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
Under IRS private-foundation payout rules, The Works of Grace Foundation reported a distributable amount of $168K for 2023 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2023 grants, the largest include American Friends of the Royal Foundation of Prince William and Prince Harry ($121,000), Mobile Loaves and Fishes ($20,000), Royal Oak Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN FRIENDS OF THE ROYAL FOUNDATION OF PRINCE WILLIAM AND PRINCE HARRY NEW YORK, NY | TO SUPPORT THE ORGANIZATION'S PURPOSE | $121,000 |
| THE TRAIL FOUNDATION AUSTIN, TX | TO SUPPORT THE ORGANIZATION'S PURPOSE | $5,000 |
| ROYAL OAK FOUNDATION NEW YORK, NY | TO SUPPORT THE ORGANIZATION'S PURPOSE | $10,000 |
| IMAGINE AWAY FOUNDATION LEANDER, TX | TO SUPPORT THE ORGANIZATION'S PURPOSE | $1,000 |
| IMPACT CARES FOUNDATION AUSTIN, TX | TO SUPPORT THE ORGANIZATION'S PURPOSE | $500 |
| MOBILE LOAVES AND FISHES AUSTIN, TX | TO SUPPORT THE ORGANIZATION'S PURPOSE | $20,000 |
| TRAIL CONSERVANCY AUSTIN, TX | TO SUPPORT THE ORGANIZATION'S PURPOSE | $5,000 |
| HAILEY SOCCER INC HAILEY, ID | TO SUPPORT THE ORGANIZATION'S PURPOSE | $4,000 |
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
Frequently Asked Questions
What is The Works of Grace Foundation?
The Works of Grace Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. It holds $3.5M in total assets as of 2023.
How large is The Works of Grace Foundation?
As of 2023, The Works of Grace Foundation holds $3.5M in total assets with $78K in annual revenue. It awarded 8 grants totaling $167K in 2023.
Where does The Works of Grace Foundation operate?
The Works of Grace Foundation has awarded grants in California, Idaho, Indiana, New York, Texas, Washington.
What size grants does The Works of Grace Foundation award?
In 2023, The Works of Grace Foundation awarded 8 grants totaling $167K — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is The Works of Grace Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Works of Grace Foundation reported a distributable amount of $168K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2023.
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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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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