Wallace Family Foundation
The Wallace Family Foundation is a private foundation based in Greenville, South Carolina. Its 2025 filing reports grants to charitable organizations in South Carolina and several other states, including organizations in education, community work, medical services, and the arts.
Wallace Family Foundation at a glance
In short: Wallace Family Foundation gave $107K across 13 grants in 2025 (avg $8K), mostly in South Carolina. 31% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $107,000
- +1.8% vs 2024
- Grants made (2025)
- 13
- +44.4% vs 2024
- Average grant
- $8,231
- -29.5% vs 2024
- Median grant
- $2,000
- Total assets
- $2,052,982
- +47.9% vs 2024
- New grantees (estimate)
- 31% first-time grantees (4 of 13, 2025; small sample)
- Primary geography
- South Carolina (55% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Wallace Family Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 646 Mcdaniel Ave, Greenville, SC 29605
Phone: (864) 270-2878
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Wallace Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Vanderbilt University ($40K). Together the top 10 received $104K.
Grant Size Distribution
71 grants across all recorded years
The most common grant size was under $50K: 71 grants of 71 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 55% of grant dollars went to recipients in South Carolina and 37% to recipients in Tennessee. Smaller shares went to New Hampshire (5%), Michigan (2%), and North Carolina (1%).
Grant Distribution by State
Share of 2025 grant dollars across all 13 itemized grants.
States
Cities
Is Wallace Family Foundation open to new grantees?
31%
first-time grantees, 2025
In 2025, 4 of 13 grantees (31%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $2K; repeat grants $11K. How we count
Medians: $2K first-time, $5K repeat.
- 54% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−19%). Method
- In 2025 it paid out 108% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). 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 2019 to 2025, annual grant giving ranged from $48K (2020) to $132K (2022). In 2025 it made 13 grants totaling $107K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vanderbilt University Nashville, TN | Education | $40,000 |
| Brookgreen Gardens Pawleys, SC | Community | $30,000 |
| Bon Secours St Francis Foundation Greenville, SC | Medical | $11,500 |
| The Citadel Charleston, SC | Education | $10,000 |
| Proctor Academy Andover, NH | Education | $5,000 |
| Low Country Literacy Mt Pleasant, SC | Educational | $2,500 |
| Cutaneous Lymphoma Foundation Warren, MI | Arts & Education | $2,000 |
| Camperdown Academy Greenville, SC | Education | $1,000 |
| Metropolitan Arts Council Greenville, SC | Arts | $1,000 |
| Fund for Davidson College Davidson, NC | Rehabilitation | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,052,982 | $162,084 | $140,088 | $107,000 | 13 | $107,000 | $128,908 | $98,629 |
| 2024 | $1,388,435 | $159,784 | $126,754 | $105,125 | 9 | $105,125 | $138,072 | $93,963 |
| 2023 | $1,355,177 | $78,527 | $89,366 | $66,328 | 11 | $66,328 | $55,489 | $86,469 |
| 2022 | $1,366,148 | $81,301 | $159,260 | $131,530 | 27 | $132,650 | $55,081 | $92,859 |
| 2021 | $1,445,211 | $254,953 | $103,978 | $77,000 | 11 | $78,270 | $229,245 | $89,618 |
| 2020 | $1,294,674 | $65,984 | $67,611 | $47,707 | 6 | — | $47,340 | $79,316 |
| 2019 | $1,295,480 | $144,822 | $76,785 | $55,707 | 8 | — | $125,009 | $75,028 |
Under IRS private-foundation payout rules, Wallace Family Foundation reported a distributable amount of $99K for 2025 — 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 2025 grants were designated for purposes including education, community, medical services, and the arts.
The grantees’ own descriptions show a range of work. Brookgreen Gardens says it collects, preserves, and exhibits American sculpture and South Carolina’s native flora and fauna. The Cutaneous Lymphoma Foundation describes itself as a patient advocacy organization focused on awareness, education, patient care, and research. Camperdown Academy says it works to help students with learning difficulties reach their academic potential. The Metropolitan Arts Council describes its mission as supporting artistic expression and appreciation in Greenville County.
Grantmaking
In 2025, the foundation made 13 grants totaling $107,000. Grant amounts ranged from $1,000 to $40,000, with a median grant of $2,000. Its largest grants included $40,000 to Vanderbilt University for education, $30,000 to Brookgreen Gardens for community, $11,500 to Bon Secours St Francis Foundation for medical services, and $10,000 to The Citadel for education. Other recipients included Proctor Academy ($5,000), Low Country Literacy ($2,500), and the Cutaneous Lymphoma Foundation ($2,000). The 2025 filing also lists $1,000 grants to Camperdown Academy, the Metropolitan Arts Council, the Fund for Davidson College, the Warehouse Theater, and International Ballet; The Chandler School is separately described as receiving $1,000 in 2025.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Martha W Pellett as Foundation Mgr.
Wallace Family Foundation's only listed officer is Martha W Pellett, Foundation Manager since 2023 (on filings since 2019) (uncompensated).
Officers on the 2025 filing
Martha W Pellett
Foundation Manager
Trustee → Foundation Manager, 2023
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Wallace Family Foundation
How much does Wallace Family Foundation give each year?
Wallace Family Foundation gave $107K across 13 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $105K across 9 grants.
What is Wallace Family Foundation's typical grant size?
Wallace Family Foundation's median grant in 2025 was $2,000, and its average grant was $8,231, across 13 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Wallace Family Foundation that year got $2K on average.
Where does Wallace Family Foundation give grants?
Wallace Family Foundation gives mostly in South Carolina: 55% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Tennessee (37%). The most frequent recipient cities were Greenville, SC (5 grants).
Does Wallace Family Foundation give general operating support?
Not in 2025: none of the 13 grants with a stated purpose on Wallace Family Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (4 grants).
Who are Wallace Family Foundation's largest grantees?
Wallace Family Foundation's largest 2025 grantees include Vanderbilt University ($40,000), Brookgreen Gardens ($30,000) and Bon Secours St Francis Foundation ($11,500), according to its 2025 IRS Form 990-PF. Together they received 76% of its itemized 2025 grant dollars.
How large is Wallace Family Foundation?
Wallace Family Foundation reported $2.1M in total assets on its 2025 IRS Form 990-PF. It paid out $107K in qualifying distributions that year, against a required minimum of $99K (roughly 5% of its investment assets).
What does Wallace Family Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants were designated for purposes including education, community, medical services, and the arts. See mission & focus areas ↑
How do I apply for a grant from Wallace Family Foundation?
The foundation 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 Wallace Family Foundation's EIN?
Wallace Family Foundation's EIN (Employer Identification Number) is 58-6343201. IRS Form 990 filing data is available on this page for 2019–2025.
Does Wallace Family Foundation 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
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 22, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Wallace Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Wallace Family Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Wallace Family Foundation funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/wallace-family-foundation-morg_ea0cdce496064b5f8e9150c65e3c897e
BibTeX
@misc{grantable_586343201_2026,
author = {{Grantable}},
title = {{Wallace Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/wallace-family-foundation-morg_ea0cdce496064b5f8e9150c65e3c897e},
note = {Accessed 2026-10-17. 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 Wallace Family Foundation'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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