Wallace Family Foundation
Wallace Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Greenville, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 9 grants totaling $105K. Net investment income was $138K.
Key facts about Wallace Family Foundation
- EIN
- 58-6343201
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $105,125
- Grants made (2024)
- 9
- Average grant
- $11,681
- Median grant
- $10,000
- Total assets
- $1,388,435
- Primary geography
- South Carolina (81% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Wallace Family Foundation funds
By grant dollars, the top recipient states for Wallace Family Foundation's 9 itemized 2024 grants were South Carolina (81%) and Tennessee (19%). The most frequent recipient cities were Greenville, SC (3 grants). None of its 9 grants with a stated purpose were described as general or operating support. Recurring purposes include "Education" (3 grants) and "Educational" (3 grants).
How Wallace Family Foundation gives
- Giving grew 37% from 2021 to 2024. Method
- In 2024 it paid out 112% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Wallace Family Foundation
- How to evaluate Wallace Family Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
+2.5% YoY
Annual Giving
$105K
+58.5% YoY
Grant Count
9
-18.2% YoY
Avg Grant Size
$12K
+93.7% YoY
Under IRS private-foundation payout rules, Wallace Family Foundation reported a distributable amount of $94K for 2024 — the minimum it must pay out in qualifying distributions.
About Wallace Family Foundation
Based on IRS filings
Wallace Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Greenville, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 9 grants totaling $105K. Net investment income was $138K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 9 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,388,435 | $1,355,177 | $1,366,148 |
| Revenue | $159,784 | $78,527 | $81,301 |
| Expenses | $126,754 | $89,366 | $159,260 |
| Qualifying Distributions | $105,125 | $66,328 | $132,650 |
| Net Investment Income | $138,072 | $55,489 | $55,081 |
| Distributable Amount | $93,963 | $86,469 | $92,859 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
64 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include International Ballet ($26,275), Brookgreen Gardens ($25,000), Bon Secours St Francis Foundation ($21,500).
| Recipient | Purpose | Amount |
|---|---|---|
| International Ballet Greer, SC | Art & Dance | $26,275 |
| Brookgreen Gardens Pawleys, SC | Community | $25,000 |
| Bon Secours St Francis Foundation Greenville, SC | Medical | $21,500 |
| Vanderbilt University Nashville, TN | Education | $20,000 |
| The Citadel Charleston, SC | Education | $10,000 |
| Camperdown Academy Greenville, SC | Education | $1,000 |
| The Chandler School Greenville, SC | Educational | $1,000 |
| Whitefield Academy Smyrna, GA | Educational | $250 |
| Bridges Preschool Tempe, AZ | Educational | $100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Martha W Pellett | Foundation Mgr. | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wallace Family Foundation?
Wallace Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Greenville, SC. It holds $1.4M in total assets as of 2024.
How large is Wallace Family Foundation?
As of 2024, Wallace Family Foundation holds $1.4M in total assets with $160K in annual revenue. It awarded 9 grants totaling $105K in 2024.
Where does Wallace Family Foundation operate?
Wallace Family Foundation has awarded grants in Alabama, Arizona, District of Columbia, Florida, Georgia, New Hampshire, New Mexico, New York, South Carolina, Tennessee, West Virginia.
What size grants does Wallace Family Foundation award?
In 2024, Wallace Family Foundation awarded 9 grants totaling $105K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Wallace Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wallace Family Foundation reported a distributable amount of $94K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.