Kane Wallace Foundation

CONCORD, MA EIN: 04-3466900

The Kane Wallace Foundation, formally known as The Edward W Kane & Martha J Wallace Family Foundation, is a private family foundation established in September 1999 and based in Concord, Massachusetts. The foundation operates as a non-operating private foundation, making grants to other organizations rather than conducting its own charitable programs.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$35.2M

+1.3% YoY

Annual Giving

$3.0M

+51.5% YoY

Grant Count

+2.1% YoY

Avg Grant Size

$62K

+48.3% YoY

Under IRS private-foundation payout rules, Kane Wallace Foundation reported a distributable amount of $2.8M 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 gives primarily for:

Recreation
Museums
Education
Environmental conservation and land preservation

Grantmaking

The foundation does not maintain a public application process. Grants are awarded through trustee discretion and invitation.

Grant Range

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How to Apply

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in the Northeast United States, with emphasis on:

Massachusetts
New England region
Rhode Island
New Hampshire

Grant Distribution by State

Massachusetts $6.3M (59%)

Rhode Island $1.9M (18%)

Illinois $850K (8%)

Pennsylvania $778K (7%)

New Hampshire $299K (3%)

Connecticut $258K (2%)

Delaware $125K (1%)

New York $81K (1%)

+3 more states

States

Connecticut District of Columbia Delaware Illinois Massachusetts Minnesota New Hampshire New Jersey New York Pennsylvania Rhode Island

Cities

ActonAtholBostonBristolCambridgeColumbiaConcordCotuitDeerfieldDoverFort WashingtonFraminghamHanoverJacksonMediaMiddletownMorrisMysticNantucketNew York

Financial History

Multi-year comparison from IRS filings

Assets:

Total assets: $35.2 million (2024)
Total assets: $34.7 million (2023)

Annual Activity (2024):

Revenue: $4.96 million
Expenses: $3.19 million
Total liabilities: $0

Annual Activity (2023):

Total revenues: $6.1 million
Total expenses: $2.1 million

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$35,156,749	$34,690,131	$32,569,059
Revenue	$4,958,904	$6,114,600	$5,448,693
Expenses	$3,185,204	$2,116,934	$1,725,144
Qualifying Distributions	$2,952,650	$1,949,328	$1,579,700
Net Investment Income	$2,808,345	$3,851,330	$3,234,798
Distributable Amount	$2,849,299	$2,447,959	$2,343,415

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

228 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Appalachian Mountain Club ($1,100,000), Morris Arboretum ($525,000), Newport Historical Society ($500,000).

Recipient	Purpose	Amount
AMERICAN ANTIQUARIAN SOCIETY WORCESTER, MA	UNRESTRICTED	$25,000
APPALACHIAN MOUNTAIN CLUB BOSTON, MA	UNRESTRICTED	$1,100,000
AQUIDNECK LAND TRUST MIDDLETOWN, RI	UNRESTRICTED	$2,500
CENTER FOR AMERICAN MARINE ART MYSTIC, CT	UNRESTRICTED	$8,100
CONCORD CARLISLE COMMUNITY CHEST CONCORD, MA	UNRESTRICTED	$10,000
CONCORD FREE PUBLIC LIBRARY CONCORD, MA	UNRESTRICTED	$2,500
CONCORD LAND CONSERVATION TRUST CONCORD, MA	UNRESTRICTED	$10,000
CONCORD MUSEUM CONCORD, MA	UNRESTRICTED	$75,000
CONCORD PRISON OUTREACH CONCORD, MA	UNRESTRICTED	$5,000
DECORATIVE ARTS TRUST MEDIA, PA	UNRESTRICTED	$5,000

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation is managed by two trustees:

Edward W. Kane
Martha J. Wallace

Both trustees operate without compensation.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
EDWARD W KANE	TRUSTEE, NONE	—	—
MARTHA J WALLACE	TRUSTEE, NONE	—	—

Contact Information

Address: 1437-2 Monument Street, Concord, MA 01742-5309
Phone: 617-549-4425 or 617-348-3733
EIN: 04-3466900

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Kane Wallace Foundation fund?

The foundation gives primarily for: • Recreation • Museums • Education • Environmental conservation and land preservation

How do I apply for a grant from Kane Wallace Foundation?

**Grant Sizes:** • Typical grant range: $55,000 - $300,000 • Recent documented grants include $300,000 (Appalachian Mountain Club), $100,000 (Native Plant Trust), and $55,000 (Northern Forest Center) **Annual Giving:** • Approximately $1.9 - $2.0 million annually (2023-2024) • Total charitable disbursements in 2024: $2,952,650 **Application Process:** The foundation does not maintain a public application process. Grants are awarded through trustee discretion and invitation.

Where does Kane Wallace Foundation make grants?

The foundation primarily funds organizations in the Northeast United States, with emphasis on: • Massachusetts • New England region • Rhode Island • New Hampshire

What size grants does Kane Wallace Foundation award?

In 2024, Kane Wallace Foundation awarded 48 grants totaling $3.0M — an average of about $62K per grant, based on its IRS Form 990 filings.

How much is Kane Wallace Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Kane Wallace Foundation reported a distributable amount of $2.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.