Grace Charity Foundation Inc
Grace Charity Foundation Inc. is a private foundation based in Randolph, New Jersey. Its 2025 filing reports grants to religious and charitable organizations, including churches, a religious mission, and organizations working in areas such as the arts, family services, and children’s needs.
Grace Charity Foundation Inc at a glance
In short: Grace Charity Foundation Inc gave $295K across 49 grants in 2025 (avg $6K), top state New Jersey. 37% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $295,018
- +28.8% vs 2024
- Grants made (2025)
- 49
- -5.8% vs 2024
- Average grant
- $6,021
- +36.7% vs 2024
- Median grant
- $3,300
- Total assets
- $5,226,105
- +13.6% vs 2024
- New grantees (estimate)
- 37% first-time grantees (18 of 49, 2025)
- Primary geography
- New Jersey (41% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Grace Charity Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 11 Edgewood Terrace, Randolph, NJ 07869
Phone: (201) 232-5599
Website: https://gracecfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Grace Charity Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Sebit Church ($25K). Together the top 10 received $172K.
Grant Size Distribution
236 grants across all recorded years
The most common grant size was under $50K: 234 grants of 236 (99%).
Geographic Focus
Where this funder awards grants
In 2025, recipients in New Jersey received 41% of grant dollars, those in New York received 36%, and those in California received 15%. Maryland and Pennsylvania each received 3%.
Grant Distribution by State
Share of 2025 grant dollars across all 49 itemized grants.
States
Cities
Is Grace Charity Foundation Inc open to new grantees?
37%
first-time grantees, 2025
In 2025, 18 of 49 grantees (37%) were first-time recipients. First grants averaged $5K; repeat grants $7K. How we count
Medians: $4K first-time, $3K repeat.
- 49% of 2025 grantees were also funded in 2024. Method
- Giving grew 37% from 2022 to 2025. Method
- In 2025 it paid out 116% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $150K (2021) to $494K (2023). In 2025 it made 49 grants totaling $295K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sebit Church Warren, NJ | Religious | $25,000 |
| Waterfall Arts Foundation New York, NY | Charitable | $25,000 |
| America Wheat Mission Teaneck, NJ | Religious Missionary | $22,100 |
| AHL Foundation New York, NY | Charitable | $20,000 |
| HGU USA Foundation Irvine, CA | Charitable | $20,000 |
| Discovery Society New York, NY | Charitable | $15,000 |
| Awca Teaneck, NJ | Charitable | $13,300 |
| Family Touch Leonia, NJ | Religious | $13,000 |
| Kasf Nerc New York, NY | Charitable | $10,000 |
| The Gethsemane Church of New York East Meadow, NY | Religious | $9,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,226,105 | $1,056,801 | $434,665 | $295,018 | 49 | $318,912 | $941,475 | $274,178 |
| 2024 | $4,602,159 | $646,157 | $421,682 | $229,011 | 52 | $250,236 | $475,137 | $285,968 |
| 2023 | $5,127,070 | $38,270 | $718,979 | $494,469 | 65 | $518,823 | — | $283,153 |
| 2022 | $5,807,523 | $-373,060 | $371,244 | $215,455 | 38 | $225,563 | — | $307,390 |
| 2021 | $6,548,966 | $580,533 | $278,809 | $149,941 | 32 | $150,706 | $452,554 | $342,882 |
| 2020 | $6,246,821 | $889,490 | $268,816 | $150,858 | 39 | — | $773,622 | $288,117 |
Under IRS private-foundation payout rules, Grace Charity Foundation Inc reported a distributable amount of $274K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The available information does not state the foundation’s own mission. Its 2025 grants include recipients identified as religious or charitable, as well as organizations whose work spans several fields. For example, America Wheat Mission describes its mission as caring for and supporting disabled persons under the name of Jesus. Ahl Foundation says it promotes Korean and Korean-American artists through awards, grants, fellowships, exhibitions, public commissions, and educational activities. Family Touch describes its work as strengthening families through family-life education and counseling, while Global Children Foundation says it assists children needing food, education, and medical attention.
Grantmaking
In 2025, the foundation made 49 grants totaling $295,018. Grants ranged from $450 to $25,000, with a median of $3,300. Among its largest grants were $25,000 to Sebit Church and $25,000 to Waterfall Arts Foundation; $22,100 to America Wheat Mission; and $20,000 each to Ahl Foundation and HGU USA Foundation. Other notable grants included $15,000 to Discovery Society, $13,300 to AWCA, and $13,000 to Family Touch.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Jinsoo Kim as president and Seong Kim and Stephen Kim as directors.
Grace Charity Foundation Inc is led by Jinsoo Kim, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jinsoo Kim
President
On filings since 2020
4 hrs/week
No compensation reported
Seong Kim
Director
On filings since 2020
1 hr/week
No compensation reported
Stephen Kim
Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Charity Foundation Inc
How much does Grace Charity Foundation Inc give each year?
Grace Charity Foundation Inc gave $295K across 49 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $229K across 52 grants.
What is Grace Charity Foundation Inc's typical grant size?
Grace Charity Foundation Inc's median grant in 2025 was $3,300, and its average grant was $6,021, across 49 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Grace Charity Foundation Inc that year got $5K on average.
Where does Grace Charity Foundation Inc give grants?
Grace Charity Foundation Inc's top state is New Jersey, with 41% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New York (36%) and California (15%). The most frequent recipient cities were New York, NY (5 grants), Randolph, NJ (5 grants), Flushing, NY (3 grants) and Teaneck, NJ (2 grants).
Does Grace Charity Foundation Inc give general operating support?
Not in 2025: none of the 49 grants with a stated purpose on Grace Charity Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (28 grants) and "Religious" (20 grants).
Who are Grace Charity Foundation Inc's largest grantees?
Grace Charity Foundation Inc's largest 2025 grantees include Sebit Church ($25,000), Waterfall Arts Foundation ($25,000) and America Wheat Mission ($22,100), according to its 2025 IRS Form 990-PF. Together they received 24% of its itemized 2025 grant dollars.
How large is Grace Charity Foundation Inc?
Grace Charity Foundation Inc reported $5.2M in total assets on its 2025 IRS Form 990-PF. It paid out $319K in qualifying distributions that year, against a required minimum of $274K (roughly 5% of its investment assets).
What does Grace Charity Foundation Inc fund?
The available information does not state the foundation’s own mission. Its 2025 grants include recipients identified as religious or charitable, as well as organizations whose work spans several fields. See mission & focus areas ↑
How do I apply for a grant from Grace Charity Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Grace Charity Foundation Inc's EIN?
Grace Charity Foundation Inc's EIN (Employer Identification Number) is 20-8080868. IRS Form 990 filing data is available on this page for 2020–2025.
Does Grace Charity Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
Explore Open Grants
Browse active grant opportunities in Grace Charity Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Grace Charity Foundation Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/grace-charity-foundation-inc-morg_1a8a53eedab448dd876d24dd1ba727b8
BibTeX
@misc{grantable_208080868_2026,
author = {{Grantable}},
title = {{Grace Charity Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/grace-charity-foundation-inc-morg_1a8a53eedab448dd876d24dd1ba727b8},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Grace Charity Foundation Inc'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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