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.
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
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 |
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 include International Ballet ($26,275), Brookgreen Gardens ($25,000), Bon Secours St Francis Foundation ($21,500).
| Recipient | Purpose | Amount |
|---|---|---|
| The Citadel Charleston, SC | Education | $10,000 |
| Brookgreen Gardens Pawleys, SC | Community | $25,000 |
| Camperdown Academy Greenville, SC | Education | $1,000 |
| Vanderbilt University Nashville, TN | Education | $20,000 |
| International Ballet Greer, SC | Art & Dance | $26,275 |
| The Chandler School Greenville, SC | Educational | $1,000 |
| Bon Secours St Francis Foundation Greenville, SC | Medical | $21,500 |
| Whitefield Academy Smyrna, GA | Educational | $250 |
| Bridges Preschool Tempe, AZ | Educational | $100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in Wallace Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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