Wallace H Jerome Foundation
The Wallace H Jerome Foundation is a private foundation based in Barron, Wisconsin. Its 2025 filing says awards are generally restricted to charitable groups in or around Barron, although the foundation does not limit giving to preselected organizations.
Wallace H Jerome Foundation at a glance
In short: Wallace H Jerome Foundation gave $59K across 39 grants in 2026 (avg $2K), mostly in Wisconsin. 38% of 2026 grantees were new. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $58,900
- +98.2% vs 2025
- Grants made (2026)
- 39
- +34.5% vs 2025
- Average grant
- $1,510
- +47.4% vs 2025
- Median grant
- $800
- Total assets
- $220,266
- +19.2% vs 2025
- New grantees (estimate)
- 38% first-time grantees (15 of 39, 2026)
- Primary geography
- Wisconsin (56% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Wallace H Jerome Foundation
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The foundation accepts unsolicited requests. Its 2025 filing says to submit a letter listing the organization’s name, amount requested, and use of funds. It says awards are generally for charitable groups in or around Barron, Wisconsin, and that giving is not restricted to preselected organizations.
- Review Cycle
- None stated on the 2025 filing.
- Deadline
- None stated on the 2025 filing.
- Contact
Application contact: Wallace H Jerome Foundation Inc
Mailing address: PO Box 259, Barron, WI 54812
Phone: (715) 537-3019
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Wallace H Jerome Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2026
The largest 2026 recipient was First Lutheran Church ($13K). Together the top 10 received $42K.
Grant Size Distribution
150 grants across all recorded years
The most common grant size was under $50K: 150 grants of 150 (100%).
Geographic Focus
Where this funder awards grants
In 2026, Wisconsin recipients received 56% of grant dollars. Other leading recipient states were Missouri (11%), Montana (9%), Arizona (8%), and New York (4%).
Grant Distribution by State
Share of 2026 grant dollars across all 39 itemized grants.
States
Cities
Is Wallace H Jerome Foundation open to new grantees?
38%
first-time grantees, 2026
In 2026, 15 of 39 grantees (38%) were first-time recipients. First grants averaged $1K; repeat grants $2K. How we count
Medians: $500 first-time, $900 repeat.
- 51% of 2026 grantees were also funded in 2025. Method
- Giving grew 136% from 2023 to 2026. Method
- In 2026 it paid out 300% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2026). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2026, annual grant giving ranged from $24K (2022) to $59K (2026). In 2026 it made 39 grants totaling $59K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Lutheran Church Cumberland, WI | Operating | $13,000 |
| Loving Loic Foundation Bozeman, MT | Operating | $5,500 |
| Turning Point USA Phoenix, AZ | Operating | $5,000 |
| Barron Youth Hockey Association Barron, WI | Operating | $3,500 |
| Veterans of Foreign Wars of the United States Kansas City, MO | Operating | $3,500 |
| Barron County Historical Society Cameron, WI | Operating | $3,000 |
| American Legion Auxiliary Badger Girls State Portage, WI | Operating | $2,000 |
| Badger Boys State Inc Portage, WI | Operating | $2,000 |
| Barron Area Community Center Barron, WI | Operating | $2,000 |
| Boy Scouts of America Eau Claire, WI | Operating | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $220,266 | $97,476 | $62,041 | $58,900 | 39 | $61,204 | $96,976 | $20,435 |
| 2025 | $184,831 | $24,780 | $32,291 | $29,712 | 29 | $31,787 | $24,276 | $20,705 |
| 2024 | $192,342 | $30,234 | $32,379 | $30,139 | 33 | $32,379 | $30,234 | $17,674 |
| 2023 | $194,487 | $2,137 | $28,289 | $24,910 | 29 | $27,270 | $5,061 | $17,179 |
| 2022 | $220,639 | $71,405 | $26,082 | $23,500 | 20 | $25,475 | $71,405 | $19,121 |
| 2021 | $175,316 | $41,679 | $28,197 | $26,100 | 19 | — | $41,679 | $16,111 |
| 2020 | $161,834 | $7,356 | $27,228 | $25,100 | 18 | — | $7,356 | $15,713 |
Under IRS private-foundation payout rules, Wallace H Jerome Foundation reported a distributable amount of $20K for 2026 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No foundation mission is stated in the available information. The 2026 grants show support for a range of charitable organizations. For example, the Barron Youth Hockey Association says it provides area youth the opportunity to enjoy hockey, while the Barron County Historical Society describes its objective as educating people about the lives and times of Barron County pioneers. The Missouri Prairie Foundation describes its mission as preserving and conserving prairie land.
Grantmaking
In filing year 2026, the foundation reported 39 grants totaling $58,900. Grants ranged from $100 to $13,000, with a median of $800. The largest awards included $13,000 to First Lutheran Church in Cumberland, Wisconsin; $5,500 to the Loving LOIC Foundation in Bozeman, Montana; and $5,000 to Turning Point USA in Phoenix, Arizona. Other notable grants included $3,500 each to the Barron Youth Hockey Association and the Veterans of Foreign Wars of the United States, and $3,000 to the Barron County Historical Society.
Among other recipients, Badger Boys State received $2,000. It describes its mission as providing young men the opportunity to learn about the state government’s civic process and the leadership needed to build a community. The Barron Area Education Foundation received $1,000 and says it supports educational and leadership activities for Barron Area School District students and staff. These mission descriptions are the grantees’ own.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2026 filing lists Jerome K Jerome as president, Christopher Jerome as vice-president, and Erich Multhauf as secretary/treasurer.
Wallace H Jerome Foundation is led by Jerome K. Jerome, President on every filing since 2020; none of the 3 officers listed in 2026 report compensation.
Officers on the 2026 filing
Jerome K. Jerome
President
On filings since 2020
1 hr/week
No compensation reported
Christopher Jerome
Vice President
On filings since 2020
1 hr/week
No compensation reported
Erich Multhauf
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Wallace H Jerome Foundation
How much does Wallace H Jerome Foundation give each year?
Wallace H Jerome Foundation gave $59K across 39 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $30K across 29 grants.
What is Wallace H Jerome Foundation's typical grant size?
Wallace H Jerome Foundation's median grant in 2026 was $800, and its average grant was $1,510, across 39 grants on its 2026 IRS Form 990-PF. Organizations receiving their first grant from Wallace H Jerome Foundation that year got $1K on average.
Where does Wallace H Jerome Foundation give grants?
Wallace H Jerome Foundation gives mostly in Wisconsin: 56% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest states were Missouri (11%) and Montana (9%). The most frequent recipient cities were Barron, WI (5 grants), Cumberland, WI (4 grants), Portage, WI (2 grants) and Rice Lake, WI (2 grants).
Does Wallace H Jerome Foundation give general operating support?
Yes: 100% of Wallace H Jerome Foundation's 2026 grants with a stated purpose (39 of 39) were for general or operating support, per its 2026 IRS Form 990-PF.
Who are Wallace H Jerome Foundation's largest grantees?
Wallace H Jerome Foundation's largest 2026 grantees include First Lutheran Church ($13,000), Loving Loic Foundation ($5,500) and Turning Point USA ($5,000), according to its 2026 IRS Form 990-PF. Together they received 40% of its itemized 2026 grant dollars.
How large is Wallace H Jerome Foundation?
Wallace H Jerome Foundation reported $220K in total assets on its 2026 IRS Form 990-PF. It paid out $61K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets).
What does Wallace H Jerome Foundation fund?
No foundation mission is stated in the available information. The 2026 grants show support for a range of charitable organizations. See mission & focus areas ↑
How do I apply for a grant from Wallace H Jerome Foundation?
The foundation accepts unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Wallace H Jerome Foundation's EIN?
Wallace H Jerome Foundation's EIN (Employer Identification Number) is 39-1040067. IRS Form 990 filing data is available on this page for 2020–2026.
Does Wallace H Jerome Foundation accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 30, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 7, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 15, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 20, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 11, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS July 15, 2025)
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 6, 2026)
- IRS filings on file for fiscal years 2020–2025
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Cite this profile
Grantable. (2026). Wallace H Jerome Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/wallace-h-jerome-foundation-morg_7e4427f78cb54de0893e7e70755d2e2e
BibTeX
@misc{grantable_391040067_2026,
author = {{Grantable}},
title = {{Wallace H Jerome Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/wallace-h-jerome-foundation-morg_7e4427f78cb54de0893e7e70755d2e2e},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Wallace H Jerome Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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