Trace Foundation

ANNAPOLIS, MD EIN: 47-5363033

Trace Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANNAPOLIS, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.9M in total assets. In 2024, it awarded 3 grants totaling $100K. Net investment income was $102K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.9M

+8.0% YoY

Annual Giving

$100K

+566.7% YoY

Grant Count

+200.0% YoY

Avg Grant Size

$33K

+122.2% YoY

Under IRS private-foundation payout rules, Trace Foundation reported a distributable amount of $136K for 2024 — the minimum it must pay out in qualifying distributions.

About Trace Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

District of Columbia $148K (50%)

Missouri $95K (32%)

Massachusetts $30K (10%)

California $25K (8%)

States

California District of Columbia Massachusetts Missouri

Cities

BerkeleyBostonColumbiaWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,889,995	$2,675,520	$2,340,072
Revenue	$298,508	$388,940	$505,263
Expenses	$168,839	$195,927	$897,401
Qualifying Distributions	$168,839	$195,927	$897,401
Net Investment Income	$102,405	$91,426	$58,266
Distributable Amount	$135,534	$121,981	$128,586

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

22 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Integrity Fellowship and Sanctuary ($40,000), The Oo Project Inc ($40,000), The International Centre for Criminal Law Reform and Criminal Justice Polic ($20,000).

Recipient	Purpose	Amount
THE INTERNATIONAL CENTRE FOR CRIMINAL LAW REFORM AND CRIMINAL JUSTICE POLIC	CONTRIBUTION TO ASSIST IN THE FUNDING OF AN ANTI-CORRUPTION INSTITUTE WITHIN THE INTERNATIONAL CENTRE FOR CRIMINAL LAW REFORM AND CRIMINAL JUSTICE POLICY.	$20,000
THE INTEGRITY FELLOWSHIP AND SANCTUARY	OPERATING GRANT TO SUPPORT A SANCTUARY PROGRAM CREATED BY THE IFS TO ENABLE WHISTLEBLOWERS TO FLEE HIGH RISK COUNTRIES AND THEN HELP THEM GET TO SAFETY IN CANADA	$40,000
THE OO PROJECT INC WASHINGTON, DC	GENERAL OPERATING GRANT FOR THE OUTLAW OCEAN PROJECT	$40,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ALEXANDRA WRAGE	PRESIDENT	—	—
JOSH WALLENSTEIN	DIRECTOR	—	—
JONATHAN DRIMMER	DIRECTOR	—	—
JESSIE REYNOLDS O'NEIL	TREASURER	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Trace Foundation?

Trace Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANNAPOLIS, MD. It holds $2.9M in total assets as of 2024.

How large is Trace Foundation?

As of 2024, Trace Foundation holds $2.9M in total assets with $299K in annual revenue. It awarded 3 grants totaling $100K in 2024.

Where does Trace Foundation operate?

Trace Foundation has awarded grants in California, District of Columbia, Massachusetts, Missouri.

What size grants does Trace Foundation award?

In 2024, Trace Foundation awarded 3 grants totaling $100K — an average of about $33K per grant, based on its IRS Form 990 filings.

How much is Trace Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Trace Foundation reported a distributable amount of $136K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.