The Fred and Alice Wallace Charitable
The Fred and Alice Wallace Charitable Memorial Foundation is a private charitable foundation established in 1979 by Fred and Alice Wallace. Based in Springboro, Ohio, the foundation focuses on improving health and education in the Miami Valley region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.6M
+2.5% YoY
Annual Giving
$431K
-1.0% YoY
Grant Count
37
-9.8% YoY
Avg Grant Size
$12K
+9.7% YoY
Under IRS private-foundation payout rules, The Fred and Alice Wallace Charitable reported a distributable amount of $546K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's stated mission is "Improving Health and Education in the Miami Valley."
Grantmaking
The foundation maintains a formal grant-making process, with information available on their website regarding application procedures and guidelines.
Grant Range
$10,000
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Geographic Focus
Where this funder awards grants
The foundation concentrates its funding efforts in the Miami Valley region, with a particular emphasis on the Springboro, Ohio area and surrounding communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (2023):
- Total assets: $11,000,000
- Annual distributions: $478,000
- Contributions received: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,639,203 | $7,450,544 | $7,617,887 |
| Revenue | $789,064 | $416,228 | $430,410 |
| Expenses | $600,405 | $583,571 | $622,600 |
| Qualifying Distributions | $473,058 | $477,816 | $500,208 |
| Net Investment Income | $646,089 | $292,566 | $287,210 |
| Distributable Amount | $545,569 | $492,043 | $500,474 |
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
199 grants across all recorded years
Open Grants
1 open opportunity from The Fred and Alice Wallace Charitable
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Catholic Social Services ($60,000), Miami Valley Hospital Foundation ($49,500), United Rehabilitation Services Dayton ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS DAYTON CHAPTER DAYTON, OH | HEALTH | $5,000 |
| BIG BROTHERS BIG SISTERS DAYTON, OH | EDUCATION | $10,500 |
| BISHOP LEIBOLD SCHOOL DAYTON, OH | EDUCATION | $7,500 |
| BRUNNER LITERACY COUNCIL DAYTON, OH | EDUCATION | $15,000 |
| CATHOLIC SOCIAL SERVICES DAYTON, OH | EDUCATION | $60,000 |
| CHRIST CHILD SOCIETY DAYTON, OH | EDUCATION | $5,000 |
| CRAYONS TO CLASSROOMS DAYTON, OH | EDUCATION | $5,000 |
| DAYBREAK DAYTON, OH | EDUCATION | $12,000 |
| DAYTON FOUNDATION DAYTON, OH | EDUCATION | $10,000 |
| DECA DAYTON, OH | EDUCATION | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board Members (2023):
- J R Hochwalt — President/Treasurer
- Doug Meyer — Secretary
- Dick Wick — Vice President
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| J R HOCHWALT | PRESIDENT / TREASURER | 4 | $6,000 |
| DOUG MEYER | SECRETARY | 1 | $6,000 |
| DICK WICK | VICE PRESIDENT | 1 | $6,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Fred and Alice Wallace Charitable fund?
The foundation's stated mission is **"Improving Health and Education in the Miami Valley."**
How do I apply for a grant from The Fred and Alice Wallace Charitable?
**Grant Activity (2023 Tax Year):** • Total distributions: $478,000 • Number of grants awarded: 41 • Median grant size: $10,000 • Maximum grant size: $60,000 The foundation maintains a formal grant-making process, with information available on their website regarding application procedures and guidelines.
Where does The Fred and Alice Wallace Charitable make grants?
The foundation concentrates its funding efforts in the Miami Valley region, with a particular emphasis on the Springboro, Ohio area and surrounding communities.
What size grants does The Fred and Alice Wallace Charitable award?
In 2024, The Fred and Alice Wallace Charitable awarded 37 grants totaling $431K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is The Fred and Alice Wallace Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Fred and Alice Wallace Charitable reported a distributable amount of $546K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Fred and Alice Wallace Charitable's EIN?
The Fred and Alice Wallace Charitable's EIN (Employer Identification Number) is 31-0944135. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Fred and Alice Wallace Charitable's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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