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
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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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