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
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
**
Ready to take the next step with Mary and James G Wallach Foundation?
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
No grants recorded for .
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.
Related Funders
Similar funders by location and focus area
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Ramsleg Foundation
BRIGHTWATERS, NY
Assets
$543
Grants
1
Total Given
$500
Druckenmiller Foundation
NEW YORK, NY
Assets
$1.8B
Grants
58
Total Given
$135.7M
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Mary and James G Wallach Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities