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Filing year 2023

THE GRACE FOUNDATION OF MEMPHIS INC

Memphis, Tennessee·EIN 62-1469984·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$2.5M
Total assets
$31.9M
Total expenses
$2M
Reported officers
5

Reported officers (all unpaid)

No paid executives reported in 2023. THE GRACE FOUNDATION OF MEMPHIS INC reported 5 unpaid officers and board members on its 990-PF.

Secretary/treasurer
President/chief Executive
Chairman of the Board
Vice Chairman of the Board
Chief Financial Officer

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$1.7M

Itemized grants

65

Median grant

$10k

RecipientLocationPurposeAmount
BELLEVUE BAPTIST CHURCHCORDOVA, TNPROGRAM SUPPORT$304k
LIFEWISE INCHILLIARD, OHPROGRAM SUPPORT$150k
CHRISTIAN COMMUNITY FOUNDATION OF MEMPHISMEMPHIS, TNPROGRAM SUPPORT$150k
WEST CANCER FOUNDATIONGERMANTOWN, TNPROGRAM SUPPORT$111k
BELLVUE FOUNDATION INCCORDOVA, TNPROGRAM SUPPORT$100k
FAVOR INTERNATIONAL INCBRADENTON, FLPROGRAM SUPPORT$100k
UNIVERSITY OF NORTH ALABAMA FOUNDATIONFLORENCE, ALPROGRAM SUPPORT$87k
AGAPE CHILD & FAMILY SERVICESMEMPHIS, TNPROGRAM SUPPORT$50k
MID SOUTH FOOD BANKMEMPHIS, TNPROGRAM SUPPORT$50k
RESTORATION ACADEMY INCFAIRFIELD, ALPROGRAM SUPPORT$50k
NORTHRISE UNIVERSITY INITIATIVESCOTTSDALE, AZPROGRAM SUPPORT$50k
THE BILL AND CAROL LATIMER CHARITABLE FOUNDATIONUNION CITY, TNPROGRAM SUPPORT$35k
DISCIPLE MAKERS NETWORKMEMPHIS, TNPROGRAM SUPPORT$35k
CAMPUS CRUSADE FOR CHRIST INTERNATIONAL (CRU)ORLANDO, FLPROGRAM SUPPORT$30k
BLUE MOUNTAIN COLLEGEBLUE MOUNTAIN, MSPROGRAM SUPPORT$25k
CALVARY RESCUE MISSIONMEMPHIS, TNPROGRAM SUPPORT$25k
NEIGHBORHOOD CHRISTIAN CENTERS INCMEMPHIS, TNPROGRAM SUPPORT$23k
CHRIST COMMUNITY HEALTH SCIENCESMEMPHIS, TNPROGRAM SUPPORT$20k
BARNABAS E3 MINISTRIESARLINGTON, TNPROGRAM SUPPORT$20k
CHILD EVANGELISM FELLOWSHIPMEMPHIS, TNPROGRAM SUPPORT$20k
MEMPHIS UNION MISSIONMEMPHIS, TNPROGRAM SUPPORT$15k
THE MAILBOX CLUBVALDOSTA, GAPROGRAM SUPPORT$15k
ARISE2READMEMPHIS, TNPROGRAM SUPPORT$10k
CAPE BIBLE CHAPEL INCCAPE GIRARDEAU, MOPROGRAM SUPPORT$10k
EIKON MINISTRIESMEMPHIS, TNPROGRAM SUPPORT$10k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

THE GRACE FOUNDATION OF MEMPHIS INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$476k
$2.3M
2022
$2.5M
$2M
2023
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Tennessee

THE GRACE FOUNDATION OF MEMPHIS INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Tennessee earns a median of $35,455.

25th percentile
$11k
Median
$35,455
75th percentile
$87k
90th percentile
$212k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 340 organizations across 340 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Tennessee →
FAQ

Common questions about THE GRACE FOUNDATION OF MEMPHIS INC

What are THE GRACE FOUNDATION OF MEMPHIS INC's revenue and expenses?

In 2023, THE GRACE FOUNDATION OF MEMPHIS INC reported $2.5M in total revenue and $2M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.