Grace & Joy Heritage Foundation

Private foundation · Grantmaker Milpitas, CA EIN: 47-5518505

Grace & Joy Heritage Foundation is a private foundation focused on Religion Related, based in Milpitas, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $671K in total assets. In 2025, it awarded 1 grant totaling $60K. Net investment income was $118K.

Key facts about Grace & Joy Heritage Foundation

In short: Grace & Joy Heritage Foundation gave $60K across 1 grant in 2025 (avg $60K), mostly in California. Source: 2025 IRS Form 990-PF.

EIN
47-5518505
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$60,000
Grants made (2025)
1
Average grant
$60,000
Median grant
$60,000
Total assets
$671,488
Primary geography
California (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$671K

-7.4% YoY

Annual Giving

$60K

+1614.3% YoY

Grant Count

1

-50.0% YoY

Avg Grant Size

$60K

+3328.6% YoY

How Grace & Joy Heritage Foundation gives

  • Giving grew 100% from 2022 to 2025. 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

2states

Share of all 1 itemized 2025 grant dollars.

Cities

MilpitasLakewoodLiberty Cor

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K1 grants20190 grants20201 grants20211 grants20221 grants20232 grants20241 grants2025

From 2019 to 2025, annual grant giving ranged from $4K (2024) to $60K (2025). In 2025 it made 1 grant totaling $60K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

True Jesus Church: $60KTrue Jesus Church$60K

The largest 2025 recipient was True Jesus Church ($60K).

Grant Size Distribution

6 grants across all recorded years

5<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 5 grants of 6 (83%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
True Jesus Church Milpitas, CADonations$60,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2019202020212022202320242025
Metric202520242023
Total Assets$671,488$725,319$766,702
Revenue$125,846$59,051$40,342
Expenses$181,061$98,952$171,745
Qualifying Distributions$173,287$91,524$165,089
Net Investment Income$118,072$51,623$16,599
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS August 12, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS May 29, 2026)
  3. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Grace & Joy Heritage Foundation is led by Joseph Y. Chen, President & CEO on every filing since 2019; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Joseph Y. Chen

    President & CEO

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Gracie L. Chen

    Secretary

    On filings since 2019

    2 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2019–2025. "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 Grace & Joy Heritage Foundation

How much does Grace & Joy Heritage Foundation give each year?

Grace & Joy Heritage Foundation gave $60K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4K across 2 grants.

How large is Grace & Joy Heritage Foundation?

Grace & Joy Heritage Foundation reported $671K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $126K.

What is Grace & Joy Heritage Foundation?

Grace & Joy Heritage Foundation is a private foundation focused on Religion Related, based in Milpitas, CA. It holds $671K in total assets as of 2025.

Where does Grace & Joy Heritage Foundation operate?

Grace & Joy Heritage Foundation has awarded grants in California, New Jersey.

What is Grace & Joy Heritage Foundation's EIN?

Grace & Joy Heritage Foundation's EIN (Employer Identification Number) is 47-5518505. IRS Form 990 filing data is available on this page for 2019–2025.

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

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