Wallace Walter F Jr Memorial Foundation
Wallace Walter F Jr Memorial Foundation is a private foundation located in Chicago, Illinois. Its 2025 filing says it makes awards to educational, scientific, literary, and religious organizations within the meaning of IRC Section 501.
Wallace Walter F Jr Memorial Foundation at a glance
In short: Wallace Walter F Jr Memorial Foundation gave $239K across 14 grants in 2025 (avg $17K), top state Virginia. 21% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $238,911
- +37.3% vs 2024
- Grants made (2025)
- 14
- +16.7% vs 2024
- Average grant
- $17,065
- +17.7% vs 2024
- Median grant
- $19,456
- Total assets
- $2,216,177
- -4.8% vs 2024
- New grantees (estimate)
- 21% first-time grantees (3 of 14, 2025; small sample)
- Primary geography
- Virginia (23% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Wallace Walter F Jr Memorial Foundation
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The foundation accepts unsolicited requests. Its filing instructs applicants to contact the foundation with a written request that includes information about the use of the amount awarded. Awards are restricted to educational, scientific, literary, and religious organizations within the meaning of IRC Section 501.
- Contact
Application contact: Walter Wallace Jr Memorial Foundat
Mailing address: 320 S Canal St Fl 12, Chicago, IL 60606
Phone: (312) 461-5154
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Wallace Walter F Jr Memorial Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Hillsdale College ($25K). Together the top 10 received $199K.
Grant Size Distribution
56 grants across all recorded years
The most common grant size was under $50K: 56 grants of 56 (100%).
Geographic Focus
Where this funder awards grants
The foundation is based in Chicago, Illinois. Its 2025 grants went to organizations in multiple states; the largest shares of grant dollars by recipient state were Virginia (23%), Michigan (10%), South Carolina (8%), Texas (8%), and Ohio (8%).
Grant Distribution by State
Share of 2025 grant dollars across all 14 itemized grants.
States
Cities
Is Wallace Walter F Jr Memorial Foundation open to new grantees?
21%
first-time grantees, 2025
In 2025, 3 of 14 grantees (21%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $18K; repeat grants $17K. How we count
Medians: $19K first-time, $20K repeat.
- 71% of 2025 grantees were also funded in 2024. Method
- Giving grew 50% from 2022 to 2025. Method
- In 2025 it paid out 79% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $96K (2019) to $239K (2025). In 2025 it made 14 grants totaling $239K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hillsdale College Hillsdale, MI | Program Support | $25,000 |
| Young Americas Foundation Herndon, VA | Program Support | $25,000 |
| Water Missions International North Charleston, SC | Program Support | $20,000 |
| American Private Radio Ort Worth, TX | Program Support | $20,000 |
| Ashbrook Center Ashland, OH | Program Support | $20,000 |
| Judicial Watch Washington, DC | Program Support | $20,000 |
| Hoover Institution Stanford, CA | Program Support | $20,000 |
| Alliance Defending Freedom Scottsdale, AZ | Program Support | $18,911 |
| Libertas Network Lehi, UT | Program Support | $15,000 |
| Ed Choice Indianapolis, IN | Program Support | $15,000 |
Ready to take the next step with Wallace Walter F Jr Memorial Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,216,177 | $156,934 | $269,404 | $238,911 | 14 | $239,326 | $127,028 | $302,803 |
| 2024 | $2,328,542 | $118,751 | $200,948 | $174,016 | 12 | $174,531 | $90,909 | $239,426 |
| 2023 | $2,364,169 | $439,708 | $192,610 | $169,682 | 11 | $170,612 | $169,332 | $174,946 |
| 2022 | $2,119,938 | $145,446 | $185,154 | $159,027 | 10 | $159,442 | $126,163 | $170,097 |
| 2021 | $2,159,714 | $959,283 | $141,907 | $123,132 | 9 | $123,547 | $436,936 | $159,442 |
| 2020 | $1,828,491 | $16,084 | $121,900 | $107,892 | 9 | — | $43,525 | $123,042 |
| 2019 | $1,901,707 | $99,832 | $132,576 | $95,613 | 9 | — | $87,601 | $108,685 |
Under IRS private-foundation payout rules, Wallace Walter F Jr Memorial Foundation reported a distributable amount of $303K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s filing does not state a mission. Its 2025 grantees include organizations with varied missions. Young America’s Foundation describes its work as youth outreach promoting individual freedom, a strong national defense, free enterprise, and traditional values. Water Missions International says it develops and shares safe-water solutions. Judicial Watch describes its work as promoting integrity, transparency, accountability, and fidelity to the rule of law through advocacy, litigation, monitoring, and investigation. Alliance Defending Freedom says it advances the right to live and speak the truth through work in law, policy, and the public square. Libertas Network describes itself as a family-facing association of initiatives using educational materials, events, training, and public policy research and education to pursue a freer future.
Grantmaking
In filing year 2025, the foundation gave $238,911 through 14 grants. Grants ranged from $10,000 to $25,000, with a median of $19,456. The largest awards were $25,000 each to Hillsdale College and Young America’s Foundation. Other notable grants included $20,000 each to Water Missions International, American Private Radio, Ashbrook Center, Judicial Watch, and Hoover Institution; and $18,911 to Alliance Defending Freedom. The filing lists each of these awards for program support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Virginia F. Wallace and David W. Savitz as part-time trustees.
Wallace Walter F Jr Memorial Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
David W. Savitz
Trustee - Part Time
On filings since 2019
No compensation reported
Virginia F. Wallace
Trustee - Part Time
On filings since 2019
No compensation reported
Former officers (1)
- Former: Angela F. Wallace (2019–2022) — Trustee - Part Time
Data from IRS Form 990 filings, 2019–2025. "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 Walter F Jr Memorial Foundation
How much does Wallace Walter F Jr Memorial Foundation give each year?
Wallace Walter F Jr Memorial Foundation gave $239K across 14 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $174K across 12 grants.
What is Wallace Walter F Jr Memorial Foundation's typical grant size?
Wallace Walter F Jr Memorial Foundation's median grant in 2025 was $19,456, and its average grant was $17,065, across 14 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Wallace Walter F Jr Memorial Foundation that year got $18K on average.
Where does Wallace Walter F Jr Memorial Foundation give grants?
Wallace Walter F Jr Memorial Foundation's top state is Virginia, with 23% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Michigan (10%) and South Carolina (8%). The most frequent recipient cities were Arlington, VA (2 grants).
Does Wallace Walter F Jr Memorial Foundation give general operating support?
Not in 2025: none of the 14 grants with a stated purpose on Wallace Walter F Jr Memorial Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (14 grants).
Who are Wallace Walter F Jr Memorial Foundation's largest grantees?
Wallace Walter F Jr Memorial Foundation's largest 2025 grantees include Hillsdale College ($25,000), Young Americas Foundation ($25,000) and Water Missions International ($20,000), according to its 2025 IRS Form 990-PF. Together they received 29% of its itemized 2025 grant dollars.
How large is Wallace Walter F Jr Memorial Foundation?
Wallace Walter F Jr Memorial Foundation reported $2.2M in total assets on its 2025 IRS Form 990-PF. It paid out $239K in qualifying distributions that year, against a required minimum of $303K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Wallace Walter F Jr Memorial Foundation fund?
The foundation’s filing does not state a mission. Its 2025 grantees include organizations with varied missions. Young America’s Foundation describes its work as youth outreach promoting individual freedom, a strong national defense, free enterprise, and traditional values. See mission & focus areas ↑
How do I apply for a grant from Wallace Walter F Jr Memorial Foundation?
The foundation accepts unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Wallace Walter F Jr Memorial Foundation's EIN?
Wallace Walter F Jr Memorial Foundation's EIN (Employer Identification Number) is 36-6848639. IRS Form 990 filing data is available on this page for 2019–2025.
Does Wallace Walter F Jr Memorial Foundation accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 5, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 27, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 24, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2019–2024
Other open foundation grants in Illinois
Illinois Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Wallace Walter F Jr Memorial Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Illinois
Chattanooga Christian Community Foundation
Chattanooga, TN
The foundation supports 501(c)(3) charities and Christian ministries, with grants for community needs, education, children and families, and other charitable work; its 2024 median grant was $18,250, though awards varied widely. Giving is concentrated in Tennessee, especially the Chattanooga area, with grants also reaching other states; it does not describe a general open application process—one giving circle uses member nominations, and Unidos en Compasión accepts applications by invitation.
Assets
$136.1M
Grants
567
Total Given
$36.4M
Geary Rimmer Vincent Wolf Foundation
Naples, FL
The Geary Rimmer Vincent Wolf Foundation supports organizations in areas including education, human services, health research, and agriculture, with grants across multiple states; in 2025, awards ranged from $50 to $25,000, with a median of $5,000. Its largest shares of grants went to Illinois, Kentucky, Virginia, Florida, and Wisconsin. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$5.5M
Grants
48
Total Given
$324K
The Butler Family Foundation
Dubuque, IA
The Butler Family Foundation supports arts and culture, education, community services, and legal advocacy, with most 2025 grant dollars going to Iowa and Illinois. Its 69 grants ranged from $100 to $1,062,365, with a median of $5,000. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$37.9M
Grants
69
Total Given
$2.4M
The Chicago Community Trust
Chicago, IL
The Chicago Community Trust funds eligible nonprofits working to narrow the wealth gap and meet urgent needs, with priorities including economic mobility, education, jobs, homeownership, and community development in metropolitan Chicago and Cook County. Its 2025 grants had a median of $26,500, though amounts varied widely; the profile does not state whether it accepts unsolicited requests.
Assets
$7.1B
Grants
4,316
Total Given
$1.2B
The Allstate Foundation
Northbrook, IL
The Allstate Foundation funds youth empowerment, efforts to prevent and address relationship abuse, nonprofit leadership, and related economic opportunity and equity work. Its 2024 grants ranged from $250 to $2 million, with a median of $1,000, and awards must support work in the United States. It accepts proposals from organizations beyond a preselected list; proposals are reviewed as received.
Assets
$89.3M
Grants
2,010
Total Given
$38.0M
Elks National Foundation Inc
Chicago, IL
The Elks National Foundation funds scholarships, youth programs, veterans’ services, and charitable projects through Elks Lodges and state associations across the United States. Its 2026 grants had a median size of $10,000, though awards varied widely; the profile describes application routes for specific Lodge and scholarship programs but does not state whether it accepts unsolicited requests.
Assets
$954.1M
Grants
1,536
Total Given
$36.5M
More similar funders
More Funders in Illinois
Cite this profile
Grantable. (2026). Wallace Walter F Jr Memorial Foundation funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/wallace-walter-f-jr-memorial-foundation-morg_ee9e0ec683534793bc7bf133fa1bca24
BibTeX
@misc{grantable_366848639_2026,
author = {{Grantable}},
title = {{Wallace Walter F Jr Memorial Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/wallace-walter-f-jr-memorial-foundation-morg_ee9e0ec683534793bc7bf133fa1bca24},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Wallace Walter F Jr Memorial Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Wallace Walter F Jr Memorial Foundation down — hundreds of funders to go?