The Graceworks Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BLOOMSBURY, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $17K in total assets. In 2024, it awarded 7 grants totaling $40K. Net investment income was $312.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17K
-74.4% YoY
Annual Giving
$40K
-31.0% YoY
Grant Count
7
-50.0% YoY
Avg Grant Size
$6K
+38.1% YoY
Under IRS private-foundation payout rules, The Graceworks Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About The Graceworks Foundation
Based on IRS filings
The Graceworks Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BLOOMSBURY, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $17K in total assets. In 2024, it awarded 7 grants totaling $40K. Net investment income was $312.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,123 | $66,855 | $125,406 |
| Revenue | $355 | — | $153,900 |
| Expenses | $47,692 | $60,946 | $64,284 |
| Qualifying Distributions | $40,158 | $58,163 | $59,275 |
| Net Investment Income | $312 | — | — |
| Distributable Amount | $1,666 | $4,257 | $3,659 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Evangel Chapel ($20,875), Tent Ministries Inc ($8,300), Information Available Upon Request ($4,650).
| Recipient | Purpose | Amount |
|---|---|---|
| COMPASSION INTERNATIONAL COLORADO SPRINGS, CO | TO FULFILL THEIR CHARITABLE PURPOSE. | $633 |
| EVANGEL CHAPEL BRIDGEWATER, NJ | TO FULFILL THEIR CHARITABLE PURPOSE. | $20,875 |
| INFORMATION AVAILABLE UPON REQUEST BLOOMSBURY, NJ | TO HELP INDIVIDUALS IN NEED. | $4,650 |
| INFORMATION AVAILABLE UPON REQUEST BLOOMSBURY, NJ | TO HELP NONPROFIT ORGANIZATIONS IN NEED. | $1,200 |
| MARY ELIZABETH HAIN PHILLIPSBURG, NJ | TO SUPPORT A SINGLE WORKING MOTHER THROUGH NURSING SCHOOL. | $900 |
| TENT MINISTRIES INC BROOKLYN, NY | TO FULFILL THEIR CHARITABLE PURPOSE. | $8,300 |
| THE CHRISTIAN AND MISSIONARY ALLIANCE REYNOLDSBURG, OH | TO FULFILL THEIR CHARITABLE PURPOSE. | $3,600 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID KNAUB | PRESIDENT | 0.5 | — |
| BETSY KNAUB | TREASURER | 0.5 | — |
| JOSHUA KNAUB | SECRETARY | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Graceworks Foundation?
The Graceworks Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BLOOMSBURY, NJ. It holds $17K in total assets as of 2024.
How large is The Graceworks Foundation?
As of 2024, The Graceworks Foundation holds $17K in total assets with $355 in annual revenue. It awarded 7 grants totaling $40K in 2024.
Where does The Graceworks Foundation operate?
The Graceworks Foundation has awarded grants in Colorado, Florida, Massachusetts, Missouri, New Jersey, New York, Ohio, Pennsylvania, Tennessee.
What size grants does The Graceworks Foundation award?
In 2024, The Graceworks Foundation awarded 7 grants totaling $40K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Graceworks Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Graceworks Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Graceworks Foundation's EIN?
The Graceworks Foundation's EIN (Employer Identification Number) is 87-1418180. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Graceworks Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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