Skip to content
Nonprofiteer
← THE GRATEFUL LIVES FOUNDATION

Form 990 for tax year 2024

Filed by THE GRATEFUL LIVES FOUNDATION.

Totals

Total revenue
$84,765,909
Total expenses
$16,990,353
Contributions and grants received
$63,027,116
Grants paid
$16,575,000
Program service revenue
$0
Investment income
$21,738,793
Other revenue
$0
Total assets, end of year
$1,114,710,709
Total liabilities, end of year
$81,250
Net assets or fund balances, end of year
$1,114,629,459
Program services expenses (Part IX)
$16,575,000
Management and general expenses
$415,353
Fundraising expenses
$0
Program service expenses (Part III)
$16,575,000

Program services were 97.6% 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

    $63,027,116

  • 1g · Noncash contributions included above

    $35,510,370

  • 3 · Investment income

    total $17,297,944 · excluded $17,297,944

  • 7a · Gross sales of assets other than inventory

    securities $71,337,176

  • 7b · Less cost or other basis and sales expenses

    securities $66,896,327

  • 7c · Gain or loss

    securities $4,440,849

  • 7d · Net gain or loss

    total $4,440,849 · related or exempt $4,440,849

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,575,000 · program services $16,575,000

  • 5 · Compensation of officers, directors and key employees

    total $361,190 · management and general $361,190

  • 11b · Fees: legal

    total $9,533 · management and general $9,533

  • 11g · Fees: other

    total $44,630 · management and general $44,630

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $42,530,303 · end of year $22,062,441

  • 11 · Investments: publicly traded securities

    beginning of year $667,046,133 · end of year $1,073,161,459

  • 12 · Investments: other securities

    end of year $19,486,809

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,250 · end of year $81,250

  • 29 · Capital stock, trust principal or current funds

    beginning of year $709,495,186 · end of year $709,495,186

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $405,134,273

Mission and programs · 2024

Mission

To support Christian-based ministries that serve the spiritual, educational, and physical needs of people, helping them come to know the love of Christ and live a dedicated Christian life.

Activities or mission (Part I)

To support Christian-based ministries that help people live a dedicated Christian life.

  • The Foundation made grants, totaling $16,575,000, to its supported organization, the National Christian Charitable Foundation (NCF).

    Expenses $16,575,000 · Grants $16,575,000

As filed on the 2024 return.

Listed in Part VII

  • Jonathan C Burrell

    President/Trustee

    Total calculated
    $0
    Hours/week
    5

  • Devon Rolf

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael King

    Trustee

    Total calculated
    $303,070
    From this org
    $0
    From related orgs
    $255,100
    Other
    $47,970
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,100 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $11,823 related
    Nontaxable benefits
    $0 + $36,147 related
    Filer's total
    $0 + $303,070 related

  • Paul Forbes

    Trustee

    Total calculated
    $239,624
    From this org
    $0
    From related orgs
    $205,093
    Other
    $34,531
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,093 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $9,602 related
    Nontaxable benefits
    $0 + $24,929 related
    Filer's total
    $0 + $239,624 related

  • Kelly Shepard

    Trustee/Former Secretary

    Total calculated
    $111,955
    From this org
    $0
    From related orgs
    $85,197
    Other
    $26,758
    Hours/week
    1 + 40 related

  • Dana Ring

    Secretary/Trustee

    Total calculated
    $266,693
    From this org
    $0
    From related orgs
    $237,362
    Other
    $29,331
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,278 related
    Bonus
    $0 + $19,084 related
    Other
    $0
    Deferred
    $0 + $16,847 related
    Nontaxable benefits
    $0 + $12,484 related
    Filer's total
    $0 + $266,693 related

  • Bessemer Trust Co of Delaware NA

    Trustee

    Total calculated
    $361,190
    From this org
    $361,190
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

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

None.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202523109349304102

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.