The Wallace and Baum Family Foundation Inc
The Wallace and Baum Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 10 grants totaling $163K. Net investment income was $151K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
-0.4% YoY
Annual Giving
$163K
-4.1% YoY
Grant Count
10
+66.7% YoY
Avg Grant Size
$16K
-42.5% YoY
Under IRS private-foundation payout rules, The Wallace and Baum Family Foundation Inc reported a distributable amount of $140K for 2024 — the minimum it must pay out in qualifying distributions.
About The Wallace and Baum Family Foundation Inc
Based on IRS filings
The Wallace and Baum Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 10 grants totaling $163K. Net investment income was $151K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,518,531 | $1,524,708 | $1,645,515 |
| Revenue | $256,236 | $166,593 | $345,834 |
| Expenses | $164,152 | $177,609 | $108,193 |
| Qualifying Distributions | $163,000 | $170,000 | $102,500 |
| Net Investment Income | $151,393 | $52,410 | $223,515 |
| Distributable Amount | $139,743 | $116,143 | $107,508 |
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
33 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Network for Teaching Entrepreneurship ($50,000), De La Salle Academy ($27,000), Cornell Univ Scheinman Inst on Conflict Resolution ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WASHINGTON & JEFFERSON COLLEGE WASHINGTON, PA | CHARITABLE - SCHOLARSHIP | $15,000 |
| COLUMBIA LAW SCHOOL NEW YORK, NY | CHARITABLE - EDUCATIONAL | $5,000 |
| NETWORK FOR TEACHING ENTREPRENEURSHIP NEW YORK, NY | CHARITABLE - SUPPORTING ENTREPRENEURSHIP EDUCATION PROGRAMS | $50,000 |
| DE LA SALLE ACADEMY NEW YORK, NY | CHARITABLE - EDUCATIONAL | $27,000 |
| CORNELL UNIVERSITY ITHACA, NY | CHARITABLE - SCHOLARSHIP AND ANNUAL FUND DRIVE | $15,000 |
| COLUMBIA BUSINESS SCHOOL NEW YORK, NY | CHARITABLE - EDUCATIONAL | $5,000 |
| CORNELL UNIV SCHEINMAN INST ON CONFLICT RESOLUTION ITHACA, NY | CHARITABLE - TO SUPPORT RESEARCH, TEACHING, TRAINING AND OUTREACH ON WORKPLACE CONFLICT RESOLUTION | $20,000 |
| TRUSTEES OF COLUMBIA UNIVERSITY NEW YORK, NY | CHARITABLE - TO SUPPORT THE GOVERNANCE OF THE UNIVERSITY | $3,000 |
| PLANNED PARENTHOOD OF GREATER NY NEW YORK, NY | CHARITABLE - TO SUPPORT ORGANIZATION WHICH PROVIDES SERVICES, EDUCATION, AND ADVOCACY FOR REPRODUCTIVE HEALTH RIGHTS AND ACCESS | $13,000 |
| NAF NEW YORK, NY | CHARITABLE - EDUCATIONAL | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HOLLY B WALLACE | PRESIDENT, TREASURER | 1 | — |
| EDWIN M BAUM | V.P. & SECRETARY | 0.5 | — |
| ALISON BAUM | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Wallace and Baum Family Foundation Inc?
The Wallace and Baum Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $1.5M in total assets as of 2024.
How large is The Wallace and Baum Family Foundation Inc?
As of 2024, The Wallace and Baum Family Foundation Inc holds $1.5M in total assets with $256K in annual revenue. It awarded 10 grants totaling $163K in 2024.
Where does The Wallace and Baum Family Foundation Inc operate?
The Wallace and Baum Family Foundation Inc has awarded grants in New York, Pennsylvania.
What size grants does The Wallace and Baum Family Foundation Inc award?
In 2024, The Wallace and Baum Family Foundation Inc awarded 10 grants totaling $163K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is The Wallace and Baum Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Wallace and Baum Family Foundation Inc reported a distributable amount of $140K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Wallace and Baum Family Foundation Inc's EIN?
The Wallace and Baum Family Foundation Inc's EIN (Employer Identification Number) is 13-4147868. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Wallace and Baum Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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