Private Foundation

THE WALLACE FAMILY FOUNDATION INC

THE WALLACE FAMILY FOUNDATION INC is a Private Foundation headquartered in SALISBURY, NC. Financial data from the 2024 filing: $389K revenue, $370K expenses, $5.5M total assets. IRS filings disclose 143 grants awarded by this foundation, totaling roughly $3.4M.

EIN: 208798457 SALISBURY, NC Private Grantmaking Foundations NTEE: T20 Latest filing: 2024
Total Revenue$389K
Total Expenses$370K
Total Assets$5.5M
Grants Given143
Grant Total$3.4M
Filing Years2020–2024

Before you apply to The Wallace Family Foundation Inc

Accepts applications Published application instructions on its 2024 Form 990-PF.

Often funds new orgs 46% of recent recipients were first-time grantees (2022–2024).

Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.

Sample Grants Given

SALISBURY ACADEMY
SALISBURY, NC · 2024
EDUCATION
$300,000
FAMILIES FIRST NC INC
SALISBURY, NC · 2024
SHELTER
$12,500
WATERWORKS VISUAL ARTS CENTER
SALISBURY, NC · 2024
ARTS
$9,750
NCCF LINVILLE RIDGE SCHOLARSHIP
RALWIGH, NC · 2024
SCHOLARSHIP
$8,100
FIRST PRESBYTERIAN CHURCH
SALISBURY, NC · 2024
RELIGION
$7,500

Showing up to 5 of 143 total records — full history available with membership.

Officers & Directors

TREAS/SECRET Lee Wallace
PRESIDENT Mona Lisa Wallace

Officer compensation and complete director data available with membership.

Top Grant Purposes

Health & Medicine
$1,816,823 13 grants
Education
$1,276,839 40 grants
General Support
$106,804 17 grants
Arts & Culture
$84,306 18 grants
Religion & Spirituality
$37,645 7 grants

Financial Trends

Year Revenue Expenses Assets
2024 $389K $370K $5.5M
2023 $797K $656K $5.5M
2022 $1.7M $918K $5.4M
2021 $786K $20K $3.8M
2020 $3.1M $77K $3.0M

Between 2020 and 2024, reported annual revenue declined from $3.1M to $389K (-87%), with total assets most recently reported at $5.5M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in DC, GA, IN, MD, NC, NV, and 3 other states.

DCGAINMDNCNVNYSCVI

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for THE WALLACE FAMILY FOUNDATION INC

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