The Wallace Foundation seeks to support and share effective ideas and practices that will strengthen education leadership, arts participation and out-of-school learning.
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A legacy of DeWitt and Lila Acheson Wallace, creators of The Reader’s Digest Association, The Wallace Foundation has grown to become among the top 40 private foundations in the United States, with assets of more than $1.5 billion. Through an integrated, team-based approach involving research and communications, in addition to grant-making, the Foundation extends its influence beyond its direct grantees. This is a recognition that significant and sustainable change in our education and cultural systems requires information and insight, and the Foundation had set as its strategy to be a “knowledge center” for policy-makers and practitioners in its areas of focus.
The Foundation’s mission is to enable institutions to expand learning and enrichment opportunities for all people. We do this by supporting and sharing effective ideas and practices. To achieve our mission we have three objectives: strengthening education leadership to enhance student achievement; improving after-school learning opportunities; and expanding participation in arts and culture.
History of The Wallace Foundation
Mission Statement
Message from M. Christine DeVita, President
The Wallace Foundation presents its investment strategies, research, grants and related activities in the annual report.
Annual Reports
The Wallace Foundation has concluded that funding good programs isn’t enough. Learn about the Wallace approach to strategic grantmaking and its vision for greater impact.
Our Approach
Here are the answers to frequently asked questions about The Wallace Foundation.
Frequently Asked Questions
Here you can find yearly financial overviews and complete audited financial statements beginning in 2006. For prior years, that financial information can be found in the annual reports.
Financial Information
The Wallace Foundation is a national foundation that supports programs in the United States. Grants are awarded to nonprofit public charitable organizations that are tax exempt under Section 501(c)(3) of the Internal Revenue Code.
Funding Guidelines
Listing of staff and board with selected bios
Who We Are