Monte J Wallace Foundation
Monte J Wallace Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $450K in total assets. In 2024, it made $31K in qualifying distributions. Net investment income was $26K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$450K
-1.2% YoY
Revenue
$29K
+221.0% YoY
Qualifying Distributions
$31K
+3040.0% YoY
Expenses
$34K
+776.4% YoY
Under IRS private-foundation payout rules, Monte J Wallace Foundation reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.
About Monte J Wallace Foundation
Based on IRS filings
Monte J Wallace Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $450K in total assets. In 2024, it made $31K in qualifying distributions. Net investment income was $26K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $450,236 | $455,735 | $450,685 |
| Revenue | $28,752 | $8,958 | $547,362 |
| Expenses | $34,251 | $3,908 | $592,028 |
| Qualifying Distributions | $31,400 | $1,000 | $589,798 |
| Net Investment Income | $25,901 | $7,898 | $6,132 |
| Distributable Amount | $22,630 | $22,146 | $22,854 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MONTE J WALLACE | TRUSTEE | 0.5 | — |
| W GARDNER WALLACE | TRUSTEE | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Monte J Wallace Foundation?
Monte J Wallace Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. It holds $450K in total assets as of 2024.
How large is Monte J Wallace Foundation?
As of 2024, Monte J Wallace Foundation holds $450K in total assets with $29K in annual revenue.
Where does Monte J Wallace Foundation operate?
Monte J Wallace Foundation has awarded grants in Massachusetts, New Jersey.
How much is Monte J Wallace Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Monte J Wallace Foundation reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Monte J Wallace Foundation's EIN?
Monte J Wallace Foundation's EIN (Employer Identification Number) is 04-6904988. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Monte J Wallace Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.