William M And Ann K Grace Foundation
- Assets
- $12.9m
- Revenue
- $327.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 56-2529760
Organization Overview
William M And Ann K Grace Foundation is located in Scottsdale, AZ. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William M And Ann K Grace Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, William M And Ann K Grace Foundation generated $327.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.1%) each year. All expenses for the organization totaled $962.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William M And Ann K Grace Foundation has awarded 489 individual grants totaling $5,969,781. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Grace Trustee | 0.5 | $0 | |
William Grace Trustee | 0.5 | $0 | |
Heather Kaiser Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $165,358 |
| Interest on Savings | $0 |
| Dividends & Interest | $162,473 |
| 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 | $0 |
| Total Revenue | $327,831 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $178 |
| Taxes | $1,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $17,800 |
| Printing and publications | $0 |
| Other expenses | $7,718 |
| Total operating and administrative expenses | $30,998 |
| Contributions, gifts, grants paid | $931,391 |
| Total expenses and disbursements | $962,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,963,242 |
| 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 | $3,697,660 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $228,914 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,889,816 |
| 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 | $12,520 |
| Total liabilities | $12,520 |
Grants Awarded
Over the last fiscal year, William M And Ann K Grace Foundation has awarded $931,391 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
A BOUNDS PURPOSE: SCHOLARSHIP AWARD | $7,500 |
A DAVIS PURPOSE: SCHOLARSHIP AWARD | $11,250 |
A GROVES PURPOSE: SCHOLARSHIP AWARD | $8,000 |
A KELSO PURPOSE: SCHOLARSHIP AWARD | $4,000 |
A NELSON PURPOSE: SCHOLARSHIP AWARD | $3,000 |
A LANDUYT PURPOSE: SCHOLARSHIP AWARD | $8,000 |