The Works of Grace Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $3.5M in total assets. In 2023, it awarded 8 grants totaling $167K. Net investment income was $56K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$3.5M
+6.8% YoY
Annual Giving
$167K
-4.9% YoY
Grant Count
8
+300.0% YoY
Avg Grant Size
$21K
-76.2% YoY
About The Works of Grace Foundation
Based on IRS filings
The Works of Grace Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $3.5M in total assets. In 2023, it awarded 8 grants totaling $167K. Net investment income was $56K.
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 | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $3,535,427 | $3,309,207 | $3,968,270 |
| Revenue | $78,047 | $6,919 | $222,198 |
| Expenses | $203,677 | $209,929 | $41,609 |
| Qualifying Distributions | $169,050 | $175,000 | $12,000 |
| Net Investment Income | $55,701 | $72,737 | $192,785 |
| Distributable Amount | $168,408 | $174,848 | $187,027 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2023
Grant Size Distribution
20 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 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THERESA CASTELLANO | VICE-PRESIDENT | 5 | — |
| BENJAMIN DAVID WOOD | PRESIDENT | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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