Private Foundation

THE GRACE FOUNDATION OF MEMPHIS INC

THE GRACE FOUNDATION OF MEMPHIS INC is a Private Foundation headquartered in MEMPHIS, TN. Financial data from the 2025 filing: $2.4M revenue, $3.3M expenses, $30.9M total assets. IRS filings disclose 341 grants awarded by this foundation, totaling roughly $15.6M.

EIN: 621469984 MEMPHIS, TN Private Grantmaking Foundations NTEE: T20 Latest filing: 2025
Total Revenue$2.4M
Total Expenses$3.3M
Total Assets$30.9M
Grants Given341
Grant Total$15.6M
Filing Years2021–2025

Where $100 goes at The Grace Foundation of Memphis Inc

How The Grace Foundation of Memphis Inc divides every $100 it spends, from its own Form 990 filings, averaged across 2 years.

$93 Programs the work itself
$7 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $93 for programs

$93
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…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Before you apply to The Grace Foundation of Memphis Inc

Accepts applications Published application instructions on its 2025 Form 990-PF.

Sometimes funds new orgs 26% of recent recipients were first-time grantees (2022–2024).

Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.

Sample Grants Given

CHURCH HEALTH
MEMPHIS, TN · 2024
HEALTH, GENERAL
$1,000,000
BELLEVUE BAPTIST CHURCH
CORDOVA, TN · 2024
RELIGION
$301,000
UNIVERSITY OF NORTH ALABAMA FOUNDATION
FLORENCE, AL · 2024
EDUCATIONAL
$185,000
LIFEWISE INC
HILLIARD, OH · 2024
YOUTH DEVEL
$150,000
UNION UNIVERSITY
JACKSON, TN · 2024
EDUCATIONAL
$125,000

Showing up to 5 of 341 total records — full history available with membership.

Officers & Directors

PRESIDENT/CHIEF EXECUTIVE B Rex Jones
CHAIRMAN OF THE BOARD Harry L Smith
SECRETARY/TREASURER Leslie Jones
VICE CHAIRMAN OF THE BOARD Mary Elizabeth Smith
CHIEF FINANCIAL OFFICER Shana R South

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$12,670,289 287 grants
Health & Medicine
$1,088,000 7 grants
Religion & Spirituality
$812,000 21 grants
Education
$605,500 12 grants
Youth Development
$150,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $2.4M $3.3M $30.9M
2024 $2.5M $2.0M $31.9M
2023 $476K $2.3M $32.1M
2022 $1.3M $2.4M $34.2M
2021 $3.5M $2.2M $39.0M

Between 2021 and 2025, reported annual revenue declined from $3.5M to $2.4M (-32%), with total assets most recently reported at $30.9M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in AL, AZ, FL, GA, IL, MN, and 4 other states.

ALAZFLGAILMNMOMSNCNY

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for THE GRACE FOUNDATION OF MEMPHIS INC

Complete financials, all 341 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 880,000+ organizations.

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