William M & Ann K Grace Foundation
The William M & Ann K Grace Foundation is a private independent foundation established in 2005 and based in Scottsdale, Arizona. As a 501(c)(3) organization, it operates as a grantmaking foundation focused on education, scholarships, and pediatric health research.
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
Mission & Focus Areas
The foundation's primary activities include:
Individual Scholarships: Direct scholarships to students at all educational levels (private grade schools, high schools, colleges, universities) based on merit or need. Scholarship recipients must maintain a minimum 2.0 GPA with 12 or more credit hours per semester.
Institutional Grants: Grants to existing scholarship funds and direct grants to schools for facilities, scholarships, and general support. The foundation strongly encourages and gives preference to matching funds for grants to organizations.
Pediatric Cancer Research: Supports pediatric research focused on hepatoblastoma and other blastoma-related cancers, including exploration of less invasive chemotherapy and immunotherapy trials for blastoma cancers and blood disorders.
Family Support: Funds families dealing with pediatric cancer to help them focus on recovery and treatment.
Grantmaking
No specific application procedures or deadlines are detailed in available sources.
Average Grant
amount and median grant amount data available but specific figures not disclosed in sources
Review Cycle
are detailed in available sources.
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation awards grants and scholarships primarily in:
- Arizona
- Northwest Missouri
- Iowa (mentioned as a funding area)
- Missouri (mentioned as a primary funding area)
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $12,456,710
- Total Revenue: $250,734
- Total Expenses: $571,177
- Total Liabilities: $17,300
As of 2023:
- Total Assets: $12,772,374
- Total Revenue: $558,452
- Total Expenses: $696,927
The foundation has been tax-exempt since June 2007.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Founders:
William "Bill" M. Grace (1926-2004): A student of world politics and economics who served in the military and earned his BS and MBA from the University of Arizona (MBA in 1959). Before his death, he served as Vice President on the Board of Directors for the International Chronic Lymphatic Leukemia (CLL) Research Institute (incorporated with M.D. Anderson of the University of Texas, Houston). He also served on the Board of Directors for Bishop Leblond High School in St. Joseph, Missouri, and headed the Building/Construction Committee for the school's expansion.
Ann Kathryn (Kathy) Grace: Co-founder of W.M. Grace Companies in 1966 alongside Bill Grace.
The foundation was established in 2005 in Arizona, one year before William Grace's death in 2004.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HOWARD GRACE | TRUSTEE | 0.5 | — |
| WILLIAM GRACE | TRUSTEE | 0.5 | — |
| HEATHER KAISER | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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