Nonprofit · EIN 13-6183757
THE WALLACE FOUNDATION
Tax-exempt · NEW YORK, NY 10005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $124,078,120 | $85,949,821 | $38,128,299 | $1,756,582,199 | $30,335,505 | $1,726,246,694 |
| December 31, 2023 | 990-PF | $57,299,382 | $89,575,254 | -$32,275,872 | $1,706,055,092 | $31,386,339 | $1,674,668,753 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $6,326,278
- Interest
- $2,383,973
- Net gain from sales of assets
- $115,350,786
- Other income
- $17,083
Expenses
- Grants and similar amounts paid
- $54,321,994
- Compensation of officers, directors and key employees
- $3,462,131
- Salaries, compensation and benefits (total)
- $7,879,956
- Disbursements for charitable purposes
- $78,894,071
- Excise tax on investment income
- $1,365,979
Balance sheet and other
- Total assets, start of year
- $1,706,055,092
- Total assets, end of year
- $1,756,582,199
- Total liabilities, end of year
- $30,335,505
- Net assets, end of year
- $1,726,246,694
- Fair market value of assets
- $1,756,582,199
- Qualifying distributions
- $78,894,071
- Net investment income
- $107,886,990
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Thomas Lenehan 140 Broadway 49 Floor, New York, NY 10005 | CIO & Assistant Treasurer | 50 | $1,292,290 | $170,109 |
| William I Miller 140 Broadway 49 Floor, New York, NY 10005 | President & Director | 50 | $999,548 | $173,051 |
| Signe Conway 140 Broadway 49 Floor, New York, NY 10005 | Sr Officer - Invest Highest-paid employee | 50 | $418,757 | $68,726 |
| Bronwyn Bevan 140 Broadway 49 Floor, New York, NY 10005 | VP - Research Highest-paid employee | 50 | $385,983 | $81,005 |
| Joyce Zhang 140 Broadway 49 Floor, New York, NY 10005 | Sr Officer - Invest Highest-paid employee | 50 | $368,952 | $93,541 |
| Talia Shaull 140 Broadway 49 Floor, New York, NY 10005 | CHRO | 50 | $366,231 | $95,955 |
| Robin Harris 140 Broadway 49 Floor, New York, NY 10005 | VP - Communications Highest-paid employee | 50 | $351,480 | $69,185 |
| Giselle Antoni 140 Broadway 49 Floor, New York, NY 10005 | VP-Youth Development Highest-paid employee | 50 | $345,218 | $93,285 |
| Stacy J Martin 140 Broadway 49 Floor, New York, NY 10005 | CFO & Treasurer (end 8/30/2024) | 50 | $316,523 | $59,498 |
| Jennifer Maimone-Medwick 140 Broadway 49 Floor, New York, NY 10005 | General Counsel & Corporate Secretary (start 6/10/2024) | 50 | $216,731 | $10,023 |
| Ingrid Rasmussen 140 Broadway 49 Floor, New York, NY 10005 | CFO & Treasurer (start 9/2/2024) | 50 | $157,000 | $921 |
| Geraldine Sutera 140 Broadway 49 Floor, New York, NY 10005 | Legal/HR Assoc. & Asst Corp Secretary | 40 | $97,057 | $54,843 |
| Anne Dinneen 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 | $0 |
| Richard L Kauffman 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 | $0 |
| Kimberly Nelson 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kent McGuire 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 |
| Jorge Ruiz de Velasco 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 |
| Amor Towles 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 |
| Kelly Ungeman 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 |
| Kevin Young 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 |
| Daniel Weiss 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 |
| Mary Beth West 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| William I Miller 140 Broadway 49 Floor, New York, NY 10005 | President & Director | 50 | $912,204 | $158,871 |
| Thomas Lenehan 140 Broadway 49 Floor, New York, NY 10005 | CIO & Asst Treasurer | 50 | $833,419 | $134,498 |
| Stacy J Martin 140 Broadway 49 Floor, New York, NY 10005 | CFO & Treasurer | 50 | $434,583 | $77,807 |
| Bronwyn Bevan 140 Broadway 49 Floor, New York, NY 10005 | VP - Research Highest-paid employee | 50 | $372,792 | $78,981 |
| Kenneth Austin 140 Broadway 49 Floor, New York, NY 10005 | General Counsel & Corp Secretary | 50 | $368,182 | $71,728 |
| Talia Shaull 140 Broadway 49 Floor, New York, NY 10005 | CHRO | 50 | $350,814 | $93,007 |
| Signe Conway 140 Broadway 49 Floor, New York, NY 10005 | Officer - Invest. Highest-paid employee | 40 | $333,033 | $64,992 |
| Giselle Antoni 140 Broadway 49 Floor, New York, NY 10005 | VP-Youth Development Highest-paid employee | 50 | $331,947 | $91,560 |
| Bahia Ramos 140 Broadway 49 Floor, New York, NY 10005 | VP - Arts Highest-paid employee | 50 | $331,941 | $67,326 |
| Joyce Zhang 140 Broadway 49 Floor, New York, NY 10005 | Sr Officer - Invest. Highest-paid employee | 50 | $298,612 | $85,853 |
| Geraldine Sutera 140 Broadway 49 Floor, New York, NY 10005 | Legal/HR Assoc. & Asst Corp Secretary | 40 | $93,324 | $54,817 |
| Anne Dinneen 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 | $0 |
| Richard L Kauffman 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 | $0 |
| Kent McGuire 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 | $0 |
| Jorge Ruiz de Velasco 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 | $0 |
| Amor Towles 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 | $0 |
| Kelly Ungeman 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 | $0 |
| Daniel Weiss 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 | $0 |
| Mary Beth West 140 Broadway 49 Floor, New York, NY 10005 | Director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 140 BROADWAY 49TH FLOOR, NEW YORK, NY 10005-1105
- In care of
- % FINANCE
- Signed the 990-PF
- Ingrid Rasmussen, CFO
- Phone
- (212) 251-9700
- Website
- www.wallacefoundation.org
- Return prepared by
- KPMG LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 13-6183757
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1965
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,756,582,199
- Income (IRS master file)
- $702,665,934
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $124,078,120 | $85,949,821 | $1,756,582,199 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $57,299,382 | $89,575,254 | $1,706,055,092 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-6183757).
Questions about THE WALLACE FOUNDATION
- What is the EIN of THE WALLACE FOUNDATION?
- The employer identification number (EIN) of THE WALLACE FOUNDATION is 13-6183757.
- Is THE WALLACE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
- Are donations to THE WALLACE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE WALLACE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE WALLACE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE WALLACE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE WALLACE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 22 people; 12 received compensation from the organization, the highest $1,292,290 (Thomas Lenehan, CIO & Assistant Treasurer).
- How much revenue does THE WALLACE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $124,078,120, expenses of $85,949,821 and total assets of $1,756,582,199 at year end.
Other nonprofits in NEW YORK
- GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC EIN 31-1774905 · last filed 990 for 2024
- BLOOMBERG FAMILY FOUNDATION INC EIN 20-5602483 · last filed 990-PF for 2024
- JEWISH COMMUNAL FUND EIN 23-7174183 · last filed 990 for 2025
- FORD FOUNDATION EIN 13-1684331 · last filed 990-PF for 2024
- FREEDOM TOGETHER FOUNDATION EIN 90-0747216 · last filed 990-PF for 2024
- FOUNDATION TO PROMOTE OPEN SOCIETY EIN 26-3753801 · last filed 990-PF for 2024
- RENWICK FOUNDATION-USA EIN 92-3457678 · last filed 990-PF for 2025
- ROCKEFELLER PHILANTHROPY ADVISORS INC EIN 13-3615533 · last filed 990 for 2024
All nonprofits in NEW YORK · New York · Philanthropy, voluntarism and grantmaking foundations