Nonprofit · EIN 20-8050779
THE GRACE AND MERCY FOUNDATION INC
Tax-exempt · MANHATTAN, NY 10106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $53,086,707 | $60,546,988 | -$7,460,281 | $495,216,982 | $18,098 | $495,198,884 |
| December 31, 2023 | 990-PF | $34,184,388 | $56,945,043 | -$22,760,655 | $495,165,728 | $292,131 | $494,873,597 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $3,450,151
- Interest
- $5,203,745
- Net gain from sales of assets
- $42,960,749
- Other income
- $1,472,062
Expenses
- Grants and similar amounts paid
- $21,741,015
- Compensation of officers, directors and key employees
- $4,243,169
- Salaries, compensation and benefits (total)
- $16,612,479
- Disbursements for charitable purposes
- $45,952,802
- Excise tax on investment income
- $545,633
Balance sheet and other
- Total assets, start of year
- $495,165,728
- Total assets, end of year
- $495,216,982
- Total liabilities, end of year
- $18,098
- Net assets, end of year
- $495,198,884
- Fair market value of assets
- $738,556,885
- Qualifying distributions
- $45,952,802
- Net investment income
- $53,086,707
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DIANA PAE C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | CHIEF OPERATING OFFICER | 40 | $1,325,856 | $90,942 |
| HYUNWOO NAM C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | INVESTMENT OFFICER Highest-paid employee | 40 | $1,157,000 | $80,303 |
| ANDREW MILLS C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | CO-CHAIRMAN AND DIRECTOR | 24 | $980,431 | $49,042 |
| BRANDON BERGER C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | INVESTMENT OFFICER Highest-paid employee | 24 | $949,956 | $85,808 |
| SUMI KIM C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | PRESIDENT | 40 | $871,209 | $104,325 |
| SU LEE C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | INVESTMENT OFFICER Highest-paid employee | 40 | $790,209 | $43,300 |
| DHANI JONES C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | INVESTMENT OFFICER Highest-paid employee | 24 | $771,456 | $63,344 |
| DAIKI TANIGUCHI C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | INVESTMENT OFFICER & Highest-paid employee | 40 | $716,135 | $71,732 |
| IMHYUK YI C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | TREASURER | 40 | $597,618 | $78,749 |
| KAYLA BROWN C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | SECRETARY | 40 | $468,055 | $71,798 |
| BECKY HWANG C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | VICE PRESIDENT AND DIRECTOR | 2 | $0 | $0 |
| SUNG KOOK HWANG C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | CO-CHAIRMAN AND DIRECTOR | 10 | $0 | $0 |
990-PF for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DIANA PAE C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | CHIEF OPERATING OFFICER | 40 | $1,289,139 | $85,868 |
| HYUNWOO NAM C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | INVESTMENT OFFICER Highest-paid employee | 40 | $1,204,231 | $72,112 |
| ANDREW MILLS C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | CO-CHAIRMAN AND DIRECTOR | 24 | $1,024,558 | $48,596 |
| BRANDON BERGER C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | INVESTMENT OFFICER Highest-paid employee | 24 | $1,000,621 | $78,744 |
| SUMI KIM C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | PRESIDENT | 40 | $861,497 | $93,213 |
| SU LEE C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | INVESTMENT OFFICER Highest-paid employee | 40 | $810,365 | $36,864 |
| DHANI JONES C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | INVESTMENT OFFICER Highest-paid employee | 24 | $809,769 | $60,431 |
| DAIKI TANIGUCHI C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | INVESTMENT OFFICER & Highest-paid employee | 40 | $724,538 | $63,571 |
| IMHYUK YI C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | TREASURER | 40 | $606,538 | $70,193 |
| KAYLA BROWN C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | SECRETARY | 40 | $439,635 | $66,665 |
| BECKY HWANG C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | VICE PRESIDENT AND DIRECTOR | 2 | $0 | $0 |
| SUNG KOOK HWANG C/O THE GRACE AND MERCY FOUNDATION, NEW YORK, NY 10106 | CO-CHAIRMAN AND DIRECTOR | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 888 SEVENTH AVE 22ND FL, MANHATTAN, NY 10106-2400
- In care of
- % TIGER ASIA
- Signed the 990-PF
- DIANA PAE, CHIEF OPERATING OFFICER
- Phone
- (212) 984-8877
- Return prepared by
- Ablamsky & Company CPAs
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-8050779
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $495,216,982
- Income (IRS master file)
- $242,115,553
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $53,086,707 | $60,546,988 | $495,216,982 | IRS |
| 990-PF | December 2023 | $34,184,388 | $56,945,043 | $495,165,728 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8050779).
Questions about THE GRACE AND MERCY FOUNDATION INC
- What is the EIN of THE GRACE AND MERCY FOUNDATION INC?
- The employer identification number (EIN) of THE GRACE AND MERCY FOUNDATION INC is 20-8050779.
- Is THE GRACE AND MERCY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to THE GRACE AND MERCY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE GRACE AND MERCY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE GRACE AND MERCY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE GRACE AND MERCY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE GRACE AND MERCY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 12 people; 10 received compensation from the organization, the highest $1,325,856 (DIANA PAE, CHIEF OPERATING OFFICER).
- How much revenue does THE GRACE AND MERCY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $53,086,707, expenses of $60,546,988 and total assets of $495,216,982 at year end.
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