Wallace Barbara & Kelly King
Wallace Barbara & Kelly King is a private foundation, based in Dallas, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $886K in total assets. In 2024, it awarded 4 grants totaling $44K. Net investment income was $52K.
Wallace Barbara & Kelly King at a glance
In short: Wallace Barbara & Kelly King gave $44K across 4 grants in 2024 (avg $11K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $44,000
- -8.3% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $11,000
- -8.3% vs 2023
- Median grant
- $11,000
- Total assets
- $886,463
- +0.6% vs 2023
- Primary geography
- Texas (100% 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 Wallace Barbara & Kelly King funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Children's Medical Center Foundation ($15K). Together the top 4 received $44K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 21 grants of 21 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Wallace Barbara & Kelly King gives
- Giving held roughly steady from 2021 to 2024 (−11%). Method
- In 2024 it paid out 103% 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 $35K (2022) to $50K (2020). In 2024 it made 4 grants totaling $44K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Children's Medical Center Foundation Dallas, TX | Medical Research for Cancer | $14,500 |
| Texas Health Resources Foundation Arlington, TX | Medical Research for Heart Disease | $14,500 |
| The Center for Brain Health Dallas, TX | Medical Research for Alzheimers | $7,500 |
| UT Southwestern Health Systems Dallas, TX | Medical Research for Alzheimers | $7,500 |
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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 | $886,463 | $69,439 | $62,963 | $44,000 | 4 | $45,802 | $52,278 | $44,527 |
| 2023 | $881,347 | $-28,687 | $68,295 | $48,000 | 4 | $51,649 | — | $43,925 |
| 2022 | $977,912 | $46,521 | $60,510 | $35,000 | 4 | $38,602 | $25,118 | $45,867 |
| 2021 | $992,603 | $93,368 | $80,258 | $49,500 | 5 | $54,450 | $68,563 | $52,647 |
| 2020 | $979,493 | $70,995 | $72,068 | $50,000 | 4 | — | $51,124 | $46,978 |
Under IRS private-foundation payout rules, Wallace Barbara & Kelly King reported a distributable amount of $45K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Wallace Barbara & Kelly King's only listed officer is Simmons Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2024 filing
Simmons Bank
Trustee
On filings since 2020
4 hrs/week
$10K (2020) → $9K (2024)
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 $9K, to Simmons Bank (Trustee).
Frequently asked questions about Wallace Barbara & Kelly King
How much does Wallace Barbara & Kelly King give each year?
Wallace Barbara & Kelly King gave $44K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $48K across 4 grants.
What is Wallace Barbara & Kelly King's typical grant size?
Wallace Barbara & Kelly King's median grant in 2024 was $11,000, and its average grant was $11,000, across 4 grants on its 2024 IRS Form 990-PF.
Where does Wallace Barbara & Kelly King give grants?
Wallace Barbara & Kelly King gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Dallas, TX (3 grants).
Does Wallace Barbara & Kelly King give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Wallace Barbara & Kelly King's 2024 IRS Form 990-PF were described as general or operating support.
How large is Wallace Barbara & Kelly King?
Wallace Barbara & Kelly King reported $886K in total assets on its 2024 IRS Form 990-PF. It paid out $46K in qualifying distributions that year, against a required minimum of $45K (roughly 5% of its investment assets).
What is Wallace Barbara & Kelly King's EIN?
Wallace Barbara & Kelly King's EIN (Employer Identification Number) is 75-2720794. 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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