Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE WORKS OF GRACE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4501 ISLAND COVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
AUSTIN, TX78731
A Employer identification number

75-2906814
B Telephone number (see instructions)

(208) 309-3999
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,968,270J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 15,755 15,755  
4 Dividends and interest from securities... 60,219 60,219  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 146,224
b Gross sales price for all assets on line 6a 1,345,637
7 Capital gain net income (from Part IV, line 2)... 146,224
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 222,198 222,198  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 28,514 28,514   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 899 899   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 196 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 29,609 29,413   0
25 Contributions, gifts, grants paid....... 12,000 12,000
26 Total expenses and disbursements. Add lines 24 and 25 41,609 29,413   12,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 180,589
b Net investment income (if negative, enter -0-) 192,785
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 701,073 386,167 386,167
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet55,555
Less: allowance for doubtful accounts bullet0 55,555 55,555 55,555
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,566,963 Click to see attachment2,145,489 2,145,489
c Investments—corporate bonds (attach schedule)....... 1,117,211 Click to see attachment1,210,497 1,210,497
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 241,066 Click to see attachment170,440 170,440
14 Land, buildings, and equipment: basis bullet48,492
Less: accumulated depreciation (attach schedule) bullet48,370 318 Click to see attachment122 122
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,682,186 3,968,270 3,968,270
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 3,682,186 3,968,270
29 Total net assets or fund balances (see instructions)..... 3,682,186 3,968,270
30 Total liabilities and net assets/fund balances (see instructions). 3,682,186 3,968,270
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,682,186
2
Enter amount from Part I, line 27a .....................
2
180,589
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
105,495
4
Add lines 1, 2, and 3 ..........................
4
3,968,270
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,968,270
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 8,277.046 UNITS AMG BEUTEL GOODMAN CORE P 2020-06-10 2021-04-16
b 17,436.9460 UNITS BBH LIMITED DURATION I P 2020-06-10 2021-06-16
c 8,006.1420 UNITS DOUBLELINE CORE FIXED IN P 2021-04-19 2021-06-16
d 7,624,35 UNITS VANGUARD TOTAL BOND MARK P 2020-06-10 2021-06-16
e 32 UNITS AMGEN INC P 2020-09-15 2021-10-14
9 UNITS AMGEN INC P 2021-07-06 2021-10-14
9 UNITS AMGEN INC P 2021-07-26 2021-10-14
10 UNITS APPLE INC P 2020-12-11 2021-02-12
5 UNITS APPLE INC P 2019-08-09 2021-02-12
15 UNITS APPLE INC P 2019-08-09 2021-02-26
20 UNITS APPLE INC P 2020-04-06 2021-04-12
1,381.503 UNITS ARTISAN MID CAP FUND-INS #1333 P 2017-11-21 2021-02-24
102.7920 UNITS ARTISAN MID CAP FUND-INS #1333 P 2020-04-09 2021-02-24
132.1340 UNITS ARTISAN MID CAP FUND-INS #1333 P 2020-12-10 2021-02-24
85.00 UNITS AT&T INC P 2018-07-18 2021-04-12
155.00 UNITS AT&T INC P 2018-11-19 2021-04-12
50.00 UNITS AT&T INC P 2019-08-09 2021-04-12
130.00 UNITS AT&T INC P 2020-04-20 2021-04-12
12,000 UNITS BANK OF NY MELLON CO 2.5% P 2019-01-16 2021-03-15
3,000 UNITS BANK OF NY MELLON CO 2.5% P 2019-08-08 2021-03-15
13,000 UNITS BB&T CORPORATION 2.05% P 2017-11-27 2021-04-09
5 UNITS BLACKROCK INC P 2021-02-10 2021-02-26
3 UNITS BLACKROCK INC P 2021-07-26 2021-12-21
19 UNITS BLACKROCK INC P 2021-07-26 2021-09-01
6 UNITS BLACKROCK INC P 2021-07-26 2021-10-25
28 UNITS BLACKROCK INC P 2021-02-10 2021-10-25
2 UNITS BLACKSTONE INC P 2021-02-10 2021-12-21
24 UNITS BLACKSTONE INC P 2020-05-19 2021-12-21
1 UNIT BOOKING HOLDINGS INC P 2020-05-29 2021-02-26
1 UNIT BOOKING HOLDINGS INC P 2020-10-26 2021-02-26
3 UNIT BOOKING HOLDINGS INC P 2020-03-06 2021-02-26
5 UNITS BROADCOM INC P 2019-07-03 2021-02-12
51 UNITS CISCO SYSTEMS INC P 2021-07-26 2021-09-01
25 UNITS COGNIZANT TECH SOLUTIONS CRP COM P 2017-08-17 2021-02-26
8 UNITS DIAGEO PLC - ADR P 2021-07-26 2021-10-25
5 UNITS ELI LILLY & CO COM P 2020-05-19 2021-07-08
3 UNITS ELI LILLY & CO COM P 2019-08-09 2021-07-08
377.4460 UNITS EV GL MACR ABS RTRN ADV-R6#1072 P 2018-02-09 2021-07-27
92.6610 UNITS EV GL MACR ABS RTRN ADV-R6#1072 P 2019-10-25 2021-07-27
6,345.5320 UNITS EV GL MACR ABS RTRN ADV-R6#1072 P 2017-11-21 2021-07-27
154.6390 UNITS EV GL MACR ABS RTRN ADV-R6#1072 P 2020-02-20 2021-07-27
322.5990 UNITS EV GL MACR ABS RTRN ADV-R6#1072 P 2020-10-01 2021-07-27
540.0180 UNITS EV GL MACR ABS RTRN ADV-R6#1072 P 2020-12-10 2021-07-27
645.5150 UNITS EV GL MACR ABS RTRN ADV-R6#1072 P 2021-02-23 2021-07-27
5 UNITS FIDELITY NATL INFORMATION SVCS INC P 2020-03-06 2021-02-26
10 UNITS FIDELITY NATL INFORMATION SVCS INC P 2021-02-10 2021-02-26
55 UNITS FLEX LTD P 2019-06-11 2021-02-26
90 UNITS FLEX LTD P 2018-11-19 2021-02-26
55 UNITS FLEX LTD P 2018-11-19 2021-11-23
240 UNITS FLEX LTD P 2020-04-06 2021-11-23
185 UNITS FLEX LTD P 2020-08-14 2021-11-23
16 UNITS GARMIN LTD P 2021-07-26 2021-09-01
10,000 UNITS GOLDMAN SACHS GROUP 3.0% 04/26/22 P 2017-11-27 2021-02-01
5,000 UNITS GOLDMAN SACHS GROUP 3.0% 04/26/22 P 2019-08-08 2021-02-01
2,000 UNITS GOLDMAN SACHS GROUP 3.0% 04/26/22 P 2019-09-27 2021-02-01
1,000 UNITS GOLDMAN SACHS GROUP 3.0% 04/26/22 P 2020-02-19 2021-02-01
109.011 UNITS INV OPP DEVELOP MRKTS-R6 #7038 P 2017-11-21 2021-02-24
432 UNITS INVESCO OPTIMUM YIELD DIVERS P 2020-04-09 2021-02-25
3,083 UNITS INVESCO OPTIMUM YIELD DIVERS P 2020-04-09 2021-07-28
399 UNITS INVESCO OPTIMUM YIELD DIVERS P 2020-05-15 2021-07-28
131 UNITS ISHARES RUSSELL 2000 ETF P 2021-02-23 2021-07-28
68 UNITS ISHARES RUSSELL 2000 ETF P 2020-12-09 2021-12-15
58 UNITS ISHARES RUSSELL 2000 ETF P 2021-02-23 2021-12-15
288 UNITS ISHARES RUSSELL 2000 ETF P 2021-03-25 2021-12-15
64 UNITS ISHARES RUSSELL 2000 ETF P 2020-09-25 2021-12-15
15 UNITS JPMORGAN CHASE & CO P 2019-08-09 2021-02-26
8 UNITS LAM RESEARCH CORP COM P 2019-08-09 2021-02-12
2 UNITS LAM RESEARCH CORP COM P 2018-11-19 2021-02-12
5 UNITS LAM RESEARCH CORP COM P 2020-04-06 2021-04-12
25 UNITS LAS VEGAS SANDS CORP P 2017-11-21 2021-02-26
10 UNITS LAS VEGAS SANDS CORP P 2017-08-17 2021-02-26
220 UNITS MANULIFE FINANCIAL CORP P 2019-02-27 2021-02-12
5 UNITS MICROSOFT CORP P 2020-12-11 2021-02-26
5 UNITS MICROSOFT CORP P 2017-11-21 2021-02-26
14 UNITS MICROSOFT CORP P 2021-07-26 2021-12-21
15 UNITS NIKE INC CL B P 2021-07-26 2021-12-21
2 UNITS ORGANON & CO P 2020-04-06 2021-06-16
1.5 UNITS ORGANON & CO P 2020-08-14 2021-06-16
11.5 UNITS ORGANON & CO P 2017-11-21 2021-06-16
8,343.9330 UNITS PIMCO HIGH YIELD FD-INST #108 P 2019-10-11 2021-03-26
135.2350 UNITS PIMCO HIGH YIELD FD-INST #108 P 2019-10-25 2021-03-26
24.5910 UNITS PIMCO HIGH YIELD FD-INST #108 P 2020-02-20 2021-03-26
592.2980 UNITS PIMCO HIGH YIELD FD-INST #108 P 2020-10-01 2021-03-26
1,118.0510 UNITS PIMCO HIGH YIELD FD-INST #108 P 2020-12-10 2021-03-26
726.4320 UNITS PIMCO HIGH YIELD FD-INST #108 P 2021-02-23 2021-03-26
2,156.8390 UNITS PIMCO HIGH YIELD FD-INST #108 P 2020-05-15 2021-03-26
75 UNITS SUNCOR ENERGY INC NEW F P 2017-11-21 2021-02-26
15 UNITS SYSCO CORP P 2020-08-25 2021-02-26
5 UNITS SYSCO CORP P 2020-05-19 2021-02-26
4,816.2440 UNITS T ROWE PR OVERSEAS STOCK-I #521 P 2019-08-08 2021-02-24
8 UNITS TARGET CORP P 2020-04-06 2021-06-16
595.503 UNITS TOUCHSTONE MID CAP-INST #353 P 2020-02-20 2021-02-24
45.386 UNITS TOUCHSTONE MID CAP-INST #353 P 2020-02-20 2021-03-26
273.084 UNITS TOUCHSTONE MID CAP-INST #353 P 2020-12-10 2021-02-24
23.343 UNITS UNDISC MGRS BEHAV VAL - R6 P 2021-02-23 2021-03-26
30 UNITS UNILEVER PLC - ADR P 2020-02-03 2021-02-26
5 UNITS UNITEDHEALTH GROUP INC P 2019-09-30 2021-02-26
9 UNITS UNITEDHEALTH GROUP INC P 2020-04-06 2021-07-08
176 UNITS VANGUARD MIDCAP VIPER P 2019-10-21 2021-02-25
159 UNITS VANGUARD MIDCAP VIPER P 2019-10-21 2021-07-28
57 UNITS VANGUARD MIDCAP VIPER P 2020-06-25 2021-07-28
13 UNITS WALGREENS BOOTS ALLI 3.8% P 2019-11-04 2021-04-26
10 UNITS WALT DISNEY CO P 2020-12-11 2021-02-26
5 UNITS WALT DISNEY CO P 2017-11-21 2021-02-26
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 88,963   88,000 963
b 180,457   177,000 3,457
c 89,173   88,963 210
d 85,988   88,000 -2,012
e 6,437   7,970 -1,533
1,811   2,198 -387
1,811   2,230 -419
1,352   1,220 132
676   250 426
1,864   751 1,113
2,594   1,270 1,324
79,491   57,125 22,366
5,915   3,829 2,086
7,603   7,015 588
2,549   2,705 -156
4,648   4,737 -89
1,499   1,723 -224
3,898   3,754 144
12,000   12,000 0
3,000   3,023 -23
13,000   13,000 0
3,549   3,648 -99
2,762   2,603 159
2,381   2,120 261
794   670 124
3,703   1,988 1,715
247   142 105
2,959   1,291 1,668
2,434   1,630 804
2,434   1,740 694
7,301   4,812 2,489
2,350   1,423 927
3,010   2,818 192
1,868   1,790 78
1,594   1,529 65
1,171   785 386
703   339 364
3,997   3,914 83
981   959 22
67,199   68,024 -825
1,638   1,650 -12
3,416   3,426 -10
5,719   5,897 -178
6,836   6,765 71
701   680 21
1,401   1,327 74
1,027   528 499
1,680   720 960
975   440 535
4,255   2,075 2,180
3,280   2,096 1,184
2,851   2,466 385
10,062   10,076 -14
5,031   5,057 -26
2,012   2,021 -9
1,006   1,014 -8
6,209   4,717 1,492
7,551   5,253 2,298
61,792   37,488 24,304
7,997   4,694 3,303
28,908   28,553 355
14,818   13,072 1,746
12,639   12,642 -3
62,758   60,400 2,358
13,946   9,315 4,631
2,298   1,630 668
4,238   1,566 2,672
1,060   291 769
3,325   1,210 2,115
1,616   1,693 -77
646   609 37
4,257   3,764 493
1,174   1,061 113
1,174   419 755
4,529   4,044 485
2,435   2,486 -51
61     61
47     47
350     350
74,761   74,261 500
1,212   1,209 3
220   223 -3
5,334   5,191 143
10,018   10,096 -78
6,509   6,596 -87
19,325   17,644 1,681
1,607   2,645 -1,038
1,218   870 348
406   262 144
61,262   48,259 13,003
1,854   763 1,091
27,435   25,053 2,382
2,111   1,909 202
6,434   5,770 664
1,831   1,765 66
1,633   1,765 -132
1,661   1,080 581
3,671   2,165 1,506
38,442   29,722 8,720
37,998   26,851 11,147
13,622   9,125 4,497
14,291   13,752 539
1,974   1,789 185
987   515 472
7,937     7,937
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       963
b       3,457
c       210
d       -2,012
e       -1,533
      -387
      -419
      132
      426
      1,113
      1,324
      22,366
      2,086
      588
      -156
      -89
      -224
      144
      0
      -23
      0
      -99
      159
      261
      124
      1,715
      105
      1,668
      804
      694
      2,489
      927
      192
      78
      65
      386
      364
      83
      22
      -825
      -12
      -10
      -178
      71
      21
      74
      499
      960
      535
      2,180
      1,184
      385
      -14
      -26
      -9
      -8
      1,492
      2,298
      24,304
      3,303
      355
      1,746
      -3
      2,358
      4,631
      668
      2,672
      769
      2,115
      -77
      37
      493
      113
      755
      485
      -51
      61
      47
      350
      500
      3
      -3
      143
      -78
      -87
      1,681
      -1,038
      348
      144
      13,003
      1,091
      2,382
      202
      664
      66
      -132
      581
      1,506
      8,720
      11,147
      4,497
      539
      185
      472
      7,937
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 146,224
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,680
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,680
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 1,680
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,680
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,000
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet4,000 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.WORKSOFGRACEFOUNDATION.ORG
    14
    The books are in care ofbulletBENJAMIN D WOOD Telephone no.bullet (208) 309-3999

    Located atbullet4501 ISLAND COVEAUSTINTX ZIP+4bullet78731
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    THERESA CASTELLANO VICE-PRESIDENT
    15.00     		0 0 0
    4501 ISLAND COVE
    AUSTIN,TX78731
    BENJAMIN DAVID WOOD PRESIDENT
    15.00     		0 0 0
    4501 ISLAND COVE
    AUSTIN,TX78731
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,176,997
    b
    Average of monthly cash balances.......................
    1b
    576,808
    c
    Fair market value of all other assets (see instructions)................
    1c
    98,123
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,851,928
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    3,851,928
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    57,779
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    3,794,149
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    189,707
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    189,707
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    2,680
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,680
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    187,027
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    187,027
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    187,027
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 187,027
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018...... 17,983
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 17,983
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 12,000
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 12,000
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 17,983 17,983
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		157,044
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    THERESA CASTELLANO
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALZHEIMER'S ASSOCIATION CAPITAL OF TEXAS CHAPTER (AUSTIN)
    5508 W US HWY 290 SERVICE RD SUITE
    206
    AUSTIN,TX78735     		N/A PC TO SUPPORT THE ORGANIZATION'S PURPOSE 1,000
    RILEY CHILDRENS HOSPITAL
    500 N MERIDIAN STREET SUITE 100
    INDIANAPOLIS,IN46204     		N/A PC TO SUPPORT THE ORGANIZATION'S PURPOSE 1,000
    THE TRAIL FOUNDATION
    1221 S MOPAC EXPY SUITE 240
    AUSTIN,TX78746     		N/A PC TO SUPPORT THE ORGANIZATION'S PURPOSE 10,000
    Total .................................bullet 3a 12,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 15,755  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 146,224  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 222,198 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    222,198
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 DepreciationSchedule
    Name:
    THE WORKS OF GRACE FOUNDATION
    EIN:
    75-2906814
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    DELL DIMENSION 2400 COMPUTER 2003-11-23 1,120 560 200DB 5.000000000000 0 0    
    DELL INSPIRON 600 COMPUTER 2003-11-23 1,768 884 200DB 5.000000000000 0 0    
    SONY LAPTOP COMPUTER 2003-04-28 1,948 1,364 200DB 5.000000000000 0 0    
    FILING CABINETS 2004-03-30 1,295 647 200DB 7.000000000000 0 0    
    HP PRINTER 2004-06-08 741 370 200DB 5.000000000000 0 0    
    PRINTER 2007-07-11 794 794 200DB 5.000000000000 0 0    
    PHONE HEADSETS 2007-11-01 778 778 200DB 5.000000000000 0 0    
    OFFICE COMPUTERS 2008-07-01 3,304 1,652 200DB 5.000000000000 0 0    
    FIREPROOF FILE 2009-05-14 3,431 1,715 200DB 7.000000000000 0 0    
    OFFICE COMPUTERS (APPLE) 2010-11-12 1,376 1,376 200DB 5.000000000000 0 0    
    COMPUTER 2017-08-02 3,463 1,413 200DB 5.000000000000 196 0    

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE WORKS OF GRACE FOUNDATION
    EIN:
    75-2906814
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FIXED INCOME FUNDS 1,210,497 1,210,497

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE WORKS OF GRACE FOUNDATION
    EIN:
    75-2906814
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITY FUNDS 2,145,489 2,145,489

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE WORKS OF GRACE FOUNDATION
    EIN:
    75-2906814
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    THE VANISHING EXHIBIT FMV 98,000 98,000
    REAL ASSETS FUNDS FMV 70,251 70,251
    IRONWOOD INSTITUTIONAL FUND FMV 2,189 2,189

    TY 2021 LandEtcSchedule2
    Name:
    THE WORKS OF GRACE FOUNDATION
    EIN:
    75-2906814
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    ORGANIZATIONAL COSTS 2,277 2,277 0 0
    DELL DIMENSION 2400 COMPUTER 1,120 1,120 0 0
    DELL INSPIRON 600 COMPUTER 1,768 1,768 0 0
    SONY LAPTOP COMPUTER 1,948 1,948 0 0
    WEBSITE 22,777 22,777 0 0
    FILING CABINETS 1,295 1,295 0 0
    HP PRINTER 741 741 0 0
    WEBSITE 3,420 3,420 0 0
    PRINTER 794 794 0 0
    PHONE HEADSETS 778 778 0 0
    OFFICE COMPUTERS 3,304 3,304 0 0
    FIREPROOF FILE 3,431 3,431 0 0
    OFFICE COMPUTERS (APPLE) 1,376 1,376 0 0
    COMPUTER 3,463 3,341 122 122


    TY 2021 OtherIncreasesSchedule
    Name:
    THE WORKS OF GRACE FOUNDATION
    EIN:
    75-2906814
    Description Amount
    UNREALIZED GAIN 105,495


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE WORKS OF GRACE FOUNDATION
    EIN:
    75-2906814
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 28,514 28,514   0


    TY 2021 TaxesSchedule
    Name:
    THE WORKS OF GRACE FOUNDATION
    EIN:
    75-2906814
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 899 899   0