Gratitude Foundation Inc

PALM BEACH, FL EIN: 23-7215223

Gratitude Foundation Inc is a private foundation focused on Mental Health & Crisis Intervention, based in PALM BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 1 grants totaling $30K. Net investment income was $336.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.0M

-3.6% YoY

Annual Giving

$30K

-40.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$30K

-40.0% YoY

Under IRS private-foundation payout rules, Gratitude Foundation Inc reported a distributable amount of $99K for 2024 — the minimum it must pay out in qualifying distributions.

About Gratitude Foundation Inc

Based on IRS filings

Focus Areas

Mental Health & Crisis Intervention

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $80K (100%)

States

Florida

Cities

West Palm Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,969,478	$2,042,137	$2,122,565
Revenue	$1,983	$205	$1,205
Expenses	$73,827	$80,633	$61,285
Qualifying Distributions	$72,180	$80,403	—
Net Investment Income	$336	—	$178
Distributable Amount	$98,816	$102,138	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Hanley Foundation Inc ($30,000).

Recipient	Purpose	Amount
Hanley Foundation Inc West Palm Beach, FL	To assist the alcoholic and drug addicted underserved - Family Picnic Sponsorship.	$30,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Anne Hurley	President	5	—
Carl Nicola	Vice President	2	—
Jamie Niemie	Secretary/Treasurer	2	—

Subject Areas

Focus areas based on grantmaking activity

Mental Health & Crisis Intervention

Frequently Asked Questions

What is Gratitude Foundation Inc?

Gratitude Foundation Inc is a private foundation focused on Mental Health & Crisis Intervention, based in PALM BEACH, FL. It holds $2.0M in total assets as of 2024.

How large is Gratitude Foundation Inc?

As of 2024, Gratitude Foundation Inc holds $2.0M in total assets with $2K in annual revenue. It awarded 1 grants totaling $30K in 2024.

Where does Gratitude Foundation Inc operate?

Gratitude Foundation Inc has awarded grants in Florida.

What size grants does Gratitude Foundation Inc award?

In 2024, Gratitude Foundation Inc awarded 1 grants totaling $30K — an average of about $30K per grant, based on its IRS Form 990 filings.

How much is Gratitude Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Gratitude Foundation Inc reported a distributable amount of $99K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.