Wallace Global Fund to Spend Itself to Zero, Putting Its Entire Endowment Behind Movements as It Challenges Philanthropy to Pay Out More to Meet This Moment

The Wallace Global Fund is accelerating its spend-out strategy in response to rising threats to U.S. democracy and is urging philanthropy to increase payouts, fund movements, and align investments with mission objectives. The release provides no financial spending magnitude or timeline, limiting direct market relevance.