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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$188K
+18.7% YoY
Annual Giving
$13K
+36.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$13K
+36.4% YoY
About Lace Foundation
Based on IRS filings
Lace Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in WAYNE, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $188K in total assets. In 2024, it awarded 1 grants totaling $13K. Net investment income was $5K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $188,472 | $158,800 | $133,277 |
| Revenue | $42,141 | $36,894 | $8,635 |
| Expenses | $20,062 | $23,633 | $12,537 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $4,544 | $6,744 | $1,435 |
| Distributable Amount | — | — | — |
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
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BONNIE LACE | VICE PRESIDE | 2 | — |
| DANIEL LACE | PRESIDENT | 2 | — |
| JOHN LACE | TREASURER | 1 | — |
| MARY LACE | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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