The Tennessee State Capitol

Form 990-PFTax year 2024EIN 62-6048465

Wallace Foundation

A private foundation in Morristown, TN. Its return for tax year 2024 lists 51 grants and $165,375 paid in grants.

Tax year 2024 (period ending Jun 30, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Accepts applications

The return gives an application contact and rules, as below.

Contact
Doyle M Wallace
P O Box 6004
Morristown, TN 378156004
(423) 586-5650
Form and materials
No specific form authorized or required
Deadlines
None
Restrictions
Subject to final approval by officers

Assets and giving by year

7 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $165,375

    Grants listed
    51
    Assets, end of year
    $5,311,462
  • Tax year 2023

    $174,750

    Grants listed
    58
    Assets, end of year
    $4,944,277
  • Tax year 2022

    $120,340

    Grants listed
    31
    Assets, end of year
    $4,271,907
  • Tax year 2021

    $64,170

    Grants listed
    19
    Assets, end of year
    $1,274,560
  • Tax year 2020

    $67,060

    Grants listed
    12
    Assets, end of year
    $656,270
  • Tax year 2019

    $45,625

    Grants listed
    9
    Assets, end of year
    $263,812
  • Tax year 2018

    $60,895

    Grants listed
    10
    Assets, end of year
    $345,548

Grants paid in 2024

51 grants, largest first

As listed on the return.

  1. New Orleans Baptist Theological SemNew Orleans, LA

    Foundation board corpus

    $30,000
  2. Nolachucky Baptist Assoc Dis ReliefMorristown, TN

    Donation

    $16,300
  3. United Way of Hamblen CountyMorristown, TN

    General fund

    $16,000
  4. Vol Chapt of Army Aviation AssocJackson, TN

    Donation

    $10,000
  5. Lakeway FcaMorristown, TN

    General fund

    $8,000
  6. Challenge Golf AssociationGraham, NC

    General

    $6,000
  7. All OthersMorristown, TN

    General fund

    $5,575
  8. Fellowship of Christian AthletesKansas City, MO

    General

    $4,000
  9. Helen Ross McNabb FoundationKnoxville, TN

    Donation

    $3,000
  10. Carson Newman UniversityJefferson Cty, TN

    Wallace scholarship

    $2,500
  11. Daily Bread Community KitchenMorristown, TN

    General

    $2,500
  12. Liberty UniversityLynchburg, VA

    Donation

    $2,500
  13. Love Worth Finding MinistriesGermantown, TN

    Donation

    $2,500
  14. Mid America SeminaryCordova, TN

    General

    $2,500
  15. Run for Holland FoundationSpruce Pine, NC

    Donation

    $2,500
  16. American Family AssociationTupelo, MS

    General

    $2,000
  17. Boys & Girls Club FoundationMorristown, TN

    General fund

    $2,000
  18. Family Research CouncilWashington, DC

    Donation

    $2,000
  19. First Love on MainMorristown, TN

    General

    $2,000
  20. Friends of MissionWoodland, CA

    General

    $2,000
  21. Go Tell MinistriesDuluth, GA

    General

    $2,000
  22. GSM Council Boys Scouts of AmericaKnoxville, TN

    General

    $2,000
  23. Lakeway Christian SchoolsWhite Pine, TN

    Donation

    $2,000
  24. Alpha Baptist ChurchMorristown, TN

    Donation

    $1,500
  25. Bridgeport Free Will Baptist ChurchNewport, TN

    Donation

    $1,500
  26. Bridges InternationalAustin, TX

    Donation

    $1,500
  27. Fairfield Baptist ChurchMorristown, TN

    Donation

    $1,500
  28. Focus on the FamilyColorado SPGS, CO

    Donation

    $1,500
  29. Hillsdale CollegeHillsdale, MI

    General

    $1,500
  30. Kingswood Home for ChildrenBean Station, TN

    General

    $1,500
  31. The Heritage FoundationWashington, DC

    Donation

    $1,500
  32. TN Baptist Missions BoardNashville, TN

    Donation

    $1,500
  33. Valley Grove Baptist ChurchKnoxville, TN

    Donation

    $1,500
  34. Family TalkColorado Springs, CO

    Donation

    $1,500
  35. Morristown Rotary FoundationMorristown, TN

    Donation

    $1,500
  36. Pathway to VictoryDallas, TX

    Donation

    $1,500
  37. Tapestry for Women IncMorristown, TN

    Donation

    $1,500
  38. Via - T JolleyFayetteville, AR

    Donation

    $1,500
  39. Austin Peay State UniversityClarksville, TN

    Scholarship

    $1,000
  40. Lakeway CasaMorristown, TN

    General

    $1,000
  41. Lighting the WayBristol, TN

    General

    $1,000
  42. Middle TN State UniversityMurfreesboro, TN

    Scholarship

    $1,000
  43. Morristown Emergency Rescue SquadMorristown, TN

    Donation

    $1,000
  44. NavigatorsColorado Springs, CO

    Donation

    $1,000
  45. South Hamblen Volunteer Fire DeptMorristown, TN

    Donation

    $1,000
  46. The McCallie FoundationChattanooga, TN

    General

    $1,000
  47. Volunteers of America Mid-StatesNashville, TN

    Donation

    $1,000
  48. Witt Baptist ChurchMorristown, TN

    Donation

    $1,000
  49. Mission to the WorldLawrenceville, GA

    Donation

    $1,000
  50. Senior Citizens Center IncMorristown, TN

    Donation

    $1,000
  51. Witt Elementary SchoolMorristown, TN

    Donation

    $1,000

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Philanthropy and grantmaking2 grants $18,00035% of the total
  2. Education4 grants $9,00017% of the total
  3. Religion4 grants $8,00015% of the total
  4. Youth development2 grants $5,50011% of the total
  5. Human services2 grants $3,0006% of the total
  6. Mental health1 grant $3,0006% of the total
  7. 3 other causes3 grants $5,50011% of the total

By State

Grants to organizations with a US address, latest year.

  1. Tennessee33 grants $99,875
  2. Louisiana1 grant $30,000
  3. North Carolina2 grants $8,500
  4. Colorado3 grants $4,000
  5. Florida1 grant $4,000
  6. District of Columbia2 grants $3,500
  7. Georgia2 grants $3,000
  8. Texas2 grants $3,000
  9. Virginia1 grant $2,500
  10. California1 grant $2,000

Officers, directors and trustees

3 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Doyle M WallacePRESIDENT Hours 2Pay $0
  • Robin W DawsonTREASURER Hours 2Pay $0
  • Lisa W TruslerSECRETARY Hours 2Pay $0

The return

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