Wallace Foundation

Last updated
The Wallace Foundation
Formation2003 (2003)
Purposecharitable works and philanthropy
Headquarters New York City
Location
President
Will Miller (as of May 2024)
11 members
Staff49 [1]
Website www.wallacefoundation.org

The Wallace Foundation is a national philanthropic organization 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]

Contents

History

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]

Major initiatives

The Wallace Foundation has five major initiatives underway:

References

  1. "People" on the Wallace Foundation website
  2. "Mission" on the Wallace Foundation website
  3. DeVita, M, Christine. "Power of Ideas: How Foundations Can Generate Knowledge to Spark Change" Rand Corporation website (Winter 2010-2011)
  4. West, Melanie Grayce. "Financial Know-How for Nonprofits Online" Wall Street Journal (February 18, 2013)
  5. "The Wallace Foundation: A Brief History". Wallace Foundation. Archived from the original on Mar 11, 2016.
  6. "College: Wallace Foundation Mission Statement". The New York Times .
  7. "How to Train and Retain Great Principals in Struggling Urban Schools" PBS NewsHour (August 29, 2013)
  8. Miller, William I. "Why Bridges Matter" American Academy 2011 Induction Ceremony Presentations p.8
  9. Berg, Nate "5 Ways Data Can Save After-School Programs" The Atlantic City Lab (June 7, 2012)
  10. Drymalski, Nick. "Wallace Gives $1.8 Million For Arts Education" Youth Today (January 1, 2009)
  11. Rich, Motoko. "At Retooled Summer Schools, Creativity, Not Just Catch-Up" The New York Times (June 30, 2013)
  12. "The Wallace Foundation Major Initiatives" on the Wallace Foundation website
  13. Smee, Sebastian. "Wallace Foundation salutes Gardner Museum and BLO" Boston Globe (January 31, 2012)