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
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
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 |
|---|---|---|---|
| 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
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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