Grace Foundation 210036
Grace Foundation 210036 is a private foundation, based in Ames, IA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $749K in total assets. In 2025, it awarded 5 grants totaling $55K. Net investment income was $56K.
Grace Foundation 210036 at a glance
In short: Grace Foundation 210036 gave $55K across 5 grants in 2025 (avg $11K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $54,700
- +0.4% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $10,940
- +0.4% vs 2024
- Median grant
- $6,000
- Total assets
- $749,430
- -2.2% vs 2024
- Primary geography
- Kentucky (54% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Grace Foundation 210036 funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Asbury Theological Seminary ($29K). Together the top 5 received $55K.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 34 grants of 34 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Grace Foundation 210036 gives
- Giving held roughly steady from 2022 to 2025 (−10%). Method
- In 2025 it paid out 91% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $55K (2024) to $61K (2022). In 2025 it made 5 grants totaling $55K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Asbury Theological Seminary Wilmore, KY | Program Support | $29,420 |
| SW Baptist Theological Seminary Fort Worth, TX | Program Support | $11,280 |
| Fuller Theological Seminary Pasadena, CA | Program Support | $6,000 |
| Graduate Theological Union Berkeley, CA | Program Support | $4,000 |
| Regent University Virginia Beach, VA | Program Support | $4,000 |
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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 | $749,430 | $56,267 | $72,774 | $54,700 | 5 | $55,711 | $55,930 | $61,205 |
| 2024 | $765,937 | $132,707 | $67,404 | $54,500 | 5 | $66,864 | $131,884 | $56,921 |
| 2023 | $700,634 | $24,383 | $71,788 | $55,137 | 7 | $59,754 | $15,179 | $55,960 |
| 2022 | $748,039 | $61,862 | $78,635 | $60,724 | 8 | $63,021 | $49,510 | $63,547 |
| 2021 | $764,812 | $156,066 | $72,442 | $56,000 | 9 | — | $144,198 | $59,930 |
Under IRS private-foundation payout rules, Grace Foundation 210036 reported a distributable amount of $61K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Grace Foundation 210036 is led by George Chan, Chairman & Treasurer since 2025 (on filings since 2021); none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
George Chan
Chairman & Treasurer
Secretary → Chairman, 2023
Chairman → Chairman & Treasurer, 2025
On filings since 2021
3 hrs/week
No compensation reported
Abigail Hawkins
Trustee
On filings since 2021
1 hr/week
No compensation reported
Christina Chan
Trustee
On filings since 2021
1 hr/week
No compensation reported
Lis Yeun
Trustee
On filings since 2021
1 hr/week
No compensation reported
Ming Chan
Trustee
On filings since 2021
1 hr/week
No compensation reported
Danny Chan
Trustee
On filings since 2024
1 hr/week
No compensation reported
Trey Hawkins
Secretary
Chairman → Secretary, 2023
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: William E. Blodgett (2021–2024) — Treasurer
Data from IRS Form 990 filings, 2021–2025. "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 Foundation 210036
How much does Grace Foundation 210036 give each year?
Grace Foundation 210036 gave $55K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $55K across 5 grants.
What is Grace Foundation 210036's typical grant size?
Grace Foundation 210036's median grant in 2025 was $6,000, and its average grant was $10,940, across 5 grants on its 2025 IRS Form 990-PF.
Where does Grace Foundation 210036 give grants?
Grace Foundation 210036 gives mostly in Kentucky: 54% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Texas (21%) and California (18%).
Does Grace Foundation 210036 give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Grace Foundation 210036's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (5 grants).
Who are Grace Foundation 210036's largest grantees?
Grace Foundation 210036's largest 2025 grantees include Asbury Theological Seminary ($29,420), SW Baptist Theological Seminary ($11,280) and Fuller Theological Seminary ($6,000), according to its 2025 IRS Form 990-PF. Together they received 85% of its itemized 2025 grant dollars.
How large is Grace Foundation 210036?
Grace Foundation 210036 reported $749K in total assets on its 2025 IRS Form 990-PF. It paid out $56K in qualifying distributions that year, against a required minimum of $61K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Grace Foundation 210036's EIN?
Grace Foundation 210036's EIN (Employer Identification Number) is 23-7294779. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 10, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 6, 2024)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
- IRS filings on file for fiscal years 2021–2024
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