Louise B Wallace Foundation 19702

Foundation · Grantmaker NASHVILLE, TN EIN: 58-1797048

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

-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.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Tennessee $4.0M (95%)

Georgia $114K (3%)

Texas $25K (1%)

Alabama $24K (1%)

Massachusetts $19K (0%)

Virginia $10K (0%)

District of Columbia $5K (0%)

Florida $3K (0%)

States

Alabama District of Columbia Florida Georgia Massachusetts Tennessee Texas Virginia

Cities

AthensBrentwoodFoxboroFranklinHermitageHoustonIrvingLake WalesLawrecevilleLawrencevilleMerrifieldMonteagleNashvilleRock IslandTullulah FallsTuscaloosaWashingtonWatkinsvilleWellesley Hills

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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?

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.