Wallace Ferree Memorial Foundation

PITTSBURGH, PA EIN: 23-7046794

Wallace Ferree Memorial Foundation is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $66K in total assets. In 2024, it awarded 6 grants totaling $5K. Net investment income was $2K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$66K

-4.5% YoY

Annual Giving

$5K

-1.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$800

-1.0% YoY

Under IRS private-foundation payout rules, Wallace Ferree Memorial Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.

About Wallace Ferree Memorial Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $24K (91%)

Tennessee $2K (9%)

States

Pennsylvania Tennessee

Cities

CarnegieMemphisPittsburgh

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$65,660	$68,775	$72,030
Revenue	$2,768	$2,678	$2,149
Expenses	$5,883	$5,933	$5,083
Qualifying Distributions	$4,800	$4,850	$4,000
Net Investment Income	$1,685	$1,595	$1,629
Distributable Amount	$3,442	$3,528	$3,738

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

35 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Childrens Institute of Pittsbur ($2,000), The Salvation Army ($700), St Judes Childrens Research Hospita ($600).

Recipient	Purpose	Amount
The Childrens Institute of Pittsbur Pittsburgh, PA	Charity	$2,000
Ronald McDonald House Pittsburgh, PA	Charity	$500
Disabled American Veterans Pittsburgh, PA	Charity	$500
The Salvation Army Carnegie, PA	Charity	$700
St Judes Childrens Research Hospita Memphis, TN	Charity	$600
Animal Rescue League Pittsburgh, PA	Charity	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Beverly W Willner	Director	1	—
Elizabeth W Schofield	Director	—	—

Frequently Asked Questions

How large is Wallace Ferree Memorial Foundation?

As of 2024, Wallace Ferree Memorial Foundation holds $66K in total assets with $3K in annual revenue. It awarded 6 grants totaling $5K in 2024.

Where does Wallace Ferree Memorial Foundation operate?

Wallace Ferree Memorial Foundation has awarded grants in Pennsylvania, Tennessee.

What size grants does Wallace Ferree Memorial Foundation award?

In 2024, Wallace Ferree Memorial Foundation awarded 6 grants totaling $5K — an average of about $800 per grant, based on its IRS Form 990 filings.

How much is Wallace Ferree Memorial Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Wallace Ferree Memorial Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Wallace Ferree Memorial Foundation's EIN?

Wallace Ferree Memorial Foundation's EIN (Employer Identification Number) is 23-7046794. IRS Form 990 filing data is available on this page for 2020–2024.