Wallace Research Foundation
The Wallace Research Foundation is a private grantmaking foundation established in 1996 in Cedar Rapids, Iowa. The foundation emerged from the 1996 split of the Wallace Genetic Foundation, which was founded in 1959 by Henry A. Wallace—a former U.S. Vice President (1941-1945), Secretary of Agriculture, and founder of Pioneer Hi-Bred Corn Company. Three trustees of the original Wallace Genetic Foundation amicably divided it into three separate entities to pursue diverse grantmaking interests: the Wallace Genetic Foundation, Wallace Global Fund, and Wallace Research Foundation.
Key facts about Wallace Research Foundation
- EIN
- 42-6540579
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $4,435,901
- Grants made (2024)
- 34
- Average grant
- $130,468
- Median grant
- $100,000
- New grantees (estimate)
- 24% first-time grantees (7 of 29, 2024)
- Primary geography
- Massachusetts (20% of itemized 2024 grant dollars)
- How to apply
- No publicly available information regarding application procedures or decision timelines. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Wallace Research Foundation funds
By grant dollars, the top recipient states for Wallace Research Foundation's 34 itemized 2024 grants were Massachusetts (20%), Arizona (20%) and California (13%). The most frequent recipient cities were Tucson, AZ (10 grants), Del Mar, CA (3 grants), Medford, MA (2 grants) and Easton, MD (2 grants). None of its 34 grants with a stated purpose were described as general or operating support.
Is Wallace Research Foundation open to new grantees?
24%
first-time grantees, 2024
In 2024, 7 of 29 grantees (24%) were first-time recipients. First grants averaged $185K; repeat grants $143K. How we count
Medians: $167K first-time, $100K repeat.
- 62% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−1%). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Wallace Research Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$4.4M
-0.1% YoY
Grant Count
34
+6.3% YoY
Avg Grant Size
$130K
-5.9% YoY
Mission & Focus Areas
The foundation's mission is giving primarily for education, the environment, and medical research. The foundation focuses on supporting research and programs across three primary areas:
- Education
- Environment
- Medical Research (including treatment of major depressive disorders)
Recent grantmaking also reflects support for climate action and conservation initiatives.
Grantmaking
Grant Range
s:**
How to Apply
**
Ready to take the next step with Wallace Research Foundation?
Geographic Focus
Where this funder awards grants
The foundation has national (U.S.) grantmaking focus with some emphasis on Linn County, Iowa. Recent grants have supported organizations in Arizona, Massachusetts, California, and other states.
Grant Distribution by State
Share of all 34 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $69,897,282
- Total Revenues: $4,807,432
- Total Expenses: $5,085,466
- Investment Income and Dividends: $1,896,292
As of 2024:
- Total Assets: $75,358,410
- Total Giving: $4,435,901
The foundation has no employees and no liabilities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
185 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Wildcoast ($586,700 across 3 grants), Polybio Research Foundation ($450,000 across 2 grants), Wild Salmon Center ($400,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WILD SALMON CENTER Portland, OR | SUPPORT THE COLD WATER CONNECTION CAMPAIGN | $400,000 |
| WILDCOAST Del Mar, CA | CONSERVATION OF THREATENED SEA TURTLE NESTING AREAS OF CALIFORNIA, THE MEXICAN PACIFIC, AND THE CARIBBEAN | $400,000 |
| MICHIGAN TECHNOLOGICAL UNIVERSITY Houghton, MI | FUND RESEARCH TO SUPPORT EHLERS-DANLOS SYNDROME PATIENTS | $270,000 |
| POLYBIO RESEARCH FOUNDATION Medford, MA | EXPAND THE SCOPE AND SPEED OF THE EXISTING STUDY "DELINEATION OF COAGULATION, INNATE IMMUNE, AND VASCULAR BLOOD-CASED BIOMARKERS IN LONG COVID" | $250,000 |
| WOODS HOLE OCEANOGRAPHIC INSTITUTION Woods Hole, MA | FUND DEVELOPMENT OF NEW METHODS TO DETECT MICROPLASTICS IN AQUATIC ENVIRONMENTS | $220,000 |
| URBANPROMISE INTERNATIONAL INC Pennsauken, NJ | CONTINUE THE EXPANSION AND INTEGRATION OF EXPERIENTIAL LEARNING PROGRAMS FOR INNER CITY CHILDREN AND TEENS IN CAMDEN | $210,000 |
| ARCHAEOLOGY SOUTHWEST Tucson, AZ | SUPPORT ARCHAEOLOGICAL RESEARCH AND LANDSCAPE-SCALE CULTURAL HERITAGE PROTECTION AND ADVOCACY INITIATIVES | $200,000 |
| PARTNERSHIP FOR THE DELAWARE ESTUARY Wilmington, DE | SUPPORT CONSTRUCTION ON A FRESHWATER MUSSEL HATCHERY AT BARTRAM'S GARDEN | $200,000 |
| POLYBIO RESEARCH FOUNDATION Medford, MA | FUNDING TO HELP RUN A PILOT CLINICAL TRIAL TO EVALUATE THE SAFETY AND TOLERABILITY OF SUBCUTANEOUS N-803 IN INDIVIDUALS WITH LONG COVID | $200,000 |
| SHORERIVERS INC Easton, MD | SUPPORT FOR ENVIROMENTAL EDUCATION PROGRAMS | $180,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Trustees:
- Henry Wallace
- Linda Wallace-Gray
- Angus Gilchrist
- Alex Gilchrist
Administrative Contact: c/o RSM US LLP, Attn: Shawna Huls, 201 First St SE, Ste 800, Cedar Rapids, IA 52401 Phone: (319) 298-5333
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Henry D Wallace | President | 5 | — |
| Linda Wallace-Gray | Vice President | 20 | — |
| Marshall Gilchrist | Director & Secretary | 2 | — |
| Alex Gilchrist | Treasurer | 2 | — |
Recent News & Activity
Recent developments and announcements
The foundation has recently decided to spend down its entire endowment, with a significant portion supporting the Wallace Centers of Iowa and other legacy organizations.
The Wallace Foundation Awards nearly $3M in Research Grants to 11 Arts andSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Wallace Research Foundation fund?
The foundation's mission is giving primarily for education, the environment, and medical research. The foundation focuses on supporting research and programs across three primary areas: • **Education** • **Environment** • **Medical Research** (including treatment of major depressive disorders) Recent grantmaking also reflects support for climate action and conservation initiatives.
How do I apply for a grant from Wallace Research Foundation?
No publicly available information regarding application procedures or decision timelines. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Wallace Research Foundation make grants?
The foundation has national (U.S.) grantmaking focus with some emphasis on Linn County, Iowa. Recent grants have supported organizations in Arizona, Massachusetts, California, and other states.
What size grants does Wallace Research Foundation award?
In 2024, Wallace Research Foundation awarded 34 grants totaling $4.4M — an average of about $130K per grant, based on its IRS Form 990 filings.
What is Wallace Research Foundation's EIN?
Wallace Research Foundation's EIN (Employer Identification Number) is 42-6540579. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.