Wallace Genetic Foundation Ii Inc
WASHINGTON, DC EIN: 81-4236372
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$99.5M
+15.4% YoY
Annual Giving
$5.4M
+19.6% YoY
Grant Count
62
-6.1% YoY
Avg Grant Size
$87K
+27.3% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $99,458,180 | $86,169,475 | $70,748,673 |
| Revenue | $3,924,302 | $542,323 | $561,626 |
| Expenses | $6,031,569 | $5,080,976 | $5,016,824 |
| Qualifying Distributions | $5,422,000 | $4,535,000 | $4,480,000 |
| Net Investment Income | $3,579,806 | $2,218,445 | $1,625,506 |
| Distributable Amount | $4,629,874 | $3,959,810 | $4,073,215 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
324 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Wallace Genetic Foundation Ii Inc fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID W DOUGLAS | PRESIDENT & TREASURER | 7 | — |
| DEBORAH SMITH DOUGLAS | VICE PRESIDENT & SECRETARY | 3 | — |
| MICHAELA OLDFIELD | EXECUTIVE DIRECTOR | 24 | $145,000 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
District of Columbia $7.6M (32%)
New Mexico $2.6M (11%)
Maryland $2.0M (8%)
New York $1.5M (6%)
Colorado $1.4M (6%)
Virginia $1.3M (5%)
Massachusetts $1.1M (5%)
Iowa $937K (4%)
+19 more states
States
Cities
AlbuquerqueAlexandriaArlingtonAtlantaBaltimoreBedford HillsBluffBostonBoulderBozemanBristolChapel HillCharlottesvilleCrownsvilleDenverDes MoinesDorchesterDurangoDurhamEast Lansing
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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