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Wallace Genetic Foundation, Inc.

Profile

Last Updated: 2016-05-11

At A Glance

Wallace Genetic Foundation, Inc.

4910 Massachusetts Ave., N.W., Ste. 221

Washington, DC United States 20016-4368

Telephone: (202) 966-2932

URL: www.wallacegenetic.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business; Politics
  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $198,055,568

Total giving: $9,315,000

EIN

136162575

BRIDGE Number

7605013772

Additional Contact Information

Additional e-mail: president@wallacegenetic.org

Background

Incorporated in 1959 in NY - Founded by the late Henry A. Wallace, a businessman who developed the first commercial hybrid seed company. He served as the Secretary of Agriculture and later as Vice-President of the United States during the Franklin D. Roosevelt administration. Committed to serving the general welfare, Henry A. Wallace's life exemplified farsightedness, global vision, and receptivity to new ideas. He was keenly interested in scientific innovation as a force to enhance human well-being and had an abiding faith in the individual's spirit and capacity to bring about sound and just social change. In 1996, the three trustees of the foundation agreed to split the original foundation into three separate foundations: The Wallace Genetic Foundation, Wallace Global Fund, and Wallace Research Fund

Purpose and Activities

Areas of interest are: sustainable agriculture, protection of farmland near cities, conservation of natural resources, biodiversity protection, reduction of environmental toxins, and global climate issues.

Fields of Interest

Subjects
  • Agriculture
  • Clean water supply
  • Environmental education
  • Natural resources
  • Public policy
International Interests
  • Latin America
Population Groups
  • Economically disadvantaged people
  • Low-income and poor people

Financial Data

Year ended 2014-12-31

Assets: $198,055,568 (market value)

Expenditures: $10,685,321

Total giving: $9,315,000

Qualifying distributions: $9,710,262

Giving activities include:

$9,315,000 for 134 grants (high: $300,000; low: $5,000)