Funder DirectoryBRACE COVE FOUNDATION INC
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Private foundation (trust)EIN 810865242Est. 2016-03

BRACE COVE FOUNDATION INC

GLOUCESTER, MA 019303944

Total Assets

$4.2M

FY 2023

Annual Giving

$191K

FY 2023

Grants Made

12

FY 2023

Avg Grant

$16K

FY 2023

Grant Range

$500–$140K

Typical

Deadlines

Applications

Focus Areas

Private Grantmaking Foundations

Financial Snapshot

2023 filing

Total Revenue

$255K

Total Expenses

$240K

Qualifying Distributions

$237K

Distributable Amount

$203K

Min. Investment Return

$207K

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

12 grants

Grant sizes from minimum $500 through median $750 to maximum $140K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

4 years

Giving over time from 2020 to 2023. Peak $227K in 2022. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

53 grants

GLOUCESTER HOUSING AUTHORITY
$200K
2 grants
GLOUCESTER PUBLIC SCHOOLS
$100K
2 grants
ACTION INC
$75K
2 grants
SALEM PANTRY INC
$43K
2 grants
GROUNDWORK LAWRENCE INC
$38K
1 grant
YMCA OF NEWBURYPORT
$26K
1 grant
YMCA OF METRO NORTH
$25K
1 grant
ROCKPORT PUBLIC SCHOOLS
$21K
4 grants

Grant Size Distribution

53 grants

<$10K
41
grants
$10–50K
8
grants
$50–250K
4
grants
$250K–1M
$1–5M
$5M+

Geographic Focus

1 states

Massachusetts
$655K
100% of total

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BRACE COVE FOUNDATION INC — Grants, Financials & Contact | Grantivo