Grace Foundation is a private foundation focused on Mutual/Membership Benefit, based in EXCELSIOR, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 1 grants totaling $15K. Net investment income was $96K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
+6.3% YoY
Annual Giving
$15K
+100.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$15K
+100.0% YoY
Under IRS private-foundation payout rules, Grace Foundation reported a distributable amount of $104K for 2024 — the minimum it must pay out in qualifying distributions.
About Grace Foundation
Based on IRS filings
Grace Foundation is a private foundation focused on Mutual/Membership Benefit, based in EXCELSIOR, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 1 grants totaling $15K. Net investment income was $96K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,389,120 | $1,307,124 | $1,269,098 |
| Revenue | $117,699 | $70,236 | $84,452 |
| Expenses | $35,703 | $32,210 | $119,021 |
| Qualifying Distributions | $17,268 | $10,965 | $100,000 |
| Net Investment Income | $96,030 | $42,079 | $66,946 |
| Distributable Amount | $103,801 | $89,265 | $90,397 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Looking for the One ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LOOKING FOR THE ONE MINNEAPOLIS, MN | GENERAL | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT COUGHLIN | PRESIDENT, DIRECTOR | 1 | — |
| JENNIFER COUGHLIN | SECRETARY, TREASURER, DIRECTOR | 1 | — |
| EDWARD COUGHLIN | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Grace Foundation?
Grace Foundation is a private foundation focused on Mutual/Membership Benefit, based in EXCELSIOR, MN. It holds $1.4M in total assets as of 2024.
How large is Grace Foundation?
As of 2024, Grace Foundation holds $1.4M in total assets with $118K in annual revenue. It awarded 1 grants totaling $15K in 2024.
Where does Grace Foundation operate?
Grace Foundation has awarded grants in Colorado, Minnesota, Texas.
What size grants does Grace Foundation award?
In 2024, Grace Foundation awarded 1 grants totaling $15K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Grace Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Grace Foundation reported a distributable amount of $104K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Grace Foundation's EIN?
Grace Foundation's EIN (Employer Identification Number) is 90-1035327. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Grace Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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