Foundation of the Heart
Foundation of the Heart is a public charity based in Colorado Springs, Colorado. It supports Christian worship, evangelism, and discipleship through activities at Bear Trap Ranch, and made grants totaling $720,500 in 2020. Its most recent filing on record is for 2020, with no filings since; the foundation appears to have wound down or stopped grantmaking.
Foundation of the Heart at a glance
- Latest 990 filing
- Form 990 filing, 2021 View filing
Data from IRS Form 990 filing, 2021; updated October 2026.
How to apply to Foundation of the Heart
- Contact
Mailing address: PO Box 51353, Colorado Springs, CO 80949
Phone: (719) 661-1244
Website: https://foundheart.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Foundation of the Heart funds
How this funder distributes its grants
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 7 grants of 10 (70%).
Geographic Focus
Where this funder awards grants
The filing says the churches, ministries, groups, and organizations served in 2020 came from the local county and throughout Colorado. The listed 2020 grants include recipients in Colorado Springs, Colorado, and Durham, North Carolina.
Grant Distribution by State
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 10 grants totaling $721K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Triangle Community Foundation Durham, NC | To Further Christian Ministry | $450,000 |
| Oakley Integrative Development Woodland Hills, CA | To Further Christian Ministry | $119,000 |
| Exponential Impact Colorado Springs, CO | To Further Christian Ministry | $100,000 |
| US Olympic and Paralympic Museum Colorado Springs, CO | To Further Christian Ministry | $20,000 |
| Parents Challenge Colorado Springs, CO | To Further Christian Ministry | $10,000 |
| Kingdom Foundation Lawrenceville, GA | To Further Christian Ministry | $10,000 |
| Engineering Ministries International Colorado Springs, CO | To Further Christian Ministry | $4,000 |
| Forge Evolution Colorado Springs, CO | To Further Christian Ministry | $2,500 |
| Pikes Peak United Way Colorado Springs, CO | To Further Christian Ministry | $2,500 |
| Cultural Office F the Pike Peak Region Colorado Springs, CO | To Further Christian Ministry | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2020 | $9,131,237 | $182,386 | $1,434,067 | $720,500 | 10 | $3,483 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The organization’s stated mission is to conduct Christian worship, Bible study, and prayer with partner churches, and to assist individuals from those churches through evangelism and discipleship. Its filing also says it facilitated opportunities for individuals to support various ministry activities.
The 2020 grants went to organizations with varied missions. For example, Triangle Community Foundation describes its mission as inspiring and mobilizing giving, leadership, and action. Exponential Impact says it develops entrepreneurs, with a focus on emerging technology and community impact. Engineering Ministries International USA says it develops people, designs structures, and constructs facilities serving communities and the church.
Grantmaking
In 2020, the foundation reported $720,500 in grants across 10 grants. Listed recipients included:
Leadership & Key People
Officers and directors from IRS filings
Foundation of the Heart is led by Matthew Dealy, CEO & President on the 2020 filing; 1 of 3 officers listed in 2020 is compensated.
Officers on the 2020 filing
The latest filing that lists officers: our copy of the 2021 filing lists none.
Matthew Dealy
CEO & President
New on the 2020 filing
30 hrs/week
$12K (2020)
Vance Brown
Chairman
New on the 2020 filing
10 hrs/week
No compensation reported
Pete Gannon
Secretary
New on the 2020 filing
10 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2020 IRS filing
The highest reported compensation on the 2020 filing was $12K, to Matthew Dealy (CEO and President).
Frequently asked questions about Foundation of the Heart
What does Foundation of the Heart fund?
The organization’s stated mission is to conduct Christian worship, Bible study, and prayer with partner churches, and to assist individuals from those churches through evangelism and discipleship. See mission & focus areas ↑
How do I apply for a grant from Foundation of the Heart?
Foundation of the Heart has no public application process in the sources Grantable reviewed. Check foundheart.org for current guidelines, or contact the foundation directly before submitting a request.
Where does Foundation of the Heart make grants?
The filing says the churches, ministries, groups, and organizations served in 2020 came from the local county and throughout Colorado. The listed 2020 grants include recipients in Colorado Springs, Colorado, and Durham, North Carolina.
What is Foundation of the Heart's EIN?
Foundation of the Heart's EIN (Employer Identification Number) is 84-1562020. IRS Form 990 filing data is available on this page for 2020–2021.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
- IRS filings on file for fiscal years 2020–2021
Live grants for the work Foundation of the Heart funds
Religion Related Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Foundation of the Heart's focus areas in our free grants database
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Foundation of the Heart'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.
Foundation of the Heart down — hundreds of funders to go?