Monte J Wallace Foundation
Monte J Wallace Foundation is a private foundation, based in Boston, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $475K in total assets. In 2025, it made $8K in qualifying distributions. Net investment income was $33K.
Monte J Wallace Foundation at a glance
- Total assets
- $474,856
- +5.5% vs 2024
- Revenue (2025)
- $36,147
- +25.7% vs 2024
- Qualifying distributions (2025)
- $8,280
- -73.6% vs 2024
- Expenses (2025)
- $11,527
- -66.3% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
Who Monte J Wallace Foundation funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 2 grants of 5 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Monte J Wallace Foundation gives
- Giving fell 100% from 2020 to 2023. Method
- In 2025 it paid out 34% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $1K (2023) to $700K (2020). In 2023 it made 1 grant totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Groton School Groton, MA | In Memory of Charles Alexander | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $474,856 | $36,147 | $11,527 | — | — | $8,280 | $32,900 | $24,407 |
| 2024 | $450,236 | $28,752 | $34,251 | — | — | $31,400 | $25,901 | $22,630 |
| 2023 | $455,735 | $8,958 | $3,908 | $1,000 | 1 | $1,000 | $7,898 | $22,146 |
| 2022 | $450,685 | $547,362 | $592,028 | $589,798 | 2 | $589,798 | $6,132 | $22,854 |
| 2021 | $495,351 | $610,588 | $653,020 | $650,000 | 2 | — | $7,818 | $25,769 |
| 2020 | $537,783 | $628,797 | $703,977 | $700,000 | 2 | — | $10,478 | $26,477 |
| 2019 | $612,963 | $619,574 | $658,273 | $650,000 | 2 | — | $11,336 | $30,145 |
Under IRS private-foundation payout rules, Monte J Wallace Foundation reported a distributable amount of $24K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Monte J Wallace Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Monte J. Wallace
Trustee
On filings since 2019
0.5 hrs/week
No compensation reported
W. Gardner Wallace
Trustee
On filings since 2022
0.5 hrs/week
No compensation reported
Former officers (1)
- Former: Anne H. Wallace (2019–2021) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Monte J Wallace Foundation
How large is Monte J Wallace Foundation?
Monte J Wallace Foundation reported $475K in total assets on its 2025 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $24K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Monte J Wallace Foundation operate?
Monte J Wallace Foundation has awarded grants in Massachusetts, New Jersey.
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 2019–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 15, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 10, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Monte J Wallace Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Monte J Wallace Foundation's focus areas in our free grants database
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