Gracias Family Foundation
Gracias Family Foundation is a private foundation based in Chicago, Illinois. Its 2024 grants supported universities, charitable organizations, and organizations working in areas including arts and culture, food growing, and outdoor experiences for people affected by serious health conditions.
Gracias Family Foundation at a glance
In short: Gracias Family Foundation gave $12.0M across 15 grants in 2024 (avg $802K), top state New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $12,032,500
- -25.7% vs 2023
- Grants made (2024)
- 15
- -11.8% vs 2023
- Average grant
- $802,167
- -15.8% vs 2023
- Median grant
- $350,000
- Total assets
- $90,702,268
- -4.1% vs 2023
- Primary geography
- New York (26% 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 Gracias Family Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds. It makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 500 W Madison St Ste 3700, Chicago, IL 60661
Phone: (312) 461-0876
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Gracias Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Harvard College Trust ($3.2M). Together the top 10 received $11.7M.
Grant Size Distribution
53 grants across all recorded years
The most common grant size was in the $1–5M range: 13 grants of 53 (25%).
Geographic Focus
Where this funder awards grants
In 2024, the largest shares of grant dollars went to recipients in New York (26%), Virginia (17%), Maryland (16%), Washington, DC (14%), and Illinois (9%).
Grant Distribution by State
Share of 2024 grant dollars across all 15 itemized grants.
States
Cities
How Gracias Family Foundation gives
- 60% of 2024 grantees were also funded in 2023. Method
- Giving grew 1619% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $700K (2021) to $32.6M (2022). In 2024 it made 15 grants totaling $12.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Harvard College Trust New York, NY | General Operating Expenses in Its Entirety. | $3,162,500 |
| CAF America Alexandria, VA | General Operating Expenses in Its Entirety. | $2,000,000 |
| Johns Hopkins University Baltimore, MD | General Operating Expenses in Its Entirety. | $1,900,000 |
| Georgetown University Giving Washington, DC | General Operating Expenses in Its Entirety. | $1,300,000 |
| University of Chicago Chicago, IL | General Operating Expenses in Its Entirety. | $1,000,000 |
| Invest America Charitable Foundation Menlo Park, CA | General Operating Expenses in Its Entirety. | $1,000,000 |
| Eagle Hill Foundation of Mass Inc Hardwick, MA | General Operating Expenses in Its Entirety. | $500,000 |
| Aspen Institute Washington, DC | General Operating Expenses in Its Entirety. | $350,000 |
| Big Green Boulder, CO | General Operating Expenses in Its Entirety. | $250,000 |
| Sierra Arts Foundation Reno, NV | General Operating Expenses in Its Entirety. | $250,000 |
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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 | $90,702,268 | $8,890,888 | $12,893,006 | $12,032,500 | 15 | $12,061,553 | $8,059,435 | $614,737 |
| 2023 | $94,606,157 | $4,862,228 | $16,692,137 | $16,188,978 | 17 | $16,201,672 | $4,371,763 | $4,478,743 |
| 2022 | $70,920,396 | $135,016,761 | $32,908,869 | $32,647,807 | 18 | $32,649,655 | $134,757,547 | $4,498,490 |
| 2021 | $167,052,792 | $165,429,546 | $700,090 | $700,090 | 3 | $700,090 | $15,656,306 | $1,780,420 |
Under IRS private-foundation payout rules, Gracias Family Foundation reported a distributable amount of $615K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No foundation mission statement is stated in the available information. The grantees’ own descriptions show the range of organizations it supported in 2024. Johns Hopkins University describes its mission as educating students, fostering independent research, and bringing the benefits of discovery to the world. The University of Chicago describes its mission as communicating and creating knowledge and fostering a community of scholars and students.
Other 2024 grantees describe work in arts and culture, food growing, impact investing and charitable giving, and outdoor adventures for young adults affected by cancer and other serious health conditions. These are descriptions of the grantees’ missions, not stated priorities of the foundation.
Grantmaking
In 2024, the foundation reported 15 grants totaling $12,032,500. Grant amounts ranged from $20,000 to $3,162,500, with a median of $350,000. The largest grants included $3,162,500 to Harvard College Trust, $2,000,000 to CAF America, $1,900,000 to Johns Hopkins University, $1,300,000 to Georgetown University Giving, and $1,000,000 each to the University of Chicago and Invest America Charitable Foundation. Each of these grants was reported for general operating expenses in its entirety.
Other 2024 grants included $500,000 to Eagle Hill Foundation of Mass Inc, $350,000 to the Aspen Institute, and $250,000 each to Big Green and Sierra Arts Foundation. The University of Chicago’s reported mission concerns knowledge creation and communication; Sierra Arts Foundation describes its work as promoting art and culture in Washoe County, Nevada, and neighboring communities; and Big Green describes school- and home-based garden programs to help people grow food.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Antonio Gracias, Maria Gracias, and James Star as officers.
Gracias Family Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Antonio Gracias
Officer
On filings since 2021
1 hr/week
No compensation reported
James Star
Officer
On filings since 2021
No compensation reported
Maria Gracias
Officer
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 Gracias Family Foundation
How much does Gracias Family Foundation give each year?
Gracias Family Foundation gave $12.0M across 15 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $16.2M across 17 grants.
What is Gracias Family Foundation's typical grant size?
Gracias Family Foundation's median grant in 2024 was $350,000, and its average grant was $802,167, across 15 grants on its 2024 IRS Form 990-PF.
Where does Gracias Family Foundation give grants?
Gracias Family Foundation's top state is New York, with 26% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Virginia (17%) and Maryland (16%). The most frequent recipient cities were Washington, DC (2 grants) and Chicago, IL (2 grants).
Does Gracias Family Foundation give general operating support?
Yes: 100% of Gracias Family Foundation's 2024 grants with a stated purpose (15 of 15) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Gracias Family Foundation's largest grantees?
Gracias Family Foundation's largest 2024 grantees include Harvard College Trust ($3,162,500), CAF America ($2,000,000) and Johns Hopkins University ($1,900,000), according to its 2024 IRS Form 990-PF. Together they received 59% of its itemized 2024 grant dollars.
How large is Gracias Family Foundation?
Gracias Family Foundation reported $90.7M in total assets on its 2024 IRS Form 990-PF. It paid out $12.1M in qualifying distributions that year, against a required minimum of $615K (roughly 5% of its investment assets).
What does Gracias Family Foundation fund?
No foundation mission statement is stated in the available information. The grantees’ own descriptions show the range of organizations it supported in 2024. See mission & focus areas ↑
How do I apply for a grant from Gracias Family Foundation?
The foundation does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Gracias Family Foundation's EIN?
Gracias Family Foundation's EIN (Employer Identification Number) is 85-3941297. IRS Form 990 filing data is available on this page for 2021–2024.
Does Gracias Family 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 2021–2024
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Cite this profile
Grantable. (2026). Gracias Family Foundation funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/gracias-family-foundation-morg_baa7b926dbb2439ab3a230fb5665503d
BibTeX
@misc{grantable_853941297_2026,
author = {{Grantable}},
title = {{Gracias Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/gracias-family-foundation-morg_baa7b926dbb2439ab3a230fb5665503d},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Gracias Family 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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