The William H & Margaret M Wallace
The William H & Margaret M Wallace is a private foundation based in Missoula, Montana. Its 2024 filing reports grants to Montana organizations working in areas including food assistance, scholarships, youth programs and education, and organizational operations.
The William H & Margaret M Wallace at a glance
In short: The William H & Margaret M Wallace gave $549K across 30 grants in 2024 (avg $18K), mostly in Montana. 7% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $549,000
- -8.7% vs 2023
- Grants made (2024)
- 30
- -6.3% vs 2023
- Average grant
- $18,300
- -2.6% vs 2023
- Median grant
- $15,000
- Total assets
- $4,312,725
- -5.3% vs 2023
- New grantees (estimate)
- 7% first-time grantees (2 of 30, 2024)
- Primary geography
- Montana (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The William H & Margaret M Wallace
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: PO Box 7909, Missoula, MT 59807
Phone: (406) 523-2516
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The William H & Margaret M Wallace funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Missoula Food Bank ($80K). Together the top 10 received $330K.
Grant Size Distribution
155 grants across all recorded years
The most common grant size was under $50K: 149 grants of 155 (96%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in Montana.
Grant Distribution by State
Share of 2024 grant dollars across all 30 itemized grants.
States
Cities
Is The William H & Margaret M Wallace open to new grantees?
7%
first-time grantees, 2024
In 2024, 2 of 30 grantees (7%) were first-time recipients. First grants averaged $5K; repeat grants $19K. How we count
Medians: $5K first-time, $15K repeat.
- 93% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−8%). Method
- In 2024 it paid out 223% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $549K (2024) to $601K (2023). In 2024 it made 30 grants totaling $549K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Missoula Food Bank Missoula, MT | Food for Needy | $80,000 |
| Powell County High School Foundation Deer Lodge, MT | Scholarships | $35,000 |
| Montana Natural History Center Missoula, MT | Youth Education | $30,000 |
| Childrens Oncology Camp Foundation Missoula, MT | Youth Cancer Camp | $30,000 |
| YWCA Missoula, MT | Youth Programs | $30,000 |
| Ronald McDonald House Missoula, MT | Operations | $25,000 |
| St Patrick House Missoula, MT | Operations | $25,000 |
| Raptors of the Rockies Florence, MT | Youth Education | $25,000 |
| Watsons Childrens Foundation Missoula, MT | Operations | $25,000 |
| Special Olympics of Montana Great Falls, MT | Operations | $25,000 |
Ready to take the next step with The William H & Margaret M Wallace?
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 | $4,312,725 | $317,334 | $560,850 | $549,000 | 30 | $534,000 | $293,540 | $239,698 |
| 2023 | $4,555,212 | $131,387 | $628,420 | $601,000 | 32 | $601,000 | $108,039 | $241,740 |
| 2022 | $5,051,636 | $292,535 | $645,210 | $599,000 | 31 | $599,000 | $267,732 | $275,390 |
| 2021 | $5,404,283 | $798,875 | $625,406 | $596,349 | 33 | $596,349 | $775,289 | $301,180 |
| 2020 | $5,231,392 | $243,510 | $593,123 | $567,000 | 29 | — | $220,834 | $309,051 |
Under IRS private-foundation payout rules, The William H & Margaret M Wallace reported a distributable amount of $240K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included support for food assistance, scholarships, youth programs and education, cancer-related services, and organizational operations.
Some grantees describe their own work as promoting nature education and stewardship (Montana Natural History Center), protecting western Montana’s natural legacy (Five Valleys Land Trust), and inspiring young people through nature and science (Ecology Project International). These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In 2024, the foundation reported 30 grants totaling $549,000. Grants ranged from $5,000 to $80,000, with a median of $15,000. Notable grants included $80,000 to Missoula Food Bank for food for needy people; $35,000 to Powell County High School Foundation for scholarships; and $30,000 each to Montana Natural History Center for youth education, Childrens Oncology Camp Foundation for a youth cancer camp, and YWCA for youth programs.
Other 2024 recipients included Five Valleys Land Trust and Ecology Project International, each receiving $15,000; Partners Hope Foundation, which received $10,000; and Garden City Harvest and The Roxy Theater, each receiving $5,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Greg L Hanson as president and director; HJ Hanson as secretary and director; and Gary L Graham, Carol A Graham, Greg Malone, and Jill Malone as directors.
The William H & Margaret M Wallace is led by Greg L. Hanson, President & Director on every filing since 2020; 1 of 6 officers listed in 2024 is compensated.
Officers on the 2024 filing
Greg L. Hanson
President & Director
On filings since 2020
2.5 hrs/week
No compensation reported
Jill Malone
Director
On filings since 2020
0.3 hrs/week
$2K (2021) → $1K (2024)
Carol A. Graham
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Gary L. Graham
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Greg Malone
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Hj Hanson
Secretary & Director
On filings since 2020
0.3 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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $1K, to Jill Malone (Director).
Frequently asked questions about The William H & Margaret M Wallace
How much does The William H & Margaret M Wallace give each year?
The William H & Margaret M Wallace gave $549K across 30 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $601K across 32 grants.
What is The William H & Margaret M Wallace's typical grant size?
The William H & Margaret M Wallace's median grant in 2024 was $15,000, and its average grant was $18,300, across 30 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The William H & Margaret M Wallace that year got $5K on average.
Where does The William H & Margaret M Wallace give grants?
The William H & Margaret M Wallace gives mostly in Montana: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Missoula, MT (20 grants) and Philipsburg, MT (5 grants).
Does The William H & Margaret M Wallace give general operating support?
Not in 2024: none of the 30 grants with a stated purpose on The William H & Margaret M Wallace's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Operations" (17 grants), "Youth Programs" (5 grants) and "Scholarships" (3 grants).
Who are The William H & Margaret M Wallace's largest grantees?
The William H & Margaret M Wallace's largest 2024 grantees include Missoula Food Bank ($80,000), Powell County High School Foundation ($35,000) and Montana Natural History Center ($30,000), according to its 2024 IRS Form 990-PF. Together they received 26% of its itemized 2024 grant dollars.
How large is The William H & Margaret M Wallace?
The William H & Margaret M Wallace reported $4.3M in total assets on its 2024 IRS Form 990-PF. It paid out $534K in qualifying distributions that year, against a required minimum of $240K (roughly 5% of its investment assets).
What does The William H & Margaret M Wallace fund?
No mission statement for the foundation is provided. Its 2024 grants included support for food assistance, scholarships, youth programs and education, cancer-related services, and organizational operations. See mission & focus areas ↑
How do I apply for a grant from The William H & Margaret M Wallace?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The William H & Margaret M Wallace's EIN?
The William H & Margaret M Wallace's EIN (Employer Identification Number) is 81-0504215. IRS Form 990 filing data is available on this page for 2020–2024.
Does The William H & Margaret M Wallace accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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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Cite this profile
Grantable. (2026). The William H & Margaret M Wallace funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/the-william-h-and-margaret-m-wallace-morg_65bb06242d8f4ce2930b87a3c2868ebd
BibTeX
@misc{grantable_810504215_2026,
author = {{Grantable}},
title = {{The William H \& Margaret M Wallace funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-william-h-and-margaret-m-wallace-morg_65bb06242d8f4ce2930b87a3c2868ebd},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The William H & Margaret M Wallace's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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