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Grace Foundation Of Memphis Inc. is a private corporation based in MEMPHIS, TN. The foundation received its IRS ruling in 1992. The principal officer is Comm Found Of Greater Memphis Inc.. It holds total assets of $30.9M. Annual income is reported at $18.6M. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Tennessee and Alabama. According to available records, Grace Foundation Of Memphis Inc. has made 210 grants totaling $7.8M, with a median grant of $5K. Annual giving has grown from $1.7M in 2020 to $2.1M in 2023. Grantmaking activity was highest in 2022 with $4M distributed across 98 grants. Individual grants have ranged from $250 to $1.2M, with an average award of $37K. The foundation has supported 95 unique organizations. The foundation primarily supports organizations in Tennessee, Alabama, Ohio, which account for 85% of all grants. Grantmaking reaches organizations across 13 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$5K
Average Grant
$41K
Largest Grant
$1.2M
Based on 49 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 Of Memphis Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 210 grants. Its grantmaking reaches organizations primarily in TN, AL, OH.
Grace Foundation Of Memphis Inc. has distributed a total of $7.8M across 210 grants. The median grant size is $5K, with an average of $37K. Individual grants have ranged from $250 to $1.2M.
Grace Foundation Of Memphis Inc. is a private foundation. To inquire about grants, you can look up the foundation using their EIN (621469984) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Grace Foundation Of Memphis Inc. is headquartered in MEMPHIS, TN. While based in TN, the foundation distributes grants to organizations across 13 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Harry L Smith | CHAIRMAN OF THE BOARD | $0 | $0 | N/A |
| Mary Elizabeth Smith | VICE CHAIRMAN OF THE BOARD | $0 | $0 | N/A |
| Leslie Jones | SECRETARY/TREASURER | $0 | $0 | N/A |
| Shana R South | CHIEF FINANCIAL OFFICER | $0 | $0 | N/A |
| B Rex Jones | PRESIDENT/CHIEF EXECUTIVE | $0 | $0 | N/A |
Total Giving
$2.3M
Total Assets
$32.1M
Fair Market Value
$32.1M
Net Worth
$32.1M
Grants Paid
$2.1M
Contributions
$100K
Net Investment Income
$676K
Distribution Amount
$1.6M
Total: $29.9M
Total Grants
210
Total Giving
$7.8M
Average Grant
$37K
Median Grant
$5K
Unique Recipients
95
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Union UniversityPROGRAM SUPPORT | Jackson, TN | $601K | 2023 |
| Bellevue Baptist ChurchPROGRAM SUPPORT | Cordova, TN | $397K | 2023 |
| Shoals Christian SchoolPROGRAM SUPPORT | Florence, AL | $250K | 2023 |
| Stand For Truth IncPROGRAM SUPPORT | Hilliard, OH | $100K | 2023 |
| Favor International IncPROGRAM SUPPORT | Bradenton, FL | $100K | 2023 |
| University Of North Alabama FoundationPROGRAM SUPPORT | Florence, AL | $76K | 2023 |
| The Bill And Carol Latimer Charitable FoundationPROGRAM SUPPORT | Union City, TN | $75K | 2023 |
| Bellvue Foundation IncPROGRAM SUPPORT | Cordova, TN | $59K | 2023 |
| Blue Mountain CollegePROGRAM SUPPORT | Blue Mountain, MS | $50K | 2023 |
| Mid South Food BankPROGRAM SUPPORT | Memphis, TN | $50K | 2023 |
| Agape Child & Family ServicesPROGRAM SUPPORT | Memphis, TN | $30K | 2023 |
| The Salvation ArmyPROGRAM SUPPORT | Memphis, TN | $25K | 2023 |
| The Collegiate School Of MemphisPROGRAM SUPPORT | Memphis, TN | $20K | 2023 |
| Evangelical Alliance Mission (Team)PROGRAM SUPPORT | Carol Stream, IL | $18K | 2023 |
| Downline MinistriesPROGRAM SUPPORT | Memphis, TN | $16K | 2023 |
| Second Presbyterian Church Foundation IncPROGRAM SUPPORT | Memphis, TN | $15K | 2023 |
| Neighborhood Christian Centers IncPROGRAM SUPPORT | Memphis, TN | $15K | 2023 |
| The Mailbox ClubPROGRAM SUPPORT | Valdosta, GA | $15K | 2023 |
| Calvary Rescue MissionPROGRAM SUPPORT | Memphis, TN | $15K | 2023 |
| Mission Voice Network MinistriesPROGRAM SUPPORT | Clarksville, TN | $10K | 2023 |
| Memphis Union MissionPROGRAM SUPPORT | Memphis, TN | $10K | 2023 |
| Restoration Academy IncPROGRAM SUPPORT | Fairfield, AL | $10K | 2023 |
| Cape Bible Chapel IncPROGRAM SUPPORT | Cape Girardeau, MO | $10K | 2023 |
| Christ Community Health SciencesPROGRAM SUPPORT | Memphis, TN | $10K | 2023 |
| Memphis Leadership FoundationPROGRAM SUPPORT | Memphis, TN | $10K | 2023 |
| Arise2readPROGRAM SUPPORT | Memphis, TN | $10K | 2023 |
| Mission One IncPROGRAM SUPPORT | Phoenix, AZ | $10K | 2023 |
| Pioneer Missions GlobalPROGRAM SUPPORT | Jackson, TN | $9K | 2023 |
| Memphis Oral School For The DeafPROGRAM SUPPORT | Germantown, TN | $8K | 2023 |
| Advance MemphisPROGRAM SUPPORT | Memphis, TN | $8K | 2023 |
| Eikon MinistriesPROGRAM SUPPORT | Memphis, TN | $8K | 2023 |
| Transform ChurchPROGRAM SUPPORT | Cordova, TN | $8K | 2023 |
| Red Zone MinistriesPROGRAM SUPPORT | Memphis, TN | $8K | 2023 |
| Su Casa Family MinistriesPROGRAM SUPPORT | Memphis, TN | $5K | 2023 |
| Visible Music CollegePROGRAM SUPPORT | Memphis, TN | $5K | 2023 |
| Truth Seekers FellowshipPROGRAM SUPPORT | Memphis, TN | $5K | 2023 |
| Campus Outreach - BirminghamPROGRAM SUPPORT | Birmingham, AL | $5K | 2023 |
| Leadership Empowerment CenterPROGRAM SUPPORT | Memphis, TN | $5K | 2023 |
| MifaPROGRAM SUPPORT | Memphis, TN | $5K | 2023 |
| Orphanos FoundationPROGRAM SUPPORT | Cordova, TN | $5K | 2023 |
| Phoenix Benefit Club Of Birmingham IncPROGRAM SUPPORT | Birmingham, AL | $5K | 2023 |
| Reel Life International IncPROGRAM SUPPORT | Birmingham, AL | $5K | 2023 |
| Secrets Savored IncPROGRAM SUPPORT | Cordova, TN | $5K | 2023 |
| Shepherd'S HavenPROGRAM SUPPORT | Arlington, TN | $5K | 2023 |
| Standing Near The Cross IncPROGRAM SUPPORT | Oakland, TN | $5K | 2023 |
| Redeemer City To CityPROGRAM SUPPORT | New York, NY | $5K | 2023 |
| Harvest Church Of MemphisPROGRAM SUPPORT | Germantown, TN | $5K | 2023 |
| Menistry IncPROGRAM SUPPORT | Collierville, TN | $4K | 2023 |
| F3 Birmingham FoundationPROGRAM SUPPORT | Birmingham, AL | $3K | 2023 |
| Sav A Life IncPROGRAM SUPPORT | Vestavia, AL | $3K | 2023 |
UNION CITY, TN
CHATTANOOGA, TN
NASHVILLE, TN