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Grace Foundation is a private corporation based in AMES, IA. The foundation received its IRS ruling in 1978. It holds total assets of $766K. Annual income is reported at $501K. The foundation is governed by 8 officers and trustees. Educational grants for students from china and southeast asian countries. Tax records are available from 2017 to 2024. Funding is distributed across 5 states, including California, Kentucky, Texas. According to available records, Grace Foundation has made 21 grants totaling $170K, with a median grant of $5K. The foundation has distributed between $53K and $61K annually from 2022 to 2024. Individual grants have ranged from $3K to $33K, with an average award of $9K. The foundation has supported 9 unique organizations. The foundation primarily supports organizations in Kentucky, California, Texas, which account for 86% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$6K
Average Grant
$8K
Largest Grant
$19K
Based on 8 grants from the most recent 990-PF filing.
Educational grants for students from china and southeast asian countries
Expenses: $56K
Educational grants for students from china and southeast asian countries. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in KY, CA, TX.
Grace Foundation has distributed a total of $170K across 21 grants. The median grant size is $5K, with an average of $9K. Individual grants have ranged from $3K to $33K.
The application deadline is APPLICANTS MAY REQUEST APPLICATION INFORMATION BROCHURE SEP 1 TO OCT 31, SUBMISSION DEADLINE FEB 1ST. Awards are educational grants for students from china and southeast asian countries only.
Grace Foundation is headquartered in AMES, IA. While based in IA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Christina Chan | TRUSTEE | $0 | $0 | N/A |
| William E Blodgett | TREASURER | $0 | $0 | N/A |
| Danny Chan | TRUSTEE | $0 | $0 | N/A |
| Trey Hawkins | SECRETARY | $0 | $0 | N/A |
| Lis Yeun | TRUSTEE | $0 | $0 | N/A |
| George Chan | CHAIRMAN | $0 | $0 | N/A |
| Ming Chan | TRUSTEE | $0 | $0 | N/A |
| Abigail Hawkins | TRUSTEE | $0 | $0 | N/A |
Total Giving
$67K
Total Assets
$766K
Fair Market Value
$1.2M
Net Worth
$766K
Grants Paid
$53K
Contributions
N/A
Net Investment Income
$132K
Distribution Amount
$57K
Total Grants
21
Total Giving
$170K
Average Grant
$9K
Median Grant
$5K
Unique Recipients
9
Most Common Grant
$4K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Asbury Theological SeminaryPROGRAM SUPPORT | Wilmore, KY | $33K | 2024 |
| Sw Baptist Theological SeminaryPROGRAM SUPPORT | Fort Worth, TX | $8K | 2024 |
| Fuller Theological SeminaryPROGRAM SUPPORT | Pasadena, CA | $6K | 2024 |
| Graduate Theological UnionPROGRAM SUPPORT | Berkeley, CA | $4K | 2024 |
| Dallas Theological SeminaryPROGRAM SUPPORT | Dallas, TX | $4K | 2024 |
| Southern Baptist Theological SeminaryPROGRAM SUPPORT | Louisville, KY | N/A | 2024 |
| Trinity Evangelical Divinity SchoolPROGRAM SUPPORT | Deerfield, IL | $4K | 2023 |
| American Chinese Evangelical SeminaryPROGRAM SUPPORT | Sunnyvale, CA | $4K | 2022 |
| St Paul School Of TheologyPROGRAM SUPPORT | Leawood, KS | $4K | 2022 |