# Wallace Global Fund II

Wallace Global Fund II is an Endowment / Foundation based in Washington, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Washington, United States
- **Region:** North America
- **Address:** 2000 S St NW, Washington, DC 20009
- **Founded:** 1996
- **Assets under management:** $74 million (Altss estimate)
- **Website:** wgf.org
- **LinkedIn:** https://www.linkedin.com/company/wallace-global-fund

## Regulatory record

- **Reports private funds:** No

## About

The Wallace Global Fund is a private foundation established in 1996, deploying capital generated by Henry A. Wallace's founding of the Hi-Bred Corn Company. His grandson, H. Scott Wallace, serves as Co-Chair alongside great-grandson Scott Fitzmorris, anchoring family governance while professional staff run the mission. The fund blends grantmaking with a mission-aligned investment portfolio that spans venture capital, buyouts, and fund commitments. It has been an architect of the Divest-Invest movement, which pressures institutional holders to exit fossil fuels and redeploy into climate solutions. The portfolio engages across stages — from seed to late-stage expansion — and includes direct co-investments. Named geographies of focus include the United States and Europe. Altss estimates a $74 million endowment. The team operates from a single office in Washington, D.C., and does not disclose total deployment. February 2024 marked a leadership transition: Robby Rodriguez succeeded Ellen Dorsey, who had run the fund for 16 years and championed its shift toward activist investing. The fund co-founded Divest-Invest Philanthropy and holds memberships in Confluence Philanthropy and the Interfaith Center on Corporate Responsibility. The fund's structural differentiator is its hybrid identity — it operates simultaneously as a philanthropic grantmaker, a shareholder activist, and a direct investor in venture-stage companies. This triple mandate allows it to pressure public companies from the outside while building alternatives on the inside, a posture few foundations of its size can execute.

## Sectors

- ClimateTech
- AgriTech & FoodTech
- Energy Transition & Renewables
- Private Credit

## People

- Robby Rodriguez — Executive Director
- H. Scott Wallace — Co-Chair
- Scott Fitzmorris — Co-Chair

## Questions

### Who runs investment decisions at Wallace Global Fund?

The Executive Director, currently Robby Rodriguez as of February 2024, oversees the fund's combined grantmaking and investment strategy. Co-Chairs H. Scott Wallace and Scott Fitzmorris represent the founder's family in governance. The fund's small, focused team integrates investment decisions with its activist and advocacy mandates.

### How does Wallace Global Fund source proprietary deal flow?

The fund sources through deep networks in the impact and advocacy communities, specifically as a founding member of Divest-Invest Philanthropy and through memberships in Confluence Philanthropy and the Interfaith Center on Corporate Responsibility. These networks connect it to early-stage climate and social-justice ventures that align with its activist mission.

### Does Wallace Global Fund participate in fund commitments or only direct deals?

The fund does both. Its strategy includes fund-of-funds commitments and direct venture capital deals. It also engages in shareholder advocacy as an active owner, making it a participant in both the private and public market arenas, often with a climate or governance focus.

## Related profiles

- [Tinker Foundation](https://altss.com/profile/tinker-foundation)
- [The Poplar Foundation](https://altss.com/profile/the-poplar-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/wallace-global-fund-ii

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology