The Pace Family Foundation Inc
The Pace Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Princeton, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 26 grants totaling $102K. Net investment income was $69K.
Key facts about The Pace Family Foundation Inc
- EIN
- 55-0768136
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $101,762
- Grants made (2024)
- 26
- Average grant
- $3,914
- Median grant
- $1,500
- New grantees (estimate)
- 12% first-time grantees (3 of 26, 2024)
- Total assets
- $1,434,942
- Primary geography
- West Virginia (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Pace Family Foundation Inc funds
By grant dollars, the top recipient states for The Pace Family Foundation Inc's 26 itemized 2024 grants were West Virginia (100%). The most frequent recipient cities were Princeton, WV (13 grants), Bluefield, WV (5 grants), Charleston, WV (4 grants) and Huntington, WV (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is The Pace Family Foundation Inc open to new grantees?
12%
first-time grantees, 2024
In 2024, 3 of 26 grantees (12%) were first-time recipients. First grants averaged $1K; repeat grants $4K. How we count
Medians: $2K first-time, $2K repeat.
- 85% of 2024 grantees were also funded in 2023. Method
- Giving grew 35% from 2021 to 2024. Method
- In 2024 it paid out 118% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Pace Family Foundation Inc
- How to evaluate The Pace Family Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
-0.0% YoY
Annual Giving
$102K
+27.5% YoY
Grant Count
26
+0.0% YoY
Avg Grant Size
$4K
+27.5% YoY
Under IRS private-foundation payout rules, The Pace Family Foundation Inc reported a distributable amount of $87K for 2024 — the minimum it must pay out in qualifying distributions.
About The Pace Family Foundation Inc
Based on IRS filings
The Pace Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Princeton, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 26 grants totaling $102K. Net investment income was $69K.
Focus Areas
Ready to take the next step with The Pace Family Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 26 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,434,942 | $1,434,951 | $1,417,661 |
| Revenue | $104,805 | $99,599 | $108,853 |
| Expenses | $103,313 | $81,274 | $90,178 |
| Qualifying Distributions | $102,933 | $80,894 | $89,685 |
| Net Investment Income | $69,138 | $62,422 | $59,108 |
| Distributable Amount | $87,280 | $82,884 | $157,440 |
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 10 recipients in 2024
Grant Size Distribution
125 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Marshall University Foundation ($35,000), Concord University Foundation ($21,000), Chuck Mathena Foundation ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MARSHALL UNIVERSITY FOUNDATION Huntington, WV | OPERATING FUNDS | $35,000 |
| CONCORD UNIVERSITY FOUNDATION Athens, WV | OPERATING FUNDS | $21,000 |
| CHUCK MATHENA FOUNDATION Princeton, WV | OPERATING FUNDS | $8,000 |
| BIG GREEN SCHOLARSHIP FOUNDATION Huntington, WV | OPERATING FUNDS | $5,000 |
| SALVATION ARMY OF PRINCETON WV Princeton, WV | OPERATING FUNDS | $4,000 |
| CITY OF PRINCETON Princeton, WV | OPERATING FUNDS | $3,000 |
| PRINCETON COMMUNITY HOSPITAL FOUND Princeton, WV | OPERATING FUNDS | $2,000 |
| TENDER MERCIES MINISTRIES INC Princeton, WV | OPERATING FUNDS | $2,000 |
| CHILDREN'S HOME SOCIETY OF WV Charleston, WV | OPERATING FUNDS | $2,000 |
| MOUNTAIN MISSION Charleston, WV | OPERATING FUNDS | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Margaret a Pace | President & | 1 | — |
| Charles W Pace | Vice-Pres & | 5 | — |
| C W Pace Jr | Treas & Dire | 1 | — |
| Cynthia Jones | Secretary/Di | 1 | — |
| Tiffany Pace | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Pace Family Foundation Inc?
The Pace Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Princeton, WV. It holds $1.4M in total assets as of 2024.
How large is The Pace Family Foundation Inc?
As of 2024, The Pace Family Foundation Inc holds $1.4M in total assets with $105K in annual revenue. It awarded 26 grants totaling $102K in 2024.
Where does The Pace Family Foundation Inc operate?
The Pace Family Foundation Inc has awarded grants in Florida, West Virginia.
What size grants does The Pace Family Foundation Inc award?
In 2024, The Pace Family Foundation Inc awarded 26 grants totaling $102K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Pace Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Pace Family Foundation Inc reported a distributable amount of $87K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Pace Family Foundation Inc's EIN?
The Pace Family Foundation Inc's EIN (Employer Identification Number) is 55-0768136. 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.