Financials and Governance

 

Financial Information

We have posted here our IRS Form 990-PF and Audited Financial Statements. Generally, the most recent Form 990-PF is posted in November and Audited Financial Statements in June.

IRS Form 990-PF

Audited financial statement

Governance

Wallace participates in the Glasspockets initiative a Foundation Center initiative that champions philanthropic transparency in an online world. Launched in 2010, Glasspockets provides the data, resources, examples, and action steps foundations need to understand the value of transparency, be more open in their own communications, and help shed more light on how private organizations are serving the public good.

Wallace is also one of the co-signers of the Principles for Good Governance and Ethical Practice, 33 principles of sound practice for nonprofits and foundations related to compliance, disclosure and effective governance. The principles were developed in 2007 by the Panel on the Nonprofit Sector, a convening of leaders by the Independent Sector. They were updated in 2014 by an advisory group of 21 sector leaders (including Wallace Foundation President Will Miller) to account for changes in society, technology and law that had occurred since the original release.

 

Glass Pockets