The Grace Foundation
The Grace Foundation is a private foundation, based in Tulsa, OK. IRS filing data is available from 2020 through 2023. In 2023, it awarded 14 grants totaling $1.3M. Net investment income was $103K.
The Grace Foundation at a glance
In short: The Grace Foundation gave $1.3M across 14 grants in 2023 (avg $89K), mostly in Oklahoma. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $1,251,000
- Grants made (2023)
- 14
- Average grant
- $89,357
- Median grant
- $1,000
- Primary geography
- Oklahoma (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who The Grace Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2023
The largest 2023 recipient was Tulsa Botanic Gardens ($1.2M across 2 grants). Together the top 7 received $1.3M.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 40 grants of 42 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 14 itemized grants.
Cities
How The Grace Foundation gives
- In 2023 it paid out well above 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 2020 to 2023, annual grant giving ranged from $27K (2022) to $1.3M (2023). In 2023 it made 14 grants totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Tulsa Botanic Gardens Tulsa, OK | General Support | $619,000 |
| Tulsa Botanic Gardens Tulsa, OK | General Support | $619,000 |
| The Salvation Army Tulsa, OK | General Support | $2,000 |
| The Salvation Army Tulsa, OK | General Support | $2,000 |
| Helping Hands Ministry - First Presbyterian Church Tulsa, OK | General Support | $1,000 |
| Tulsa Girls' Art School Tulsa, OK | General Support | $1,000 |
| New Hope Oklahoma Tulsa, OK | General Support | $1,000 |
| John 316 Mission Tulsa, OK | General Support | $1,000 |
| Helping Hands Ministry - First Presbyterian Church Tulsa, OK | General Support | $1,000 |
| Tulsa Girls' Art School Tulsa, OK | General Support | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $111,634 | $1,263,278 | $1,251,000 | 14 | $1,254,580 | $102,712 | $56,595 |
| 2022 | $575,822 | $5,999 | $32,784 | $26,505 | 2 | $26,505 | $10,662 | $31,294 |
| 2021 | $606,527 | $107,636 | $40,699 | $33,000 | 14 | $35,037 | $101,974 | $32,848 |
| 2020 | $535,670 | $14,503 | $37,524 | $30,075 | 12 | — | $9,339 | $29,850 |
Under IRS private-foundation payout rules, The Grace Foundation reported a distributable amount of $57K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Grace Foundation's 2023 filing lists 3 officers; none of the 3 officers listed in 2023 report compensation.
Officers on the 2023 filing
Cherry L. Bost
Trustee
On filings since 2020
1.5 hrs/week
No compensation reported
Jay B. Bost
Trustee
On filings since 2020
1.5 hrs/week
No compensation reported
Sara Bost Fisher
Trustee
On filings since 2020
1.5 hrs/week
No compensation reported
Former officers (1)
- Former: James A. Bost (2020) — Trustee
Data from IRS Form 990 filings, 2020–2023. "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 The Grace Foundation
How much does The Grace Foundation give each year?
The Grace Foundation gave $1.3M across 14 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $27K across 2 grants.
What is The Grace Foundation's typical grant size?
The Grace Foundation's median grant in 2023 was $1,000, and its average grant was $89,357, across 14 grants on its 2023 IRS Form 990-PF.
Where does The Grace Foundation give grants?
The Grace Foundation gives mostly in Oklahoma: 100% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Tulsa, OK (14 grants).
Does The Grace Foundation give general operating support?
Yes: 100% of The Grace Foundation's 2023 grants with a stated purpose (14 of 14) were for general or operating support, per its 2023 IRS Form 990-PF.
Who are The Grace Foundation's largest grantees?
The Grace Foundation's largest 2023 grantees include Tulsa Botanic Gardens ($1,238,000 across 2 grants), The Salvation Army ($4,000 across 2 grants) and Helping Hands Ministry - First Presbyterian Church ($2,000 across 2 grants), according to its 2023 IRS Form 990-PF. Together they received 99% of its itemized 2023 grant dollars.
How much is The Grace Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Grace Foundation reported a distributable amount of $57K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Grace Foundation's EIN?
The Grace Foundation's EIN (Employer Identification Number) is 35-2519978. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 13, 2025)
- IRS filings on file for fiscal years 2020–2023
Explore Open Grants
Browse active grant opportunities in The Grace Foundation's focus areas in our free grants database
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