Lace Foundation
To operate as an irs 501(c)(3) not-for-profit charitable organization identifying and supporting other I.r.s. 501(c)(3) not-for-profit organiations thet provide programs to alleviate suffering and poverty by taking aim at its root cause, to educate young people in careers, and to respond to specific community needs.
Lace Foundation at a glance
- Total assets
- $220,440
- +17.0% vs 2024
- Revenue (2025)
- $19,340
- -54.1% vs 2024
- Net investment income (2025)
- $9,340
- +105.5% vs 2024
- Expenses (2025)
- $6,211
- -69.0% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Lace Foundation funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $10K (2023) to $13K (2024). In 2024 it made 1 grant totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Compassion International Colorado SPGS, CO | Alleviate Suffering | $13,164 |
Ready to take the next step with Lace Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $220,440 | $19,340 | $6,211 | — | — | $9,340 |
| 2024 | $188,472 | $42,141 | $20,062 | $13,164 | 1 | $4,544 |
| 2023 | $158,800 | $36,894 | $23,633 | $9,650 | 1 | $6,744 |
| 2022 | $133,277 | $8,635 | $12,537 | — | — | $1,435 |
| 2021 | $157,228 | $17,559 | $10,057 | — | — | $11,559 |
| 2020 | $145,402 | $11,055 | $7,953 | — | — | $5,055 |
About Lace Foundation
Based on IRS filings
Lace Foundation is a public charity, based in Wayne, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $220K in total assets. Net investment income was $9K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Lace Foundation is led by Daniel Lace, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Daniel Lace
President
On filings since 2020
2 hrs/week
No compensation reported
Bonnie Lace
Vice President
On filings since 2020
2 hrs/week
No compensation reported
John Lace
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Mary Lace
Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Lace Foundation
How large is Lace Foundation?
Lace Foundation reported $220K in total assets on its 2025 IRS Form 990. Its revenue that year was $19K.
Where does Lace Foundation operate?
Lace Foundation has awarded grants in Colorado.
What is Lace Foundation's EIN?
Lace Foundation's EIN (Employer Identification Number) is 81-3846692. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS March 28, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS March 20, 2025)
Explore Open Grants
Browse active grant opportunities in Lace Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Give to Life Foundation
Fort Worth, TX
Assets
$24
Grants
26
Total Given
$37K
Delta Foundation
Greenville, SC
The foundation supports at-risk youth through mentoring and academic, social, and athletic programs, while its grants also go to churches and organizations working in areas such as housing, family support, and human trafficking prevention. Its 2025 grants ranged from $400 to $150,000, with a median of $2,300, and most funding went to South Carolina and Minnesota. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$1.0M
Grants
38
Total Given
$503K
M J Murdock Charitable Trust
Vancouver, WA
The M.J. Murdock Charitable Trust funds nonprofit capacity-building and projects in arts and culture, civic and community services, education, health and environmental stewardship, and scientific research across Alaska, Idaho, Montana, Oregon, and Washington. Its 2024 median grant was $87,000, with awards ranging from $4,000 to about $1.55 million. Eligible organizations can submit a Letter of Inquiry; full applications are by invitation.
Assets
$2.0B
Grants
797
Total Given
$116.6M
Ima Foundation
Wichita, KS
Assets
$11.4M
Grants
602
Total Given
$831K
Richardson Family Foundation
Sioux Falls, SD
Assets
$754K
Grants
7
Total Given
$79K
Versado Foundation
Wake Forest, NC
Assets
$87K
Grants
13
Total Given
$6K
More similar funders
More Funders in Illinois
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Lace 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.
Lace Foundation down — hundreds of funders to go?