Wallace Genetic Foundation Ii Inc
- Assets
- $86.2m
- Revenue
- $542.3k
- Investments
- $84.7m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/2017
- Data as of
- 12/2023
- EIN
- 81-4236372
Organization Overview
Wallace Genetic Foundation Ii Inc is located in Washington, DC. The organization was established in 2017. 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 Genetic Foundation Ii Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Wallace Genetic Foundation Ii Inc has awarded 392 individual grants totaling $94,620,890. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Douglas President & Treasurer | 7 | $0 | |
Deborah Smith Douglas Vice President & Secretary | 3 | $0 | |
Michaela Oldfield Executive Director | 24 | $130,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/18 | $186,483 |
Brown Advisory | 12/30/18 | $80,022 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $542,323 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $1,974,430 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $542,323 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $130,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $14,372 |
| Interest | $0 |
| Taxes | $20,025 |
| Depreciation | $0 |
| Occupancy | $45,661 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,588 |
| Total operating and administrative expenses | $545,976 |
| Contributions, gifts, grants paid | $4,535,000 |
| Total expenses and disbursements | $5,080,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $944,869 |
| Savings and temporary cash investments | $495,692 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $86,169,475 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wallace Genetic Foundation Ii Inc has awarded $4,535,000 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN NEAR EAST REFUGEE AID INC PURPOSE: DAVID ROCKWATER FUND | $100,000 |
APPALACHIAN VOICES PURPOSE: GENERALOPERATINGSUPPORT | $25,000 |
BREAD FOR THE WORLD INSTITUTE PURPOSE: TO SUPPORT INTERFAITHWORKING GROUP ON FOREIGN ASSISTANCE | $50,000 |
CATHOLIC RELIEF SERVICES PURPOSE: WASH IN CATHOLICHEALTHCAREFACILITIES | $305,000 |
CHARITIES AID FOUNDATION AMERICA PURPOSE: ST. ANDREWSBOTANIC GARDENTRUST | $25,000 |
CERES INC PURPOSE: FEDERAL POLICYEDUCATIONPROGRAM | $200,000 |