Mary and James G Wallach Foundation
The Mary and James G Wallach Foundation is a private, non-operating family foundation established in 1967 by James G. Wallach, chairman and chief executive of Central National-Gottesman Inc. (a pulp, paper and newsprint marketing company), and his wife Mary. The foundation received its IRS tax-exempt ruling in December 1968 and is based in Purchase, New York. The foundation maintains a low public profile and does not operate a website.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$72.0M
+24.5% YoY
Annual Giving
$3.0M
+9.0% YoY
Grant Count
13
-27.8% YoY
Avg Grant Size
$231K
+50.9% YoY
Under IRS private-foundation payout rules, Mary and James G Wallach Foundation reported a distributable amount of $4.4M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports a diverse range of charitable causes including:
- Arts and Culture: Performing arts, music, orchestral music, museums, and art museums
- Education: Educational institutions and youth programs
- Health: Health-related organizations and medical research
- Religion: Organizations with emphasis on Judaism
- Human Services: Various human services organizations
- Civic and Environmental: Conservation and civic institutions
Grantmaking
The foundation does not maintain a website and does not provide public contact information for grant inquiries. Grantseekers are advised to contact the foundation by mail or telephone and may benefit from networking to reach the foundation.
Grant Range
$300 to $1,000,000
Average Grant
approximately $152,878
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New York, San Francisco, Washington D.C., and other U.S. cities, with particular concentration in New York and surrounding areas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Data (2024):
- Total Assets: $72 million
- Total Revenue: $18.6 million
- Total Expenses: $4.42 million
- Total Liabilities: $0
Prior Year Data (2023):
- Total Assets: approximately $57.8 million
- Annual Giving: $2,751,800
- Expenses: approximately $3.6 million
- Revenue: approximately $3.1 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $71,977,103 | $57,806,771 | $58,293,154 |
| Revenue | $18,576,881 | $3,118,420 | $1,734,451 |
| Expenses | $4,424,729 | $3,604,803 | $4,247,253 |
| Qualifying Distributions | $3,034,435 | $2,786,455 | $3,483,270 |
| Net Investment Income | $17,345,912 | $2,324,726 | $982,334 |
| Distributable Amount | $4,388,633 | $3,529,433 | $3,248,337 |
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
96 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New York Philharmonic ($1,734,500), Metropolitan Museum of Art ($821,935), Westchester Community College Foundation Inc ($300,000).
| Recipient | Purpose | Amount |
|---|---|---|
| INTERNATIONAL RESCUE COMMITTEE INC ALBERT LEA, MN | GENERAL SUPPORT | $60,000 |
| JAPANESE ART SOCIETY OF AMERICA HARWICH PORT, MA | GENERAL SUPPORT | $25,000 |
| METROPOLITAN MUSEUM OF ART NEW YORK, NY | GENERAL SUPPORT | $821,935 |
| METROPOLITAN OPERA NEW YORK, NY | GENERAL SUPPORT | $5,500 |
| NATIONAL PHILANTHROPIC TRUST JENKINTOWN, PA | GENERAL SUPPORT | $5,000 |
| NEW YORK BOTANICAL GARDEN BRONX, NY | GENERAL SUPPORT | $10,000 |
| NEW YORK HISTORICAL SOCIETY NEW YORK, NY | GENERAL SUPPORT | $5,000 |
| NEW YORK PHILHARMONIC NEW YORK, NY | GENERAL SUPPORT | $1,734,500 |
| SCHOOL OF AMERICAN BALLET INC NEW YORK, NY | GENERAL SUPPORT | $1,000 |
| THOMPSON ARTS CENTER AT PARK AVENUE ARMORY NEW YORK, NY | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Mary Wallach - President (0.5 hours/week, no compensation)
- Andrew Wallach - Vice-President (0.5 hours/week, no compensation)
- Scott Wallach - Vice-President (0.5 hours/week, no compensation)
- Howard Herman - Secretary/Treasurer (0.5 hours/week, no compensation)
Mary Wallach and her sons Andrew and Scott continue to lead the foundation and steer its philanthropic activities. All leadership members work on a voluntary basis.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY WALLACH | PRESIDENT | 0.5 | — |
| HOWARD HERMAN | SECRETARY/TREASURER | 0.5 | — |
| ANDREW WALLACH | VICE-PRESIDENT | 0.5 | — |
| SCOTT WALLACH | VICE-PRESIDENT | 0.5 | — |
Recent News & Activity
Recent developments and announcements
Mary Wallach has been recognized for her significant contributions to the arts. In 2014, she donated $4 million to the Metropolitan Museum of Art to endow the position of Mary and James Wallach Family Conservator of Japanese Art, reflecting her expertise as a Met volunteer specializing in Japanese art since 1987. The family's philanthropic ties to the Metropolitan Museum run deep, as Mary's late parents-in-law, Ira and Miriam Wallach, were also benefactors and supporters of the Department of Asian Art.
Frequently Asked Questions
What does Mary and James G Wallach Foundation fund?
The foundation supports a diverse range of charitable causes including: • **Arts and Culture**: Performing arts, music, orchestral music, museums, and art museums • **Education**: Educational institutions and youth programs • **Health**: Health-related organizations and medical research • **Religion**: Organizations with emphasis on Judaism • **Human Services**: Various human services organizations • **Civic and Environmental**: Conservation and civic institutions
How do I apply for a grant from Mary and James G Wallach Foundation?
**Grant Activity:** • Annual giving: approximately $2.8 million to $3 million • Number of grants: 13-23 grants annually (18 grants in 2023, 16 in 2022, 23 in 2021) • Grant range: $300 to $1,000,000 • Average grant size: approximately $152,878 • Median grant size: $10,000 **Application Process:** The foundation does not maintain a website and does not provide public contact information for grant inquiries. Grantseekers are advised to contact the foundation by mail or telephone and may benefit fr…
Where does Mary and James G Wallach Foundation make grants?
The foundation primarily funds organizations in New York, San Francisco, Washington D.C., and other U.S. cities, with particular concentration in New York and surrounding areas.
What size grants does Mary and James G Wallach Foundation award?
In 2024, Mary and James G Wallach Foundation awarded 13 grants totaling $3.0M — an average of about $231K per grant, based on its IRS Form 990 filings.
How much is Mary and James G Wallach Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mary and James G Wallach Foundation reported a distributable amount of $4.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mary and James G Wallach Foundation's EIN?
Mary and James G Wallach Foundation's EIN (Employer Identification Number) is 13-6278694. IRS Form 990 filing data is available on this page for 2020–2024.
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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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