Gracias Family Foundation
Preselected recipients only
Gracias Family Foundation is a private foundation in Chicago, Illinois. In tax year 2024 it gave $12.0 million in 15 grants; the typical grant was $350,000 and the largest $3.2 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$12.0 million
- Number of grants15
- Typical grant$350,000
- Largest grant$3.2 million
- Assets$91.0 million
- New grantees40%
Giving in 2024 was down from $16.2 million the year before.
40% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $16.2 million | 17 | $95.1 million |
| 2024 | $12.0 million | 15 | $91.0 million |
How to apply
Gracias Family Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Gracias Family Foundation funds
Where it gives
Its grants went to recipients in 11 states, the most to New York.
| State | Grants | Amount |
|---|---|---|
| New York | 1 | $3.2 million |
| Virginia | 1 | $2.0 million |
| Maryland | 2 | $1.9 million |
| District of Columbia | 2 | $1.6 million |
| Illinois | 2 | $1.1 million |
| California | 1 | $1.0 million |
| Massachusetts | 1 | $500,000 |
| Colorado | 2 | $270,000 |
| Nevada | 1 | $250,000 |
| Michigan | 1 | $100,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Harvard College Trust | General operating expenses in its entirety. | $3.2 million |
| Caf America | General operating expenses in its entirety. | $2.0 million |
| Johns Hopkins University | General operating expenses in its entirety. | $1.9 million |
| Georgetown University Giving | General operating expenses in its entirety. | $1.3 million |
| University of Chicago | General operating expenses in its entirety. | $1.0 million |
| Invest America Charitable Foundation | General operating expenses in its entirety. | $1.0 million |
| Eagle Hill Foundation of Mass Inc | General operating expenses in its entirety. | $500,000 |
| Aspen Institute | General operating expenses in its entirety. | $350,000 |
| Big Green | General operating expenses in its entirety. | $250,000 |
| Sierra Arts Foundation | General operating expenses in its entirety. | $250,000 |
| Phillips Academy | General operating expenses in its entirety. | $100,000 |
| Ucs Foundation | General operating expenses in its entirety. | $100,000 |
| LSU Health Foundation | General operating expenses in its entirety. | $50,000 |
| Impactassets | General operating expenses in its entirety. | $50,000 |
| First Descents | General operating expenses in its entirety. | $20,000 |
Officers and trustees
- Antonio Gracias
- Maria Gracias
- James Star
Questions people ask
Does Gracias Family Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Gracias Family Foundation give?
$12.0 million in tax year 2024, across 15 grants, with a typical grant of $350,000.
Who runs Gracias Family Foundation?
Its 2024 filing lists Antonio Gracias (Officer), Maria Gracias (Officer) and James Star (Officer).
What does Gracias Family Foundation fund?
Based on its grants, mainly education.