Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1982.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
67 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
6 people listed on the 990.
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Provides scholarships to support FFA students at Lake Whitney High School.
Questions for W E Grace Foundation
Your first name shows with your question. W E Grace Foundation answers here, for everyone.
Scholarships to Various Secondary Schools
36,300
Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-6012546) · Dispute this lineExpenses of operating school
Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-6012546) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $78K | $91K |
| InvestmentsLn 11–13 | $1.0M | $979K |
| Land, buildings, equipmentLn 10c | $105K | $104K |
| Total assetsLn 16 | $1.2M | $1.2M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $1.2M | $1.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $36K | $36K | ||
| Accounting feesLn 11c | $6K | $6K | ||
| Investment management feesLn 11f | $22K | $22K | ||
| Depreciation, depletion and amortizationLn 22 | $1K | $1K | ||
| InsuranceLn 23 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $15K | $15K | ||
| All other expensesLn 24e | $252 | $143 | $109 | |
| Total functional expensesLn 25 | $84K | $56K | $28K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Jun 9, 2026 | $111K | $92K | $18K | $1.2M | 990 PDF |
| FY2024Filed with the IRS Jun 30, 2025 | $50K | $67K | −$17K | $1.2M | 990 PDF |
| FY2023 ViewingFiled with the IRS Mar 27, 2024 | $51K | $84K | −$33K | $1.2M | 990 PDF |
| FY2022Filed with the IRS Mar 1, 2023 | −$20K | $63K | −$83K | $1.2M | 990 PDF |
| FY2021Filed with the IRS Oct 4, 2022 | $169K | $69K | $100K | $1.3M | 990 PDF |
| FY2020Filed with the IRS Jul 14, 2021 | $33K | $68K | −$35K | $1.2M | 990 PDF |
Schedules filed Part IV
See the full FY2023 990
Part I · Summary $51,420 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 4 to look at
Part VIII · Statement of revenue $51,420 across 5 lines filed
Part IX · Statement of functional expenses $84,235 across 7 lines filed
Part X · Balance sheet $1,173,603 assets, 9 lines filed
Part XI · Reconciliation of net assets $1,173,603 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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