Monte J Wallace Foundation
Monte J Wallace Foundation is a private foundation, 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.
Monte J Wallace Foundation at a glance
- Total assets
- $450,236
- -1.2% vs 2023
- Revenue (2024)
- $28,752
- +221.0% vs 2023
- Qualifying distributions (2024)
- $31,400
- +3040.0% vs 2023
- Expenses (2024)
- $34,251
- +776.4% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Monte J Wallace Foundation funds
How this funder distributes its grants
Grant Size Distribution
7 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 7 (43%).
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 2024 it paid out 139% of its IRS minimum distribution (the 5% rule). 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 2020 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 |
Ready to take the next step with Monte J Wallace Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 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 |
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.
Leadership & Key People
Officers and directors from IRS filings
Monte J Wallace Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Monte J. Wallace
Trustee
On filings since 2020
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 (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2024. "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 $450K in total assets on its 2024 IRS Form 990-PF. It paid out $31K in qualifying distributions that year, against a required minimum of $23K (roughly 5% of its investment assets).
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 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- 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.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Monte J Wallace Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Becton Family Foundation
Homosassa, FL
The Becton Family Foundation funds arts and music, schools, conservation and heritage projects, and human services, with most 2025 grant dollars going to Maine and additional support in Massachusetts, Florida, California, and Connecticut. Grants ranged from $250 to $35,000, with a median of $2,000. It does not accept unsolicited requests and gives only to preselected organizations.
Assets
$162K
Grants
110
Total Given
$465K
Park Loop Charitable Foundation
Fort Worth, TX
The Park Loop Charitable Foundation funds capital commitments to schools, universities, and other charitable organizations, with 2024 grants ranging from $3,000 to $550,000 and a median of $35,000. Its 2024 grants went to organizations in Virginia, the District of Columbia, Iowa, Massachusetts, and Maryland. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$9.8M
Grants
12
Total Given
$1.1M
The Seilheimer Foundation
Orange, VA
Assets
$478K
Grants
103
Total Given
$44K
Lindsay & Alex Ramsay Foundation
San Francisco, CA
The foundation supports education, youth opportunities, and conservation, with most grant dollars going to California organizations. Its 2024 grants ranged from $250 to $25,000, with a median of $2,250. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$3.4M
Grants
16
Total Given
$75K
The Patton Charitable Foundation
Hobe Sound, FL
The Patton Charitable Foundation supports education, religion, health, community welfare, and the arts, with 2025 grants ranging from $150 to $27,500 and a median of $1,000. It funds organizations across the U.S., with the largest shares going to New York, Florida, Connecticut, Massachusetts, and Pennsylvania. The foundation funds only preselected charities and does not accept unsolicited requests.
Assets
$403K
Grants
58
Total Given
$170K
ESB Charitable Foundation
San Francisco, CA
The San Francisco-based ESB Charitable Foundation gave mainly to other foundations in 2024, with grants ranging from $25,000 to $4 million and a median of $250,000. All reported grants went to California recipients. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$107.1M
Grants
21
Total Given
$20.0M
More similar funders
More Funders in Massachusetts
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Monte J Wallace Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Monte J Wallace Foundation down — hundreds of funders to go?