Grace & Joy Heritage Foundation
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
Share of all 1 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
The largest 2025 recipient was True Jesus Church ($60K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 5 grants of 6 (83%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| True Jesus Church Milpitas, CA | Donations | $60,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 12, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 29, 2026)
- 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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