Wallace Foundation
Wallace Foundation is a private foundation, based in ARLINGTON, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $584K in total assets. In 2024, it awarded 1 grants totaling $29K. Net investment income was $35K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$584K
+5.6% YoY
Annual Giving
$29K
+12.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$29K
+12.5% YoY
Under IRS private-foundation payout rules, Wallace Foundation reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.
About Wallace Foundation
Based on IRS filings
Wallace Foundation is a private foundation, based in ARLINGTON, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $584K in total assets. In 2024, it awarded 1 grants totaling $29K. Net investment income was $35K.
Ready to take the next step with Wallace Foundation?
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 | $584,082 | $552,972 | $564,568 |
| Revenue | $73,394 | $22,934 | $35,505 |
| Expenses | $42,284 | $34,530 | $40,471 |
| Qualifying Distributions | $34,339 | $28,531 | $34,519 |
| Net Investment Income | $35,449 | $17,874 | $31,555 |
| Distributable Amount | $31,910 | $28,273 | $29,468 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Statement Attached ($29,014).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE STATEMENT ATTACHED MCLEAN, VA | SEE STATEMENT | $29,014 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARC R WALLACE | DIRECTOR | 0.5 | — |
| SUSAN C WALLACE | DIRECTOR | 0.5 | — |
Frequently Asked Questions
How large is Wallace Foundation?
As of 2024, Wallace Foundation holds $584K in total assets with $73K in annual revenue. It awarded 1 grants totaling $29K in 2024.
Where does Wallace Foundation operate?
Wallace Foundation has awarded grants in Virginia.
What size grants does Wallace Foundation award?
In 2024, Wallace Foundation awarded 1 grants totaling $29K — an average of about $29K per grant, based on its IRS Form 990 filings.
How much is Wallace Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wallace Foundation reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wallace Foundation's EIN?
Wallace Foundation's EIN (Employer Identification Number) is 26-3938517. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Wallace 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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