Neil W Wallace Foundation
Neil W 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 $390K in total assets. In 2024, it made $31K in qualifying distributions. Net investment income was $24K.
Neil W Wallace Foundation at a glance
- Total assets
- $390,101
- -1.9% vs 2023
- Revenue (2024)
- $26,731
- +115.4% vs 2023
- Qualifying distributions (2024)
- $30,840
- Expenses (2024)
- $34,270
- +1039.3% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Neil W Wallace Foundation funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Neil W Wallace Foundation gives
- In 2024 it paid out 157% 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 2022, annual grant giving ranged from $548K (2022) to $600K (2021). In 2022 it made 1 grant totaling $548K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Princeton University Princeton, NJ | Education | $547,567 |
Ready to take the next step with Neil W 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 | $390,101 | $26,731 | $34,270 | — | — | $30,840 | $23,932 | $19,684 |
| 2023 | $397,640 | $12,412 | $3,008 | — | — | — | $11,780 | $19,111 |
| 2022 | $388,236 | $549,728 | $550,140 | $547,567 | 1 | $547,567 | $8,405 | $18,414 |
| 2021 | $388,648 | $611,612 | $603,296 | $600,000 | 1 | — | $8,730 | $19,315 |
| 2020 | $380,332 | $602,147 | $602,428 | $600,000 | 1 | — | $5,621 | $20,021 |
Under IRS private-foundation payout rules, Neil W Wallace Foundation reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Neil W Wallace Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Bradford S. Wallace
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Neil W. Wallace
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
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 Neil W Wallace Foundation
How large is Neil W Wallace Foundation?
Neil W Wallace Foundation reported $390K in total assets on its 2024 IRS Form 990-PF. It paid out $31K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets).
Where does Neil W Wallace Foundation operate?
Neil W Wallace Foundation has awarded grants in New Jersey.
What is Neil W Wallace Foundation's EIN?
Neil W Wallace Foundation's EIN (Employer Identification Number) is 04-6469525. 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
Explore Open Grants
Browse active grant opportunities in Neil W Wallace Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Robert R Meyer Jr Mem Scholarship FD
Birmingham, AL
Assets
$243K
Grants
1
Total Given
$14K
Rogers Henry W
Chicago, IL
Assets
$5.9M
Grants
2
Total Given
$335K
First Point Volleyball Foundation
Los Angeles, CA
Volleyball people tend to be good people. Competitive volleyball players seem to develop into productive citizens, leaders and mentors. And the united states of America needs more leaders and more mentors. The overarching goal of First Point Volleyball Foundation is to create more opportunities for boys and men to play competitive volleyball. One of the key areas of the initiative is to expand opportunities for men to play on collegiate teams and to expand the amount of di and dii teams and di and dii scholarship opportunities. Ultimately, nothing is more important than nurturing the spirit and values of the young people of this country. Thank you for helping us do this on and near the volleyball court!
Assets
$106K
Grants
3
Total Given
$125K
Spout Foundation Inc
Fernandina Beach, FL
Assets
$1.4M
Grants
3
Total Given
$83K
John & Ardell Brumit Educational Trust
Buffalo, NY
Assets
$1.0M
Grants
3
Total Given
$54K
The San Simeon Fund Inc
San Francisco, CA
Assets
$75.0M
Grants
4
Total Given
$1.5M
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 Neil W 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.
Neil W Wallace Foundation down — hundreds of funders to go?