Grace Foundation Of Memphis Inc

Organization Overview

Grace Foundation Of Memphis Inc is located in Memphis, TN. The organization was established in 1992. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Foundation Of Memphis Inc 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 04/2022, Grace Foundation Of Memphis Inc generated $1.3m 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 (6.4%) each year. All expenses for the organization totaled $2.4m during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Grace Foundation Of Memphis Inc has awarded 199 individual grants totaling $7,426,624. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO ASSIST CHRISTIAN COMMUNITY FOUNDATION OF MEMPHIS AND THE MID-SOUTH, INC. IN CARRYING OUT ITS CHARITABLE MISSION.

Describe the Organization's Program Activity:

THE FOUNDATION'S ONLY PROGRAM IS TO RECEIVE AND ACCEPT PROPERTY TO BE USED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES PRIMARILY IN AND FOR THE BENEFIT OF THE COMMUNITY OF MEMPHIS AND SHELBY COUNTY.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $723,343
Net Rental Income-$6,803
Net Gain on Sale of Assets $456,553
Capital Gain Net Income $439,918
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $151,048
Total Revenue $1,330,944

Grants Awarded

Over the last fiscal year, Grace Foundation Of Memphis Inc has awarded $1,989,984 in support to 49 organizations.

Grant RecipientAmount

EVANGELICAL CHRISTIAN SCHOOL

Org PageRecipient Profile

Cordova, TN

PURPOSE: PROGRAM SUPPORT

$1,200,000

CHRISTIAN COMMUNITY FOUNDATION OF MEMPHIS AND THE MID-SOUTH INC

Org PageRecipient Profile

Memphis, TN

PURPOSE: SUPPORTED ORGANIZATION CONTRIBUTION TO DONOR ADVISED FUND

$200,000

BELLEVUE BAPTIST CHURCH

PURPOSE: PROGRAM SUPPORT

$108,500

STAND FOR TRUTH INC

Org PageRecipient Profile

Hilliard, OH

PURPOSE: PROGRAM SUPPORT

$100,000

UNIVERSITY OF NORTH ALABAMA FOUNDATION

Org PageRecipient Profile

Florence, AL

PURPOSE: PROGRAM SUPPORT

$76,984

THE SALVATION ARMY

PURPOSE: PROGRAM SUPPORT

$25,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Grace Foundation Of Memphis Inc has recieved totaling $100,000.

Awarding OrganizationAmount
$100,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or