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.
Key facts about The Fred and Alice Wallace Charitable
- EIN
- 31-0944135
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $430,500
- Grants made (2024)
- 37
- Average grant
- $11,635
- Median grant
- $10,000
- New grantees (estimate)
- 22% first-time grantees (8 of 37, 2024)
- Total assets
- $7,639,203
- Primary geography
- Ohio (98% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Fred and Alice Wallace Charitable funds
By grant dollars, the top recipient states for The Fred and Alice Wallace Charitable's 37 itemized 2024 grants were Ohio (98%). The most frequent recipient cities were Dayton, OH (30 grants). None of its 37 grants with a stated purpose were described as general or operating support. Recurring purposes include "Education" (21 grants) and "Health" (15 grants).
Is The Fred and Alice Wallace Charitable open to new grantees?
22%
first-time grantees, 2024
In 2024, 8 of 37 grantees (22%) were first-time recipients. First grants averaged $8K; repeat grants $13K. How we count
Medians: $10K first-time, $10K repeat.
- 73% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−4%). Method
- In 2024 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Fred and Alice Wallace Charitable
- How to evaluate The Fred and Alice Wallace Charitable as a funder
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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
Ready to take the next step with The Fred and Alice Wallace Charitable?
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
Share of all 37 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Catholic Social Services ($60,000), Miami Valley Hospital Foundation ($49,500), United Rehabilitation Services Dayton ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CATHOLIC SOCIAL SERVICES Dayton, OH | EDUCATION | $60,000 |
| MIAMI VALLEY HOSPITAL FOUNDATION Dayton, OH | HEALTH | $49,500 |
| UNITED REHABILITATION SERVICES DAYTON Dayton, OH | HEALTH | $20,000 |
| BRUNNER LITERACY COUNCIL Dayton, OH | EDUCATION | $15,000 |
| SHRINERS CHILDRENS HOSPITAL Dayton, OH | HEALTH | $15,000 |
| DAYBREAK Dayton, OH | EDUCATION | $12,000 |
| BIG BROTHERS BIG SISTERS Dayton, OH | EDUCATION | $10,500 |
| DAYTON FOUNDATION Dayton, OH | EDUCATION | $10,000 |
| DECA Dayton, OH | EDUCATION | $10,000 |
| FIVE RIVERS METRO PARKS 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 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.