Form 990 for tax year 2023

Filed by PRINCESS GRACE FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 15 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total assets, end of year: $24,682,054 changed to $24,882,054
Net assets or fund balances, end of year: $23,633,409 changed to $23,833,409

Totals

Total revenue: $2,749,009
Total expenses: $1,862,949
Contributions and grants received: $644,332
Grants paid: $607,862
Program service revenue: $0
Investment income: $1,570,665
Other revenue: $534,012
Total assets, end of year: $24,882,054
Total liabilities, end of year: $1,048,645
Net assets or fund balances, end of year: $23,833,409
Program services expenses (Part IX): $989,487
Management and general expenses: $324,752
Fundraising expenses: $548,710
Program service expenses (Part III): $989,487

Program services were 53.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1f · All other contributions, gifts and grants

$644,332
3 · Investment income

total $218,113 · excluded $218,113
5 · Royalties

total $484,012 · excluded $484,012
7a · Gross sales of assets other than inventory

securities $7,430,512
7b · Less cost or other basis and sales expenses

securities $6,077,960
7c · Gain or loss

securities $1,352,552
7d · Net gain or loss

total $1,352,552 · excluded $1,352,552
11a · Other revenue: OTHER REVENUE

total $50,000 · related or exempt $50,000
11e · Other revenue, total

$50,000

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $128,708 · program services $128,708
2 · Grants to domestic individuals

total $479,154 · program services $479,154
5 · Compensation of officers, directors and key employees

total $216,800 · program services $80,000 · management and general $66,800 · fundraising $70,000
7 · Other salaries and wages

total $396,019 · program services $144,074 · management and general $31,013 · fundraising $220,932
9 · Other employee benefits

total $86,313 · program services $25,615 · management and general $16,121 · fundraising $44,577
10 · Payroll taxes

total $49,639 · program services $14,732 · management and general $9,270 · fundraising $25,637
11b · Fees: legal

total $13,508 · management and general $13,508
11f · Fees: investment management

total $22,586 · management and general $22,586
11g · Fees: other

total $91,047 · program services $26,410 · management and general $53,774 · fundraising $10,863
13 · Office expenses

total $6,525 · program services $4,091 · management and general $904 · fundraising $1,530
16 · Occupancy

total $124,626 · program services $43,619 · management and general $81,007
17 · Travel

total $68,197 · program services $12,490 · management and general $4,320 · fundraising $51,387
22 · Depreciation, depletion and amortization

total $1,359 · program services $619 · management and general $262 · fundraising $478
23 · Insurance

total $25,390 · program services $6,342 · management and general $15,563 · fundraising $3,485
24a · Other expenses: MISCELLANEOUS

total $52,405 · program services $408 · management and general $1,837 · fundraising $50,160
24b · Other expenses: EQUIP. RENTAL & MAINT.

total $51,872 · program services $23,225 · management and general $7,787 · fundraising $20,860
24c · Other expenses: MEALS & FACILITIES RENT

total $48,801 · fundraising $48,801

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $526 · end of year $1,212
2 · Savings and temporary cash investments

beginning of year $1,486,429 · end of year $525,581
3 · Pledges and grants receivable

beginning of year $591,338 · end of year $691,945
4 · Accounts receivable

beginning of year $315,385 · end of year $299,403
9 · Prepaid expenses and deferred charges

end of year $2,250
10a · Land, buildings and equipment: cost or other basis

$10,808
10b · Land, buildings and equipment: accumulated depreciation

$4,692
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $6,116
11 · Investments: publicly traded securities

beginning of year $11,201,956 · end of year $7,570,720
12 · Investments: other securities

beginning of year $3,073,273 · end of year $2,843,651
13 · Investments: program-related

beginning of year $4,500,000 · end of year $10,100,000
15 · Other assets

beginning of year $2,673,326 · end of year $2,841,176
17 · Accounts payable and accrued expenses

beginning of year $265,134 · end of year $412,988
18 · Grants payable

beginning of year $140,705 · end of year $128,849
25 · Other liabilities

beginning of year $649,209 · end of year $506,808
27 · Net assets without donor restrictions

beginning of year $21,040,975 · end of year $21,997,305
28 · Net assets with donor restrictions

beginning of year $1,746,210 · end of year $1,836,104

Mission and programs · 2023

Mission

NATIONAL IN SCOPE, THE PRINCESS GRACE FOUNDATION-USA IS DEDICATED TO IDENTIFYING AND ASSISTING EMERGING TALENT IN THEATER, DANCE, AND FILM BY AWARDING GRANTS IN THE FORM OF SCHOLARSHIPS, APPRENTICESHIPS, AND FELLOWSHIPS. THE FOUNDATION'S TRUSTEES SHARE PRINCESS GRACE'S DEDICATION TO SUPPORTING THE ARTS AND THEY BELIEVE, AS PRINCESS GRACE DID, THAT CULTIVATION AND TRAINING OF EMERGING TALENT IS ESSENTIAL TO ENSURE SUSTAINED EXCELLENCE IN THE ARTS. EACH YEAR, THE FOUNDATION ANNOUNCES A SELECT GROUP OF PRINCESS GRACE AWARDS FOR DISTINCTION IN THE AREAS OF THEATER, DANCE, AND FILM. STUDENTS ARE ELIGIBLE FOR SCHOLARSHIPS; EMERGING ARTISTS WORKING IN COMPANIES QUALIFY FOR APPRENTICESHIPS AND FELLOWSHIPS. A PLAYWRITING FELLOWSHIP IS AVAILABLE FOR INDIVIDUAL ARTISTS THROUGH A RESIDENCY AT NEW DRAMATISTS IN NEW YORK CITY.

Activities or mission (Part I)

NATIONAL IN SCOPE, THE PRINCESS GRACE FOUNDATION-USA IS DEDICATED TO IDENTIFYING AND ASSISTING EMERGING TALENT IN THEATER, DANCE, AND FILM BY AWARDING GRANTS IN THE FORM OF SCHOLARSHIPS, APPRENTICESHIPS, AND FELLOWSHIPS. THE FOUNDATION'S TRUSTEES SHARE PRINCESS GRACE'S DEDICATION TO SUPPORTING THE ARTS AND THEY BELIEVE, AS SHE DID, THAT CULTIVATION AND TRAINING OF EMERGING TALENT IS ESSENTIAL TO ENSURE SUSTAINED EXCELLENCE IN THE ARTS. EACH YEAR, THE FOUNDATION ANNOUNCES A SELECT GROUP OF PRINCESS GRACE AWARDS FOR DISTINCTION IN THE AREAS OF THEATER, DANCE, AND FILM. STUDENTS ARE ELIGIBLE FOR SCHOLARSHIPS; EMERGING ARTISTS WORKING IN COMPANIES QUALIFY FOR APPRENTICESHIPS AND FELLOWSHIPS. A PLAYWRITING FELLOWSHIP IS AVAILABLE FOR INDIVIDUAL ARTISTS THROUGH A RESIDENCY AT NEW DRAMATISTS IN NEW YORK CITY.

NATIONAL IN SCOPE, THE PRINCESS GRACE FOUNDATION IS DEDICATED TO IDENTIFYING AND ASSISTING EMERGING TALENT IN THEATER, DANCE, AND FILM BY AWARDING GRANTS IN THE FORM OF SCHOLARSHIPS, APPRENTICESHIPS, AND FELLOWSHIPS. THE FOUNDATION'S TRUSTEES SHARE PRINCESS GRACE'S DEDICATION TO SUPPORTING THE ARTS AND THEY BELIEVE, AS SHE DID, THAT CULTIVATION AND TRAINING OF EMERGING TALENT IS ESSENTIAL TO ENSURE SUSTAINED EXCELLENCE IN THE ARTS. EACH YEAR, THE FOUNDATION ANNOUNCES A SELECT GROUP OF PRINCESS GRACE AWARDS FOR DISTINCTION IN THE AREAS OF THEATER, DANCE, AND FILM. STUDENTS ARE ELIGIBLE FOR SCHOLARSHIPS; EMERGING ARTISTS WORKING IN COMPANIES QUALIFY FOR APPRENTICESHIPS AND FELLOWSHIPS. A PLAYWRIGHTING FELLOWSHIP IS AVAILABLE FOR INDIVIDUAL ARTISTS THROUGH A RESIDENCY AT NEW DRAMATISTS IN NEW YORK CITY.

Expenses $989,487 · Grants $607,862

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Anne Hearst McInerneyANNE HEARST MCINERNEY

DIRECTOR (OUTGOING)

Total calculated

$0

Hours/week

0.5
Anton KatzANTON KATZ

DIRECTOR

Total calculated

$0

Hours/week

2 + 0.5 related
Barbara LehmanBARBARA LEHMAN

DIRECTOR

Total calculated

$0

Hours/week

1 + 0.5 related
D Christopher Le VineD CHRISTOPHER LE VINE

DIRECTOR

Total calculated

$0

Hours/week

1 + 2 related
Gerard CohenGERARD COHEN

DIRECTOR

Total calculated

$0

Hours/week

0.5
Hon John F LehmanHON JOHN F LEHMAN

CHAIRMAN

Total calculated

$0

Hours/week

3 + 2 related
Hrh The Princess Of HanoverHRH THE PRINCESS OF HANOVER

DIRECTOR

Total calculated

$0

Hours/week

0.5
Hsh Prince Albert II Of MonacoHSH PRINCE ALBERT II OF MONACO

VICE CHAIRMAN

Total calculated

$0

Hours/week

0.5
Hsh Princess Charlene Of MonacoHSH PRINCESS CHARLENE OF MONACO

DIRECTOR

Total calculated

$0

Hours/week

0.5
Hsh Princess Stephanie Of MonaclHSH PRINCESS STEPHANIE OF MONACL

DIRECTOR

Total calculated

$0

Hours/week

0.5
John GoreJOHN GORE

DIRECTOR

Total calculated

$0

Hours/week

0.5
John M ChuJOHN M CHU

DIRECTOR

Total calculated

$0

Hours/week

0.5
John PaulsonJOHN PAULSON

DIRECTOR

Total calculated

$0

Hours/week

0.5
Jon B Turk MDJON B TURK MD

DIRECTOR

Total calculated

$0

Hours/week

1
Leslie Odom JrLESLIE ODOM JR

DIRECTOR

Total calculated

$0

Hours/week

0.5
Melia BensussenMELIA BENSUSSEN

DIRECTOR (OUTGOING)

Total calculated

$0

Hours/week

0.5
Michael Wj SmurfitMICHAEL WJ SMURFIT

DIRECTOR (OUTGOING)

Total calculated

$0

Hours/week

0.5
Noelle WolfNOELLE WOLF

DIRECTOR

Total calculated

$0

Hours/week

0.5
Norman E DonoghueNORMAN E DONOGHUE

DIRECTOR (OUTGOING)

Total calculated

$0

Hours/week

1
Rachel HovnanianRACHEL HOVNANIAN

DIRECTOR

Total calculated

$0

Hours/week

0.5
Richard KirshenbaumRICHARD KIRSHENBAUM

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Robert O MarxROBERT O MARX

VICE CHAIRMAN

Total calculated

$0

Hours/week

3 + 1 related
Rod GancasROD GANCAS

DIRECTOR

Total calculated

$0

Hours/week

0.5
Sandra Van EsscheSANDRA VAN ESSCHE

DIRECTOR

Total calculated

$0

Hours/week

1
Scott GreensteinSCOTT GREENSTEIN

DIRECTOR

Total calculated

$0

Hours/week

0.5
Serena D LeseSERENA D LESE

DIRECTOR

Total calculated

$0

Hours/week

1
Woo Jung ChoWOO JUNG CHO

DIRECTOR

Total calculated

$0

Hours/week

0.5
Brisa CharletonBRISA CHARLETON

CEO

Total calculated

$200,000

From this org

$200,000

From related orgs

$0

Other

$0

Hours/week

15 + 30 related

Schedule J breakdown matched by us

Base

$200,000

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$200,000
Katherine EpsteinKATHERINE EPSTEIN

CONTRACTED ACCOUNTING MANAGER

Total calculated

$16,800

From this org

$16,800

From related orgs

$0

Other

$0

Hours/week

40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Form 990 of other organizations
3 · Compensation survey or study
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

BARYSHNIKOV ARTS CENTER

$65,168

ARTIST RESIDENCY
EDUCATIONAL THEATRE FOUNDATION

$28,750

GRACE KELLY SCHOLARSHIP
NEW DRAMATISTS

$21,000

PRINCESS GRACE AWARD 2023 - PLAYWRIGHT AWARD

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

0

C · LUXURY WHOLESALE & RETAIL · DE · 100% owned · share of assets $2,553,713 · controlled entity

Directly controlled by PRINCESS GRACE FOUNDATION

Provenance

Return type: form_990
Tax year: 2023
Filed: 26 November 2025
IRS schema version: 2023v6.0
Source object: 202503309349301350

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.