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.
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
No publicly available information regarding application procedures or decision timelines.
Grant Range
s:**
How to Apply
**
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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
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 | — | — | — |
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 include Wild Salmon Center ($400,000), Wildcoast ($400,000), Michigan Technological University ($270,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AGR FOUNDATION INC TUCSON, AZ | ASSIST WITH PROGRAM EXPENSES, EQUIPMENT, SUPPLIES, RENT, AND UTILITIES | $25,000 |
| AMERIND FOUNDATION INC DRAGOON, AZ | PROVIDE FUNDING FOR ANTHROPOLOGICAL RESEARCH AND CURATION ACTIVITIES | $65,385 |
| ARCHAEOLOGY SOUTHWEST TUCSON, AZ | SUPPORT ARCHAEOLOGICAL RESEARCH AND LANDSCAPE-SCALE CULTURAL HERITAGE PROTECTION AND ADVOCACY INITIATIVES | $200,000 |
| ARIZONA LAND AND WATER TRUST TUCSON, AZ | ACQUIRING ADDITIONAL ACREAGE AT SOPORI CREEK AND FARM | $142,000 |
| BROOKFIELD CRAFT CENTER BROOKFIELD, CT | PROVIDE ADDITIONAL FIRST-CLASS PROGRAMS AND SUPPORT TO THE ARTIST COMMUNITY | $40,500 |
| CONQUER CHIARI WEXFORD, PA | CHIARI ACADEMY SUPPORT | $109,000 |
| EASTERN SHORE LAND CONSERVANCY EASTON, MD | SUPPORT FOR THE "SOME ASSEMBLY REQUIRED" CAMPAIGN | $150,000 |
| EMERGE CENTER AGAINST DOMESTIC ABUSE TUCSON, AZ | SUPPORT FOR THE EMERGENCY SHELTER, HOUSING STABILIZATION PROGRAMS, AND OTHER COMMUNITY-BASED SERVICES | $50,000 |
| GIRAFFE CONSERVATION FOUNDATION USA ORLANDO, FL | SUPPORT THE TWIGA WETU INITIATIVE IN AFRICA | $60,000 |
| LEWA WILDLIFE CONSERVANCY NEW YORK, NY | SUPPORT CRITICAL WILDLIFE MONITORING AND HUMAN-WILDLIFE CONFLICT MITIGATION IN NORTHERN KENYA | $100,000 |
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
From 2024 IRS filing
From 2024 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?
**Grant Activity:** • 2023: 42 grants totaling $4,438,375 • 2022: 41 grants totaling approximately $5,000,000 **Grant Sizes:** • Typical awards range from $100,000 to $585,000 • Sample grants include: The Nature Conservancy ($585,000), Wild Salmon Center ($400,000), Wildcoast ($400,000), Archaeology Southwest ($300,000), Duke University Medical Center ($300,000), Boston University School of Medicine ($398,224), Arizona State University ($125,000), and Food Allergy Project ($100,000) **Applicati…
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.
Explore Open Grants
Browse active grant opportunities in Wallace Research Foundation's focus areas in our free grants database
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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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