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Foundation Lookup

Form 990-PFTax year 2022EIN 71-0754251

Wallace Trust Foundation

A private foundation in McGehee, AR. Its return for tax year 2022 lists 6 grants and $11,750 paid in grants.

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Tax year 2022 (period ending Dec 31, 2022), 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
Gibbs Ferguson
209 West Oak Street
McGehee, AR 71654
(870) 222-6660
Form and materials
Applications should be submitted in writing, giving the applicant's name, address, telephone number and details why the applicant deserves consideration.
Deadlines
Applications are accepted at any time
Restrictions
Scholarships and grants are limited to the education, maintenance, sustenance and rehabilitation of deserving people who are in need of assistance due to age, illness, disability, infirmity or adverse conditions and whose needs are not met through usual assistance from state or federal governments or from mainline charitable organizations.

Assets and giving by year

5 returns on file
Grants paid by tax year. The latest year is in blue.

  • Tax year 2022

    $11,750

    Grants listed
    6
    Assets, end of year
    $0

  • Tax year 2021

    $293,474

    Grants listed
    18
    Assets, end of year
    $250,841

  • Tax year 2020

    $286,081

    Grants listed
    15
    Assets, end of year
    $250,100

  • Tax year 2019

    $293,000

    Grants listed
    20
    Assets, end of year
    $250,100

  • Tax year 2018

    $324,975

    Grants listed
    21
    Assets, end of year
    $250,599

Grants paid in 2022

6 grants, largest first

As listed on the return. Grants to individuals show as “Individual”, with purpose and amount only.

  1. City of McGehee-Police vestsMcGehee, AR

    Charity

    $7,500
  2. City of McGehee-Parks RecMcGehee, AR

    Charity

    $2,000
  3. Friends of McGehee Branch LibraryMcGehee, AR

    Charity

    $1,000
  4. Individual

    Charity

    $500
  5. Individual

    Charity

    $500
  6. Johnny Polite Memorial FoundationMcGehee, AR

    Charity

    $250

Where the money goes

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

  1. Education1 grant $1,000100% of the total

By State

Grants to organizations with a US address, latest year.

  1. Arkansas4 grants $10,750

Officers, directors and trustees

3 people as filed

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

  • Gibbs FergusonTrustee Hours 1Pay $0
  • Robert LuckyTrustee Hours 0.25Pay $0
  • James R DanielsTrustee Hours 0.25Pay $0

The return

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