Ann & Richard Grace Family Foundation
- Assets
- $26.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- St Helena, CA
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 68-0331455
Organization Overview
Ann & Richard Grace Family Foundation is located in St Helena, CA. The organization was established in 1994. 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. Ann & Richard Grace Family 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 12/2021, Ann & Richard Grace Family Foundation generated $77.5k 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 (15.0%) each year. All expenses for the organization totaled $75.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ann & Richard Grace Family Foundation has awarded 20 individual grants totaling $155,973. 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL AND MEDICAL BENEFITS FOR INDIGENT CHILDREN
Describe the Organization's Program Activity:
Part 3
IDENTIFICATION OF PEOPLE IN DIRE NEED OF EDUCATIONAL,MEDICAL AND OTHER ASSISTANCE THROUGH OUT THE WORLD.FUNDS ARE PROVIDED OTHER CHARITABLE ORGANIZATIONS TO PROVIDE THIS ASSISTANCE. ACTUAL NUMBER OF PEOPLE BENEFITTED IS UNKNOWN.
PROVISION OF EDUCATIONAL AND OTHER ASSISTANCE THROUGH PAYMENT OF TUITION TO INDIVIDUAL INDIGENT CHILDREN. 18 INDIVIDUAL CHILDREN WERE DIRECTLY ASSISTED.IN ADDITION, FUNDING WAS ALSO PROVIDED TO ONE FOREIGN SCHOOL AND ONE SCHOOL BICYCLE PROJECT IN THE UNITED STATES.THE EXACT AMOUNT OF PEOPLE BENEFITTED IS UNKNOWN.
THE FOUNDATION ATTEMPTS TO HEAL THE PLANET BY ASSISTING INDIGENT CHILDREN THROUGHOUT THE WORLD AS NEEDS BECOME APPARENT. IN 2019, TWO PROJECTS WERE PROMINENT:1. THE FOUNDATION CONTINUES TO PARTNER WITH THE CAMBODIAN CHARITY,TOGETHER FOR CAMBODIA. ALTHOUGH NO GRANTS WERE AWARDED IN 2019 TO ASSIST THE BUILDING OF A CAFETERIA FOR AN ORPHANAGE IN SIEM RIEP, CAMBODIA. 2.ON APRIL 25, 2015 AND MAY 12, 2015 NEPAL WAS HIT WITH TWO MAJOR EARTHQUAKES. THE FOUNDATION HAS CONTINUED TO PROVIDE ASSISTANCE TO LOCAL VICTIMS AND HAS USED ITS LOCAL CONTACT, LOBSANG DOLMA DHAKHWA, TO HELP PROVIDE FOOD AND OTHER ASSISTANCE TO THE NEEDY VICTIMS OF THE QUAKE.2. THE FOUNDATION HAS ALSO ASSISTED THE JORPOTI HOME FOR THE DISABLED AND THE KANTI CHILDREN'S HOSPITAL BURN CLINIC, ALL LOCATED IN NEPAL.3. THE FOUNDATION ASSISTED TO AN INDIVDUAL IN NEED OF HOUSING ASSISTANCE.4. THE FOUNDATION ALSO PROVIDED MEDICAL ASSISTANCE FOR TWO INDIVIDUALS IN SOUTH AFRICA AND INDIVIDUAL IN THAILAND. 5. THE FOUNDATION PURCHASED COMPUTERS FOR LOCAL SCHOOLS AND PROVIDED TRAVEL FOR ONE PERSON AND PROVIDED THE COST UBER RIDES FOR INDIVIDUALS FOR SOUTH AFRICAN RESIDENTS.6. THE FOUNDATION ALSO ASSISTED IN ATTEMPTING TO FREE AN INNOCENT MAN FROM PRISON IN TIBET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard H Grace Director | 20 | $0 | |
Ann K Grace Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $77,500 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,125 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $428 |
| Total expenses | $75,050 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,534 |
| Other assets | $0 |
| Total assets | $26,534 |
| Total liabilities | $0 |
| Net assets or fund balances | $26,534 |
Grants Awarded
Over the last fiscal year, Ann & Richard Grace Family Foundation has awarded $22,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Napa, CA PURPOSE: FUND YOUTH EMPOWERMENT IN HIGH SCHOOL STUDENTS TO PREVENT TEEN SUICIDE | $12,500 |
THE MICHAEL J NELSON FOUNDATION PURPOSE: FUND CANCER ASSISTANCE TO PROMISING STUDENT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ann & Richard Grace Family Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James G Boswell Foundation Pasadena, CA | $149,317,114 | $5,540,300 |
Dj And T Foundation San Marino, CA | $47,605 | $2,666,565 |
Terasaki Family Foundation Los Angeles, CA | $55,847,762 | $8,456,920 |
The Green Foundation Pasadena, CA | $146,510,073 | $6,369,927 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Smidt Foundation Beverly Hills, CA | $297,009,974 | $102,197,850 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Baker Street Foundation San Francisco, CA | $111,419,700 | $19,294,792 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Fletcher Jones Foundation Pasadena, CA | $171,018,850 | $2,557,259 |
Angell Foundation Los Angeles, CA | $118,335,921 | $5,741,529 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |