The Grace and Mercy Foundation Inc
Preselected recipients only
The Grace and Mercy Foundation Inc is a private foundation in New York, New York. In tax year 2024 it gave $21.7 million in 71 grants; the typical grant was $100,000 and the largest $11.9 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$21.7 million
- Number of grants71
- Typical grant$100,000
- Largest grant$11.9 million
- Assets$739 million
- New grantees27%
Giving in 2024 was up from $21.6 million the year before.
27% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $21.6 million | 79 | $663 million |
| 2024 | $21.7 million | 71 | $739 million |
How to apply
The Grace and Mercy Foundation Inc 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 The Grace and Mercy Foundation Inc funds
Where it gives
Its grants went to recipients in 21 states, the most to Colorado.
| State | Grants | Amount |
|---|---|---|
| Colorado | 8 | $12.9 million |
| New York | 18 | $2.2 million |
| New Mexico | 1 | $1.0 million |
| New Jersey | 6 | $915,000 |
| District of Columbia | 2 | $810,000 |
| California | 5 | $618,500 |
| Oregon | 1 | $401,000 |
| Florida | 4 | $399,000 |
| North Carolina | 2 | $395,000 |
| Massachusetts | 2 | $340,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Christian Community Foundation | Community | $11.9 million |
| Hosanna (DBA Faith Comes by Hearing) | Religious | $1.0 million |
| Prison Fellowship International | Humanitarian | $700,000 |
| Youth for Christ USA Inc | Education | $450,000 |
| Luis Palau Association | Religious | $401,000 |
| Holy Name Medical Center Foundation | Community | $400,000 |
| Beacon Christian Community Health Center | Community | $315,000 |
| Fellowship of Christian Athletes | Education | $305,000 |
| In Grace Mission | Religious | $270,000 |
| Manhattan Christian Academy | Education | $250,000 |
| National Philanthropic Trust | Community | $250,000 |
| New York City Relief Inc | Humanitarian | $225,000 |
| Western Carolina Rescue Ministries | Humanitarian | $210,000 |
| Christian Herald Association (DBA the Bowery Mission) | Humanitarian | $200,000 |
| Rising Tide Capital | Entrepreneurship | $200,000 |
| The Salvation Army | Humanitarian | $200,000 |
| Inheritance of Hope | Community | $185,000 |
| Mango Fund Inc | Entrepreneurship | $175,000 |
| Union Rescue Mission | Humanitarian | $175,000 |
| Theology of Work Project | Education | $165,000 |
| The Navigators | Education | $155,000 |
| City Seminary of New York | Education | $150,000 |
| Lausanne Committee for World Evangelization | Religious | $150,000 |
| Restore NYC Inc | Humanitarian | $150,000 |
| Young Life | Education | $150,000 |
| Chesterton House | Education | $125,000 |
| Exodus Transitional Community Inc | Community | $125,000 |
| International Generosity Foundation Trust | Education | $125,000 |
| New Canaan Society Inc | Community | $125,000 |
| Campus Crusade for Christ | Education | $115,000 |
| Nuru International | Entrepreneurship | $110,000 |
| A Rocha USA Inc | Education | $100,000 |
| Carnegie Hall Corporation | Education | $100,000 |
| Helping Up Mission Inc | Humanitarian | $100,000 |
| North American Christian Convention (DBA Spire Network) | Community | $100,000 |
| The Children's Aid Society | Community | $100,000 |
| El Pozo de Vida | Humanitarian | $95,000 |
| Nehemiah Community Development Corp | Education | $95,000 |
| Nation Builders Inc | Community | $90,000 |
| Open Hands Legal Services | Community | $90,000 |
Officers and trustees
- Becky Hwang
- Sumi Kim
- Imhyuk Yi
- Diana Pae
- Andrew Mills
- Kayla Brown
- Sung Kook Hwang
Questions people ask
Does The Grace and Mercy Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Grace and Mercy Foundation Inc give?
$21.7 million in tax year 2024, across 71 grants, with a typical grant of $100,000.
Who runs The Grace and Mercy Foundation Inc?
Its 2024 filing lists Becky Hwang (Vice President and Director), Sumi Kim (President), Imhyuk Yi (Treasurer) and Diana Pae (Chief Operating Officer) among 7 officers and trustees.
What does The Grace and Mercy Foundation Inc fund?
Based on its grants, mainly faith communities, community development and education.