Ace Group Foundation Inc
Ace Group Foundation Inc is a private foundation located in Lexington Park, Maryland. It supports charitable organizations that share its stated values of Integrity, Service, Stewardship, and Patriotism, with grants to organizations in Maryland and other states.
Ace Group Foundation Inc at a glance
In short: Ace Group Foundation Inc gave $12K across 10 grants in 2024 (avg $1K), mostly in Maryland. 40% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $11,950
- +19.5% vs 2023
- Grants made (2024)
- 10
- +42.9% vs 2023
- Average grant
- $1,195
- -16.4% vs 2023
- Median grant
- $1,000
- Total assets
- $17,793
- +28.1% vs 2023
- New grantees (estimate)
- 40% first-time grantees (4 of 10, 2024; small sample)
- Primary geography
- Maryland (62% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Ace Group Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. It does not describe an application process or required materials.
- Contact
Mailing address: 22299 Exploration Dr 400, Lexington Park, MD 20653-2055
Phone: (240) 572-0166
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Ace Group Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Tailhook Education Foundation ($3K). Together the top 10 received $12K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 25 grants of 25 (100%).
Geographic Focus
Where this funder awards grants
The foundation is based in Southern Maryland. In 2024, 62% of its grant dollars went to recipients in Maryland, 25% to California, 8% to Virginia, and 4% to Texas.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
Cities
Is Ace Group Foundation Inc open to new grantees?
40%
first-time grantees, 2024
In 2024, 4 of 10 grantees (40%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $738; repeat grants $2K. How we count
Medians: $500 first-time, $1K repeat.
- 60% of 2024 grantees were also funded in 2023. Method
- Giving grew 139% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $5K (2021) to $12K (2024). In 2024 it made 10 grants totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Tailhook Education Foundation San Diego, CA | To Support Scholarship Programs | $3,000 |
| 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 |
| 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 |
| Ava Group California, MD | To Support Assistance for Veterans and Their Families | $1,000 |
| Shop with a Cop Inc Leonardtown, MD | To support christmas shopping spree fund for underprivileged children | $1,000 |
| 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 |
| 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 |
| 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 |
| 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 |
Ready to take the next step with Ace Group Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $17,793 | $16,202 | $12,295 | $11,950 | 10 | $11,950 | $2 | $742 |
| 2023 | $13,886 | $15,002 | $10,361 | $10,000 | 7 | $10,000 | — | $660 |
| 2022 | $9,245 | $15,000 | $9,888 | $9,500 | 5 | $9,500 | — | $382 |
| 2021 | $4,133 | $10,000 | $5,867 | $5,000 | 3 | $5,000 | — | $94 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s stated mission is to make a meaningful impact in communities by resourcing nonprofits that share its values of Integrity, Service, Stewardship, and Patriotism. Its 2024 grants included support for scholarships, veterans and their families, education, youth, and mental health.
Among its 2024 grantees, Boundless Expectations describes its mission as providing educational services, educational therapy, and advocacy for children with learning disabilities, as well as teacher training for certified language therapy. Trails of Purpose describes its mission as supporting service members, first responders, and their families as they address the effects of trauma, transition, and trials related to their service.
Grantmaking
In 2024, the foundation made 10 grants totaling $11,950. Grant amounts ranged from $450 to $3,000, with a median grant of $1,000. Its largest 2024 grants included:
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Thomas Dunn as chairman/president; Erin Emery as vice chairman/vice president; Jodi Stanalonis as treasurer through September 2024; Makayla Mikesell as secretary; and Stanley W. Salamon, Joseph Gardiner, Rick Schutz, and Greg Velicer as directors. It lists Aaron Young as director and treasurer as of December 2024.
The foundation’s team page identifies Erin Emery as president, John Speredelozzi as vice president, Aaron Young as treasurer, and Makayla Mikesell as secretary. It also lists Brian Minerly, Rupan Talukder, and Tom Ganse among its board members.
Ace Group Foundation Inc is led by Thomas Dunn, Chairman & President since 2023 (on filings since 2020); none of the 9 officers listed in 2024 report compensation.
Officers on the 2024 filing
Thomas Dunn
Chairman & President
Secretary → Vice Chairman & Vice President, 2021
Vice Chairman & Vice President → Chairman & President, 2023
On filings since 2020
3.5 hrs/week
No compensation reported
Stanley W. Salamon
Director
Vice President → Director, 2021
On filings since 2020
0.7 hrs/week
No compensation reported
Greg Velicer
Director
On filings since 2021
0.7 hrs/week
No compensation reported
Joseph Gardiner
Director
On filings since 2021
0.7 hrs/week
No compensation reported
Rick Schutz
Director
On filings since 2021
0.7 hrs/week
No compensation reported
Aaron Young
Director & Treasurer
Director → Director & Treasurer, 2024
On filings since 2023
0.7 hrs/week
No compensation reported
Erin Emery
Vice Chairman & Vice President
Secretary → Vice Chairman & Vice President, 2023
On filings since 2021
0.7 hrs/week
No compensation reported
Jodi Stanalonis
Treasurer Up to Sept
Treasurer → Treasurer Up to Sept, 2024
On filings since 2021
0.7 hrs/week
No compensation reported
Makayla Mikesell
Secretary
On filings since 2023
0.7 hrs/week
No compensation reported
Former officers (3)
- Former: Michael McNellis (2020–2022) — Chairman & President
- Former: Lucille Winston (2021–2022) — Director
- Former: Katherine Evans (2020) — Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Ace Group Foundation Inc
How much does Ace Group Foundation Inc give each year?
Ace Group Foundation Inc gave $12K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10K across 7 grants.
What is Ace Group Foundation Inc's typical grant size?
Ace Group Foundation Inc's median grant in 2024 was $1,000, and its average grant was $1,195, across 10 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Ace Group Foundation Inc that year got $738 on average.
Where does Ace Group Foundation Inc give grants?
Ace Group Foundation Inc gives mostly in Maryland: 62% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were California (25%) and Virginia (8%). The most frequent recipient cities were Leonardtown, MD (2 grants) and California, MD (2 grants).
Does Ace Group Foundation Inc give general operating support?
Not in 2024: none of the 10 grants with a stated purpose on Ace Group Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
Who are Ace Group Foundation Inc's largest grantees?
Ace Group Foundation Inc's largest 2024 grantees include Tailhook Education Foundation ($3,000), Project Opportunity ($2,000) and Boundless Expectations ($1,500), according to its 2024 IRS Form 990-PF. Together they received 54% of its itemized 2024 grant dollars.
How large is Ace Group Foundation Inc?
Ace Group Foundation Inc reported $18K in total assets on its 2024 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $742 (roughly 5% of its investment assets).
What does Ace Group Foundation Inc fund?
The foundation’s stated mission is to make a meaningful impact in communities by resourcing nonprofits that share its values of Integrity, Service, Stewardship, and Patriotism. Its 2024 grants included support for scholarships, veterans and their families, education, youth, and mental health. See mission & focus areas ↑
How do I apply for a grant from Ace Group Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Ace Group Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Ace Group Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Castellano Family Foundation
Saratoga, CA
The Castellano Family Foundation has supported children and families in its community, veterans’ therapy services, and other local work; its 2024 grants ranged from $5,000 to $1,273,077, though the largest was an asset transfer. Its 2023 filing limited requests to Santa Clara County, with an exception for projects directly benefiting Latinos there, and described application materials on its website; that filing was marked final, so those instructions may not be current.
Assets
—
Grants
2
Total Given
$1.3M
San Diego District Attorney Investigators Foundation
San Diego, CA
Assets
—
Grants
3
Total Given
$2K
Shawnee Community Foundation
Shawnee, OK
To improve the quality of life in shawnee, Oklahoma.
Assets
$114K
Grants
4
Total Given
$60K
DLA Charitable Foundation
Parker, CO
Assets
$263K
Grants
5
Total Given
$20K
Kings Care Foundation
El Segundo, CA
KINGS CARE FOUNDATION funds charitable organizations and programs focused on wellness, sustainability, social advocacy, inclusion, and support for Los Angeles families. Its 2025 grants ranged from $10,000 to $415,000, with a median of $50,000, and went mainly to California organizations, with some support in North Carolina. The profile does not state whether it accepts unsolicited requests.
Assets
$555K
Grants
10
Total Given
$1.0M
Issa Foundation
Ann Arbor, MI
The foundation supports operating costs for charitable organizations, including Muslim community and religious groups and social-service organizations. Its 2024 grants ranged from $1,000 to $20,000, with a median of $2,500; 89% of grant dollars went to Michigan and 11% to Virginia. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$32K
Grants
11
Total Given
$48K
More similar funders
More Funders in Maryland
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Ace Group Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Ace Group Foundation Inc down — hundreds of funders to go?