Ace Group Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEXINGTON PARK, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $18K in total assets. In 2024, it awarded 10 grants totaling $12K. Net investment income was $2.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18K
+28.1% YoY
Annual Giving
$12K
+19.5% YoY
Grant Count
10
+42.9% YoY
Avg Grant Size
$1K
-16.4% YoY
Under IRS private-foundation payout rules, Ace Group Foundation Inc reported a distributable amount of $742 for 2024 — the minimum it must pay out in qualifying distributions.
About Ace Group Foundation Inc
Based on IRS filings
Ace Group Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEXINGTON PARK, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $18K in total assets. In 2024, it awarded 10 grants totaling $12K. Net investment income was $2.
Focus Areas
Ready to take the next step with Ace Group Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,793 | $13,886 | $9,245 |
| Revenue | $16,202 | $15,002 | $15,000 |
| Expenses | $12,295 | $10,361 | $9,888 |
| Qualifying Distributions | $11,950 | $10,000 | $9,500 |
| Net Investment Income | $2 | — | — |
| Distributable Amount | $742 | $660 | $382 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Tailhook Education Foundation ($3,000), Project Opportunity ($2,000), Boundless Expectations ($1,500).
| Recipient | Purpose | Amount |
|---|---|---|
| AVA GROUP CALIFORNIA, MD | TO SUPPORT ASSISTANCE FOR VETERANS AND THEIR FAMILIES | $1,000 |
| PROJECT OPPORTUNITY SALISBURY, MD | TO SUPPORT TRADITIONAL EMPLOYMENT FOR VETERANS AND TO COMBAT THE HIGH VETERAN UNEMPLOYMENT RATE WITHIN THE STATE OF MARYLAND | $2,000 |
| SHOP WITH A COP INC LEONARDTOWN, MD | TO SUPPORT CHRISTMAS SHOPPING SPREE FUND FOR UNDERPRIVILEGED CHILDREN | $1,000 |
| TAILHOOK EDUCATION FOUNDATION SAN DIEGO, CA | TO SUPPORT SCHOLARSHIP PROGRAMS | $3,000 |
| ST MARY'S SCIENCE ENGINEERING FAIR BOARD CALIFORNIA, MD | TO ASSIST AND ENCOURAGE STUDENTS IN THE FIELDS OF SCIENCE AND ENGINEERING | $1,000 |
| TRAILS OF PURPOSE CHESAPEAKE, VA | TO SUPPORT SERVICE MEMBERS AND THEIR FAMILIES WITH MENTAL HEALTH | $1,000 |
| HOBY MARYLAND GERMANTOWN, MD | TO MOTIVATE AND EMPOWER INDIVIDUALS TO MAKE A POSITIVE DIFFERENCE WITHIN OUR GLOBAL SOCIETY THROUGH UNDERSTANDING AND ACTION BASED ON EFFECTIVE AND COMPASSIONATE LEADERSHIP. | $450 |
| IRREVERENT WARRIORS HARKER HEIGHTS, TX | TO SUPPORT AN AWARENESS WALK RAISING AWARENESS FOR THE MENTAL HEALTH AND WELL-BEING OF VETERANS AND SERVICE MEMBERS. | $500 |
| BOUNDLESS EXPECTATIONS LEONARDTOWN, MD | TO ASSIST IN CREATING EDUCATIONAL SOLUTIONS FOR STUDENTS WITH LEARNING DIFFERENCES, CHALLENGES OR DISABILITIES IN THE SOUTHERN MARYLAND COMMUNITY. | $1,500 |
| ELITE REGISTRY OF WORKING DOGS CHARLLOTE HALL, MD | TO SUPPORT THE TRAINING AND RAISING OF HIGHLY-SKILLED, CUSTOM TRAINED SERVICE DOGS AS COMPANIONS THAT ENHANCE THE QUALITY OF LIFE, INDEPENDENCE, SELF-SUFFICIENCY, AND CONIDENCE OF CHILDREN AND ADULTS WITH PHYSICAL OR EMOTIONAL LIMITATIONS. | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS DUNN | CHAIRMAN/PRESIDENT | 3.5 | — |
| ERIN EMERY | VICE CHAIRMAN/VICE PRESIDENT | 0.7 | — |
| JODI STANALONIS | TREASURER UP TO SEPT 2024 | 0.7 | — |
| MAKAYLA MIKESELL | SECRETARY | 0.7 | — |
| STANLEY W SALAMON | DIRECTOR | 0.7 | — |
| JOSEPH GARDINER | DIRECTOR | 0.7 | — |
| RICK SCHUTZ | DIRECTOR | 0.7 | — |
| GREG VELICER | DIRECTOR | 0.7 | — |
| AARON YOUNG | DIRECTOR/TREASURER AS OF DEC 2024 | 0.7 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ace Group Foundation Inc?
Ace Group Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEXINGTON PARK, MD. It holds $18K in total assets as of 2024.
How large is Ace Group Foundation Inc?
As of 2024, Ace Group Foundation Inc holds $18K in total assets with $16K in annual revenue. It awarded 10 grants totaling $12K in 2024.
Where does Ace Group Foundation Inc operate?
Ace Group Foundation Inc has awarded grants in California, Maryland, Texas, Virginia.
What size grants does Ace Group Foundation Inc award?
In 2024, Ace Group Foundation Inc awarded 10 grants totaling $12K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Ace Group Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ace Group Foundation Inc reported a distributable amount of $742 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ace Group Foundation Inc's EIN?
Ace Group Foundation Inc's EIN (Employer Identification Number) is 83-4631866. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Ace Group Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Abell Foundation Inc
BALTIMORE, MD
Assets
$296.4M
Grants
391
Total Given
$13.4M
Rotary Club of Columbia Patuxent
COLUMBIA, MD
Assets
$376K
Grants
1
Total Given
$12K
American Federation for Children Growth
COLUMBIA, MD
Assets
$9.4M
Grants
11
Total Given
$2.4M
Mayfield Scholastic Ltd
BALTIMORE, MD
Assets
—
Grants
1
Total Given
$38K
Baltimore Curriculum Project Inc
BALTIMORE, MD
Assets
$17.3M
Grants
6
Total Given
$2.7M
Government Employees' Benefit
HANOVER, MD
Assets
$3K
Grants
43
Total Given
$108K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Ace Group Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Ace Group Foundation Inc to a real strategy.