Wayne and Gladys Valley Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$254.9M
-2.8% YoY
Annual Giving
$21.5M
-19.3% YoY
Grant Count
42
-10.6% YoY
Avg Grant Size
$512K
-9.7% YoY
Under IRS private-foundation payout rules, Wayne and Gladys Valley Foundation reported a distributable amount of $13.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to provide financial assistance for various charitable organizations of particular interest to the founders, principally in the East Bay Area of California. The foundation makes grants only to organizations and projects that strive for excellence and carry out their programs in a well-managed and cost-efficient manner, with clearly defined and achievable goals.
Primary funding areas include:
- Education (at all levels, including higher education, secondary schools, primary schools, early childhood education, technical and vocational schools)
- Medical research and health care
- Catholic organizations
- Youth programs
- Parks and recreation
- Local community development
Grantmaking
The foundation is currently in a wind-down phase. In 2003, the Board of Directors unanimously elected to terminate the foundation, with a planned wind-down process to distribute remaining assets. As part of this strategy, the foundation is awarding grants that are larger than usual, with particular emphasis on capital improvement projects to construct new facilities and upgrade equipment.
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Geographic Focus
Where this funder awards grants
The foundation primarily supports the East Bay Area of California, specifically Alameda and Contra Costa counties. However, the foundation does fund nationally on occasion, though such grants are rare. The geographic preference reflects the founders' belief that the East Bay should be the primary target of their gifts, as their wealth was chiefly acquired through the real estate business operating in and from this region.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Reporting Year (2024):
- Total Assets: $254,892,895
- Total Revenue: $11,157,058
- Total Expenses: $24,955,329
- Total Giving: $21,515,701
Previous Year (2023):
- Total Assets: $262,282,186 (ledger value)
- Income: $344,071,819
The foundation is ranked 2,936 among U.S. foundations by assets and 350 among California foundations by assets.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $254,892,895 | $262,282,186 | $270,742,115 |
| Revenue | $11,157,058 | $36,946,700 | $3,705,667 |
| Expenses | $24,955,329 | $60,529,733 | $42,556,333 |
| Qualifying Distributions | $22,279,256 | $27,371,417 | $30,160,247 |
| Net Investment Income | $13,026,576 | $43,749,284 | $12,208,912 |
| Distributable Amount | $13,546,034 | $11,687,559 | $13,909,145 |
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
215 grants across all recorded years
Open Grants
1 open opportunity from Wayne and Gladys Valley Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Oregon State University Foundation ($10,000,000), Cal State East Bay Educational Foundation ($5,000,000), Head-royce School ($1,666,667).
| Recipient | Purpose | Amount |
|---|---|---|
| BERKELEY FOOD AND HOUSING BERKELEY, CA | CHRISTMAS GRANT | $25,000 |
| BOYS AND GIRLS CLUB OF ALAMEDA ALAMEDA, CA | FUNDING THE ELECTRONIC ARTS STUDIO PROJECT | $50,000 |
| CAL STATE EAST BAY EDUCATIONAL FOUNDATION HAYWARD, CA | TOWARDS APPLIED SCIENCE CENTER | $5,000,000 |
| CONTRA COSTA FOSTER FRIENDS PLEASANT HILL, CA | ANNUAL BUDGET SUPPORT | $10,000 |
| CORNERSTONE COMMUNITY DEV CORP FMLY BLDG FUTURES FOR WOMEN & CHILDREN SAN LEANDRO, CA | CHRISTMAS GRANT | $25,000 |
| CREATIVE GROWTH ART CENTER OAKLAND, CA | ANNUAL BUDGET FOR LOCAL ARTISTS WITH DISABILITIES | $25,000 |
| CRISTO REY DE LA SALLE EAST BAY HIGH SCHOOL OAKLAND, CA | GENERAL SUPPORT | $25,000 |
| DAVIS STREET COMMUNITY CENTER SAN LEANDRO, CA | CHRISTMAS GRANT | $25,000 |
| DOWN SYNDROME CONNECTION OF THE BAY AREA DANVILLE, CA | GENERAL OPERATING BUDGET SUPPORT FOR THE THREE FYR 12/31/2022-2024 | $50,000 |
| EARLY ALERT CANINES CONCORD, CA | OPERATING BUDGET SUPPORT | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key trustees include:
- Tamara A Valley
- Barbara B Lasalle
- John V Stock
The foundation employs 3 staff members.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TAMARA A VALLEY | CHAIR/PRESIDENT | 10 | $37,000 |
| BARBARA B LASALLE | DIRECTOR | 10 | $37,000 |
| JOHN V STOCK | DIRECTOR | 10 | $37,000 |
| MICHAEL D DESLER | EXECUTIVE DIRECTOR | 40 | $363,221 |
| RICHARD M KINGSLAND | DIRECTOR/CFO/VICE PRES. | 40 | $273,879 |
Recent News & Activity
Recent developments and announcements
The foundation has made significant capital grants in recent years, including:
A $10 million gift to Oregon State University Foundation for the Collaborative Innovation Complex
A $5 million gift to Cal State East Bay Educational Foundation for an Applied Science Center
Support for UC Davis School of Veterinary Medicine expansion
A $15 million award to Santa Clara University for library development
These grants reflect the foundation's focus on capital projects and facility improvements as part of its wind-down strategy.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Wayne and Gladys Valley Foundation fund?
The foundation's mission is to provide financial assistance for various charitable organizations of particular interest to the founders, principally in the East Bay Area of California. The foundation makes grants only to organizations and projects that strive for excellence and carry out their programs in a well-managed and cost-efficient manner, with clearly defined and achievable goals. Primary funding areas include: • Education (at all levels, including higher education, secondary schools, p…
How do I apply for a grant from Wayne and Gladys Valley Foundation?
The foundation is currently in a wind-down phase. In 2003, the Board of Directors unanimously elected to terminate the foundation, with a planned wind-down process to distribute remaining assets. As part of this strategy, the foundation is awarding grants that are larger than usual, with particular emphasis on capital improvement projects to construct new facilities and upgrade equipment. Recent grants include: • $10,000,000 to Oregon State University Foundation for the Construction of the Coll…
Where does Wayne and Gladys Valley Foundation make grants?
The foundation primarily supports the East Bay Area of California, specifically Alameda and Contra Costa counties. However, the foundation does fund nationally on occasion, though such grants are rare. The geographic preference reflects the founders' belief that the East Bay should be the primary target of their gifts, as their wealth was chiefly acquired through the real estate business operating in and from this region.
What size grants does Wayne and Gladys Valley Foundation award?
In 2024, Wayne and Gladys Valley Foundation awarded 42 grants totaling $21.5M — an average of about $512K per grant, based on its IRS Form 990 filings.
How much is Wayne and Gladys Valley Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wayne and Gladys Valley Foundation reported a distributable amount of $13.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wayne and Gladys Valley Foundation's EIN?
Wayne and Gladys Valley Foundation's EIN (Employer Identification Number) is 95-3203014. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Wayne and Gladys Valley 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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