Wallace Foundation

{{Short description|Philanthropy organization based in New York, U.S.}} {{Infobox organization | name = The Wallace Foundation | image = | image_size = | image_alt = | caption = | map = | map_size = | map_alt = | predecessor = | merged_into = | successor = | formation = {{start date|2003}} | founder = | extinction =  | merger = | type = | tax_id =  | registration_id =  | status = | purpose = charitable works and philanthropy | headquarters = New York City | location = 140 Broadway<br>Manhattan, New York City | coordinates =  | region_served = | services = | leader_title = President | leader_name = Will Miller (as of May 2024) | leader_title2 = | leader_name2 = | leader_title3 = | leader_na me3 = | leader_title4 = | leader_name4 = | board_of_directors = 11 members | key_people = | main_organ = | parent_organization = | subsidiaries = | secessions = | affiliations = | budget = | budget_year = | revenue = | revenue_year = | disbursements = | expenses = | endowment = | num_staff = 49<ref>[http://www.wallacefoundation.org/learn-about-wallace/people/Pages/default.aspx "People"] on the Wallace Foundation website</ref> | num_staff_year = | num_volunteers = | num_volunteers_year = | slogan = | mission = | website = {{URL|www.wallacefoundation.org}} | remarks = | former_name = | footnotes = }}

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.<ref>[http://www.wallacefoundation.org/learn-about-wallace/mission-and-vision/Pages/default.aspx "Mission"] on the Wallace Foundation website</ref> 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.<ref>DeVita, M, Christine. [https://www.rand.org/pubs/periodicals/rand-review/issues/winter2010/perspectives2.html "Power of Ideas: How Foundations Can Generate Knowledge to Spark Change"] Rand Corporation website (Winter 2010-2011)</ref>

== History == The Wallace Foundation began with the philanthropy of DeWitt and Lila Acheson Wallace, who together founded the Reader's Digest Association in 1922.<ref>{{Cite news |last=West |first=Melanie Grayce |date=2013-02-19 |title=Financial Know-How for Nonprofits Online |url=https://www.wsj.com/articles/SB10001424127887323949404578312341097271424 |access-date=2026-04-27 |work=Wall Street Journal |language=en-US |issn=0099-9660}}</ref><ref>{{Cite web |last=Wu |first=Dana Y. |date=2018-12-03 |title=Spotlight on Lila and DeWitt Wallace: Chappaqua’s 20th Century Powerhouse Couple of Modern Media |url=https://www.theinsidepress.com/spotlight-on-lila-and-dewitt-wallace-chappaquas-20th-century-powerhouse-couple-of-modern-media/ |access-date=2026-04-27 |website=The Inside Press |language=en-US}}</ref> Drawing on the money they earned from the magazine, the Wallaces contributed to a wide assortment of artistic, cultural and youth-serving causes. Dewitt Wallace died in 1981 and Lila Wallace died in 1984, leaving much of their fortune to four private foundations they had created in their lifetimes, which later merged into two: the '''DeWitt Wallace-Reader's Digest Fund,''' which focused on education and youth and the '''Lila Wallace-Reader's Digest Fund,''' which focused on arts and culture.<ref>{{cite web|url=http://www.wallacefoundation.org/learn-about-wallace/history/Pages/default.aspx |title=The Wallace Foundation: A Brief History|publisher=Wallace Foundation|archive-url=https://web.archive.org/web/20160311005620/https://wallacefoundation.org/learn-about-wallace/history/Pages/default.aspx|archive-date=Mar 11, 2016}}</ref>

In 2003 a single national foundation, The Wallace Foundation, emerged from the consolidation of these private foundations.<ref>{{cite news|url=https://www.nytimes.com/ref/college/collegespecial3/ll_wallacemission.html |title=College: Wallace Foundation Mission Statement |work=The New York Times|date=21 January 2004}}</ref><ref>{{Cite news |date=2000-02-02 |title=Philanthropy |url=https://www.edweek.org/education/philanthropy/2000/02 |access-date=2026-04-27 |work=Education Week |language=en |issn=0277-4232}}</ref>

== Major initiatives == The Wallace Foundation has five major initiatives underway: * School Leadership: For more than a decade, Wallace has been working with states and school districts to develop better ways to train, hire, support and evaluate principals and other key figures in schools.<ref>[https://www.pbs.org/newshour/show/training-and-retaining-great-principals-in-urban-schools "How to Train and Retain Great Principals in Struggling Urban Schools"] ''PBS NewsHour'' (August 29, 2013)</ref><ref>Miller, William I. [http://www.amacad.org/publications/bulletin/winter2012/induction.pdf "Why Bridges Matter"] American Academy 2011 Induction Ceremony Presentations p.8</ref> * Afterschool: Wallace supports efforts in a group of cities to coordinate the work of municipal agencies, schools, youth-serving nonprofits and other institutions vital to afterschool in order to generate ideas about how to improve the quality of programs and make better use of data.<ref>Berg, Nate [http://www.theatlanticcities.com/politics/2012/06/five-ways-data-can-make-after-school-programs/2215/ "5 Ways Data Can Save After-School Programs"] ''The Atlantic'' City Lab (June 7, 2012)</ref> * Arts Education: Since 2005, Wallace has been working with school districts and nonprofits to test ways to engage more young people in high-quality arts learning during the school day and beyond.<ref>Drymalski, Nick. [http://youthtoday.org/2009/01/wallace-gives-18-million-for-arts-education/ "Wallace Gives $1.8 Million For Arts Education"] ''Youth Today'' (January 1, 2009)</ref> * Summer and Expanded Learning: Wallace seeks to better understand the impact of high-quality summer learning programs on disadvantaged children, as well as how to enrich and expand the school day in ways that benefit students.<ref>Rich, Motoko. [https://www.nytimes.com/2013/07/01/education/at-retooled-summer-schools-creativity-not-just-catch-up.html?pagewanted=all&_r=0 "At Retooled Summer Schools, Creativity, Not Just Catch-Up"] ''The New York Times'' (June 30, 2013)</ref> * Audience Development for the Arts: Wallace supports the development and testing of innovative ideas to reach new audiences so that many more people might enjoy the benefits of the arts.<ref>[http://www.wallacefoundation.org/learn-about-wallace/GrantsPrograms/our-initiatives/Pages/default.aspx "The Wallace Foundation Major Initiatives"] on the Wallace Foundation website</ref><ref>Smee, Sebastian. [https://www.bostonglobe.com/arts/2012/01/31/wallace-foundation-salutes-gardner-museum-and-blo/SMflofUeKWmAfmtbZmUPoJ/story.html "Wallace Foundation salutes Gardner Museum and BLO"] ''Boston Globe'' (January 31, 2012)</ref>

==References== {{Reflist}}

Category:Educational foundations based in the United States Category:Arts foundations based in the United States Category:Non-profit organizations based in New York City Category:Arts organizations established in 2003