Wallace Kent Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TACOMA, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $213K in total assets. In 2024, it awarded 7 grants totaling $12K. Net investment income was $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$213K
+2.1% YoY
Annual Giving
$12K
-33.8% YoY
Grant Count
7
-12.5% YoY
Avg Grant Size
$2K
-24.4% YoY
Under IRS private-foundation payout rules, Wallace Kent Foundation Inc reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
About Wallace Kent Foundation Inc
Based on IRS filings
Wallace Kent Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TACOMA, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $213K in total assets. In 2024, it awarded 7 grants totaling $12K. Net investment income was $17K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $212,507 | $208,046 | $219,818 |
| Revenue | $16,929 | $6,967 | $-10,621 |
| Expenses | $12,468 | $18,739 | $15,945 |
| Qualifying Distributions | $12,181 | $18,411 | $15,945 |
| Net Investment Income | $16,929 | $6,853 | $6,542 |
| Distributable Amount | $20,436 | $18,120 | $17,951 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Susan G Komen ($2,331), Bright Futures ($2,000), Orangewood Foundation ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Bright Futures Raleigh, NC | youth | $2,000 |
| Orangewood Foundation Santa Ana, CA | youth | $2,000 |
| Susan G Komen Dallas, TX | medical research | $2,331 |
| Tacoma Arts Live Tacoma, WA | youth arts education | $1,750 |
| VMI Foundation Lexington, VA | youth education | $2,000 |
| Smith Center for the Performing Art Las Vegas, NV | Arts education | $2,000 |
| Do The Right Thing Milton, WA | youth safety | $100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Judith W Kent | president | 0.5 | — |
| John Kent | VP | 2 | — |
| Shannon Russell | Secretary | 0.25 | — |
| Elizabeth Matthews | Board Member | 0.1 | — |
| Adam Wallace | Board Member | 0.1 | — |
| Robert Collins | Board member | 0.1 | — |
| Karen Collier | Board Member | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wallace Kent Foundation Inc?
Wallace Kent Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TACOMA, WA. It holds $213K in total assets as of 2024.
How large is Wallace Kent Foundation Inc?
As of 2024, Wallace Kent Foundation Inc holds $213K in total assets with $17K in annual revenue. It awarded 7 grants totaling $12K in 2024.
Where does Wallace Kent Foundation Inc operate?
Wallace Kent Foundation Inc has awarded grants in California, North Carolina, Nevada, New York, Ohio, Texas, Virginia, Washington.
What size grants does Wallace Kent Foundation Inc award?
In 2024, Wallace Kent Foundation Inc awarded 7 grants totaling $12K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Wallace Kent Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wallace Kent Foundation Inc reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wallace Kent Foundation Inc's EIN?
Wallace Kent Foundation Inc's EIN (Employer Identification Number) is 20-1945069. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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