Gifts and Grace Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TRUSSVILLE, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 15 grants totaling $93K. Net investment income was $99K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.7M
+0.3% YoY
Annual Giving
$93K
+30.4% YoY
Grant Count
15
+25.0% YoY
Avg Grant Size
$6K
+4.3% YoY
Under IRS private-foundation payout rules, Gifts and Grace Inc reported a distributable amount of $90K for 2024 — the minimum it must pay out in qualifying distributions.
About Gifts and Grace Inc
Based on IRS filings
Gifts and Grace Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TRUSSVILLE, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 15 grants totaling $93K. Net investment income was $99K.
Focus Areas
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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 | $1,657,306 | $1,652,211 | $1,666,785 |
| Revenue | $108,675 | $68,783 | $9,619 |
| Expenses | $103,067 | $84,092 | $113,044 |
| Qualifying Distributions | $92,600 | $72,680 | $100,852 |
| Net Investment Income | $99,389 | $58,293 | $31,776 |
| Distributable Amount | $89,760 | $83,190 | $87,180 |
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
67 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Alabama ($32,000), Vestavia Hills United Methodist Church ($32,000), Greater Birmingham Humane Society ($5,100).
| Recipient | Purpose | Amount |
|---|---|---|
| ATEAM MINISTRIES - HEART 2 HEART GALA HOMEWOOD, AL | TO OFFER SPIRITUAL, EMOTIONAL, AND FINANCIAL SUPPORT TO CHILDREN AND THEIR FAMILIES WITHIN THE PEDIATRIC CANCER COMMUNITY | $500 |
| BIG OAK RANCH SPRINGVILLE, AL | CONTRIBUTIONS TO A CHRISTIAN HOME FOR CHILDREN NEEDING A CHANCE | $2,000 |
| BOY SCOUTS OF AMERICA BIRMINGHAM, AL | TO PREPARE YOUNG PEOPLE TO MAKE ETHICAL AND MORAL CHOICES OVER THEIR LIFETIMES BY INSTILLING IN THEM THE VALUES OF THE SCOUT OATH AND LAW | $5,000 |
| CAHABA RIVER SOCIETY BIRMINGHAM, AL | TO RESTORE AND PROTECT THE CAHABA RIVER WATERSHED AND IT RICH DIVERSITY OF LIFE | $2,000 |
| CHILDREN'S HOSPITAL OF ALABAMA BIRMINGHAM, AL | TO SUPPORT THE ACTIVITIES AND MISSION OF THE CHILDREN'S HOSPITAL OF ALABAMA (CHA) | $5,000 |
| CYSTIC FIBROSIS FOUNDATION BIRMINGHAM, AL | GENERAL OPERATING SUPPORT | $500 |
| GREATER BIRMINGHAM HUMANE SOCIETY BIRMINGHAM, AL | TO PROMOTE THE HUMANE TREATMENT OF PEOPLE AND ANIMALS THROUGH EDUCATION, ADVOCACY AND SERVICES. | $5,100 |
| GREENS CHAPEL CUMBERLAND PRESBYTERIAN CLEVELAND, AL | TO SUPPORT THE GENERAL OPERATIONS OF THE CONGREGATION | $2,000 |
| MITCHELL'S PLACE BIRMINGHAM, AL | TO PROVIDE COMPREHENSIVE, RESEARCH-BASED SERVICES FOR CHILDREN AND FAMILIES AFFECTED BY AUTISM SPECTRUM DISORDER AND OTHER DEVELOPMENTAL DISABILITIES | $1,000 |
| SAMARITAN'S PURSE BOONE, NC | GENERAL OPERATING SUPPORT | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLES K MCPHERSON JR | VICE PRESIDENT | 0.5 | — |
| CHARLES K MCPHERSON SR | PRESIDENT/SEC./TREAS. | 0.5 | — |
| DEBBIE CLOWDUS | DIRECTOR | 0.5 | — |
| JOHN T MCPHERSON | VICE PRESIDENT | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gifts and Grace Inc?
Gifts and Grace Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TRUSSVILLE, AL. It holds $1.7M in total assets as of 2024.
How large is Gifts and Grace Inc?
As of 2024, Gifts and Grace Inc holds $1.7M in total assets with $109K in annual revenue. It awarded 15 grants totaling $93K in 2024.
Where does Gifts and Grace Inc operate?
Gifts and Grace Inc has awarded grants in Alabama, Florida, North Carolina, Texas.
What size grants does Gifts and Grace Inc award?
In 2024, Gifts and Grace Inc awarded 15 grants totaling $93K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Gifts and Grace Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gifts and Grace Inc reported a distributable amount of $90K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gifts and Grace Inc's EIN?
Gifts and Grace Inc's EIN (Employer Identification Number) is 20-3195749. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gifts and Grace Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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