Overview
The Wallace Walter F Jr Memorial Foundation, based in Chicago, Illinois, is a philanthropic organization with assets totaling $2,364,169. The foundation reported expenses of $192,610 and revenue of $439,708. It focuses on supporting initiatives in education, human services, and youth development. The foundation has funded projects in various cities across the United States, including Arlington, Ashland, Herndon, Hillsdale, Indianapolis, Milwaukee, Mt Pleasant, North Charleston, Reston, Richmond, Stanford, and Washington DC. It operates in several states such as California, Washington DC, Indiana, Michigan, Ohio, South Carolina, Virginia, Washington, and Wisconsin. The foundation is managed by trustees Virginia F Wallace and David W Savitz, both serving part-time without compensation.
Focus Areas
Geographic Focus
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Financials
in 2024, compared to $2,119,938 in 2023
11 grants awarded in 2024
Of total expenses go to programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $33,132 | FAMILY FOUNDATION OF VA | PROGRAM SUPPORT | 707 E FRANKLIN STREET RICHMOND, VA US | 2022 |
| $25,000 | HILLSDALE COLLEGE | GENERAL OPERATING PURPOSES | 33 EAST COLLEGE STREET HILLSDALE, MI US | 2022 |
| $20,000 | YOUNG AMERICAS FOUNDATION | PROGRAM SUPPORT | 110 ELDEN STREET HERNDON, VA US | 2023 |
| $20,000 | THE LEADERSHIP INSTITUTE | PROGRAM SUPPORT | 1101 NORTH HIGHLAND STREET ARLINGTON, VA US | 2023 |
| $20,000 | JUDICIAL WATCH | PROGRAM SUPPORT | PO BOX 96234 WASHINGTON, DC US | 2023 |
| $20,000 | YOUNG AMERICAS FOUNDATION | PROGRAM SUPPORT | 110 ELDEN STREET HERNDON, VA US | 2024 |
| $20,000 | JUDICIAL WATCH | PROGRAM SUPPORT | PO BOX 96234 WASHINGTON, DC US | 2024 |
| $20,000 | THE FAMILY FOUNDATION OF VA | PROGRAM SUPPORT | 707 E FRANKLIN STREET RICHMOND, VA US | 2024 |
| $15,000 | ASHBROOK CENTER | PROGRAM SUPPORT | 401 COLLEGE AVENUE ASHLAND, OH US | 2022 |
| $15,000 | NATURE CONSERVANCY OF S CAROLINA | PROGRAM SUPPORT | 1417 STUART ENGALS BLVD SUITE 100 MT PLEASANT, SC US | 2022 |
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People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
VFW
VIRGINIA F WALLACE
| TRUSTEE - PART TIME | $0 | 2022 |
DWS
DAVID W SAVITZ
| TRUSTEE - PART TIME | $0 | 2022 |
AFW
ANGELA F WALLACE
| TRUSTEE - PART TIME | $0 | 2022 |
VFW
VIRGINIA F WALLACE
| TRUSTEE - PART TIME | $0 | 2023 |
DWS
DAVID W SAVITZ
| TRUSTEE - PART TIME | $0 | 2023 |
AFW
ANGELA F WALLACE
| TRUSTEE - PART TIME | $0 | 2023 |
VFW
VIRGINIA F WALLACE
| TRUSTEE - PART TIME | $0 | 2024 |
DWS
DAVID W SAVITZ
| TRUSTEE - PART TIME | $0 | 2024 |
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025