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The Wallace Family Foundation Inc at a glance

· Private foundation

The Wallace Family Foundation Inc

Its FY2024 filing reports that it accepted unsolicited grant applications.

$364k
Granted FY2024still arriving
20
Grants FY2024still arriving
3
States reached
$300k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
0197% 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
02FY2024 · 20 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • Under $10k18 grants · $51k
  • $10k–50k1 grant · $13k
  • $250k+1 grant · $300k
$2,500
Median grant
3
States reached
$5.5M
Total assets
Largest grants
RecipientAmount
SALISBURY ACADEMY$300,000
FAMILIES FIRST NC INC$12,500
WATERWORKS VISUAL ARTS CENTER$9,750
NCCF LINVILLE RIDGE SCHOLARSHIP$8,100
FIRST PRESBYTERIAN CHURCH$7,500
PIEDMONT PLAYERS THEATRE INC$5,000
LEE ST THEATRE$5,000
ROWAN COUNTY UNITED WAY$4,500
Individual grant recipient$3,312
PUBLIC JUSTICE FOUNDATION$2,500
NAZARETH CHILD AND FAMILY CONNECTIO$1,500
COMMUNITY CARE CLINIC$1,000
BRICK ED ACADEMY$1,000
SALISBURY ROWAN HEART BALL$550
SOUTH CAROLINA ENVIRONMENTAL LAW$500
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY17–24, $33k) land where the poverty rate runs at 15%, against an area that typically sits at 10%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%BEDS FOR KIDS: $100 → 10%NAZARETH CHILDRENS HOME: $250 → 15%FAMILIES FIRST NC INC: $13k → 15%ROWAN HELPING MINISTRIES: $9k → 15%ROWAN HELPING MINISTRIES: $6k → 15%ROWAN HELPING MINISTRIES: $3k → 15%NAZARETH CHILD AND FAMILY CONNECTIO: $2k → 15%ROWAN HELPING MINISTRIES: $905 → 15%ROWAN HELPING MINISTRIES: $554 → 15%FAMILIES FIRST NC INC: $500 → 15%FAMILIES FIRST NC INC: $500 → 15%ROWAN HELPING MINISTRIES: $50 → 15%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

IL
MI
NY
NV
IN
MD
NC
SC
DC
GA
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

97%of every dollar goes to organizations it has funded before.
$4.2M · 35 repeat orgs$119k to everyone else

Grantees it renews have grown median revenue +57% since the first grant, against +19% for those funded once.

35 repeat relationships: 12 still active in FY2024, 23 since wound down; 8 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

35
50

Total granted

$4.2M
$97k

Median revenue growth · since first grant

+57%
+19%

Still filing today

40%
30%

New vs renewed · share of each year

In FY2024, 94% of grant dollars renewed an existing relationship; $21k went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time

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

’17’18’19’20’21’22’23’24
Arts & CultureEducationHealthHuman ServicesEnvironmentAnimalsOther
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.

Backed again, and grew

  • SA
    SALISBURY ACADEMY
    7× · 2017–2024 · $1.2M · revenue +91%
  • CC
    CATAWBA COLLEGE
    7× · 2017–2023 · $296k · revenue +455%
  • IMAGINE NORTH CAROLINA FIRST
    2× · 2017–2018 · $100k · revenue +258%

Funded once

  • NM
    NC MUSEUM OF DOLLS AND TOYS
    one grant, 2022 · $23k
  • LR
    LINVILLE RIDGE EMPLOYEE ASST FUND
    one grant, 2022 · $20k
  • NL
    NC LEAGUE OF CONSEVATION VOTER
    one grant, 2019 · $10k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
North Carolina Bar Association

The north carolina bar association is organized for the purposes of promoting and improving the administration of justice in north carolina; fostering and encouraging law reform when in the public interest; advancing the science of…

—
2
Barton College

Founded in 1902, barton college is a four-year, private, liberal arts college located in wilson, n.c. the barton experience focuses on academic excellence within a wide range of professional and liberal arts programs leading to…

Education
3
Sc Chamber of Commerce

Enhancing the quality of life for all south carolinians, achieving global competiteveness and ultimately increasing prosperity for sc citizens.

—
4
Carolina College of Biblical Studies

Carolina college of biblical studies exists to disciple christ-followers, through biblical higher education, for a lifetime of effective servant leadership.

Education
5
Children's Home Society of North Carolina Inc

The Children's Home Society of North Carolina's mission is to promote the right of every child to a permanent, safe, and loving family.

Human Services
6
Carolina Ballet Inc

Carolina ballet's mission is to perform world-class professional ballet, entertaining and enlightening audiences in raleigh, the triangle region, the state of north carolina, and beyond. carolina ballet works to accomplish this mission by…

Arts & Culture
7
Greater Raleigh Chamber of Commerce

To build a thriving regional economy, enhance the community's quality of life, and strengthen member businesses.

—
8
Carolina Small Business Development Fund

Our mission is to foster economic development in underserved communities by providing capital, business services, and policy research to support small businesses.

Public Benefit
9
North Carolina Symphony Society Inc

To be north carolina's state orchestra, an orchestra achieving the highest level of artistic quality and performance standards, and embracing its dual legacies of statewide service and music education.

Arts & Culture
10
North Carolina Business Leaders for Educ

The mission of north carolina business leaders for education (dba best nc) is to unite an engaged and informed business perspective to dramatically transform and improve north carolina's education system. our goal is for every student to…

Education
11
Carolina Family Health Centers Inc

Carolina Family Health Centers, Inc. provides accessible and affordable health care with excellence...where patients come FIRST

—
12
Research Triangle Regional Partnership

The research triangle regional partnership is an association of area economic development agencies dedicated to keeping the research triangle region economically strong by collectively marketing the region's competitive advantages and…

—
How this is measured
The grantee most central to the portfolio’s shape is Foundation for the Carolinas; the most unlike its peers is Belle W Baruch Foundation. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

35 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 35 of the 94 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
10
Early backer (in before they grew)
35/35
Grantees still filing
26/35
Grew since first funded

Where the money sits, by cause and then by grantee

NOVANT HEALTH FOUNDATION: $1,202,523 · OtherNOVANT HEALTH FOUNDATIONNOVANT MEDICAL CENTER: $1,200,000 · OtherNOVANT MEDICAL CENTERSALISBURY ACADEMY: $1,151,000 · OtherSALISBURY ACADEMY+73 more: $238,541 · Other+73 moreCATAWBA COLLEGE: $296,254 · EducationWAKE FOREST UNIVERSITY: $20,000 · Education+3 more: $4,000 · EducationIMAGINE NORTH CAROLINA FIRST: $100,000 · Social ScienceHISTORIC SALISBURY FOUNDATION INC: $34,280 · Arts & CultureSALISBURY SYMPHONY INC: $14,200 · Arts & CultureWATERWORKS VISUAL ARTS CENTER INC: $9,750 · Arts & CulturePIEDMONT PLAYERS THEATRE INC: $5,000 · Arts & CultureLEE STREET THEATRE: $2,500 · Arts & Culture+1 more: $1,000 · Arts & CultureFOUNDATION FOR THE CAROLINAS: $50,300 · PhilanthropyPUBLIC JUSTICE FOUNDATION: $35,000 · Crime & LegalROWAN HELPING MINISTRIES: $18,059 · Human ServicesFAMILIES FIRST-NC INC: $13,500 · Human ServicesNAZARETH CHILDREN'S HOME INC: $1,750 · Human Services+1 more: $100 · Human Services
Other$3,792,064Education$320,254Social Science$100,000Arts & Culture$66,730Philanthropy$50,300Crime & Legal$35,000Human Services$33,409

Each grantee by its size and the funder’s share of it; top left is load-bearing

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 budgetFOUNDATION FOR THE CAROLINAS: $50,300 over 1y, 0.0% 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
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds SALISBURY ACADEMY ↗
  • Who funds CATAWBA COLLEGE ↗
  • Who funds IMAGINE NORTH CAROLINA FIRST ↗
  • Who funds FOUNDATION FOR THE CAROLINAS ↗
  • Who funds PUBLIC JUSTICE FOUNDATION ↗
  • Who funds HISTORIC SALISBURY FOUNDATION INC ↗
  • Who funds WAKE FOREST UNIVERSITY ↗
  • Who funds ROWAN HELPING MINISTRIES ↗
  • Who funds SALISBURY SYMPHONY INC ↗
  • Who funds FAMILIES FIRST-NC INC ↗
  • Who funds WATERWORKS VISUAL ARTS CENTER INC ↗
  • Who funds POWER CROSS ↗
  • Who funds PIEDMONT PLAYERS THEATRE INC ↗
  • Who funds ROWAN COUNTY UNITED WAY INC ↗
  • Who funds COMMUNITY CARE CLINIC INC ↗
  • Who funds THE NATIONAL JUDICIAL COLLEGE ↗
  • Who funds MY BROTHERS WORKSHOP INC ↗
  • Who funds LEE STREET THEATRE ↗
  • Who funds NAZARETH CHILDREN'S HOME INC ↗

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 Ca…Margaret C Woodson Fo…The Hurley-Trammell F…The Bernheim Foundati…The Cannon Foundation…The Johnson Foundatio…Duke Energy FoundationRowan Arts Council IncJoe L & Hester Sims F…The Goodman Foundatio…Brady FoundationNorth Carolina Commun…
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.

How much its grantees rely on government

Each dot is one organization The Wallace Family Foundation Inc funds: left to right is the share of its income from government, bottom to top the share from The Wallace Family Foundation Inc. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%1%4%8%15%funder's share of their income ↑0%15%30%45%60%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    10report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–60%
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    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

    Play a game based on Wallace Family’s filings →

    More from the funding graph

    The unnamed billions
    grants reported with no recipient in the public record
    The regranting layer
    51% of grant dollars land in the regranting layer
    The DAF merry-go-round
    $9.7B circulates between donor-advised funds
    The endowment market
    who holds foundation money, and what just moved
    The camps
    funders cluster by geography, not ideology
    By state
    where grant money is based, and what stays home