William & Grace Mathews Charitable Foundation
William & Grace Mathews Charitable Foundation is a private foundation, based in Timnath, CO. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $211K in total assets. In 2025, it awarded 3 grants totaling $70K.
William & Grace Mathews Charitable Foundation at a glance
In short: William & Grace Mathews Charitable Foundation gave $70K across 3 grants in 2025 (avg $23K), mostly in Colorado. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $70,000
- +16.7% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $23,333
- +16.7% vs 2024
- Median grant
- $20,000
- Total assets
- $211,198
- -21.5% vs 2024
- Primary geography
- Colorado (71% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who William & Grace Mathews Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Hillsdale College ($20K). Together the top 2 received $40K.
Organizations only. It also paid 1 individual scholarship ($30,000), which are not listed by name.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How William & Grace Mathews Charitable Foundation gives
- Giving grew 56% from 2022 to 2025. Method
- In 2025 it paid out 516% of its IRS minimum distribution (the 5% rule). 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 2025, annual grant giving ranged from $45K (2020) to $70K (2025). In 2025 it made 3 grants totaling $70K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $30,000 |
| Hillsdale College Hillsdale, MI | Educational Scholarships | $20,000 |
| Pueblo Community College Pueblo, CO | Educational Scholarships | $20,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $211,198 | $27,380 | $85,244 | $70,000 | 3 | $70,000 | — | $13,555 |
| 2024 | $269,062 | $25,662 | $75,340 | $60,000 | 3 | $60,000 | — | $16,058 |
| 2023 | $318,740 | $5,764 | $60,937 | $45,000 | 3 | $45,000 | — | $16,810 |
| 2022 | $373,913 | $8,260 | $61,825 | $45,000 | 3 | $45,000 | — | $19,480 |
| 2021 | $427,645 | $25,976 | $68,948 | $55,000 | 3 | $55,000 | $12,028 | $23,850 |
| 2020 | $471,294 | $57,480 | $55,568 | $45,000 | 3 | — | $46,912 | $22,457 |
Under IRS private-foundation payout rules, William & Grace Mathews Charitable Foundation reported a distributable amount of $14K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
William & Grace Mathews Charitable Foundation's 2025 filing lists 3 officers; all 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Bridget Masters
Trustee
On filings since 2020
2 hrs/week
$500 (2020) → $550 (2025)
Richard D. Clark
Trustee
On filings since 2020
10 hrs/week
$5K (2020) → $6K (2025)
Robert Norris
Trustee
On filings since 2020
2 hrs/week
$1K (2020) → $550 (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $6K, to Richard D Clark (Trustee). 3 officers or directors reported compensation on that filing.
Frequently asked questions about William & Grace Mathews Charitable Foundation
How much does William & Grace Mathews Charitable Foundation give each year?
William & Grace Mathews Charitable Foundation gave $70K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $60K across 3 grants.
What is William & Grace Mathews Charitable Foundation's typical grant size?
William & Grace Mathews Charitable Foundation's median grant in 2025 was $20,000, and its average grant was $23,333, across 3 grants on its 2025 IRS Form 990-PF.
Where does William & Grace Mathews Charitable Foundation give grants?
William & Grace Mathews Charitable Foundation gives mostly in Colorado: 71% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Michigan (29%).
Does William & Grace Mathews Charitable Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on William & Grace Mathews Charitable Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational Scholarships" (3 grants).
How large is William & Grace Mathews Charitable Foundation?
William & Grace Mathews Charitable Foundation reported $211K in total assets on its 2025 IRS Form 990-PF. It paid out $70K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets).
What is William & Grace Mathews Charitable Foundation's EIN?
William & Grace Mathews Charitable Foundation's EIN (Employer Identification Number) is 74-2339562. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 26, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 23, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 1, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 23, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 3, 2026)
- IRS filings on file for fiscal years 2020–2025
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