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Filing year 2024

WALLACE FOUNDATION

Morristown, Tennessee·EIN 62-6048465·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

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

Total revenue
$263k
Total assets
$5.3M
Total expenses
$215k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. WALLACE FOUNDATION reported 3 unpaid officers and board members on its 990-PF.

President
Treasurer
Secretary

Grants paid

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

Total granted

$165k

Itemized grants

51

Median grant

$2k

RecipientLocationPurposeAmount
NEW ORLEANS BAPTIST THEOLOGICAL SEMNEW ORLEANS, LAFOUNDATION BOARD CORPUS$30k
NOLACHUCKY BAPTIST ASSOC DIS RELIEFMORRISTOWN, TNDONATION$16k
UNITED WAY OF HAMBLEN COUNTYMORRISTOWN, TNGENERAL FUND$16k
VOL CHAPT OF ARMY AVIATION ASSOC C/O CW4 LEE ROGERSJACKSON, TNDONATION$10k
LAKEWAY FCAMORRISTOWN, TNGENERAL FUND$8k
CHALLENGE GOLF ASSOCIATIONGRAHAM, NCGENERAL$6k
ALL OTHERSMORRISTOWN, TNGENERAL FUND$6k
FELLOWSHIP OF CHRISTIAN ATHLETESTALLAHASSEE, FLGENERAL$4k
HELEN ROSS MCNABB FOUNDATIONKNOXVILLE, TNDONATION$3k
CARSON NEWMAN UNIVERSITYJEFFERSON CITY, TNWALLACE SCHOLARSHIP$3k
DAILY BREAD COMMUNITY KITCHENMORRISTOWN, TNGENERAL$3k
LIBERTY UNIVERSITYLIBERTY, VADONATION$3k
LOVE WORTH FINDING MINISTRIESMEMPHIS, TNDONATION$3k
MID AMERICA SEMINARYCORDOVA, TNGENERAL$3k
RUN FOR HOLLAND FOUNDATIONSPRUCE PINE, NCDONATION$3k
AMERICAN FAMILY ASSOCIATIONTUPELO, MSGENERAL$2k
BOYS & GIRLS CLUB FOUNDATIONMORRISTOWN, TNGENERAL FUND$2k
FAMILY RESEARCH COUNCILWASHINGTON, DCDONATION$2k
FIRST LOVE ON MAINMORRISTOWN, TNGENERAL$2k
FRIENDS OF MISSIONWOODLAND, CAGENERAL$2k
GO TELL MINISTRIESDULUTH, GAGENERAL$2k
GSM COUNCIL BOYS SCOUTS OF AMERICAKNOXVILLE, TNGENERAL$2k
LAKEWAY CHRISTIAN SCHOOLSWHITE PINE, TNDONATION$2k
ALPHA BAPTIST CHURCHMORRISTOWN, TNDONATION$2k
BRIDGEPORT FREE WILL BAPTIST CHURCHNEWPORT, TNDONATION$2k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

WALLACE FOUNDATION reported revenue and expenses across 3 filing years.

RevenueExpenses
$3M
$140k
2022
$559k
$217k
2023
$263k
$215k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Tennessee

WALLACE FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Tennessee earns a median of $35,455.

25th percentile
$11k
Median
$35,455
75th percentile
$87k
90th percentile
$212k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 340 organizations across 340 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Tennessee
FAQ

Common questions about WALLACE FOUNDATION

What are WALLACE FOUNDATION's revenue and expenses?

In 2024, WALLACE FOUNDATION reported $263k in total revenue and $215k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.