Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
GEORGE R WALLACE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)GOODWIN 100 NORTHERN AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02210
A Employer identification number

04-6130518
B Telephone number (see instructions)

C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$9,234,711J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 142,974 142,974  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 672,958
b Gross sales price for all assets on line 6a 2,173,401
7 Capital gain net income (from Part IV, line 2)... 672,958
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 815,932 815,932  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 65,000 29,250   35,750
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
32,046 14,221 0 17,625
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
35,233 35,233   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)...       0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
251 181   70
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 132,530 78,885 0 53,445
25 Contributions, gifts, grants paid....... 529,000 529,000
26 Total expenses and disbursements. Add lines 24 and 25 661,530 78,885 0 582,445
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 154,402
b Net investment income (if negative, enter -0-) 737,047
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 135,417 103,987 103,987
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 680,724 Click to see attachment
List of Attached Documents:
// Content
687,301 		676,034
b Investments—corporate stock (attach schedule)....... 4,278,691 Click to see attachment
List of Attached Documents:
// Content
4,530,004 		7,522,466
c Investments—corporate bonds (attach schedule)....... 1,019,917 Click to see attachment
List of Attached Documents:
// Content
947,076 		932,224
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,114,749 6,268,368 9,234,711
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 6,114,749 6,268,368
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 6,114,749 6,268,368
30 Total liabilities and net assets/fund balances (see instructions). 6,114,749 6,268,368
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
6,114,749
2
Enter amount from Part I, line 27a .....................
2
154,402
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
511
4
Add lines 1, 2, and 3 ..........................
4
6,269,662
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,294
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,268,368
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 27. ABBVIE INC   2023-01-01 2024-01-23
b 30. ALPHABET INC CL C   2023-01-01 2024-01-23
c 29. AMAZON.COM INC   2023-01-01 2024-01-23
d 45. AMPHENOL CORP CLASS A COM   2023-01-01 2024-01-23
e 23. APPLE INC   2023-01-01 2024-01-23
17. ARISTA NETWORKS INC COM   2024-01-01 2024-01-23
1. BOOKING HOLDINGS INC COM   2023-01-01 2024-01-23
72. BOSTON SCIENTIFIC CORP   2024-01-01 2024-01-23
22. BROADRIDGE FINANCIAL SOLUTION   2023-01-01 2024-01-23
22. CME GROUP INC COM   2023-01-01 2024-01-23
7. CINTAS CORP   2023-01-01 2024-01-23
12. DEERE & CO   2023-01-01 2024-01-23
111. DOUBLEVERIFY HLDGS INC COM   2023-01-01 2024-01-23
40. EOG RESOURCES INC   2023-01-01 2024-01-23
11. META PLATFORMS INC CLASS A COMMON STOCK   2024-01-01 2024-01-23
12. GOLDMAN SACHS GROUP INC COM   2023-01-01 2024-01-23
128. HALOZYME THERAPEUTICS INC   2024-01-01 2024-01-23
12. HOME DEPOT INC   2023-01-01 2024-01-23
22. HONEYWELL INTERNATIONAL INC   2023-01-01 2024-01-23
7. INTUIT INC   2023-01-01 2024-01-23
26. JPMORGAN CHASE & CO   2023-01-01 2024-01-23
6. JOHNSON & JOHNSON   2023-01-01 2024-01-23
27. JOHNSON & JOHNSON   2023-01-01 2024-01-23
35. LAUDER ESTEE COMPANIES INC CL A   2023-01-01 2024-01-23
9. MARTIN MARIETTA MATERIALS INC COM   2023-01-01 2024-01-23
10. MASTERCARD INC CL A   2023-01-01 2024-01-23
15. MCDONALDS CORP   2023-01-01 2024-01-23
37. MERCK & CO INC   2023-01-01 2024-01-23
11. MICROSOFT CORP   2023-01-01 2024-01-23
44. NIKE INC CLASS B COM NPV   2023-01-01 2024-01-23
8. NVIDIA CORP   2023-01-01 2024-01-23
4. OREILLY AUTOMOTIVE INC COM   2024-01-01 2024-01-23
27. ONTO INNOVATION INC COM   2024-01-01 2024-01-23
26. PEPSICO INC   2023-01-01 2024-01-23
29. QUALCOMM INC   2023-01-01 2024-01-23
6. SERVICENOW INC COM   2024-01-01 2024-01-23
14. SHERWIN-WILLIAMS CO   2023-01-01 2024-01-23
64. SOUTHERN COMPANY   2023-01-01 2024-01-23
14. STRYKER CORPORATION   2023-01-01 2024-01-23
9. SYNOPSYS INC   2024-01-01 2024-01-23
19. TRACTOR SUPPLY CO   2023-01-01 2024-01-23
8. UNITEDHEALTH GROUP INC   2024-01-01 2024-01-23
21. VEEVA SYSTEMS INC   2023-01-01 2024-01-23
23. ZOETIS INC   2023-01-01 2024-01-23
12. ACCENTURE PLC CL A   2023-01-01 2024-01-23
11. LINDE PLC   2024-01-01 2024-01-23
633. ABBVIE INC   2023-01-01 2024-02-01
290. LAUDER ESTEE COMPANIES INC CL A   2023-01-01 2024-02-01
971. QUALCOMM INC   2023-01-01 2024-02-01
78. ACCENTURE PLC CL A   2023-01-01 2024-02-01
50000. US TREAS NTS NOTE 1.5%   2023-01-01 2024-05-08
278. DEERE & CO   2023-01-01 2024-05-29
2889. DOUBLEVERIFY HLDGS INC COM   2023-01-01 2024-05-29
848. JOHNSON & JOHNSON   2023-01-01 2024-05-29
132. NVIDIA CORP   2023-01-01 2024-05-29
429. VEEVA SYSTEMS INC   2023-01-01 2024-05-29
338. HOME DEPOT INC   2023-01-01 2024-07-01
478. HONEYWELL INTERNATIONAL INC   2023-01-01 2024-07-26
806. NIKE INC CLASS B COM NPV   2023-01-01 2024-07-26
585. ACCENTURE PLC CL A   2023-01-01 2024-09-03
75000. HONEYWELL INT INC NOTE CALL MAKE   2023-01-01 2024-11-01
1075. NVIDIA CORP   2023-01-01 2024-11-01
18. ALPHABET INC CL C   2023-01-01 2024-11-27
15. AMAZON.COM INC   2023-01-01 2024-11-27
11. AMGEN INC   2024-01-01 2024-11-27
35. AMPHENOL CORP CLASS A COM   2023-01-01 2024-11-27
15. ANALOG DEVICES INC   2024-01-01 2024-11-27
2. APPLE INC   2023-01-01 2024-11-27
8. ARISTA NETWORKS INC COM   2024-01-01 2024-11-27
1. BOOKING HOLDINGS INC COM   2023-01-01 2024-11-27
25. BOSTON SCIENTIFIC CORP   2024-01-01 2024-11-27
13. BROADRIDGE FINANCIAL SOLUTION   2023-01-01 2024-11-27
13. CME GROUP INC COM   2023-01-01 2024-11-27
22. CINTAS CORP   2023-01-01 2024-11-27
4. COSTCO WHOLESALE CORP COM   2023-01-01 2024-11-27
10. EOG RESOURCES INC   2023-01-01 2024-11-27
4. META PLATFORMS INC CLASS A COMMON STOCK   2023-01-01 2024-11-27
8. GOLDMAN SACHS GROUP INC COM   2023-01-01 2024-11-27
72. HALOZYME THERAPEUTICS INC   2023-01-01 2024-11-27
25. HOWMET AEROPASCE INC   2024-01-01 2024-11-27
10. INTERNATIONAL BUSINES MACH CORP COM   2024-01-01 2024-11-27
8. INTUIT INC   2023-01-01 2024-11-27
5. INTUITIVE SURGICAL INC   2024-01-01 2024-11-27
9. JPMORGAN CHASE & CO   2023-01-01 2024-11-27
1. MARTIN MARIETTA MATERIALS INC COM   2023-01-01 2024-11-27
5. MASTERCARD INC CL A   2023-01-01 2024-11-27
10. MCDONALDS CORP   2023-01-01 2024-11-27
38. MERCK & CO INC   2023-01-01 2024-11-27
4. MICROSOFT CORP   2023-01-01 2024-11-27
5. NETFLIX INC   2024-01-01 2024-11-27
873. ONTO INNOVATION INC COM   2023-01-01 2024-11-27
5. PARKER-HANNIFIN CORP COM   2024-01-01 2024-11-27
24. PEPSICO INC   2023-01-01 2024-11-27
4. SERVICENOW INC COM   2024-01-01 2024-11-27
11. SHERWIN-WILLIAMS CO   2023-01-01 2024-11-27
36. SOUTHERN COMPANY   2023-01-01 2024-11-27
11. STRYKER CORPORATION   2023-01-01 2024-11-27
6. SYNOPSYS INC   2024-01-01 2024-11-27
25. TJX COS INC   2024-01-01 2024-11-27
11. TRACTOR SUPPLY CO   2023-01-01 2024-11-27
7. UNITEDHEALTH GROUP INC   2023-01-01 2024-11-27
17. ZOETIS INC   2023-01-01 2024-11-27
5. EATON CORPORATION PLC   2024-01-01 2024-11-27
4. LINDE PLC   2023-01-01 2024-11-27
270. UNITEDHEALTH GROUP INC   2023-01-01 2024-12-19
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,414   4,095 319
b 4,405   1,602 2,803
c 4,439   2,289 2,150
d 4,361   3,200 1,161
e 4,365   573 3,792
4,444   3,703 741
3,562   2,260 1,302
4,381   3,985 396
4,448   3,145 1,303
4,435   4,392 43
4,165   2,789 1,376
4,554   4,319 235
4,376   3,198 1,178
4,391   4,786 -395
4,184   3,448 736
4,508   4,202 306
4,385   4,516 -131
4,289   3,567 722
4,373   4,275 98
4,289   2,031 2,258
4,378   3,020 1,358
4,115   2,885 1,230
4,339   39 4,300
4,397   9,055 -4,658
4,490   3,191 1,299
4,335   1,912 2,423
4,465   3,584 881
4,391   74 4,317
4,337   1,074 3,263
4,404   5,164 -760
4,641   1,443 3,198
4,099   3,889 210
4,321   2,010 2,311
4,316   1,825 2,491
4,359   2,266 2,093
4,474   4,082 392
4,258   3,880 378
4,391   1,846 2,545
4,393   2,861 1,532
4,536   4,817 -281
4,401   3,843 558
4,110   3,880 230
4,277   4,587 -310
4,333   3,716 617
4,342   1,904 2,438
4,477   3,577 900
104,124   96,001 8,123
38,660   71,602 -32,942
141,794   76,269 65,525
29,239   12,374 16,865
42,690   43,746 -1,056
104,230   98,573 5,657
54,052   83,245 -29,193
125,975   1,228 124,747
138,279   23,804 114,475
90,064   93,702 -3,638
120,898   100,460 20,438
97,939   92,890 5,049
58,087   94,589 -36,502
198,058   96,136 101,922
75,000   75,000  
147,225   19,386 127,839
3,078   961 2,117
3,110   1,184 1,926
3,026   3,374 -348
2,567   1,245 1,322
3,252   2,905 347
470   50 420
3,263   1,743 1,520
5,176   2,260 2,916
2,251   1,384 867
3,054   1,858 1,196
3,044   2,595 449
4,973   2,192 2,781
3,878   1,923 1,955
1,326   1,196 130
2,291   1,254 1,037
4,831   2,801 2,030
3,439   2,540 899
2,919   2,082 837
2,285   2,135 150
5,102   2,321 2,781
2,706   1,898 808
2,254   1,045 1,209
598   355 243
2,651   956 1,695
2,965   2,389 576
3,847   76 3,771
1,709   390 1,319
4,354   3,234 1,120
143,454   64,995 78,459
3,537   2,650 887
3,892   1,685 2,207
4,271   2,721 1,550
4,365   3,049 1,316
3,203   1,038 2,165
4,276   2,248 2,028
3,312   3,211 101
3,154   2,813 341
3,102   2,225 877
4,239   3,395 844
2,988   2,746 242
1,889   1,252 637
1,821   1,301 520
135,018   130,964 4,054
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       319
b       2,803
c       2,150
d       1,161
e       3,792
      741
      1,302
      396
      1,303
      43
      1,376
      235
      1,178
      -395
      736
      306
      -131
      722
      98
      2,258
      1,358
      1,230
      4,300
      -4,658
      1,299
      2,423
      881
      4,317
      3,263
      -760
      3,198
      210
      2,311
      2,491
      2,093
      392
      378
      2,545
      1,532
      -281
      558
      230
      -310
      617
      2,438
      900
      8,123
      -32,942
      65,525
      16,865
      -1,056
      5,657
      -29,193
      124,747
      114,475
      -3,638
      20,438
      5,049
      -36,502
      101,922
       
      127,839
      2,117
      1,926
      -348
      1,322
      347
      420
      1,520
      2,916
      867
      1,196
      449
      2,781
      1,955
      130
      1,037
      2,030
      899
      837
      150
      2,781
      808
      1,209
      243
      1,695
      576
      3,771
      1,319
      1,120
      78,459
      887
      2,207
      1,550
      1,316
      2,165
      2,028
      101
      341
      877
      844
      242
      637
      520
      4,054
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 672,958
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 10,245
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 10,245
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,245
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 5,120
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,120
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 5,125
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowGOODWIN PROCTER LLP Telephone no.right arrow (617) 570-1355

Located atright arrow100 NORTHERN AVENUEBOSTONMA ZIP+4right arrow02210
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
REGINA M PISA TRUSTEE
1 		25,000    
100 NORTHERN AVEN
BOSTON,MA02210
MARTIN F CONNORS JR TRUSTEE
5 		20,000    
170 JAMESTOWN ROAD
LEOMINSTER,MA01453
ANDRE GELINAS TRUSTEE
5 		20,000    
100 NORTHERN AVEN
BOSTON,MA02210
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
8,857,307
b
Average of monthly cash balances.......................
1b
105,538
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
8,962,845
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
105,538
3
Subtract line 2 from line 1d.........................
3
8,857,307
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
132,860
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,724,447
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
436,222
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
436,222
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
10,245
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
10,245
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
425,977
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
425,977
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
425,977
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
582,445
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
582,445
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 425,977
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 36,769
b From 2020...... 112,894
c From 2021...... 129,063
d From 2022...... 245,397
e From 2023...... 179,687
f Total of lines 3a through e ........ 703,810
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 582,445
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 425,977
e Remaining amount distributed out of corpus 156,468
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 860,278
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		36,769
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		823,509
10 Analysis of line 9:
a Excess from 2020.... 112,894
b Excess from 2021.... 129,063
c Excess from 2022.... 245,397
d Excess from 2023.... 179,687
e Excess from 2024.... 156,468
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
LUCIA B THOMPSON
GOODWIN PROCTER 100 NORTHERN AVENUE
BOSTON,MA02210
(617) 570-1355
LTHOMPSON@GOODWINLAW.COM
bThe form in which applications should be submitted and information and materials they should include:
NO SET FORM FOR APPLICATION. APPLICATION SHOULD CONTAIN A CONCISE STATEMENT OF THE PURPOSE FOR WHICH THE GRANT IS SOUGHT. IF POSSIBLE, ALL MATERIALS SHOULD BE SUBMITTED ELEC
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

HABITAT FOR HUMANITY

637 LANCASTER STREET
LEOMINSTER,MA01453 		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000

NORTHSTAR FAMILY SERVICES INC

758 MAIN STREET
LEOMINSTER,MA01453 		NONE PUBLIC CHARITY GENERAL SUPPORT 120,000

UMASS MEMORIAL HEALTH

60 HOSPITAL ROAD
LEOMINSTER,MA01453 		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000

NEWVUE COMMUNITIES

470 MAIN STREET
FITCHBURG,MA01420 		NONE PUBLIC CHARITY GENERAL SUPPORT 50,000

COMMUNITY HEALTH CONNECTIONS

326 NICHOLS ROAD
FITCHBURG,MA01420 		NONE PUBLIC CHARITY GENERAL SUPPORT 29,000

EASTER SEALS

89 SOUTH STREET 1ST STREET
BOSTON,MA02111 		NONE PUBLIC CHARITY GENERAL SUPPORT 15,000

VIRGINIA THURSTON'S HEALING GARDEN

145 BOLTON ROAD
HARVARD,MA01451 		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000

GINNY'S HELPING HANDS

52 MECHANIC STREET
LEOMINSTER,MA01453 		NONE PUBLIC CHARITY GENERAL SUPPORT 35,000

FITCHBURG PUBLIC LIBRARY

649 JOHN FITCH HIGHWAY
FITCHBURG,MA01420 		NONE PUBLIC CHARITY GENERAL SUPPORT 20,000

FITCHBURG HISTORICAL SOCIETY

50 GROVE STREET
FITCHBURG,MA01420 		NONE PUBLIC CHARITY GENERAL SUPPORT 20,000

APPLE WILD SCHOOL

120 PROSPECT STREET
FITCHBURG,MA01420 		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000

FITCHBURG STATE UNIVERSITY

160 PEARL STREET
FITCHBURG,MA01420 		NONE PUBLIC CHARITY GENERAL SUPPORT 100,000

YMCA OF CENTRAL MASSACHUSETTS

766 MAIN STREET
WORCESTER,MA01608 		NONE PUBLIC CHARITY GENERAL SUPPORT 50,000

GROTON HILL MUSIC

122 OLD AYER ROAD
GROTON,MA01450 		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000

MWCC FOUNDATION INC

444 GREEN STREET
GARDNER,MA01440 		NONE PUBLIC CHARITY GENERAL SUPPORT 15,000

ST BERNARD'S HIGH SCHOOL

45 HARVARD STREET
FITCHBURG,MA01420 		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000

YWCA CENTRAL MASSACHUSETTS

1 SALEM SQUARE
WORCESTER,MA01608 		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
Total .................................right arrow 3a 529,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 142,974  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 672,958  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   815,932  
13Total. Add line 12, columns (b), (d), and (e)..................
13
815,932
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 InvestmentsCorpBondsSchedule
Name:
GEORGE R WALLACE FOUNDATION
EIN:
04-6130518
Name of Bond End of Year Book Value End of Year Fair Market Value
BURLINGTON NORTHERN SANTA FE 0    
HONEYWELL INTL INC 11/01/24    
JP MORGAN CHASE & CO 01/23/25 64,549 64,938
EXXON MOBIL CORP 03/06825 64,300 64,793
CATERPILLAR FINL SVCS MTNS BE 65,011 64,739
GOLDMAN SACHS GROUP INC 05/22/ 60,083 59,780
LOWES COS INC 04/15/26 58,166 58,453
WELLS FARGO & CO 04/22/26 57,812 58,688
TOYOTA MTR CR CORP SER B 01/11 58,918 58,414
VERIZON COMMUNICATIONS INC 03/ 60,286 59,323
GENERAL DYNAMICS CORP NOTE 05/ 59,860 58,231
COMCAST CORP 10/15/28 60,261 58,514
BANK OF AMERICA CORP SER B 12/ 57,855 57,526
INTEL CORP 11/15/29 54,114 52,660
UNITED HEALTH GROUP INC 54,025 51,019
BERKSHIRE HATHAWAY FIN CORP 03 58,956 56,943
TARGET CORP 09/15/32 50,055 48,332
UNITED PARCEL SVCS INC NOTE 62,825 59,871

TY 2024 InvestmentsCorpStockSchedule
Name:
GEORGE R WALLACE FOUNDATION
EIN:
04-6130518
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBVIE INC COM    
ACCENTURE PLC CL A    
ALPHABET INC CL C 90,325 243,192
AMAZON.COM 95,629 187,798
AMPHENOL CORP CL A 102,235 199,669
APPLE INC 41,695 419,454
BOOKING HOLDINGS INC 84,666 188,800
BROADRIDGE FINANCIAL SOLUTION 95,068 150,350
CINTAS CORP 109,902 191,835
CME GROUP INC 92,860 107,987
COSTCO WHOLESALE CORP 103,369 196,998
DEERE & CO    
DOUBLEVERIFY HLDGS INC    
EOG RESOURCES INC 152,065 156,290
GOLDMAN SACHS GROUP INC 83,780 137,429
HOME DEPOT INC    
HONEYWELL INTERNATIONAL INC    
INTUIT INC 73,364 147,698
JOHNSON & JOHNSON    
JP MORGAN CHASE & CO 96,985 200,158
ESTEE LAUDER COMPANIES INC    
MARTIN MARIETTA MATERIALS INC 122,068 180,775
MASTERCARD INC CL A 103,252 255,386
MCDONALD S CORP 101,546 123,203
MERCK & CO 2,415 119,376
MICROSOFT CORP 101,412 358,275
NIKE INC CL B    
NVIDIA CORP 41,928 312,224
PEPSICO INC 66,681 144,457
QUALCOMM IN    
SHERWIN WILLIAMS CO 117,923 152,969
SOUTHERN CO 74,926 176,988
STRYKER CORP 70,577 117,016
TRACTOR SUPPLY CO 95,065 124,691
VEEVA SYSTEMS INC    
ZOETIS INC 98,549 99,387
ARISTA NETWORKS 72,968 148,110
BOSTON SCIENTIFIC CORP 113,153 165,242
META PLATFORMS INC CLASS A 112,834 210,784
HALOZYME THERAPEUTICS INC 109,368 148,211
OREILLY AUTOMOTIVE IN 137,258 166,012
ONTO INNOVATION INC    
SERVICENOW INC COM 71,434 111,313
SYNOPSYS INC 72,255 65,524
UNITEDHEALTH GROUP INC    
LINDE INC COM 114,790 140,254
EATON CORPORATION 102,644 136,067
AMGEN INC 127,003 107,905
ANALOG DEVICES INC COM 98,761 108,355
BAKER HUGHES COMPANY CL A 155,754 147,672
DELL TECHNOLOGIES INC CL C 118,885 115,240
HOWMET AEROSPACE INC COM 120,727 158,587
INTERNATIONAL BUS MACH COR COM 149,457 153,881
INTUITIVE SURGICAL INC 102,475 140,929
NETFLIX INC 119,662 164,894
PARKER-HANNIFIN CORP COM 137,797 165,368
SHOPFY INC COM NPV CL A 156,337 148,862
TJX COMPANIES INC 118,157 126,851

TY 2024 InvestmentsGovtObligationsSch
Name:
GEORGE R WALLACE FOUNDATION
EIN:
04-6130518
US Government Securities - End of Year Book Value:

687,301
US Government Securities - End of Year Fair Market Value:

676,034
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2024 LegalFeesSchedule
Name:
GEORGE R WALLACE FOUNDATION
EIN:
04-6130518
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GOODWIN PROCTER LLP 32,046 14,221   17,625


TY 2024 OtherDecreasesSchedule
Name:
GEORGE R WALLACE FOUNDATION
EIN:
04-6130518
Description Amount
FED HERMES POSTED 25 TAXED IN 24 646
OTHER BOOK TO TAX ADJUSTMENTS 648


TY 2024 OtherExpensesSchedule
Name:
GEORGE R WALLACE FOUNDATION
EIN:
04-6130518
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MA PC FILING FEE 70 0   70
BANK FEES 181 181   0


TY 2024 OtherIncreasesSchedule
Name:
GEORGE R WALLACE FOUNDATION
EIN:
04-6130518
Description Amount
FED HERMES POSTED 24 TAXED IN 23 511


TY 2024 OtherProfessionalFeesSchedule
Name:
GEORGE R WALLACE FOUNDATION
EIN:
04-6130518
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FIDELITY ADVISORY FEE 35,233 35,233