The Susan S. and Kenneth Wallach Foundation is a private foundation established in 1997 and based in Purchase, New York. The foundation was founded by Kenneth L. Wallach, former CEO of Central National-Gottesman Inc. of Lindenmeyr Munroe Corporation, and his wife Susan, a longtime lawyer. The foundation operates as a non-operating private grantmaking foundation with a low public profile and does not maintain a website.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$87.1M
+22.0% YoY
Annual Giving
$4.5M
+14.1% YoY
Grant Count
58
+11.5% YoY
Avg Grant Size
$77K
+2.3% YoY
Mission & Focus Areas
The foundation funds grantmaking related to education, youth, the arts, health, and Jewish causes. Arts education and arts and culture organizations receive the lion's share of funding, with education and human services as secondary priorities.
Recent grant recipients in the arts include the American Museum of Natural History, The Chamber Music Society of Lincoln Center, American Academy of Arts and Sciences, National Book Foundation, and The New York Public Library. The foundation is also a major patron of higher education, particularly Harvard University, the mutual alma mater of both founders.
Grantmaking
The foundation makes general support and general purpose grants. In 2023, the foundation made 49 grants totaling approximately $3.9 million. Grant sizes have ranged from $250 to $1,375,000, with median grants around $76,000 and average grants approximately $71,000-$76,500.
Grant Range
s have ranged from $250 to $1,375,000, with median grants around $76,000 and average grants approximately $71,000-$76,500.
Average Grant
s approximately $71,000-$76,500.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New York and Massachusetts, with some grants extending to New Jersey and California. Arts grants have concentrated in New England, particularly in New York and Massachusetts.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $71,396,981
- Total Revenue: $3,403,925
- Total Expenses: $4,879,090
- Total Giving: $3,937,800
- Total Liabilities: $0
The foundation has experienced significant asset growth, increasing from $1.9 million in 2011 to $71.4 million in 2023.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $87,134,015 | $71,396,981 | $72,872,266 |
| Revenue | $21,832,283 | $3,403,925 | $1,986,586 |
| Expenses | $6,095,249 | $4,879,090 | $4,395,666 |
| Qualifying Distributions | $4,494,373 | $3,937,800 | $3,541,378 |
| Net Investment Income | $20,421,530 | $2,489,070 | $1,146,398 |
| Distributable Amount | $5,376,765 | $4,405,513 | $4,013,580 |
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
242 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
Kenneth L. Wallach — Trustee (5 hours per week)
Susan S. Wallach — Trustee (5 hours per week)
Steven Eigen — Treasurer (0.5 hours per week)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENNETH L WALLACH | TRUSTEE | 5 | — |
| SUSAN S WALLACH | TRUSTEE | 5 | — |
| STEVEN EIGEN | TREASURER | 0.5 | — |
Recent News & Activity
Recent developments and announcements
The Wallach Artists Fund and the Susan S. and Kenneth L. Wallach Artists Chair have been established, with announcements made through the Chamber Music Society of Lincoln Center.
Announcing the Wallach Artists Fund and the Susan S. and Kenneth ...Susan Wallach was elected to the Pace University Board of Trustees in 2013.
Announcing the Wallach Artists Fund and the Susan S. and Kenneth ...The foundation made a $10 million gift to Radcliffe Institute for Advanced Study at Harvard University, establishing the Susan S. and Kenneth L. Wallach House.
Announcing the Wallach Artists Fund and the Susan S. and Kenneth ...Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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