The Wallace Foundation

Organization Overview

The Wallace Foundation is located in New York, NY. The organization was established in 1965. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wallace Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Wallace Foundation generated $114.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $73.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Wallace Foundation has awarded 863 individual grants totaling $129,213,933. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


RESEARCH: COMMISSION RESEARCH AND EVALUATION STUDIES TO INFORM AND SUPPORT THE IMPLEMENTATION OF WALLACE INITIATIVES AND PROVIDE INSIGHTS ABOUT PRACTICE IMPROVEMENTS FOR THE FIELD.


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.


POLICY: PUBLIC POLICY ENGAGEMENT ACTIVITIES INCLUDE, WITHIN THE CONSTRAINTS OF THE LAW, SHARING EVIDENCE OF WHAT WORKS AND ENCOURAGING STATES TO SEEK ESSA FUNDING FOR EVIDENCE-BASED LEADERSHIP WORK.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director
$0
Patrick Sherwood
Md-Investments
$414,426
Joyce Zhang
Senior - Investments
$358,650
Bronwyn Bevan
Director - Research
$341,955
Bahia Ramos
Director - Arts
$304,301
Jody Spiro
Dir - Ed. Leadership
$304,244

Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Hatcher Group
$1,293,569
Policy Studies Associates Inc
$1,008,898
Acronym Media Inc
$800,242
Learning Agenda Inc
$794,328
Educationcounsel Llc
$615,000
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $1,527,946
Dividends & Interest $6,445,707
Net Rental Income$0
Net Gain on Sale of Assets $106,565,980
Capital Gain Net Income $21,577,965
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income -$4,155
Total Revenue $114,535,478

Grants Awarded

Over the last fiscal year, The Wallace Foundation has awarded $57,416,656 in support to 352 organizations.

Grant RecipientAmount

FAMILY HEALTH INTERNATIONAL

Org PageRecipient Profile

Durham, NC

PURPOSE: TO CONNECT DISTRICTS TO RESOURCES TO SUPPORT THE DEVELOPMENT OF A THREE-YEAR SUMMER LEARNING PLAN; PLAN AND FACILITATE A SUMMER LEARNING COMMUNITY; AND CURATE, ASSEMBLE AND VET RELATED SUPPORTING TOOLS.

$3,139,854

Santa Monica, CA

PURPOSE: TO CONDUCT AN EVALUATION OF THE PARTNERSHIPS FOR SOCIAL AND EMOTIONAL LEARNING INITIATIVE.

$2,406,276

Santa Monica, CA

PURPOSE: TO CONDUCT AN EVALUATION OF THE PARTNERSHIPS FOR SOCIAL AND EMOTIONAL LEARNING INITIATIVE.

$2,100,000

DC PUBLIC EDUCATION FUND

Org PageRecipient Profile

Washington, DC

PURPOSE: TO PARTICIPATE IN THE EQUITY-CENTERED PIPELINE INITIATIVE.

$1,790,000

FRESNO UNIFIED SCHOOL DISTRICT

PURPOSE: TO PARTICIPATE IN THE EQUITY-CENTERED PIPELINE INITIATIVE.

$1,790,000

BOARD OF EDUCATION OF JEFFERSON COUNTY KENTUCKY

PURPOSE: TO PARTICIPATE IN THE EQUITY-CENTERED PIPELINE INITIATIVE.

$1,790,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Wallace Foundation has recieved totaling $5,000.

Awarding OrganizationAmount
Colton Famliy Foundation

Short Hills, NJ

PURPOSE: UNRESTRICTED

$5,000
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
William Penn Foundation
Philadelphia, PA
$175,834,650
The Heinz Endowments
Pittsburgh, PA
$54,378,087
Zoom Foundation
Greenwich, CT
$176,914,821
Fidelity Foundation
Boston, MA
$803,389,715
Klarman Family Foundation
Boston, MA
$145,872,662
Druckenmiller Foundation
New York, NY
$402,828,458
Rockefeller Brothers Fund Inc
New York, NY
$94,665,303
Adelson Family Foundation
Needham, MA
$49,822,227
Anna Maria And Stephen Kellen Foundation Inc
New York, NY
$57,361,611
The Wallace Foundation
New York, NY
$114,535,478
Oberkotter Foundation
Philadelphia, PA
$23,009,013
Stephen A Schwarzman Foundation
New York, NY
$61,557,254

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