Wallace Trust Foundation
Wallace Trust Foundation is a private foundation focused on Education, based in McGehee, AR. IRS filing data is available from 2020 through 2022. In 2022, it awarded 6 grants totaling $12K.
Wallace Trust Foundation at a glance
In short: Wallace Trust Foundation gave $12K across 6 grants in 2022 (avg $2K), mostly in Arkansas. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $11,750
- -96.0% vs 2021
- Grants made (2022)
- 6
- -66.7% vs 2021
- Average grant
- $1,958
- -88.0% vs 2021
- Median grant
- $750
- Primary geography
- Arkansas (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Wallace Trust Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2022
The largest 2022 recipient was City of McGehee-Police vests ($8K). Together the top 6 received $12K.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 35 grants of 39 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 6 itemized grants.
States
Cities
How Wallace Trust Foundation gives
- In 2022 it paid out 120% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $12K (2022) to $293K (2021). In 2022 it made 6 grants totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of McGehee-Police vests McGehee, AR | Charity | $7,500 |
| City of McGehee-Parks Rec McGehee, AR | Charity | $2,000 |
| Friends of McGehee Branch Library McGehee, AR | Charity | $1,000 |
| South McGehee Hwy 65 Cemetary Maint McGehee, AR | Charity | $500 |
| Safe Prom McGehee, AR | Charity | $500 |
| Johnny Polite Memorial Foundation McGehee, AR | Charity | $250 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2022 | — | $11,283 | $12,124 | $11,750 | 6 | $11,750 | $9,783 |
| 2021 | $250,841 | $295,944 | $295,203 | $293,474 | 18 | $293,474 | — |
| 2020 | $250,100 | $287,951 | $287,951 | $286,081 | 15 | — | — |
Under IRS private-foundation payout rules, Wallace Trust Foundation reported a distributable amount of $10K for 2022 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Wallace Trust Foundation's 2022 filing lists 3 officers; none of the 3 officers listed in 2022 report compensation.
Officers on the 2022 filing
Gibbs Ferguson
Trustee
On filings since 2020
1 hr/week
No compensation reported
James R Daniels
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Robert Lucky
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2022. "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 Trust Foundation
How much does Wallace Trust Foundation give each year?
Wallace Trust Foundation gave $12K across 6 grants in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $293K across 18 grants.
What is Wallace Trust Foundation's typical grant size?
Wallace Trust Foundation's median grant in 2022 was $750, and its average grant was $1,958, across 6 grants on its 2022 IRS Form 990-PF.
Where does Wallace Trust Foundation give grants?
Wallace Trust Foundation gives mostly in Arkansas: 100% of the grant dollars itemized on its 2022 IRS Form 990-PF went to recipients there. The most frequent recipient cities were McGehee, AR (6 grants).
Does Wallace Trust Foundation give general operating support?
Not in 2022: none of the 6 grants with a stated purpose on Wallace Trust Foundation's 2022 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charity" (6 grants).
Who are Wallace Trust Foundation's largest grantees?
Wallace Trust Foundation's largest 2022 grantees include City of McGehee-Police vests ($7,500), City of McGehee-Parks Rec ($2,000) and Friends of McGehee Branch Library ($1,000), according to its 2022 IRS Form 990-PF. Together they received 89% of its itemized 2022 grant dollars.
What is Wallace Trust Foundation?
Wallace Trust Foundation is a private foundation focused on Education, based in McGehee, AR.
How much is Wallace Trust Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Wallace Trust Foundation reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wallace Trust Foundation's EIN?
Wallace Trust Foundation's EIN (Employer Identification Number) is 71-0754251. IRS Form 990 filing data is available on this page for 2020–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
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