Lila Bell Wallace

Born Lila Bell Acheson in Virden, Manitoba, Canada, her father was a Presbyterian minister who brought his family to the United States when she was a child, and she grew up in Marshall, Minnesota, and Lewistown, Illinois, where her father preached. Her brother, Barclay Acheson, was an executive director of the Near East Foundation and served as an editor of Reader's Digest.

In 1917, she graduated from the University of Oregon, located in Eugene, Oregon, taught at schools for two years, and then worked for the Young Women's Christian Association. She also studied at Ward–Belmont College in Nashville, Tennessee.

In 1921, she married DeWitt Wallace in Pleasantville, New York. The couple co-founded the Reader's Digest magazine, with the first publication in 1922. For many years, Reader's Digest was the best-selling consumer magazine in the United States.

In her lifetime, she made philanthropic contributions estimated at $60 million. One of her major projects was the establishment of the Metropolitan Opera National Company, the national touring company of the Metropolitan Opera, in 1963. She continued to support the MONC until the Metropolitan Opera decided to disband the organization at the conclusion of the 1966–1967 season.