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Lila Acheson Wallace

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Lila Bell Wallace was a prominent American magazine publisher and a dedicated philanthropist. A philanthropist is a person who gives large amounts of money to help others. She is most famous for co-founding the magazine Reader's Digest. This publication became a major part of American culture. For many years, it was the best-selling consumer magazine in the United States. Her work in publishing helped create significant wealth. She used this wealth to support many different causes and arts programs throughout her life.

Lila's early life involved moving between several different locations. She was born on December 25, 1889, in Virden, Manitoba, Canada. Her father was a Presbyterian minister. Because of his work, he moved the family to the United States when Lila was a child. She grew up in Marshall, Minnesota, and Lewistown, Illinois. These were places where her father served as a preacher. Her brother, Barclay Acheson, also became involved in the family's later work. He served as an editor for Reader's Digest and worked for the Near East Foundation.

Lila pursued a strong education before starting her career. She studied at Ward–Belmont College in Nashville, Tennessee. Later, she attended the University of Oregon in Eugene, Oregon. She graduated from that university in 1917. After her studies, she spent two years teaching at various schools. She also worked for the Young Women's Christian Association. These experiences helped prepare her for her future professional roles. In 1921, she married DeWitt Wallace in Pleasantville, New York.

The partnership between Lila and DeWitt Wallace changed the world of publishing. In 1922, they co-founded Reader's Digest. The magazine was a massive commercial success. It reached millions of people across the country. This success allowed Lila to engage in extensive philanthropic work. It is estimated that she contributed approximately $60 million to various causes during her lifetime. Her ability to manage both a business and her giving was quite remarkable.

One of Lila's most significant projects involved supporting classical music. In 1963, she helped establish the Metropolitan Opera National Company. This was a national touring company for the Metropolitan Opera. It allowed opera performances to reach many different people. Lila continued to provide support for this organization for several years. She remained a supporter until the Metropolitan Opera decided to disband the company. This happened at the conclusion of the 1966–1967 season.

Lila Wallace received many prestigious honors for her contributions to society. In 1966, she was given the Golden Plate Award by the American Academy of Achievement. On January 28, 1972, she received the Presidential Medal of Freedom. This medal was presented to her by President Richard Nixon. Even after her death, her influence continued to be recognized. In 1992, she was posthumously awarded the National Medal of Arts. This means the honor was given to her after she had passed away.

Her legacy lives on through various awards and foundations. From 1990 to 2000, the Lila Wallace Reader's Digest Writers Award was given in her memory. This award helped support the work of writers. Lila passed away from heart failure on May 8, 1984. She was 94 years old at the time of her death. She died in Mount Kisco, New York. Her life remains a notable example of how business success can be used to benefit the broader community through the arts and literature.

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