The Wallace Elizabeth and Isabella
The Wallace Elizabeth and Isabella is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MERCER ISLAND, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $432K in total assets. In 2024, it awarded 2 grants totaling $19K. Net investment income was $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$432K
+0.4% YoY
Annual Giving
$19K
-70.4% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$9K
-70.4% YoY
Under IRS private-foundation payout rules, The Wallace Elizabeth and Isabella reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.
About The Wallace Elizabeth and Isabella
Based on IRS filings
The Wallace Elizabeth and Isabella is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MERCER ISLAND, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $432K in total assets. In 2024, it awarded 2 grants totaling $19K. Net investment income was $17K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $432,145 | $430,444 | $475,848 |
| Revenue | $18,511 | $-598 | $-5,428 |
| Expenses | $32,196 | $82,017 | $40,663 |
| Qualifying Distributions | $25,651 | $75,369 | $31,798 |
| Net Investment Income | $16,630 | $12,581 | $7,737 |
| Distributable Amount | $21,041 | $22,858 | $25,015 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fordham University ($12,500), Punahou School ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PUNAHOU SCHOOL HONOLULU, HI | ART PROGRAM | $6,000 |
| FORDHAM UNIVERSITY BRONX, NY | SPRING TUITION GRANTS | $12,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELIZABETH EASTHAM-WONG | CEO & PRESIDENT | 2.5 | — |
| MATT BROWN | DIRECTOR | 0.5 | — |
| ANDY BAUTISTA | DIRECTOR | 0.5 | — |
| DENISE BARRETT | CFO | 2.5 | — |
| EDWARD H ELMS | DIRECTOR | 0.5 | — |
| CASEY HALE | SECRETARY | 2.5 | — |
| ISABELLA WONG | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Wallace Elizabeth and Isabella?
The Wallace Elizabeth and Isabella is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MERCER ISLAND, WA. It holds $432K in total assets as of 2024.
How large is The Wallace Elizabeth and Isabella?
As of 2024, The Wallace Elizabeth and Isabella holds $432K in total assets with $19K in annual revenue. It awarded 2 grants totaling $19K in 2024.
Where does The Wallace Elizabeth and Isabella operate?
The Wallace Elizabeth and Isabella has awarded grants in Hawaii, New York, Tennessee.
What size grants does The Wallace Elizabeth and Isabella award?
In 2024, The Wallace Elizabeth and Isabella awarded 2 grants totaling $19K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Wallace Elizabeth and Isabella required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Wallace Elizabeth and Isabella reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Wallace Elizabeth and Isabella's EIN?
The Wallace Elizabeth and Isabella's EIN (Employer Identification Number) is 61-1761583. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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