The Wallace Elizabeth and Isabella
The Wallace Elizabeth and Isabella is a private foundation, 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.
The Wallace Elizabeth and Isabella at a glance
In short: The Wallace Elizabeth and Isabella gave $19K across 2 grants in 2024 (avg $9K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $18,500
- -70.4% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $9,250
- -70.4% vs 2023
- Median grant
- $9,250
- Total assets
- $432,145
- +0.4% vs 2023
- Primary geography
- New York (68% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Wallace Elizabeth and Isabella funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Fordham University ($13K). Together the top 2 received $19K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How The Wallace Elizabeth and Isabella gives
- Giving fell 26% from 2021 to 2024. Method
- In 2024 it paid out 122% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $19K (2024) to $63K (2023). In 2024 it made 2 grants totaling $19K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fordham University Bronx, NY | Spring Tuition Grants | $12,500 |
| Punahou School Honolulu, HI | Art Program | $6,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $432,145 | $18,511 | $32,196 | $18,500 | 2 | $25,651 | $16,630 | $21,041 |
| 2023 | $430,444 | $-598 | $82,017 | $62,500 | 2 | $75,369 | $12,581 | $22,858 |
| 2022 | $475,848 | $-5,428 | $40,663 | $25,000 | 1 | $31,798 | $7,737 | $25,015 |
| 2021 | $585,602 | $80,176 | $38,037 | $25,000 | 1 | $32,686 | $75,631 | $27,356 |
| 2020 | $579,148 | $53,295 | $62,550 | $46,540 | 4 | — | $46,313 | $23,517 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Wallace Elizabeth and Isabella is led by Elizabeth Eastham-Wong, CEO & President on every filing since 2020; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Elizabeth Eastham-Wong
CEO & President
On filings since 2020
2.5 hrs/week
No compensation reported
Andy Bautista
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Edward H. Elms
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Isabella Wong
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Matt Brown
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Casey Hale
Secretary
On filings since 2020
2.5 hrs/week
No compensation reported
Denise Barrett
CFO
On filings since 2020
2.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Wallace Elizabeth and Isabella
How much does The Wallace Elizabeth and Isabella give each year?
The Wallace Elizabeth and Isabella gave $19K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $63K across 2 grants.
How large is The Wallace Elizabeth and Isabella?
The Wallace Elizabeth and Isabella reported $432K in total assets on its 2024 IRS Form 990-PF. It paid out $26K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets).
Where does The Wallace Elizabeth and Isabella operate?
The Wallace Elizabeth and Isabella has awarded grants in Hawaii, New York, Tennessee.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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