Grace Cares Foundation

Private foundation · Grantmaker Spartanburg, SC EIN: 58-2421520

Grace Cares Foundation is a private foundation, based in Spartanburg, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $104K in total assets. In 2024, it awarded 4 grants totaling $280K. Net investment income was $2K.

Key facts about Grace Cares Foundation

In short: Grace Cares Foundation gave $280K across 4 grants in 2024 (avg $70K), mostly in South Carolina. Source: 2024 IRS Form 990-PF.

EIN
58-2421520
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$280,000
Grants made (2024)
4
Average grant
$70,000
Median grant
$70,000
Total assets
$103,502
Primary geography
South Carolina (50% of itemized 2024 grant dollars)

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$104K

-0.0% YoY

Annual Giving

$280K

+7.7% YoY

Grant Count

4

+0.0% YoY

Avg Grant Size

$70K

+7.7% YoY

Under IRS private-foundation payout rules, Grace Cares Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.

How Grace Cares Foundation gives

  • Giving grew 44% from 2021 to 2024. Method
  • In 2024 it paid out well above its IRS minimum distribution (the 5% rule). 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

Share of 2024 grant dollars across all 4 itemized grants.

Cities

GreenvilleCincinnatiBurnsville

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K2 grants2020 4 grants2021 4 grants2022 4 grants2023 4 grants2024

From 2020 to 2024, annual grant giving ranged from $120K (2020) to $300K (2022). In 2024 it made 4 grants totaling $280K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Restavek Freedom Foundation: $100KRestavek Freedom Foundation$100KSet Free: $100KSet Free$100KSwitch: $40KSwitch$40KVenture Expeditions: $40KVenture Expeditions$40K

The largest 2024 recipient was Restavek Freedom Foundation ($100K). Together the top 4 received $280K.

Grant Size Distribution

18 grants across all recorded years

6<$50K8$50–100K4$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 8 grants of 18 (44%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Restavek Freedom Foundation Cincinnati, OHCash contribution to assist in ending child slavery in haiti$100,000
Set Free Greenville, SCTo Help Stop Human Trafficking$100,000
Switch Greenville, SCCash Contribution Designated for General Fund Use$40,000
Venture Expeditions Burnsville, MNHuman Trafficking Prevention, Rescue and Restoration Efforts$40,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$103,502$103,548$132,669
Revenue$283,467$232,988$223,259
Expenses$283,513$262,109$300,841
Qualifying Distributions$280,000$260,000$300,000
Net Investment Income$2,361$678—
Distributable Amount$7,427$6,186$8,911

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Grace Cares Foundation is led by Mark E. Johnson, Chairman on every filing since 2020; none of the 8 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Mark E. Johnson

    Chairman

    On filings since 2020

    No compensation reported

  • Hugh H. Brantley

    Director

    On filings since 2020

    No compensation reported

  • Robert E. Caldwell Jr.

    Director

    On filings since 2020

    No compensation reported

  • Robert E. Caldwell Sr.

    Director

    On filings since 2020

    No compensation reported

  • Sylvia R. Caldwell

    Director

    On filings since 2020

    No compensation reported

  • Kathy C. Johnson

    Treasurer

    On filings since 2020

    No compensation reported

  • Sarah R. Caldwell

    Secretary

    On filings since 2020

    No compensation reported

  • T. Dodd Caldwell

    Vice Chairman

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "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 Grace Cares Foundation

How much does Grace Cares Foundation give each year?

Grace Cares Foundation gave $280K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $260K across 4 grants.

What is Grace Cares Foundation's typical grant size?

Grace Cares Foundation's median grant in 2024 was $70,000, and its average grant was $70,000, across 4 grants on its 2024 IRS Form 990-PF.

Where does Grace Cares Foundation give grants?

Grace Cares Foundation gives mostly in South Carolina: 50% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Ohio (36%) and Minnesota (14%). The most frequent recipient cities were Greenville, SC (2 grants).

Does Grace Cares Foundation give general operating support?

Yes: 25% of Grace Cares Foundation's 2024 grants with a stated purpose (1 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.

How large is Grace Cares Foundation?

Grace Cares Foundation reported $104K in total assets on its 2024 IRS Form 990-PF. It paid out $280K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).

What is Grace Cares Foundation's EIN?

Grace Cares Foundation's EIN (Employer Identification Number) is 58-2421520. IRS Form 990 filing data is available on this page for 2020–2024.

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

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Grace Cares Foundation'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.

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