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Also known as: fka GRACE VAN VORST EPISCOPAL HOUSING
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Grace Works Jersey City Inc. is a private corporation based in JERSEY CITY, NJ. The foundation received its IRS ruling in 2015. The principal officer is Bret Schundler. It holds total assets of $2.3M. Annual income is reported at $250K. Total assets have decreased from $3.3M in 2018 to $2.5M in 2022. The foundation is governed by 8 officers and trustees. 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 2017 to 2023. Grantmaking is concentrated in New Jersey. According to available records, Grace Works Jersey City Inc. has made 12 grants totaling $643K, with a median grant of $20K. Annual giving has decreased from $368K in 2022 to $275K in 2023. Individual grants have ranged from $10K to $198K, with an average award of $54K. The foundation has supported 7 unique organizations. Grant recipients are concentrated in New Jersey. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$10K
Average Grant
$37K
Largest Grant
$180K
Based on 8 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 Works Jersey City Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NJ.
Grace Works Jersey City Inc. has distributed a total of $643K across 12 grants. The median grant size is $20K, with an average of $54K. Individual grants have ranged from $10K to $198K.
Grace Works Jersey City Inc. typically selects its grantees rather than accepting unsolicited proposals.
Grace Works Jersey City Inc. is headquartered in JERSEY CITY, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Arlene Hampton | Trustee | $0 | $0 | N/A |
| Jack Pestaner | Trustee | $0 | $0 | N/A |
| Edie Hunt | Treasurer | $0 | $0 | N/A |
| Bayla Kallstrom | Trustee | $0 | $0 | N/A |
| Charlie Metzger | Trustee | $0 | $0 | N/A |
| Julie Dalton | Trustee | $0 | $0 | N/A |
| Denise Pruitt | Trustee | $0 | $0 | N/A |
| Bret Schundler | President | $0 | $0 | N/A |
Total Giving
$278K
Total Assets
$2.5M
Fair Market Value
$4.5M
Net Worth
$2.5M
Grants Paid
$275K
Contributions
N/A
Net Investment Income
$144K
Distribution Amount
$187K
Total: N/A
Total Grants
12
Total Giving
$643K
Average Grant
$54K
Median Grant
$20K
Unique Recipients
7
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Grace Community ServicesGeneral Operations; Meals for the Homeless; Senior Services | Jersey City, NJ | $175K | 2023 |
| Welcome Home Jersey CitySupport services for refugees, asylees and asylum seekers | Jersey City, NJ | $40K | 2023 |
| Episcopal Jersey CityFood Pantry Support | Jersey City, NJ | $20K | 2023 |
| Family Promise Of Hudson CountyGeneral Operations; Support for Sheltering of the Homeless | Jersey City, NJ | $20K | 2023 |
| Ukranian Jersey CityUkranian JC Support | Jersey City, NJ | $10K | 2023 |
| Sarah'S DaughtersDomestic Violence Awareness | Jersey City, NJ | $10K | 2023 |
| Mideast Evangelical ChurchGENERAL OPERATING EXPENSES FOR PROGRAM ASSISTING FOOD AND HOUSING INSECURE FAMILIES | Jersey City, NJ | $20K | 2022 |