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North Carolina · Private foundation

The Wallace Family Foundation Inc

Its FY2024 filing reports that it accepted unsolicited grant applications.

$364k
Granted FY2024(still arriving)
20
Grants FY2024
17
Organizations funded FY2023
41%
First-time grantees FY2023
Read the full brief
Median grant, FY2024
$2,500
Largest grant, FY2024
$300,000
Organizations funded a year
17 to 31
FY2017 to FY2023
States reached, FY2024
3
Total assets, FY2024
$5.5M
Applications
Takes unsolicited applications
Per its most recent filing; check its own site

How open it is to new grantees

In FY2023, 41% of the organizations The Wallace Family Foundation Inc funded were first-time grantees, receiving 2% of its grant dollars.

New vs renewed · share of each year

In FY2023, 98% of grant dollars renewed an existing relationship; $11k went to new ones.

50%100%’18’19’20’21’22’23
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’18’19’20’21’22’23
HealthEducationHuman ServicesEnvironmentCrime & LegalReligionOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.
The numbers by year
Fiscal yearOrganizations fundedTo those organizationsFirst-time grantees
FY2024still arriving20$364k40%
FY202317$650k41%
FY202217$882k47%
FY202120$882k60%
FY202022$77k41%
FY201922$1.3M36%
FY201831$139k68%
FY201720$86kn/a
97% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Health$2.4MEducation$1.5MArts & Culture$123kPublic Benefit$100kPhilanthropy$57kReligion$51kHuman Services$39kCrime & Legal$39kOther$0

Where its grants go

Grant dollars by states, across the years we hold.

Which US states its grants reach

IL
MI
NY
NV
IN
MD
NC
SC
DC
GA

Top grantees

Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.

Show all 35 grantees

What it could do for these grantees

Plus 58 recipients with no EIN on record ($2.6M), not named here.

Where it is load-bearing

Each grantee by its size and the share of its budget The Wallace Family Foundation Inc supplied at peak.

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetSalisbury Academy: $1,151,000 over 7y, 14% of budgetCatawba College: $296,254 over 7y, 0.3% of budgetPublic Justice Foundation: $35,000 over 3y, 0.3% of budgetHistoric Salisbury Foundation Inc: $34,280 over 6y, 2.7% of budgetWake Forest University: $20,000 over 2y, 0.0% of budgetRowan Helping Ministries: $18,059 over 6y, 0.2% of budgetSalisbury Symphony Inc: $14,200 over 2y, 1.5% of budgetFamilies First-Nc Inc: $13,500 over 3y, 1.8% of budgetWaterworks Visual Arts Center Inc: $9,750 over 1y, 2.8% of budgetPower Cross: $5,100 over 2y, 0.2% of budgetPiedmont Players Theatre Inc: $5,000 over 1y, 0.8% of budgetRowan County United Way Inc: $4,500 over 1y, 0.4% of budgetCommunity Care Clinic Inc: $4,250 over 5y, 0.3% of budgetThe National Judicial College: $2,500 over 1y, 0.0% of budgetMy Brothers Workshop Inc: $2,500 over 1y, 0.1% of budgetLee Street Theatre: $2,500 over 1y, 0.6% of budgetNazareth Children's Home Inc: $1,750 over 2y, 0.0% of budgetBrookgreen Gardens: $1,500 over 4y, 0.0% of budgetChildren's Flight of Hope: $1,000 over 1y, 0.0% of budgetAmerican Legion Frank Roach Post 34: $1,000 over 1y, 0.4% of budgetDancing with the Stars of Charlotte Inc: $1,000 over 1y, 0.2% of budgetThree Rivers Land Trust Inc: $1,000 over 1y, 0.0% of budgetBricked Academy: $1,000 over 1y, 0.9% of budgetNorth Hills Christian School: $500 over 1y, 0.0% of budgetMuddy Sneakers Inc: $300 over 1y, 0.0% of budgetShepherd Center Inc: $250 over 1y, 0.0% of budgetMichiana Humane Society Inc: $250 over 1y, 0.0% of budgetAlzheimer's Disease & Related Disorders Association Inc: $100 over 1y, 0.0% of budgetBeds for Kids Inc: $100 over 1y, 0.0% of budgetShelter Guardians Inc: $100 over 1y, 0.0% of budget

Tap a dot to name the grantee.

How this is measured
Share of budget is the funder’s grant in a year over the grantee’s total revenue that year, at its highest across the years we hold; revenue is from all sources. Only grantees confirmed against their own filings, whose grants do not exceed their revenue, are plotted: the largest 30.

Nonprofits that may fit its grantmaking

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Foundation for the CarolinasNC40× affinity20 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Foundation for the Carolinas · Margaret C Woodson Foundation Inc · The Hurley-Trammell Foundation · The Bernheim Foundation Inc · The Cannon Foundation Inc · The Johnson Foundation Inc · Duke Energy Foundation · Rowan Arts Council Inc · Joe L & Hester Sims Family Foundation · The Goodman Foundation Inc · Brady Foundation · North Carolina Community Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

Compare The Wallace Family Foundation Inc with peer funders

About The Wallace Family Foundation Inc

How much does The Wallace Family Foundation Inc give?
The Wallace Family Foundation Inc reported 20 grants totaling $363,832 in its FY2024 IRS filing. It funded between 17 and 31 organizations a year over FY2017 to FY2023.
What does The Wallace Family Foundation Inc fund?
By grant dollars over FY2017 to FY2024, its largest causes are Health (55%), Education (34%), Arts & Culture (3%).
Who are The Wallace Family Foundation Inc's largest grantees?
By total granted over FY2017 to FY2024: Salisbury Academy ($1.2M), Catawba College ($296k), Imagine North Carolina First ($100k).
Does The Wallace Family Foundation Inc fund new organizations?
In FY2023, 41% of the organizations it funded were first-time grantees.
Does The Wallace Family Foundation Inc accept unsolicited applications?
Its most recent filing reports that it accepts unsolicited grant applications.
Which funders back the same organizations as The Wallace Family Foundation Inc?
Its strongest co-funders, measured against what their size predicts, include Foundation for the Carolinas, Margaret C Woodson Foundation Inc, The Hurley-Trammell Foundation.
Where is The Wallace Family Foundation Inc based?
The Wallace Family Foundation Inc is based in NC.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 94 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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