Grace Philanthropic Foundation
Grace Philanthropic Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 16 grants totaling $116K. Net investment income was $32K.
Key facts about Grace Philanthropic Foundation
- EIN
- 83-1947672
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $116,479
- Grants made (2024)
- 16
- Average grant
- $7,280
- Median grant
- $5,000
- Total assets
- $1,700,776
- Primary geography
- Arizona (20% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Grace Philanthropic Foundation funds
By grant dollars, the top recipient states for Grace Philanthropic Foundation's 16 itemized 2024 grants were Arizona (20%), Kentucky (14%) and California (9%). The most frequent recipient cities were Tucson, AZ (2 grants), Wilmore, KY (2 grants), Rocklin, CA (2 grants) and New York, NY (2 grants). None of its 16 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship Grant" (15 grants).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.7M
+12.8% YoY
Annual Giving
$116K
-10.3% YoY
Grant Count
16
+23.1% YoY
Avg Grant Size
$7K
-27.1% YoY
Under IRS private-foundation payout rules, Grace Philanthropic Foundation reported a distributable amount of $101K for 2024 — the minimum it must pay out in qualifying distributions.
About Grace Philanthropic Foundation
Based on IRS filings
Grace Philanthropic Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 16 grants totaling $116K. Net investment income was $32K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 16 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,700,776 | $1,507,565 | $1,247,358 |
| Revenue | $327,565 | $406,956 | $213,842 |
| Expenses | $134,734 | $146,749 | $92,890 |
| Qualifying Distributions | $134,407 | $146,640 | $92,590 |
| Net Investment Income | $32,455 | $18,620 | $12,738 |
| Distributable Amount | $100,942 | $71,616 | $63,288 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
51 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include V John ($23,727 across 2 grants), M McLoughlin ($23,000 across 2 grants), J Ross ($16,000 across 2 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| M McLoughlin Tucson, AZ | Scholarship Grant | $16,000 |
| A Kirk | Scholarship Grant | $15,000 |
| V John | Scholarship Grant | $13,797 |
| V John | Scholarship Grant | $9,930 |
| J Ross Wilmore, KY | Scholarship Grant | $8,000 |
| J Ross Wilmore, KY | Scholarship Grant | $8,000 |
| M McLoughlin Tucson, AZ | Scholarship Grant | $7,000 |
| A Ashby Rocklin, CA | Scholarship Grant | $5,000 |
| A Ashby Rocklin, CA | Scholarship Grant | $5,000 |
| T Okoronkwo | Scholarship Grant | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Yong Yeow Yeoh | Dir, Pres, Sec, Treas | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Grace Philanthropic Foundation?
Grace Philanthropic Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $1.7M in total assets as of 2024.
How large is Grace Philanthropic Foundation?
As of 2024, Grace Philanthropic Foundation holds $1.7M in total assets with $328K in annual revenue. It awarded 16 grants totaling $116K in 2024.
Where does Grace Philanthropic Foundation operate?
Grace Philanthropic Foundation has awarded grants in Arizona, California, Hawaii, Kentucky, New Jersey, New York, Texas.
What size grants does Grace Philanthropic Foundation award?
In 2024, Grace Philanthropic Foundation awarded 16 grants totaling $116K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Grace Philanthropic Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Grace Philanthropic Foundation reported a distributable amount of $101K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Grace Philanthropic Foundation's EIN?
Grace Philanthropic Foundation's EIN (Employer Identification Number) is 83-1947672. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Grace Philanthropic 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.