Jace Foundation
Jace Foundation is a private foundation, based in Westlake Village, CA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.5M in total assets. In 2025, it awarded 6 grants totaling $259K. Net investment income was $81K.
Jace Foundation at a glance
In short: Jace Foundation gave $259K across 6 grants in 2025 (avg $43K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $258,710
- +215.9% vs 2024
- Grants made (2025)
- 6
- -25.0% vs 2024
- Average grant
- $43,118
- +321.1% vs 2024
- Median grant
- $3,755
- Total assets
- $2,486,364
- +13.0% vs 2024
- Primary geography
- California (97% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Jace Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was American University of Armenia ($250K across 2 grants). Together the top 5 received $259K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 18 grants of 20 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Jace Foundation gives
- Giving grew 639% from 2022 to 2025. Method
- In 2025 it paid out 244% 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 2022 to 2025, annual grant giving ranged from $35K (2022) to $259K (2025). In 2025 it made 6 grants totaling $259K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American University of Armenia Glendale, CA | Research Innovation Grant Program | $143,555 |
| American University of Armenia Glendale, CA | Research Innovation Grant Program | $106,328 |
| National Assoc of Armenian Belmont, MA | General Support | $5,010 |
| Women's Support Center - Armenia Chatham, NJ | General Support | $2,500 |
| Japanese American National Museum Los Angeles, CA | General Support | $1,050 |
| Max Foundation Seattle, WA | General Support | $267 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,486,364 | $446,231 | $285,813 | $258,710 | 6 | $264,703 | $81,138 | $108,594 |
| 2024 | $2,200,406 | $1,133,658 | $109,538 | $81,906 | 8 | $95,772 | $372,763 | $71,109 |
| 2023 | $1,495,765 | $752,847 | $48,302 | $42,367 | 4 | $44,569 | $245,160 | $45,665 |
| 2022 | $947,130 | $507,398 | $52,246 | $35,000 | 2 | $52,020 | $6,022 | $35,366 |
| 2021 | $500,000 | $500,000 | — | — | — | — | — | $1,080 |
Under IRS private-foundation payout rules, Jace Foundation reported a distributable amount of $109K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Jace Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
David Mark Essayan
Trustee
On filings since 2021
1 hr/week
No compensation reported
Susan Marie Jerian
Trustee
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Jace Foundation
How much does Jace Foundation give each year?
Jace Foundation gave $259K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $82K across 8 grants.
What is Jace Foundation's typical grant size?
Jace Foundation's median grant in 2025 was $3,755, and its average grant was $43,118, across 6 grants on its 2025 IRS Form 990-PF.
Where does Jace Foundation give grants?
Jace Foundation gives mostly in California: 97% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Glendale, CA (2 grants).
Does Jace Foundation give general operating support?
Yes: 67% of Jace Foundation's 2025 grants with a stated purpose (4 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Jace Foundation's largest grantees?
Jace Foundation's largest 2025 grantees include American University of Armenia ($249,883 across 2 grants), National Assoc of Armenian ($5,010) and Women's Support Center - Armenia ($2,500), according to its 2025 IRS Form 990-PF. Together they received 99% of its itemized 2025 grant dollars.
How large is Jace Foundation?
Jace Foundation reported $2.5M in total assets on its 2025 IRS Form 990-PF. It paid out $265K in qualifying distributions that year, against a required minimum of $109K (roughly 5% of its investment assets).
What is Jace Foundation's EIN?
Jace Foundation's EIN (Employer Identification Number) is 87-3976031. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 29, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work Jace Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Jace Foundation's focus areas in our free grants database
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