Louise B Wallace Foundation 19702
Louise B Wallace Foundation 19702 is a private foundation located in Nashville, Tennessee, established in 1988. The foundation operates as a 501(c)(3) organization and focuses on supporting charitable, educational, religious, and literacy initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.5M
+0.1% YoY
Annual Giving
$869K
+3.0% YoY
Grant Count
49
-2.0% YoY
Avg Grant Size
$18K
+5.1% YoY
Under IRS private-foundation payout rules, Louise B Wallace Foundation 19702 reported a distributable amount of $843K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation makes grants to support charity, school, church, and literacy causes. Recent grantmaking demonstrates a commitment to educational institutions and community-based charitable organizations.
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$5,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Tennessee, with a particular focus on the Nashville area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $14,439,312
- Total giving: $843,850
- Total revenues: $661,070
- Total expenses: $1,077,957
- Investment income and dividends: $381,428
- Giving rate: 5.8% of assets
Historical Comparison (2022):
- Total assets: $14,900,000
- Total giving: $776,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,451,254 | $14,439,312 | $14,875,507 |
| Revenue | $1,115,862 | $661,070 | $1,059,927 |
| Expenses | $1,106,714 | $1,077,957 | $1,095,656 |
| Qualifying Distributions | $868,750 | $843,850 | $775,500 |
| Net Investment Income | $1,055,571 | $596,219 | $990,994 |
| Distributable Amount | $842,879 | $808,055 | $824,906 |
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
243 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Harpeth Hall School ($150,000), St Georges Episcopal Church ($132,000), Centerstone Foundation ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST MICHAEL CATHOLIC SCHOOL HOUSTON, TX | TO SUPPORT CHURCH | $5,000 |
| ST GEORGES EPISCOPAL CHURCH NASHVILLE, TN | CAPITAL CAMPAIGN & ANNUAL FUND | $132,000 |
| ENSWORTH SCHOOL NASHVILLE, TN | TO SUPPORT SCHOOL | $25,000 |
| THE HERMITAGE-ANDREW JACKSON FOUNDA HERMITAGE, TN | TO SUPPORT CHARITY | $1,750 |
| YMCA OF MIDDLE TN NASHVILLE, TN | TO SUPPORT CHARITY | $20,000 |
| ROCK ISLAND PREBYTERIAN CHURCH ROCK ISLAND, TN | TO SUPPORT CHURCH | $5,000 |
| HARPETH CONSERVANCY FRANKLIN, TN | TO SUPPORT CHARITY | $10,000 |
| ST MICHAEL CATHOLIC SCHOOL HOUSTON, TX | TO SUPPORT CHURCH | $5,000 |
| RUF-UNIVERSITY OF ALABAMA TUSCALOOSA, AL | TO SUPPORT SCHOOL | $5,000 |
| OPERATION ANDREW GROUP NASHVILLE, TN | TO SUPPORT CHARITY | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| J BRANSFORD WALLACE JR | TRUSTEE | 1 | $20,000 |
| ANNE B NESBITT | TRUSTEE | 1 | $20,000 |
| ELIZABETH W TAYLOR | TRUSTEE | 1 | $20,000 |
| ELENA W GRAVES | TRUSTEE | 1 | $20,000 |
Frequently Asked Questions
What does Louise B Wallace Foundation 19702 fund?
The foundation makes grants to support charity, school, church, and literacy causes. Recent grantmaking demonstrates a commitment to educational institutions and community-based charitable organizations.
How do I apply for a grant from Louise B Wallace Foundation 19702?
**Grant Activity:** • Annual giving: approximately $843,850 (2023) • Number of grants: 50 grants in 2023; 55 grants in 2022 • Median grant size: $5,000 • Grant range: $2,000 to $150,000 **Recent Grants (2023):** • The Harpeth Hall School: $150,000 (to support school) • Centerstone Foundation: $100,000 (to support charity) • Covenant Presbyterian Church: $40,000 (to support church) **Application Policy:** The foundation does not accept unsolicited applications and operates on an invite-only basi…
Where does Louise B Wallace Foundation 19702 make grants?
The foundation primarily funds organizations in Tennessee, with a particular focus on the Nashville area.
What size grants does Louise B Wallace Foundation 19702 award?
In 2024, Louise B Wallace Foundation 19702 awarded 49 grants totaling $869K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Louise B Wallace Foundation 19702 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Louise B Wallace Foundation 19702 reported a distributable amount of $843K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Louise B Wallace Foundation 19702's EIN?
Louise B Wallace Foundation 19702's EIN (Employer Identification Number) is 58-1797048. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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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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