The Fred and Alice Wallace Charitable Memorial Foundation was founded by Alice Wallace in August 1979. Fred and Alice were native Daytonians. Fred owned The Dayton Bond Company which was located in Dayton and Springfield, Ohio along with Richmond, Indiana. Fred sold The Dayton Bond Company to Greene and Ladd in the 1960’s and passed away in 1970. Following his death, Alice established the Foundation to honor Fred’s passing. It was her intent to establish this Foundation to provide aid in the areas of health and education in the Miami Valley.
Upon Alice Wallace’s passing in March 1996, the Foundation became fully funded with all of their estate.
In making the funding decisions, Alice instructed the Trustees to evaluate strategic planning, organizational stability, leadership, creativity, and vision, while leveraging resources and collaborative projects. It was her intent for the funds to contribute to the needs of as many members of the community as possible.
Under the leadership of Executive Director Jucelen Hochwalt, and the Trustees, J. R. Hochwalt, Doug Meyer, and Dick Wick, the Foundation continually contributes much needed support to recipients who have proven their significant and worthy causes.
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