Wallace V. Pontiff Jr. Foundation

The Wallace V. Pontiff Jr. Foundation is a public charity based in Metairie, Louisiana, designated as a nonprofit organization under section 501(c)(3) of the Internal Revenue Code. It is classified under the category of Philanthropy, Voluntarism, and Grantmaking Foundations according to the National Taxonomy of Exempt Entities (NTEE).

Mission and Activities

The mission of the Wallace V. Pontiff Jr. Foundation is to provide financial support to various charitable organizations as stated in its articles of organization. The foundation focuses on supporting charitable causes by offering grants, aligning with its goal to aid and assist other nonprofit entities.

Financial Overview

The foundation's revenue and expenses vary annually, often derived from investment income and grants. In recent years, total assets have ranged between $626,081 and $724,214, with no reported liabilities[1][2]. The foundation also engages in fundraising activities, with a notable focus on investments[2]. In 2023, it issued $12,000 in grants[4].

Governance

The foundation is managed by a board of trustees that includes Haley T. Pontiff, Wallace V. Pontiff Sr., and Theresa B. Pontiff, none of whom receive compensation for their roles[1][2]. This governance structure reflects the organization's commitment to volunteer-based leadership and charitable mission.

Grantees

Notable grantees include the Tiger Athletic Foundation, which received a grant of $102,000 in 2022[2]. This reflects the foundation's diversity in supporting various types of charitable organizations.

The Wallace V. Pontiff Jr. Foundation operates with a strategic approach to philanthropy, concentrating on providing resources to support the missions of other nonprofits. This role positions it as a key player in supporting charitable initiatives across different sectors.