Grace Philanthropic Foundation
Grace Philanthropic Foundation is a private foundation based in Wilmington, Delaware. Its 2024 filing reports scholarship grants and hardship assistance grants to individuals.
Grace Philanthropic Foundation at a glance
In short: Grace Philanthropic Foundation gave $116K across 16 grants in 2024 (avg $7K), top state Arizona. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $116,479
- -10.3% vs 2023
- Grants made (2024)
- 16
- +23.1% vs 2023
- Average grant
- $7,280
- -27.1% vs 2023
- Median grant
- $5,000
- Total assets
- $1,700,776
- +12.8% vs 2023
- Primary geography
- Arizona (20% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Grace Philanthropic Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Grace Philanthropic Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was V John ($24K across 2 grants). Together the top 10 received $116K.
Grant Size Distribution
51 grants across all recorded years
The most common grant size was under $50K: 51 grants of 51 (100%).
Geographic Focus
Where this funder awards grants
The 2024 filing reports grant dollars distributed among recipients in Arizona (20%), Kentucky (14%), California (9%), and New York (7%); 47% is listed with the recipient state as “?”. The filing also lists grants to recipients in Texas and other locations without a state shown. These reported recipient locations do not establish a stated geographic focus.
Grant Distribution by State
Share of 2024 grant dollars across all 16 itemized grants.
Cities
How Grace Philanthropic Foundation gives
- Giving grew 45% from 2021 to 2024. Method
- In 2024 it paid out 133% 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 $78K (2020) to $130K (2023). In 2024 it made 16 grants totaling $116K.
Grants by year
Grant recipients and amounts by year
| 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 |
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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 | $1,700,776 | $327,565 | $134,734 | $116,479 | 16 | $134,407 | $32,455 | $100,942 |
| 2023 | $1,507,565 | $406,956 | $146,749 | $129,903 | 13 | $146,640 | $18,620 | $71,616 |
| 2022 | $1,247,358 | $213,842 | $92,890 | $78,910 | 7 | $92,590 | $12,738 | $63,288 |
| 2021 | $1,126,406 | $187,454 | $94,781 | $80,353 | 6 | $94,721 | $17,434 | $70,131 |
| 2020 | $1,033,733 | $451,786 | $91,581 | $78,244 | 9 | — | $10,807 | $42,919 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Grantmaking
In filing year 2024, the foundation reported 16 grants totaling $116,479. Grants ranged from $3,000 to $16,000, with a median of $5,000. The largest reported grants included $16,000 to M McLoughlin in Tucson, Arizona, and $15,000 to A Kirk; both were designated as scholarship grants. Other listed awards included scholarship grants of $13,797 and $9,930 to V John, two $8,000 scholarship grants to J Ross in Wilmore, Kentucky, and a $5,000 hardship assistance grant to Z Kirk in Fort Worth, Texas.
Leadership & Key People
Leadership team and compensation from IRS filings
Yong Yeow Yeoh is listed as director, president, secretary, and treasurer on the 2024 filing.
Grace Philanthropic Foundation is led by Yong Yeow Yeoh, Director, President, Secretary & Treasurer on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Yong Yeow Yeoh
Director, President, Secretary & Treasurer
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 Philanthropic Foundation
How much does Grace Philanthropic Foundation give each year?
Grace Philanthropic Foundation gave $116K across 16 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $130K across 13 grants.
What is Grace Philanthropic Foundation's typical grant size?
Grace Philanthropic Foundation's median grant in 2024 was $5,000, and its average grant was $7,280, across 16 grants on its 2024 IRS Form 990-PF.
Where does Grace Philanthropic Foundation give grants?
Grace Philanthropic Foundation's top state is Arizona, with 20% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were 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).
Does Grace Philanthropic Foundation give general operating support?
Not in 2024: none of the 16 grants with a stated purpose on Grace Philanthropic Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship Grant" (15 grants).
Who are Grace Philanthropic Foundation's largest grantees?
Grace Philanthropic Foundation's largest 2024 grantees include V John ($23,727 across 2 grants), M McLoughlin ($23,000 across 2 grants) and J Ross ($16,000 across 2 grants), according to its 2024 IRS Form 990-PF. Together they received 54% of its itemized 2024 grant dollars.
How large is Grace Philanthropic Foundation?
Grace Philanthropic Foundation reported $1.7M in total assets on its 2024 IRS Form 990-PF. It paid out $134K in qualifying distributions that year, against a required minimum of $101K (roughly 5% of its investment assets).
How do I apply for a grant from Grace Philanthropic Foundation?
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Grace Philanthropic Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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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Figures come from Grace Philanthropic Foundation'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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