The Grace Foundation of Memphis Inc
The Grace Foundation of Memphis Inc is a private independent foundation based in Memphis, Tennessee. Established in 1992, the organization operates as a 501(c)(3) tax-exempt entity with EIN 62-1469984. The foundation's primary purpose is to assist the Christian Community Foundation of Memphis and the Mid-South, Inc. in carrying out its charitable mission.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$31.9M
-0.7% YoY
Annual Giving
$1.7M
-20.7% YoY
Grant Count
65
+3.2% YoY
Avg Grant Size
$26K
-23.2% YoY
Under IRS private-foundation payout rules, The Grace Foundation of Memphis Inc reported a distributable amount of $1.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's stated mission is to assist Christian Community Foundation of Memphis and the Mid-South, Inc. in carrying out its charitable mission. The organization's only program is to receive and accept property to be used exclusively for religious, charitable, scientific, literary, or educational purposes, primarily in and for the benefit of the community of Memphis and Shelby County.
The foundation's grant-making focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation made 49 grants totaling $1,070,835 in the most recent filing period, with additional grants to various organizations in education, human services, and philanthropic support areas.
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Geographic Focus
Where this funder awards grants
The foundation primarily serves Memphis and Shelby County, Tennessee, with grant-making extending to Tennessee, Alabama, and Mississippi.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (Fiscal Year Ending April 2024):
- Total assets: $31,854,145
- Total revenues: $2,463,001
- Total expenses: $2,031,376
- Total giving: $1,702,335
- Number of employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $31,854,145 | $32,094,250 | $34,214,951 |
| Revenue | $2,463,001 | $476,406 | $1,330,944 |
| Expenses | $2,031,376 | $2,349,852 | $2,382,218 |
| Qualifying Distributions | $1,702,335 | $2,148,000 | $1,989,984 |
| Net Investment Income | $1,797,257 | $676,090 | $885,039 |
| Distributable Amount | $1,548,459 | $1,620,067 | $1,791,224 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
248 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bellevue Baptist Church ($304,000), West Cancer Foundation ($111,000), Bellvue Foundation Inc ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADVANCE MEMPHIS MEMPHIS, TN | PROGRAM SUPPORT | $7,500 |
| AGAPE CHILD & FAMILY SERVICES MEMPHIS, TN | PROGRAM SUPPORT | $50,000 |
| ARISE2READ MEMPHIS, TN | PROGRAM SUPPORT | $10,000 |
| BELLEVUE BAPTIST CHURCH CORDOVA, TN | PROGRAM SUPPORT | $304,000 |
| BELLVUE FOUNDATION INC CORDOVA, TN | PROGRAM SUPPORT | $100,000 |
| BILLY GRAY MINISTRIES INC DESTIN, FL | PROGRAM SUPPORT | $500 |
| BLUE MOUNTAIN COLLEGE BLUE MOUNTAIN, MS | PROGRAM SUPPORT | $25,000 |
| CALVARY RESCUE MISSION MEMPHIS, TN | PROGRAM SUPPORT | $25,000 |
| CAMPUS OUTREACH - BIRMINGHAM BIRMINGHAM, AL | PROGRAM SUPPORT | $5,000 |
| CAPE BIBLE CHAPEL INC CAPE GIRARDEAU, MO | PROGRAM SUPPORT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HARRY L SMITH | CHAIRMAN OF THE BOARD | 1 | — |
| MARY ELIZABETH SMITH | VICE CHAIRMAN OF THE BOARD | 1 | — |
| LESLIE JONES | SECRETARY/TREASURER | 1 | — |
| SHANA R SOUTH | CHIEF FINANCIAL OFFICER | 1 | — |
| B REX JONES | PRESIDENT/CHIEF EXECUTIVE | 1 | — |
Contact Information
Address: 6075 Poplar Ave Ste 130 Memphis, TN 38119-4702
Website: http://www.hopeccf.org
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Grace Foundation of Memphis Inc fund?
The foundation's stated mission is to assist Christian Community Foundation of Memphis and the Mid-South, Inc. in carrying out its charitable mission. The organization's only program is to receive and accept property to be used exclusively for religious, charitable, scientific, literary, or educational purposes, primarily in and for the benefit of the community of Memphis and Shelby County. The foundation's grant-making focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human S…
How do I apply for a grant from The Grace Foundation of Memphis Inc?
**Grant Activity & Amounts:** • Total giving: $1,702,335 (most recent filing) • Total assets: $31,854,145 • Typical award range: $500–$1,200,000 **Recent Grants (2024):** • Christian Community Foundation of Memphis: $150,000 (Program Support) • Lifewise: $150,000 (Program Support) • West Cancer Foundation: $111,000 (Program Support) The foundation made 49 grants totaling $1,070,835 in the most recent filing period, with additional grants to various organizations in education, human services, an…
Where does The Grace Foundation of Memphis Inc make grants?
The foundation primarily serves Memphis and Shelby County, Tennessee, with grant-making extending to Tennessee, Alabama, and Mississippi.
What size grants does The Grace Foundation of Memphis Inc award?
In 2024, The Grace Foundation of Memphis Inc awarded 65 grants totaling $1.7M — an average of about $26K per grant, based on its IRS Form 990 filings.
How much is The Grace Foundation of Memphis Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Grace Foundation of Memphis Inc reported a distributable amount of $1.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Grace Foundation of Memphis Inc's EIN?
The Grace Foundation of Memphis Inc's EIN (Employer Identification Number) is 62-1469984. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Grace Foundation of Memphis Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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