Grace Foundation
- Assets
- $0.0
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Geneva, IL
- Founding
- 10/1985
- Data as of
- 12/2019
- EIN
- 36-3374325
Organization Overview
Grace Foundation is located in Geneva, IL. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2019, Grace Foundation generated $10.7m in total revenue. All expenses for the organization totaled $11.5m during the year ending 12/2019. While expenses have increased by 24.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Grace Foundation has awarded 39 individual grants totaling $23,580,991. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Lindberg Assistant | 40 | $106,000 | |
Karen Stevens Administrative | 40 | $66,500 | |
Dean H Tisch Vice President | 40 | $49,000 | |
Scott Pierre Executive Director | 25 | $12,000 | |
Kristen Wisen Director | 5 | $0 | |
Jerald A Trannel Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,986 |
| Interest on Savings | $480 |
| Dividends & Interest | $197,018 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,500,804 |
| Total Revenue | $10,703,288 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $61,000 |
| Other employee salaries and wages | $172,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $93,059 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,386 |
| Printing and publications | $0 |
| Other expenses | $80,894 |
| Total operating and administrative expenses | $412,395 |
| Contributions, gifts, grants paid | $11,094,304 |
| Total expenses and disbursements | $11,506,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Grace Foundation has awarded $11,094,304 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CHRISTIAN FOUNDATION PURPOSE: SECURITIES DONATED UPON TERMINATION OF PRIVATE FOUNDATION | $8,784,046 |
ALEGRIA FUND PURPOSE: CHARITABLE | $500,000 |
VAN KAMPEN BOYER FOUNDATION PURPOSE: CHARITABLE GIVING | $500,000 |
Grand Haven, MI PURPOSE: CHARITABLE GIVING | $500,000 |
Geneva, IL PURPOSE: CHARITABLE CONTRIBUTION | $480,258 |
HACHOTAM PUBLISHING HOUSE PURPOSE: CHARITABLE CONTRIBUTION | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
William R Kenan Jr Charitable Trust Chicago, IL | $564,490,046 | $137,606,226 |
Polk Bros Foundation Inc Chicago, IL | $329,136,356 | $57,050,478 |
Pritzker Foundation Chicago, IL | $0 | $47,756,040 |
Trott Family Foundation Chicago, IL | $0 | $2,395,873 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Manton Foundation Chicago, IL | $499,091,994 | $69,635,634 |