The Iowa State Capitol

Form 990-PFTax year 2024EIN 23-7294779

Grace Foundation 210036

A private foundation in Ames, IA. Its return for tax year 2024 lists 5 grants and $54,700 paid in grants.

Tax year 2024 (period ending Jun 30, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Accepts applications

The return gives an application contact and rules, as below.

Contact
Leah Akers Bell
355 El Dorado Avenue
Palo Alto, CA 94306
(650) 327-6022
Form and materials
Personal letter, transcript, & recommendations
Deadlines
Applicants may request application information brochure sep 1 to oct 31, submission deadline feb 1st
Restrictions
Awards are educational grants for students from china and southeast asian countries only

Assets and giving by year

7 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $54,700

    Grants listed
    5
    Assets, end of year
    $749,430
  • Tax year 2023

    $53,054

    Grants listed
    6
    Assets, end of year
    $765,937
  • Tax year 2022

    $55,137

    Grants listed
    7
    Assets, end of year
    $700,634
  • Tax year 2021

    $60,724

    Grants listed
    8
    Assets, end of year
    $748,039
  • Tax year 2020

    $56,000

    Grants listed
    9
    Assets, end of year
    $764,812
  • Tax year 2019

    $61,180

    Grants listed
    10
    Assets, end of year
    $681,188
  • Tax year 2018

    $58,052

    Grants listed
    12
    Assets, end of year
    $680,982

Grants paid in 2024

5 grants, largest first

As listed on the return.

  1. Asbury Theological SeminaryWilmore, KY

    Program support

    $29,420
  2. SW Baptist Theological SeminaryFort Worth, TX

    Program support

    $11,280
  3. Fuller Theological SeminaryPasadena, CA

    Program support

    $6,000
  4. Graduate Theological UnionBerkeley, CA

    Program support

    $4,000
  5. Regent UniversityVirginia BCH, VA

    Program support

    $4,000

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education3 grants $39,420100% of the total

By State

Grants to organizations with a US address, latest year.

  1. Kentucky1 grant $29,420
  2. Texas1 grant $11,280
  3. California2 grants $10,000
  4. Virginia1 grant $4,000

Officers, directors and trustees

7 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Christina ChanTRUSTEE Hours 1Pay $0
  • Abigail HawkinsTRUSTEE Hours 1Pay $0
  • Lis YeunTRUSTEE Hours 1Pay $0
  • Ming ChanTRUSTEE Hours 1Pay $0
  • Danny ChanTRUSTEE Hours 1Pay $0
  • George ChanCHAIRMAN/TREASURER Hours 3Pay $0
  • Trey HawkinsSECRETARY Hours 1Pay $0

The return

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