59 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include McGehee Hospital Foundation ($122,000), Boys Girls Club of Southeast AR ($50,000), UAM Foundation ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| City of McGehee Owlfest McGehee, AR | Civic | $1,000 |
| Boys Girls Club of Southeast AR McGehee, AR | Charity | $50,000 |
| McGehee Men's Club McGehee, AR | Charity | $5,000 |
| McGehee Food Pantry McGehee, AR | Charity | $11,000 |
| Paws Claws McGehee, AR | Charity | $5,000 |
| Johnny Polite Memorial Foundation McGehee, AR | Charity | $250 |
| Women's Service League McGehee, AR | Charity | $3,000 |
| McGehee Cemetery Assoc McGehee, AR | Charity | $16,500 |
| First Presbyterian Church McGehee, AR | Charity | $1,000 |
| UAM Foundation Monticello, AR | Scholarships | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Gibbs Ferguson | Trustee | 5 | — |
| Robert Lucky | Trustee | 0.25 | $2,400 |
| James R Daniels | Trustee | 0.25 | $2,400 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Joseph Francis Wallace Trust?
Joseph Francis Wallace Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MCGEHEE, AR. It holds $6.4M in total assets as of 2024.
How large is Joseph Francis Wallace Trust?
As of 2024, Joseph Francis Wallace Trust holds $6.4M in total assets with $330K in annual revenue. It awarded 21 grants totaling $292K in 2024.
Where does Joseph Francis Wallace Trust operate?
Joseph Francis Wallace Trust has awarded grants in Arkansas.
What size grants does Joseph Francis Wallace Trust award?
In 2024, Joseph Francis Wallace Trust awarded 21 grants totaling $292K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Joseph Francis Wallace Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Joseph Francis Wallace Trust reported a distributable amount of $301K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Joseph Francis Wallace Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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