Wallace Genetic Foundation Ii Inc
Wallace Genetic Foundation II Inc is a private foundation based in Washington, DC that funds organizations working on environmental conservation, sustainable agriculture, and global climate issues. The foundation was established in 1959 by Henry A. Wallace, founder of Pioneer Hi-Bred Corn Company, and his wife Ilo. In 1996, the original Wallace Genetic Foundation split into three separate entities. The original foundation dissolved in 2017, with two-thirds of its assets transferring to Wallace Genetic Foundation II.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$99.5M
+15.4% YoY
Annual Giving
$5.4M
+19.6% YoY
Grant Count
62
-6.1% YoY
Avg Grant Size
$87K
+27.3% YoY
Under IRS private-foundation payout rules, Wallace Genetic Foundation Ii Inc reported a distributable amount of $4.6M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation is guided by Henry A. Wallace's belief that "the greatest private pleasure comes from serving the general welfare of all." The foundation funds organizations whose work promises to provide long-term national or global benefit in the following areas:
- Conservation of natural resources
- Sustainable agriculture
- Biodiversity protection
- Reduction of environmental toxins
- Clean drinking water
- Global climate issues
- Environmental education
Grantmaking
The foundation does not accept unsolicited proposals or letters of inquiry. The foundation operates on an invitation-only basis for grantmaking.
Grant Range
$15,000 - $800,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation focuses on national and international environmental projects, with particular activity in the District of Columbia, Iowa, and Virginia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $99,458,180
- Annual Giving: $5,422,000 (2024)
- Tax-exempt Status: Since May 2017
- EIN: 81-4236372
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $99,458,180 | $86,169,475 | $70,748,673 |
| Revenue | $3,924,302 | $542,323 | $561,626 |
| Expenses | $6,031,569 | $5,080,976 | $5,016,824 |
| Qualifying Distributions | $5,422,000 | $4,535,000 | $4,480,000 |
| Net Investment Income | $3,579,806 | $2,218,445 | $1,625,506 |
| Distributable Amount | $4,629,874 | $3,959,810 | $4,073,215 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New Venture Fund ($800,000), Catholic Relief Services ($410,000), Santa Fe Community Foundation ($410,000).
| Recipient | Purpose | Amount |
|---|---|---|
| APPALACHIAN VOICES CHARLOTTESVILLE, VA | GENERAL SUPPORT | $25,000 |
| BREAD FOR THE WORLD INSTITUTE WASHINGTON, DC | INTERFAITH WORKING GROUP ON FOREIGN ASSISTANCE | $50,000 |
| CATHOLIC RELIEF SERVICES BALTIMORE, MD | WASH IN HEALTHCARE FACILITIES | $410,000 |
| CERES INC BOSTON, MA | FEDERAL POLICY EDUCATION PROGRAM | $250,000 |
| COLLEGE OF WOOSTER WOOSTER, OH | EX UNO FONTE FUND | $100,000 |
| CONSERVATION FUND ARLINGTON, VA | JOHN SMITH WATER TRAIL | $25,000 |
| CONSERVATION LANDS FOUNDATION DURANGO, CO | GENERAL SUPPORT | $75,000 |
| CORNELL UNIVERSITY ITHACA, NY | INTERNATIONAL PROGRAM OF COLLEGE OF AG & LIFE SCIENCES | $25,000 |
| CORTEVA AGRISCIENCE FOUNDATION JOHNSTON, IA | AGRICULTURAL GENETIC TRAINING | $100,000 |
| DESERT RESEARCH INSTITUTE RENO, NV | CIWAS-CIRCUIT RIDERS, WASH IN HEALTHCARE FACILITIES, UWASH | $120,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- David W. Douglas - President & Treasurer (7 hours/week, unpaid)
- Deborah Smith Douglas - Vice President & Secretary (3 hours/week, unpaid)
- Michaela Oldfield - Executive Director (24 hours/week, $145,000 annual compensation)
David Douglas is the grandson of Henry A. Wallace.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID W DOUGLAS | PRESIDENT & TREASURER | 7 | — |
| DEBORAH SMITH DOUGLAS | VICE PRESIDENT & SECRETARY | 3 | — |
| MICHAELA OLDFIELD | EXECUTIVE DIRECTOR | 24 | $145,000 |
Contact Information
Address: 4910 Massachusetts Avenue, NW, Suite 221, Washington, DC 20016
Phone: (202) 966-2932
Website: www.wallacegenetic.org
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Wallace Genetic Foundation Ii Inc fund?
The foundation is guided by Henry A. Wallace's belief that "the greatest private pleasure comes from serving the general welfare of all." The foundation funds organizations whose work promises to provide long-term national or global benefit in the following areas: • Conservation of natural resources • Sustainable agriculture • Biodiversity protection • Reduction of environmental toxins • Clean drinking water • Global climate issues • Environmental education
How do I apply for a grant from Wallace Genetic Foundation Ii Inc?
**Grant Activity:** • Annual giving: $5,422,000 (2024) • Makes 60-66 grants annually • Grant range: $15,000 - $800,000 • Median grant: $50,000 **Application Process:** The foundation does not accept unsolicited proposals or letters of inquiry. The foundation operates on an invitation-only basis for grantmaking.
Where does Wallace Genetic Foundation Ii Inc make grants?
The foundation focuses on national and international environmental projects, with particular activity in the District of Columbia, Iowa, and Virginia.
What size grants does Wallace Genetic Foundation Ii Inc award?
In 2024, Wallace Genetic Foundation Ii Inc awarded 62 grants totaling $5.4M — an average of about $87K per grant, based on its IRS Form 990 filings.
How much is Wallace Genetic Foundation Ii Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wallace Genetic Foundation Ii Inc reported a distributable amount of $4.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wallace Genetic Foundation Ii Inc's EIN?
Wallace Genetic Foundation Ii Inc's EIN (Employer Identification Number) is 81-4236372. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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