Brace Family Foundation Inc

Private foundation · Grantmaker Waynesville, NC EIN: 47-1949515

Brace Family Foundation Inc is a private foundation, based in Waynesville, NC. IRS filing data is available from 2019 through 2024. In 2024, it made $1K in qualifying distributions.

Key facts about Brace Family Foundation Inc

EIN
47-1949515
Latest 990 filing
Form 990-PF, 2024

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

Revenue

$1K

Qualifying Distributions

$1K

Expenses

$1K

+7768.4% YoY

How Brace Family Foundation Inc gives

  • Giving fell 31% from 2019 to 2022. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Cities

NorcrossSuwaneeWaynesvilleLawrencevilleColorado Springs

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K4 grants2019 3 grants2020 6 grants2021 6 grants2022 0 grants2023 0 grants2024

From 2019 to 2022, annual grant giving ranged from $40K (2020) to $149K (2019). In 2022 it made 6 grants totaling $102K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

15 grants across all recorded years

13<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 13 grants of 15 (87%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2019 2020 2021 2022 2023 2024
Metric202420232022
Total Assets——$19
Revenue$1,495—$-19,354
Expenses$1,495$19$105,717
Qualifying Distributions$1,495—$105,717
Net Investment Income——$1,457

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS June 5, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 9, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS September 27, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 10, 2025)
  7. IRS filings on file for fiscal years 2019–2024

Leadership & Key People

Officers and directors from IRS filings

Brace Family Foundation Inc is led by Gary L. Brace, President on every filing since 2019; none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Gary L. Brace

    President

    On filings since 2019

    1 hr/week

    No compensation reported

  • Craig R. Brace

    Secretary

    On filings since 2019

    1 hr/week

    No compensation reported

  • Derek W. Brace

    Treasurer

    On filings since 2019

    1 hr/week

    No compensation reported

  • Jessica L. Brace

    Vice President

    On filings since 2019

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2019–2024. "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 Brace Family Foundation Inc

Where does Brace Family Foundation Inc operate?

Brace Family Foundation Inc has awarded grants in Colorado, Georgia, North Carolina.

What is Brace Family Foundation Inc's EIN?

Brace Family Foundation Inc's EIN (Employer Identification Number) is 47-1949515. IRS Form 990 filing data is available on this page for 2019–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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