The Wallace Foundation Moves to New Offices July 19, 2005 Page Content WHAT The Wallace Foundation has a new address, effective Monday, August 15, 2005 NEW ADDRESS 5 Penn Plaza New York, NY 10001 OLD ADDRESS Two Park Avenue, 23rd FloorNew York, NY 10016 ABOUT The Wallace Foundation is an independent private foundation established by DeWitt and Lila Acheson Wallace, the founders of The Reader’s Digest Association. With assets of approximately $1.3 billion, Wallace ranks among the top 40 private foundations nationwide. The Foundation seeks to support and share effective ideas and practices that expand learning and enrichment opportunities for all people. Its three current objectives are: - Strengthen education leadership to improve student achievement - Enhance out-of-school learning opportunities - Expand participation in arts and cultureFor more information and research on these and other related topics, please visit our Knowledge Center at www.wallacefoundation.org. CONTACT Lucas Held, Director of CommunicationsThe Wallace Foundation212-251-9782; lheld@wallacefoundation.org Leah Alexander, Communications Assistant The Wallace Foundation212-251-9781; lalexander@wallacefoundation.org Press Release