Formation | 2003 |
---|---|
Purpose | charitable works and philanthropy |
Headquarters | New York City |
Location | |
President | Will Miller (as of May 2024) |
11 members | |
Staff | 49 [1] |
Website | www |
The Wallace Foundation is a national philanthropy based in New York City that seeks to foster improvements in learning and enrichment for disadvantaged children and the vitality of the arts for everyone. [2] The foundation aims to develop knowledge about how to solve social problems, and promote widespread solutions based on that knowledge, by funding projects to test ideas, commissioning independent research to find out what works, and communicating the results to help practitioners, policymakers and leading thinkers. [3]
The Wallace Foundation began with the philanthropy of DeWitt and Lila Acheson Wallace, who together founded the Reader's Digest Association. [4] Drawing on the money they earned from the magazine, which they launched in 1922, the Wallaces contributed to a wide assortment of artistic, cultural and youth-serving causes. They died in the 1980s (Dewitt Wallace in 1981, Lila Wallace in 1984), leaving much of their fortune to four private foundations they had created in their lifetimes, later merged into two: [5]
In 2003 a single national foundation, The Wallace Foundation, emerged from the consolidation of these private foundations. [6]
The Wallace Foundation has five major initiatives underway:
Reader's Digest is an American general-interest family magazine, published ten times a year. Formerly based in Chappaqua, New York, it is now headquartered in midtown Manhattan. The magazine was founded in 1922 by DeWitt Wallace and his wife Lila Bell Wallace. For many years, Reader's Digest was the best-selling consumer magazine in the United States; it lost that distinction in 2009 to Better Homes and Gardens. According to Media Mark Research (2006), Reader's Digest reached more readers with household incomes of over $100,000 than Fortune, The Wall Street Journal, Business Week, and Inc. combined.
William Roy DeWitt Wallace;, publishing as DeWitt Wallace, was an American magazine publisher.
Lila Bell Wallace was an American magazine publisher and philanthropist. She co-founded Reader's Digest with her husband Dewitt Wallace, publishing the first issue in 1922.
The Carnegie Corporation of New York is a philanthropic fund established by Andrew Carnegie in 1911 to support education programs across the United States, and later the world.
Trusted Media Brands, Inc. (TMBI), formerly known as the Reader's Digest Association, Inc. (RDA), is an American multi-platform media and publishing company which is co-headquartered in New York City and in White Plains, New York. The company was founded by DeWitt Wallace and Lila Bell Wallace, husband and wife, in New York City in 1922 with the publication of the magazine Reader's Digest.
Lilly Endowment Inc., headquartered in Indianapolis, Indiana, is one of the world's largest private philanthropic foundations and among the largest endowments in the United States. It was founded in 1937 by Josiah K. Lilly Sr. and his sons, Eli Jr. and Josiah Jr. (Joe), with an initial gift of Eli Lilly and Company stock valued at $280,000 USD. As of 2020, its total assets were worth $21 billion.
Eliezer David Jaffe was an Israeli professor of social work specializing in philanthropy and non-profit management. He was Professor Emeritus at The Hebrew University's Paul Baerwald School of Social Work and Social Welfare.
The Surdna Foundation was established as a charitable foundation in 1917 by John Emory Andrus to pursue a range of philanthropic purposes.
The California Community Foundation(CCF) is a philanthropic organization located in Los Angeles, California. Foundation Center, an independent nonprofit organization, ranks it among the top 100 foundations in the nation by asset size and total giving. Among all community foundations, CCF is 5th by total giving and 7th by asset size, as of the fiscal year that ended 6/30/12.
Youth philanthropy is the donation of time, energy or resources, including money, by children and youth towards philanthropic causes. According to one study, "youth philanthropy is, at the broadest level, youth giving of their time, talents and treasure." It is seen as an effective means in which youth develop knowledge of and participate in philanthropic projects such as volunteering, grant writing, and community service.
After-school activities, also known as after-school programs or after-school care, started in the early 1900s mainly just as supervision of students after the final school bell. Today, after-school programs do much more. There is a focus on helping students with school work but can be beneficial to students in other ways. An after-school program, today, will not limit its focus on academics but with a holistic sense of helping the student population. An after-school activity is any organized program that youth or adult learner voluntary can participate in outside of the traditional school day. Some programs are run by a primary or secondary school, while others are run by externally funded non-profit or commercial organizations. After-school youth programs can occur inside a school building or elsewhere in the community, for instance at a community center, church, library, or park. After-school activities are a cornerstone of concerted cultivation, which is a style of parenting that emphasizes children gaining leadership experience and social skills through participating in organized activities. Such children are believed by proponents to be more successful in later life, while others consider too many activities to indicate overparenting. While some research has shown that structured after-school programs can lead to better test scores, improved homework completion, and higher grades, further research has questioned the effectiveness of after-school programs at improving youth outcomes such as externalizing behavior and school attendance. Additionally, certain activities or programs have made strides in closing the achievement gap, or the gap in academic performance between white students and students of color as measured by standardized tests. Though the existence of after-school activities is relatively universal, different countries implement after-school activities differently, causing after-school activities to vary on a global scale.
The DeWitt Wallace Decorative Arts Museum (DWDAM), is a museum dedicated to British and American fine and decorative arts from 1670-1840, located in Williamsburg, Virginia.
Candid is an information service specializing in reporting on U.S. nonprofit companies. In 2016, its database provided information on 2.5 million organizations. It is the product of the February 2019 merger of GuideStar with Foundation Center.
The Koret Foundation is a private foundation based in San Francisco, California. Its mission is to strengthen the Bay Area and support the Jewish community in the U.S. and Israel through grantmaking to organizations involved with education, arts and culture, the Jewish community, and the Bay Area community. The foundation takes an approach of testing new ideas and bringing people and organizations together to help solve societal and systemic problems of common concern.
The Heckscher Foundation for Children is a New York City-focused private foundation that provides grants to underserved New York City youth. Often, the foundation's grant-giving takes the form of program support, capacity-building, capital projects and general operating support.
Cherokee Preservation Foundation is an independent nonprofit foundation established in 2000 as part of the Tribal-State Compact amendment between the Eastern Band of Cherokee Indians (EBCI) and the State of North Carolina. The Foundation is funded by the EBCI from gaming revenues generated by the Tribe; it is not associated with any for-profit gaming entity and is a separately functioning organization independent of the Tribal government. It works to improve the quality of life of the EBCI and strengthen the western North Carolina region by balancing Cherokee ways with the pursuit of new opportunities.
Philanthropy in the United States is the practice of voluntary, charitable giving by individuals, corporations and foundations to benefit important social needs. Its long history dates back to the early colonial period, when Puritans founded Harvard College and other institutions. Philanthropy has been a major source of funding for various sectors, such as religion, higher education, health care, and the arts. Philanthropy has also been influenced by different social movements, such as abolitionism, women’s rights, civil rights, and environmentalism. Some of the most prominent philanthropists in American history include George Peabody, Andrew Carnegie, John D. Rockefeller, Henry Ford, Herbert Hoover, and Bill Gates.
The Center for High Impact Philanthropy (CHIP) is a center at the School of Social Policy and Practice at the University of Pennsylvania in the United States focused on high impact philanthropy, both in the US and internationally. The Center translates the best available evidence in areas such as education and early childhood development, disaster relief, poverty, democracy, and public health into actionable guidance and educational programs for those looking to make a difference with their giving.
Howard G. (Peter) Sloane is an American philanthropist and the Chairman and CEO of The Heckscher Foundation for Children, a New York-based private foundation established in 1921 by German-born industrialist, financier, and philanthropist August Heckscher. In 1997, Sloane took over the affairs of the Heckscher Foundation when its assets consisted largely of encumbered real estate which limited its ability to make meaningful gifts. He restructured and developed the Foundation into a significant funder of innovative education, job training, recreation, and the arts programs with assets of over $400 million. Under Sloane's leadership, the modern day Foundation underwrites projects with potential for catalytic impact when combined with public funds or other donors, and operates its own strategic philanthropy programs to promote the welfare of children and youth in New York City.
The Kenneth Rainin Foundation is an American family run foundation based in Oakland, California. The foundation funds early childhood education programs in Oakland, various arts programs around the San Francisco Bay Area, and research into inflammatory bowel disease.