The Wallace Family Foundation Inc
Accepts applications
The Wallace Family Foundation Inc is a private foundation in Salisbury, North Carolina. In tax year 2024 it gave $363,832 in 20 grants; the typical grant was $2,000 and the largest $300,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$363,832
- Number of grants20
- Typical grant$2,000
- Largest grant$300,000
- Assets$5.6 million
- New grantees58%
Giving in 2024 was down from $650,321 the year before.
58% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $650,321 | 17 | $5.5 million |
| 2024 | $363,832 | 20 | $5.6 million |
How to apply
| Contact | Lee Wallace 1101 Sumter CT, Salisbury, NC 28144 |
|---|---|
| Phone or email | (704) 636-2021 |
| What to submit | Applicants contact the foundation in writing. The request includes the charities ein, dollar amount of request, purpose of request and anticipated groups who will benefit from the grant. |
| Deadlines | The window for submitting grant requests is september 1 - september 30. |
| Restrictions | Recipients must provide a copy of the letter of determination from the IRS. |
What The Wallace Family Foundation Inc funds
Where it gives
Its grants went to recipients in 3 states, the most to North Carolina.
| State | Grants | Amount |
|---|---|---|
| North Carolina | 17 | $360,682 |
| District of Columbia | 1 | $2,500 |
| South Carolina | 2 | $650 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Salisbury Academy | Education | $300,000 |
| Families First NC Inc | Shelter | $12,500 |
| Waterworks Visual Arts Center | Arts | $9,750 |
| Individual | $8,100 | |
| First Presbyterian Church | Religion | $7,500 |
| Lee St Theatre | Theatre | $5,000 |
| Piedmont Players Theatre Inc | Theatre | $5,000 |
| Rowan County United Way | Community | $4,500 |
| CPCC Scholarship | Education | $3,312 |
| Public Justice Foundation | Community | $2,500 |
| Nazareth Child and Family Connectio | Community | $1,500 |
| Brick Ed Academy | Education | $1,000 |
| Community Care Clinic | Health | $1,000 |
| Salisbury Rowan Heart Ball | Community | $550 |
| Rcec PTA | Education | $500 |
| South Carolina Environmental Law | Environment | $500 |
| American Red Cross | Blood drive | $250 |
| South Carolina Beach Advocates | Environment | $150 |
| Salisbury Symphony Orchestra | Theatre | $120 |
| Shelter Guardians | Animal care | $100 |
Officers and trustees
- Mona Lisa Wallace
- Lee Wallace
Questions people ask
Does The Wallace Family Foundation Inc accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: The window for submitting grant requests is september 1 - september 30.
How much does The Wallace Family Foundation Inc give?
$363,832 in tax year 2024, across 20 grants, with a typical grant of $2,000.
Who runs The Wallace Family Foundation Inc?
Its 2024 filing lists Mona Lisa Wallace (President) and Lee Wallace (Treas/Secret).
What does The Wallace Family Foundation Inc fund?
Based on its grants, mainly education, arts and culture and human services.