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.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$12K
-96.0% YoY
Grant Count
6
-66.7% YoY
Avg Grant Size
$2K
-88.0% YoY
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.
About Wallace Trust Foundation
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | — | $250,841 | $250,100 |
| Revenue | $11,283 | $295,944 | $287,951 |
| Expenses | $12,124 | $295,203 | $287,951 |
| Qualifying Distributions | $11,750 | $293,474 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $9,783 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2022
Grant Size Distribution
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2022 grants, the largest include City of McGehee-Police vests ($7,500), City of McGehee-Parks Rec ($2,000), Friends of McGehee Branch Library ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| City of McGehee-Parks Rec McGehee, AR | Charity | $2,000 |
| South McGehee Hwy 65 Cemetary Maint McGehee, AR | Charity | $500 |
| Friends of McGehee Branch Library McGehee, AR | Charity | $1,000 |
| City of McGehee-Police vests McGehee, AR | Charity | $7,500 |
| Johnny Polite Memorial Foundation McGehee, AR | Charity | $250 |
| Safe Prom McGehee, AR | Charity | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Gibbs Ferguson | Trustee | 1 | — |
| Robert Lucky | Trustee | 0.25 | — |
| James R Daniels | Trustee | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wallace Trust Foundation?
Wallace Trust Foundation is a private foundation focused on Education, based in MCGEHEE, AR. It holds — in total assets as of 2022.
Where does Wallace Trust Foundation operate?
Wallace Trust Foundation has awarded grants in Arkansas, Massachusetts.
What size grants does Wallace Trust Foundation award?
In 2022, Wallace Trust Foundation awarded 6 grants totaling $12K — an average of about $2K per grant, based on its IRS Form 990 filings.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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