William M & Ann K Grace Foundation

Private foundation · Grantmaker Scottsdale, AZ EIN: 56-2529760

The William M & Ann K Grace Foundation is a private foundation based in Scottsdale, Arizona. It provides scholarships to students at all levels of schooling and supports scholarship funds, schools, pediatric cancer research, and families dealing with pediatric cancer.

Key facts about William M & Ann K Grace Foundation

In short: William M & Ann K Grace Foundation gave $554K across 66 grants in 2024 (avg $8K), top state Ohio. Source: 2024 IRS Form 990-PF.

EIN
56-2529760
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$554,078
Grants made (2024)
66
Average grant
$8,395
Median grant
$4,000
Total assets
$12,456,710
Primary geography
Ohio (36% of itemized 2024 grant dollars)
How to apply
Request a scholarship application from the foundation. Full details ↓
Deadline
March 1 each year.

Data from IRS Form 990-PF, 2024; updated October 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$12.5M

-2.5% YoY

Annual Giving

$554K

-19.0% YoY

Grant Count

66

-27.5% YoY

Avg Grant Size

$8K

+11.6% YoY

Under IRS private-foundation payout rules, William M & Ann K Grace Foundation reported a distributable amount of $296K for 2024 — the minimum it must pay out in qualifying distributions.

How William M & Ann K Grace Foundation gives

  • Giving fell 56% from 2021 to 2024. Method
  • In 2024 it paid out 187% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The foundation provides individual scholarships based on merit or need, awards grants to existing scholarship funds, and gives grants directly to schools for facilities, scholarships, or general support. It also supports pediatric research and families dealing with pediatric cancer.

Among its grantees, the Children’s Oncology Group Foundation says it helps support the research of the Children’s Oncology Group, which it describes as the world’s largest organization devoted exclusively to childhood and adolescent cancer research. The University of Arizona Foundation says it supports and enhances the university’s vision, mission, and values through the development and management of private support.

Grantmaking

In 2024, the foundation reported 66 grants totaling $554,078. Grant amounts ranged from $520 to $198,312, with a median of $4,000. The largest awards included $198,312 to Cincinnati Children’s Hospital for youth health and $83,333 to the Children’s Oncology Group Foundation for youth health. Other notable grants included $12,500 to Phoenix Children’s Foundation for general support and $10,500 to the University of Arizona Foundation for youth enhancement.

The foundation’s filing states that its scholarship application is available to anyone who requests one and can be obtained by contacting the foundation. Scholarships are offered for private grade schools, high schools, colleges, and universities, based on merit or need.

Review Cycle

March 1 each year.

How to Apply

Request a scholarship application from the foundation. The filing lists the William and Ann Grace Foundation as the contact for applications.

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Geographic Focus

Where this funder awards grants

The foundation says it awards grants and scholarships primarily in Arizona and Northwest Missouri. In 2024, grant dollars went mainly to recipients in Ohio (36%), Missouri (29%), Pennsylvania (15%), Arizona (9%), and Iowa (5%).

Grant Distribution by State

19states

Share of 2024 grant dollars across all 66 itemized grants.

Cities

MaryvilleSpringfieldTrentonKansas CitySaint JosephTempeColumbiaWarrensburgPhoenixAmesLawrenceTucsonIowa CityKirksvilleLeavenworthFairfieldOverland ParkAve MariaBroken ArrowCincinatti

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M131 grants2020 97 grants2021 92 grants2022 91 grants2023 66 grants2024

From 2020 to 2024, annual grant giving ranged from $544K (2020) to $1.3M (2021). In 2024 it made 66 grants totaling $554K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Cincinnati Children's Hospital: $198KCincinnati Children's Hospital$198KChildren's Oncology Group Foundation: $83KChildren's Oncology GroupFoundation$83KPhoenix Children's Foundation: $13KPhoenix Children's Foundation$13KUniversity of Arizona Foundation: $11KUniversity of ArizonaFoundation$11KM Martin: $10KM Martin$10KA Martin: $8KA Martin$8KK Anthony: $8KK Anthony$8KA Bonnell: $7KA Bonnell$7KT Peterson: $6KT Peterson$6KS Anthony: $6KS Anthony$6K

The largest 2024 recipient was Cincinnati Children's Hospital ($198K). Together the top 10 received $350K.

Organizations only. It also paid 2 individual scholarships ($8,771), which are not listed by name.

Grant Size Distribution

477 grants across all recorded years

471<$50K1$50–100K2$100–250K1$250–500K2$500K–1M$1–5M$5M+

The most common grant size was under $50K: 471 grants of 477 (99%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Cincinnati Children's Hospital Cincinatti, OHYouth Health$198,312
Children's Oncology Group Foundation Philadelphia, PAYouth Health$83,333
Phoenix Children's Foundation Phoenix, AZGeneral Support$12,500
University of Arizona Foundation Tucson, AZYouth Enhancement$10,500
M Martin Columbia, MOScholarship Award$10,000
A Martin Warrensburg, MOScholarship Award$8,000
K Anthony Maryville, MOScholarship Award$8,000
A Bonnell New Orleans, LAScholarship Award$7,000
T Peterson Iowa City, IAScholarship Award$6,250
S Anthony Maryville, MOScholarship Award$6,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2024 $12,456,710 $250,734 $571,177 $554,078
2023 $12,772,374 $558,452 $696,927 $684,274
2022 $12,889,816 $327,831 $962,389 $931,391
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M$2M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$12,456,710$12,772,374$12,889,816
Revenue$250,734$558,452$327,831
Expenses$571,177$696,927$962,389
Qualifying Distributions$554,078$684,274$931,391
Net Investment Income$250,734$558,452$162,473
Distributable Amount$296,121$624,227$632,565

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Howard Grace, William Grace, and Heather Kaiser as trustees. The foundation’s website identifies Kate Kaiser as President of the Grace Foundation.

William M & Ann K Grace Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Heather Kaiser

    Trustee

    On filings since 2020

    No compensation reported

  • Howard Grace

    Trustee

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • William Grace

    Trustee

    On filings since 2020

    0.5 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.

Contact

Application contact: William And Ann Grace Foundation
Mailing address: 6925 E Indian School Rd, Scottsdale, AZ 85251
Phone: (602) 956-8254

Frequently asked questions about William M & Ann K Grace Foundation

How much does William M & Ann K Grace Foundation give each year?

William M & Ann K Grace Foundation gave $554K across 66 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $684K across 91 grants.

What is William M & Ann K Grace Foundation's typical grant size?

William M & Ann K Grace Foundation's median grant in 2024 was $4,000, and its average grant was $8,395, across 66 grants on its 2024 IRS Form 990-PF.

Where does William M & Ann K Grace Foundation give grants?

William M & Ann K Grace Foundation's top state is Ohio, with 36% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Missouri (29%) and Pennsylvania (15%). The most frequent recipient cities were Maryville, MO (18 grants), Kansas City, MO (4 grants), Tucson, AZ (3 grants) and Phoenix, AZ (3 grants).

Does William M & Ann K Grace Foundation give general operating support?

Occasionally: 3% of William M & Ann K Grace Foundation's 2024 grants with a stated purpose (2 of 66) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Scholarship Award" (57 grants) and "Youth Health" (3 grants).

Who are William M & Ann K Grace Foundation's largest grantees?

William M & Ann K Grace Foundation's largest 2024 grantees include Cincinnati Children's Hospital ($198,312), Children's Oncology Group Foundation ($83,333) and Phoenix Children's Foundation ($12,500), according to its 2024 IRS Form 990-PF. It also paid 2 individual scholarships ($8,771), which are not listed by name. Together they received 53% of its itemized 2024 grant dollars.

How large is William M & Ann K Grace Foundation?

William M & Ann K Grace Foundation reported $12.5M in total assets on its 2024 IRS Form 990-PF. It paid out $554K in qualifying distributions that year, against a required minimum of $296K (roughly 5% of its investment assets).

What does William M & Ann K Grace Foundation fund?

The foundation provides individual scholarships based on merit or need, awards grants to existing scholarship funds, and gives grants directly to schools for facilities, scholarships, or general support. It also supports pediatric research and families dealing with pediatric cancer. See mission & focus areas ↑

How do I apply for a grant from William M & Ann K Grace Foundation?

Request a scholarship application from the foundation. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is William M & Ann K Grace Foundation's EIN?

William M & Ann K Grace Foundation's EIN (Employer Identification Number) is 56-2529760. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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