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Grace Philanthropic Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2019. The principal officer is Foundation Source. It holds total assets of $1.7M. Annual income is reported at $328K. Total assets have grown from $674K in 2019 to $1.5M in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in California, New Jersey and Texas. According to available records, Grace Philanthropic Foundation has made 36 grants totaling $366K, with a median grant of $9K. Annual giving has grown from $78K in 2020 to $130K in 2023. Grantmaking activity was highest in 2022 with $158K distributed across 14 grants. Individual grants have ranged from $2K to $28K, with an average award of $10K. The foundation has supported 18 unique organizations. The foundation primarily supports organizations in New York, California, Hawaii, which account for 42% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$12K
Average Grant
$13K
Largest Grant
$25K
Based on 6 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 Philanthropic Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 36 grants. Its grantmaking reaches organizations primarily in NY, CA, HI.
Grace Philanthropic Foundation has distributed a total of $366K across 36 grants. The median grant size is $9K, with an average of $10K. Individual grants have ranged from $2K to $28K.
Grace Philanthropic Foundation typically selects its grantees rather than accepting unsolicited proposals.
Grace Philanthropic Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Yong Yeow Yeoh | Dir, Pres, Sec, Treas | $0 | $0 | N/A |
Total Giving
$147K
Total Assets
$1.5M
Fair Market Value
$1.9M
Net Worth
$1.5M
Grants Paid
$130K
Contributions
$388K
Net Investment Income
$19K
Distribution Amount
$72K
Total Grants
36
Total Giving
$366K
Average Grant
$10K
Median Grant
$9K
Unique Recipients
18
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| V JohnScholarship grant | Winchester | $20K | 2023 |
| A AshbyScholarship Grant | Rocklin, CA | $18K | 2023 |
| J RossScholarship Grant | Wilmore, KY | $17K | 2023 |
| M McloughlinScholarship Grant | Tucson, AZ | $14K | 2023 |
| A KirkScholarship Grant | Edmonton | $14K | 2023 |
| C NcubeScholarship Grant | Makhanda | $9K | 2023 |
| P SibandaScholarship Grant | Grahamstown | $9K | 2023 |
| K KaternyaScholarship Grant | Staten Island, NY | $8K | 2023 |
| N LashleyScholarship Grant | Oxford | $6K | 2023 |
| P AbrolScholarship grant | New York, NY | $6K | 2023 |
| D GomaniScholarship Grant | Alice | $4K | 2023 |
| M MorinShort-term Emergency Assistance Grant | Brooklyn, NY | $3K | 2023 |
| S BrownScholarship Grant | City Of Tshwane | $2K | 2023 |
| R TaoleScholarship Grant | Stellenbosch | $3K | 2022 |
| L GuzmanScholarship Grant | Yonkers, NY | $15K | 2020 |
| M QuiroaShort-term Emergency Assistance Grant | Long Island City, NY | $5K | 2020 |
| M SamuelsShort-term Emergency Assistance Grant | Saint Albans, NY | $5K | 2020 |
| J ThomasShort-term Emergency Assistance Grant | New York, NY | $3K | 2020 |