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Filing year 2024

DWANE L AND VELMA LUNT WALLACE CHARITABLE FOUNDATION

Wichita, Kansas·EIN 48-1071478·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$4M
Total assets
$55.7M
Total expenses
$4.3M
Reported officers
5

Executive compensation

Form 990-PF · Part VIII · 5 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Kansas.

Trustee
Board Member
Above 90th percentile
$40k
$43k
Trustee
Board Member
75th to 90th percentile
$20k
$22k
Trustee
Board Member
75th to 90th percentile
$20k
$22k
Trustee
Board Member
75th to 90th percentile
$20k
$22k
Trustee
Board Member
Median to 75th percentile
$6k
$7k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at DWANE L AND VELMA LUNT WALLACE CHARITABLE FOUNDATION equaled 0.9% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
0.9%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$3.8M

Itemized grants

59

Median grant

$35k

RecipientLocationPurposeAmount
KU ENDOWMENT ASSNLAWRENCE, KSEDUCATION PROGRAMS, PER GRANT AGREEMENT$500k
WICHITA PUBLIC LIBRARY FOUNDATIONWICHITA, KSPLEDGED AMOUNT FOR 2024, PER GRANT AGREEMENT$300k
ORPHEUM PERFORMING ARTS CENTER LTDWICHITA, KSPLEDGED AMOUNT FOR 2024, PER GRANT AGREEMENT$250k
FUNDAMENTAL LEARNING CENTER INCWICHITA, KSCOMMITMENT FOR 2024, PER GRANT AGREEMENT$214k
EMPOWER EVERGREEN INCWICHITA, KSPLEDGED AMOUNT FOR 2024, PER GRANT AGREEMENT$125k
WICHITA STATE UNIVERSITY FOUNDATIONWICHITA, KSPLEDGED AMOUNT FOR 2024, PER GRANT AGREEMENT$125k
FIRST TEE-GREATER WICHITAWICHITA, KSCONSTRUCTION OF A YOUTH DEVELOPMENT FACILITY$125k
KANSAS FOODBANK WAREHOUSEWICHITA, KSFOOD DISTRIBUTION PROGRAM$100k
FREEDOM HOOVES THERAPEUTIC RIDING CENTERWICHITA, KSHOPE IN MOTION CAMPAIGN$100k
HUNTER HEALTH CLINIC INCWICHITA, KSNEW COMMUNITY WELLNESS CENTER$100k
STARKEY INCWICHITA, KSBUILDING THREE SIX-BEDROOM GROUP HOMES$100k
KANSAS HEALTH SCIENCE UNIVERSITYWICHITA, KSBIOMEDICAL SCIENCE LABORATORY$100k
THE KANSAS AFRICAN AMERICAN MUSEUMWICHITA, KSRENOVATION FOR NEW MUSEUM & CUKTURAL CENTER$100k
NEWTON HEALTHCARE CORPORATIONNEWTON, KSEXPANSION OF THE EMERGENCY DEPT$100k
FAMILY PROMISE OF GREATER WICHITAWICHITA, KSKEEPING OUR PROMISE CAMPAIGN$100k
LEAGUE 42 FOUNDATIONWICHITA, KSFACILITIES AT FIDELITY BANK FIELDS$87k
CHILD ADVOCACY CENTER OF SEDGWICK COUNTYWICHITA, KSEXPANSION OF FREE COMMUNITY OUTREACH AND EDUCATION$80k
KETCHWICHITA, KSNEW COMPUTERS$75k
AMERICAN RED CROSSWICHITA, KSPURCHASE OF TWO POWER RED MACHINES AND A NEW BLOOD EMERGENCY VEHICLE$69k
CENTER FOR BEHAVIORAL & ACADEMIC RESEARCHWICHITA, KSDEVELOP TWO ADAPTABLE LEARNING CENTERS$60k
EPISCOPAL SOCIAL SERVICES INCWICHITA, KSCARPET REPLACEMENT$55k
BOYS & GIRLS CLUB OF SOUTH CENTRAL KANSASWICHITA, KSAFTER SCHOOL PROGRAMS$50k
CAMP WOOD YMCAELMDALE, KSFEET UP CAMPAIGN$50k
CALDWELL HOSPITAL & HEALTH FOUNDATIONCALDWELL, KSMEDICAL TECHNOLOGY AND INNOVATIVE DIAGNOSTIC EQUIPMENT$50k
WICHITA AREA SEXUAL ASSAULT CENTERWICHITA, KSADVOCACY AGAINST ASSAULT INITIATIVE$50k
Compare this foundation's grantees

Up 14%
from 2023

From $35k in 2023 to $40k in 2024.

$35k
2023
$40k
2024
In today's dollarsEst.
Up 11% in real terms$39k to $43k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 14% from 2023 to 2024, while revenue rose 15%.

$35k in 2023 to $40k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about DWANE L AND VELMA LUNT WALLACE CHARITABLE FOUNDATION

What does the Board Member of DWANE L AND VELMA LUNT WALLACE CHARITABLE FOUNDATION earn?

In 2024, the Board Member of DWANE L AND VELMA LUNT WALLACE CHARITABLE FOUNDATION received $40,000 in total compensation. This pay is in the top 10% for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Kansas: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at DWANE L AND VELMA LUNT WALLACE CHARITABLE FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Kansas, the 2024 pay of the Board Member at DWANE L AND VELMA LUNT WALLACE CHARITABLE FOUNDATION falls in the top 10%. In 2024, the highest total compensation at DWANE L AND VELMA LUNT WALLACE CHARITABLE FOUNDATION equaled 0.9% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are DWANE L AND VELMA LUNT WALLACE CHARITABLE FOUNDATION's revenue and expenses?

In 2024, DWANE L AND VELMA LUNT WALLACE CHARITABLE FOUNDATION reported $4M in total revenue and $4.3M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.