The William H & Margaret M Wallace

Foundation · Grantmaker MISSOULA, MT EIN: 81-0504215

The William H and Margaret M Wallace Foundation is a private foundation based in Missoula, Montana. The foundation was granted tax-exempt status in April 1996 and operates as a grantmaking organization supporting nonprofit work across Montana.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.3M

-5.3% YoY

Annual Giving

$549K

-8.7% YoY

Grant Count

-6.3% YoY

Avg Grant Size

$18K

-2.6% YoY

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 April 2026.

Mission & Focus Areas

The foundation's primary funding priorities include:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
Wildlife and conservation initiatives
Youth education programs

Grantmaking

The foundation awarded $25,000 to Raptors of the Rockies in 2023 for youth education programming.

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations and initiatives in Montana, with a particular emphasis on the Missoula area and surrounding regions.

Grant Distribution by State

Montana $2.9M (100%)

States

Montana

Cities

BillingsDeer LodgeDrummondFlorenceGreat FallsMissoulaPhilipsburg

Financial History

Multi-year comparison from IRS filings

Total Assets (2023): $5,000,000
Total Assets (2024): $4,312,725
Total Distributions (2023): $601,000
Total Giving (2024): $534,000

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,312,725	$4,555,212	$5,051,636
Revenue	$317,334	$131,387	$292,535
Expenses	$560,850	$628,420	$645,210
Qualifying Distributions	$534,000	$601,000	$599,000
Net Investment Income	$293,540	$108,039	$267,732
Distributable Amount	$239,698	$241,740	$275,390

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

155 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Missoula Food Bank ($80,000), Powell County High School Foundation ($35,000), Montana Natural History Center ($30,000).

Recipient	Purpose	Amount
RONALD MCDONALD HOUSE MISSOULA, MT	OPERATIONS	$25,000
ST PATRICK HOUSE MISSOULA, MT	OPERATIONS	$25,000
MONTANA NATURAL HISTORY CENTER MISSOULA, MT	YOUTH EDUCATION	$30,000
CHILDRENS ONCOLOGY CAMP FOUNDATION MISSOULA, MT	YOUTH CANCER CAMP	$30,000
MISSOULA FOOD BANK MISSOULA, MT	FOOD FOR NEEDY	$80,000
YWCA MISSOULA, MT	YOUTH PROGRAMS	$30,000
MISSOULA YOUTH HOMES MISSOULA, MT	YOUTH PROGRAMS	$20,000
MISSOULA CHILDRENS THEATER MISSOULA, MT	YOUTH PROGRAMS	$20,000
CAROUSEL FOR MISSOULA FOUNDATION MISSOULA, MT	YOUTH PROGRAMS	$5,000
FAMILIES FIRST- CHILDRENS MUSEUM MISSOULA, MT	YOUTH PROGRAMS	$7,000

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation is governed by the following board members:

Greg L Hanson – President & Director
HJ Hanson – Secretary & Director
Gary L Graham – Director
Carol A Graham – Director
Greg Malone – Director
Jill Malone – Director

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GREG L HANSON	PRESIDENT & DIR	2.5	—
HJ HANSON	SECRETARY & DIR	0.3	—
GARY L GRAHAM	Director	0.3	—
CAROL A GRAHAM	Director	0.3	—
GREG MALONE	Director	0.3	—
JILL MALONE	Director	0.3	$1,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The William H & Margaret M Wallace fund?

The foundation's primary funding priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Wildlife and conservation initiatives • Youth education programs

How do I apply for a grant from The William H & Margaret M Wallace?

**Grant Amounts** • Typical award range: $5,000–$80,000 • Median grant amount: $15,000 • Maximum grant observed: $65,000 **Recent Activity** • Total giving in 2023: $601,000 • Total giving in 2024: $534,000 • Number of grants awarded (2023): 32 grants **Recent Grants** The foundation awarded $25,000 to Raptors of the Rockies in 2023 for youth education programming.

Where does The William H & Margaret M Wallace make grants?

The foundation primarily funds organizations and initiatives in Montana, with a particular emphasis on the Missoula area and surrounding regions.

What size grants does The William H & Margaret M Wallace award?

In 2024, The William H & Margaret M Wallace awarded 30 grants totaling $549K — an average of about $18K per grant, based on its IRS Form 990 filings.

How much is The William H & Margaret M Wallace required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The William H & Margaret M Wallace reported a distributable amount of $240K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.