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Paces Foundation Inc. is a private corporation based in SMYRNA, GA. The foundation received its IRS ruling in 1992. The principal officer is Mark Du Mas. It holds total assets of $93M. Annual income is reported at $44.3M. Total assets have grown from $14.5M in 2011 to $93M in 2024. The foundation is governed by 6 officers and trustees. The organization sponsors the development and operation of affordable housing for low-income individuals in order to meet the housing needs of the low income residents. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2024. According to available records, Paces Foundation Inc. has made 4 grants totaling $14K, with a median grant of $2K. Individual grants have ranged from $102 to $10K, with an average award of $3K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Georgia and Tennessee. Contributions to this foundation are tax-deductible.
The organization sponsors the development and operation of affordable housing for low-income individuals in order to meet the housing needs of the low income residents
Expenses: $3.1M
The organization sponsors the development and operation of affordable housing for low-income individuals in order to meet the housing needs of the low income residents. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in GA, TN.
Paces Foundation Inc. has distributed a total of $14K across 4 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $102 to $10K.
Paces Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Paces Foundation Inc. is headquartered in SMYRNA, GA. While based in GA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mark Du Mas | President | $980K | $0 | $980K |
| Renee Sandell | Vice-President | $353K | $0 | $353K |
| Julie Bowen | Board Member | $0 | $0 | N/A |
| Robert Ryan | Board Member | $0 | $0 | N/A |
| Kevin Kirby | Secretary | $0 | $0 | N/A |
| Betty Jones | Board Member | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$93M
Fair Market Value
N/A
Net Worth
$28.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
4
Total Giving
$14K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
4
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Brownsville Assembly Of GodHUMANITARIAN AID AND SUPPORT | Pensacola, GA | $10K | 2022 |
| Cobb Sheriffs FoundationHUMANITARIAN AID AND SUPPORT | Marietta, GA | $3K | 2022 |
| Rome Children'S AcademyHUMANITARIAN AID AND SUPPORT | Rome, GA | $1K | 2022 |
| St Jude Children'S Research HospitalHUMANITARIAN AID AND SUPPORT | Memphis, TN | $102 | 2022 |