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Grace Foundation is a private corporation based in FAYETTEVILLE, NC. The foundation received its IRS ruling in 1997. It holds total assets of $352K. Annual income is reported at $31K. Total assets have decreased from $578K in 2011 to $352K in 2024. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2024. Grantmaking is concentrated in North Carolina. According to available records, Grace Foundation has made 20 grants totaling $355K, with a median grant of $5K. Annual giving has grown from $55K in 2020 to $181K in 2023. Individual grants have ranged from $500 to $138K, with an average award of $18K. The foundation has supported 11 unique organizations. Grants have been distributed to organizations in North Carolina and Maryland and Virginia. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$10K
Average Grant
$21K
Largest Grant
$46K
Based on 5 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Grace Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in NC, MD, VA.
Grace Foundation has distributed a total of $355K across 20 grants. The median grant size is $5K, with an average of $18K. Individual grants have ranged from $500 to $138K.
Grace Foundation is a private foundation. To inquire about grants, you can look up the foundation using their EIN (562006078) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Grace Foundation is headquartered in FAYETTEVILLE, NC. While based in NC, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Charlene Hamlett | PRESIDENT | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$352K
Fair Market Value
N/A
Net Worth
$352K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
20
Total Giving
$355K
Average Grant
$18K
Median Grant
$5K
Unique Recipients
11
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Grace Ministries Of Durham NcGENERAL | Durham, NC | $138K | 2023 |
| NatresGENERAL | Durham, NC | $17K | 2023 |
| Fruit Bearing Minstries Of Durham NGENERAL | Durham, NC | $17K | 2023 |
| WrtpGENERAL FUND | Raleigh, NC | $5K | 2023 |
| Immanuel FwbcGENERAL | Durham, NC | $3K | 2023 |
| Piedmont Community CollegeGENERAL FUND | Roxboro, NC | $500 | 2023 |
| Natres Conservation InitiativeGENERAL FUND | Durham, NC | $46K | 2021 |
| Fruit Bearing Ministries Of DurhamGENERAL FUND | Durham, NC | $46K | 2021 |
| Christian Outreach MinistiresGENERAL FUND | Fayetteville, NC | $10K | 2021 |
| World Mission MinistriesGENERAL FUND | Clinton, MD | $3K | 2020 |
| Regent UniversityGENERAL FUND | Virginia Beach, VA | $2K | 2020 |