Grace of Giving
Grace of Giving is a private foundation, based in Albuquerque, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $828 in total assets. In 2024, it awarded 1 grant totaling $9K. Net investment income was $18.
Grace of Giving at a glance
In short: Grace of Giving gave $9K across 1 grant in 2024 (avg $9K), mostly in New Mexico. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $9,200
- -70.9% vs 2023
- Grants made (2024)
- 1
- -80.0% vs 2023
- Average grant
- $9,200
- +45.6% vs 2023
- Median grant
- $9,200
- Total assets
- $828
- -13.8% vs 2023
- Primary geography
- New Mexico (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Grace of Giving funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Feed NM Kids ($9K).
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 22 grants of 22 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Grace of Giving gives
- Giving fell 51% from 2021 to 2024. Method
- In 2024 it paid out 203% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $9K (2024) to $32K (2023). In 2024 it made 1 grant totaling $9K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Feed NM Kids Albuquerque, NM | To Carry on Charitable Functions | $9,200 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $828 | $9,068 | $9,200 | $9,200 | 1 | $9,200 | $18 | $4,533 |
| 2023 | $960 | $27,859 | $31,600 | $31,600 | 5 | $31,600 | $28 | $4,740 |
| 2022 | $4,701 | $27,257 | $26,000 | $26,000 | 6 | $26,000 | $32 | $4,546 |
| 2021 | $3,444 | $21,226 | $18,900 | $18,900 | 3 | $18,900 | $22 | $4,631 |
| 2020 | $1,118 | $14,275 | $15,800 | $15,800 | 7 | — | $18 | $4,546 |
Under IRS private-foundation payout rules, Grace of Giving reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Grace of Giving is led by Marie Franse, Chairman on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Marie Franse
Chairman
On filings since 2020
No compensation reported
Kenyon R. Schlenker
Director
On filings since 2020
No compensation reported
Nelson Franse
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 of Giving
How much does Grace of Giving give each year?
Grace of Giving gave $9K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $32K across 5 grants.
How large is Grace of Giving?
Grace of Giving reported $828 in total assets on its 2024 IRS Form 990-PF. It paid out $9K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
Where does Grace of Giving operate?
Grace of Giving has awarded grants in Arizona, California, Colorado, Florida, Hawaii, Illinois, Missouri, New Mexico, Virginia.
What is Grace of Giving's EIN?
Grace of Giving's EIN (Employer Identification Number) is 61-1509219. 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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