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
48
+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.
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
s:**
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
States
Cities
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
| 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
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.
What is Kane Wallace Foundation's EIN?
Kane Wallace Foundation's EIN (Employer Identification Number) is 04-3466900. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Kane Wallace Foundation'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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