The Grace Law Trust XXXXX3003
The Grace Law Trust XXXXX3003 is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $797K in total assets. In 2024, it awarded 2 grants totaling $48K. Net investment income was $44K.
Key facts about The Grace Law Trust XXXXX3003
- EIN
- 61-6125331
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $47,982
- Grants made (2024)
- 2
- Average grant
- $23,991
- Median grant
- $23,991
- Total assets
- $796,789
- Primary geography
- Kentucky (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How The Grace Law Trust XXXXX3003 gives
- Giving held roughly steady from 2021 to 2024 (+5%). Method
- In 2024 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Grace Law Trust XXXXX3003
- How to evaluate The Grace Law Trust XXXXX3003 as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$797K
-1.6% YoY
Annual Giving
$48K
-3.5% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$24K
-3.5% YoY
Under IRS private-foundation payout rules, The Grace Law Trust XXXXX3003 reported a distributable amount of $62K for 2024 — the minimum it must pay out in qualifying distributions.
About The Grace Law Trust XXXXX3003
Based on IRS filings
The Grace Law Trust XXXXX3003 is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $797K in total assets. In 2024, it awarded 2 grants totaling $48K. Net investment income was $44K.
Ready to take the next step with The Grace Law Trust XXXXX3003?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $796,789 | $810,050 | $807,617 |
| Revenue | $57,554 | $69,913 | $23,559 |
| Expenses | $69,444 | $67,599 | $74,046 |
| Qualifying Distributions | $54,894 | $55,794 | $60,777 |
| Net Investment Income | $44,351 | $56,326 | $15,643 |
| Distributable Amount | $61,614 | $54,066 | $56,041 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include First United Methodist Church ($46,782), Methodist Home of Kentucky ($1,200).
| Recipient | Purpose | Amount |
|---|---|---|
| FIRST UNITED METHODIST CHURCH Richmond, KY | GENERAL | $46,782 |
| METHODIST HOME OF KENTUCKY Lexington, KY | GENERAL | $1,200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2020 IRS filing
From 2020 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JP Morgan Chase Bank NA | Trustee | 2 | $16,438 |
Frequently Asked Questions
How large is The Grace Law Trust XXXXX3003?
As of 2024, The Grace Law Trust XXXXX3003 holds $797K in total assets with $58K in annual revenue. It awarded 2 grants totaling $48K in 2024.
Where does The Grace Law Trust XXXXX3003 operate?
The Grace Law Trust XXXXX3003 has awarded grants in Kentucky.
What size grants does The Grace Law Trust XXXXX3003 award?
In 2024, The Grace Law Trust XXXXX3003 awarded 2 grants totaling $48K — an average of about $24K per grant, based on its IRS Form 990 filings.
How much is The Grace Law Trust XXXXX3003 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Grace Law Trust XXXXX3003 reported a distributable amount of $62K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Grace Law Trust XXXXX3003's EIN?
The Grace Law Trust XXXXX3003's EIN (Employer Identification Number) is 61-6125331. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.