The Works of Grace Foundation
The Works of Grace Foundation is a private foundation, based in Austin, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 7 grants totaling $156K. Net investment income was $142K.
The Works of Grace Foundation at a glance
In short: The Works of Grace Foundation gave $156K across 7 grants in 2024 (avg $22K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $156,300
- -6.1% vs 2023
- Grants made (2024)
- 7
- -12.5% vs 2023
- Average grant
- $22,329
- +7.3% vs 2023
- Median grant
- $10,000
- Total assets
- $3,650,859
- +3.3% vs 2023
- Primary geography
- Massachusetts (67% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Works of Grace Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was American Friends of the Royal Foundation of the Prince and Princess of Wale ($104K). Together the top 7 received $156K.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 24 grants of 27 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How The Works of Grace Foundation gives
- Giving grew 1203% from 2021 to 2024. Method
- In 2024 it paid out 91% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $12K (2021) to $175K (2022). In 2024 it made 7 grants totaling $156K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Friends of the Royal Foundation of the Prince and Princess of Wale Newton, MA | To Support the Organization's Purpose | $104,300 |
| Mobile Loaves and Fishes Austin, TX | To Support the Organization's Purpose | $20,000 |
| Chapel & York Foundation New York, NY | To Support the Organization's Purpose | $11,000 |
| Royal Oak Foundation New York, NY | To Support the Organization's Purpose | $10,000 |
| The Trail Foundation Austin, TX | To Support the Organization's Purpose | $5,000 |
| Center for Child Protection Austin, TX | To Support the Organization's Purpose | $5,000 |
| Rhodesiian Ridgeback Rescue Foundation Paradise, TX | To Support the Organization's Purpose | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,650,859 | $182,200 | $204,194 | $156,300 | 7 | $163,667 | $141,673 | $179,497 |
| 2023 | $3,535,427 | $78,047 | $203,677 | $166,500 | 8 | $169,050 | $55,701 | $168,408 |
| 2022 | $3,309,207 | $6,919 | $209,929 | $175,000 | 2 | $175,000 | $72,737 | $174,848 |
| 2021 | $3,968,270 | $222,198 | $41,609 | $12,000 | 3 | $12,000 | $192,785 | $187,027 |
| 2020 | $3,682,186 | $73,823 | $57,638 | $25,000 | 7 | — | $45,874 | $147,493 |
Under IRS private-foundation payout rules, The Works of Grace Foundation reported a distributable amount of $179K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Works of Grace Foundation is led by Benjamin David Wood, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Benjamin David Wood
President
On filings since 2020
5 hrs/week
No compensation reported
Theresa Castellano
Vice President
On filings since 2020
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Works of Grace Foundation
How much does The Works of Grace Foundation give each year?
The Works of Grace Foundation gave $156K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $167K across 8 grants.
What is The Works of Grace Foundation's typical grant size?
The Works of Grace Foundation's median grant in 2024 was $10,000, and its average grant was $22,329, across 7 grants on its 2024 IRS Form 990-PF.
Where does The Works of Grace Foundation give grants?
The Works of Grace Foundation gives mostly in Massachusetts: 67% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Texas (20%) and New York (13%). The most frequent recipient cities were Austin, TX (3 grants) and New York, NY (2 grants).
Does The Works of Grace Foundation give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on The Works of Grace Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Support the Organization's Purpose" (7 grants).
Who are The Works of Grace Foundation's largest grantees?
The Works of Grace Foundation's largest 2024 grantees include American Friends of the Royal Foundation of the Prince and Princess of Wale ($104,300), Mobile Loaves and Fishes ($20,000) and Chapel & York Foundation ($11,000), according to its 2024 IRS Form 990-PF. Together they received 87% of its itemized 2024 grant dollars.
How large is The Works of Grace Foundation?
The Works of Grace Foundation reported $3.7M in total assets on its 2024 IRS Form 990-PF. It paid out $164K in qualifying distributions that year, against a required minimum of $179K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Works of Grace Foundation's EIN?
The Works of Grace Foundation's EIN (Employer Identification Number) is 75-2906814. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 8, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Added Form 990-PF for fiscal year 2024 (received by the IRS April 29, 2026)
- IRS filings on file for fiscal years 2020–2023
Explore Open Grants
Browse active grant opportunities in The Works of Grace Foundation's focus areas in our free grants database
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