Grateful Hearts Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SHERIDAN, WY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $841K in total assets. In 2024, it awarded 15 grants totaling $63K. Net investment income was $47K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$841K
-1.2% YoY
Annual Giving
$63K
+19.0% YoY
Grant Count
15
+15.4% YoY
Avg Grant Size
$4K
+3.1% YoY
Under IRS private-foundation payout rules, Grateful Hearts Foundation reported a distributable amount of $49K for 2024 — the minimum it must pay out in qualifying distributions.
About Grateful Hearts Foundation
Based on IRS filings
Grateful Hearts Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SHERIDAN, WY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $841K in total assets. In 2024, it awarded 15 grants totaling $63K. Net investment income was $47K.
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 | $840,841 | $851,391 | $775,004 |
| Revenue | $55,502 | $124,699 | $32,604 |
| Expenses | $71,464 | $60,155 | $60,378 |
| Qualifying Distributions | $62,763 | $52,767 | $50,009 |
| Net Investment Income | $46,801 | $116,815 | $24,697 |
| Distributable Amount | $49,127 | $45,561 | $44,809 |
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
84 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Camp Id-ra-ha-je ($25,000), Joni and Friends ($10,000), Srom ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CAMP ID-RA-HA-JE BAILEY, CO | CAMPER/COUNSELOR SCHOLARSHIP | $25,000 |
| LEGACY PREGNANCY CENTER SHERIDAN, WY | PREGNANCY EDUCATION | $1,000 |
| LIFE'S OPTIONS PREGNANCY CENTER EVERGREEN, CO | PREGNANCY EDUCATION | $1,040 |
| SHERIDAN SENIOR CENTER SHERIDAN, WY | SERVICE & SUPPORT FOR SENIOR CITIZEN | $1,030 |
| SHERIDAN FOSTER PARENT EXCHANGE SHERIDAN, WY | SERVES CHILDREN IN CRISIS | $515 |
| MEALS ON WHEELS DENVER, CO | DELIVER MEALS TO THOSE IN NEED | $1,023 |
| COMPASS CENTER SHERIDAN, WY | HELP FAMILIES FOSTER THEIR BOND | $531 |
| THE WHOSEVERS MOVEMENT DIAMOND BAR, CA | PREACH GOSPEL THROUGH YOUTH PROGRAMS | $511 |
| CLIMBING FOR CHRIST ROCHESTER, NY | TAKING GOSPEL TO MOUNTAINOUS AREAS | $2,000 |
| JONI AND FRIENDS AGOURA HILLS, CA | SHARE THE HOPE OF THE GOSPEL | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BONNIE J RHINESMITH | PRES/EXEC DI | 1 | — |
| BENEDICT DAVIS RHINESMITH | VICE PRESIDE | 1 | — |
| R BRET RHINESMITH | SEC & TREAS | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Grateful Hearts Foundation?
Grateful Hearts Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SHERIDAN, WY. It holds $841K in total assets as of 2024.
How large is Grateful Hearts Foundation?
As of 2024, Grateful Hearts Foundation holds $841K in total assets with $56K in annual revenue. It awarded 15 grants totaling $63K in 2024.
Where does Grateful Hearts Foundation operate?
Grateful Hearts Foundation has awarded grants in California, Colorado, Florida, Montana, North Carolina, New York, Texas, Virginia, Wyoming.
What size grants does Grateful Hearts Foundation award?
In 2024, Grateful Hearts Foundation awarded 15 grants totaling $63K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Grateful Hearts Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Grateful Hearts Foundation reported a distributable amount of $49K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Grateful Hearts Foundation's EIN?
Grateful Hearts Foundation's EIN (Employer Identification Number) is 26-1566454. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Grateful Hearts 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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