EIN 13-6183757

The Wallace Foundation

IRS 501(c) type
501(c)(3)
Num. employees
47
Year formed
1965
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Wallace Foundation is a national philanthropy that seeks to foster improvements in learning and enrichment for disadvantaged children and the vitality of the arts for everyone.
Total revenues
$57,299,382
2023
Total expenses
$89,575,254
2023
Total assets
$1,706,055,092
2023
Num. employees
47
2023

Program areas at The Wallace Foundation

Technical assistance: provide coordination and facilitation of learning communities and technical assistance to grantees participating in our youth arts, education leadership, and out of school time initiatives.
Dissemination: through conference presentations, webinars, print advertising and media outreach, share Wallace research findings with non-grantee audiences, who can use The findings to improve their own work.
Research: commission research and evaluation studies to inform and support The implementation of Wallace initiatives and provide insights about practice improvements for The field.

Grants made by The Wallace Foundation

GranteeGrant descriptionAmount
National Public Radio (NPR)To Support NPR'S Coverage of Education Issues Through A Media Sponsorship.$1,850,000
Fund for Educational ExcellenceFor Baltimore City Public Schools To Participate in the Equity-Centered Pipeline Initiative for Year 3.$1,600,000
DC Public Education FundFor DC Public Schools To Participate in the Equity-Centered Pipeline Initiative for Year 3$1,600,000
...and 165 more grants made totalling $42,649,717

Personnel at The Wallace Foundation

NameTitleCompensation
Ingrid RasmussenChief Financial Officer
Thomas LenehanChief Investment Officer$1,321,500
Talia ShaullChief Human Resources Officer$350,814
Robin V. HarrisVice President , Communications
Rotunda Floyd-CooperVice President, Education
...and 12 more key personnel

Financials for The Wallace Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$9,182,552
Net rental income$0
Net gain from sale of non-inventory assets$46,093,957
Gross sales of inventory$0
Miscellaneous revenues$2,022,873
Total revenues$57,299,382

Form 990s for The Wallace Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990PFView PDF
2022-122023-11-13990PFView PDF
2021-122022-11-14990PFView PDF
2020-122021-11-29990PFView PDF
2019-122022-01-07990PFView PDF
...and 9 more Form 990s

Organizations like The Wallace Foundation

OrganizationLocationRevenue
Connelly FoundationConshohocken, PA$25,695,726
Henry Luce FoundationNew York, NY$65,053,694
William R. Kenan JR Charitable TrustChicago, IL$81,478,601
Jack Kent Cooke Foundation (JKCF)Lansdowne, VA$46,441,200
Grable FoundationPittsburgh, PA$35,043,583
Peter Kiewit FoundationOmaha, NE$49,276,013
Cynthia & Geo Mitchell Foundation (CGMF)The Woodlands, TX$28,428,897
Terry FoundationHouston, TX$23,941,988
Marvy Finger Family FoundationHouston, TX$32,082,328
Lumina FoundationIndianapolis, IN$54,331,663
Data update history
January 16, 2025
Posted financials
Added Form 990PF for fiscal year 2023
January 5, 2025
Used new vendors
Identified 2 new vendors, including , and
November 5, 2024
Updated personnel
Identified 2 new personnel
January 21, 2024
Posted financials
Added Form 990PF for fiscal year 2022
January 21, 2024
Updated personnel
Identified 1 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsPartially liquidatedTax deductible donationsAccepts online donations
General information
Address
140 Broadway 49 Floor
New York, NY 10005
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
wallacefoundation.org/ 
Phone
(212) 251-9700
Facebook page
WallaceFdn 
Twitter profile
@wallacefdn 
IRS details
EIN
13-6183757
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1965
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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