Avrum Gray Family Fund
Avrum Gray Family Fund is a private foundation, based in Oakbrook Terrace, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $17.4M in total assets. In 2025, it awarded 1 grant totaling $1.2M. Net investment income was $476K.
Avrum Gray Family Fund at a glance
In short: Avrum Gray Family Fund gave $1.2M across 1 grant in 2025 (avg $1.2M), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,166,771
- +118.2% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $1,166,771
- +118.2% vs 2024
- Median grant
- $1,166,771
- Total assets
- $17,449,029
- -3.7% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Avrum Gray Family Fund funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Avrum Gray Family Fund gives
- Giving grew 69% from 2022 to 2025. Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $428K (2023) to $1.2M (2025). In 2025 it made 1 grant totaling $1.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Schedule Chicago, IL | See Attached Schedule | $1,166,771 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $17,449,029 | $513,950 | $1,182,256 | $1,166,771 | 1 | $1,182,256 | $476,339 | $1,171,305 |
| 2024 | $18,117,335 | $688,490 | $548,992 | $534,791 | 1 | $548,992 | $653,989 | $1,007,248 |
| 2023 | $17,977,837 | $668,359 | $439,097 | $427,543 | 1 | $439,097 | $638,505 | $919,446 |
| 2022 | $17,748,575 | $286,713 | $699,901 | $689,338 | 1 | $699,901 | $276,150 | $948,469 |
| 2021 | $18,161,763 | $8,871,082 | $881,022 | $850,210 | 1 | $881,022 | $1,356,770 | $813,383 |
| 2020 | $10,171,703 | $5,721,560 | $734,248 | $729,804 | 1 | — | $549,116 | $278,899 |
Under IRS private-foundation payout rules, Avrum Gray Family Fund reported a distributable amount of $1.2M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Avrum Gray Family Fund is led by Lori Gray Faversham, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lori Gray Faversham
President
On filings since 2020
No compensation reported
Avrum Gray
V.p. & Treasurer
On filings since 2020
No compensation reported
James Gray
Vice President
On filings since 2020
No compensation reported
Matthew Gray
Vice President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Avrum Gray Family Fund
How much does Avrum Gray Family Fund give each year?
Avrum Gray Family Fund gave $1.2M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $535K across 1 grant.
How large is Avrum Gray Family Fund?
Avrum Gray Family Fund reported $17.4M in total assets on its 2025 IRS Form 990-PF. It paid out $1.2M in qualifying distributions that year, against a required minimum of $1.2M (roughly 5% of its investment assets).
Where does Avrum Gray Family Fund operate?
Avrum Gray Family Fund has awarded grants in Illinois.
What is Avrum Gray Family Fund's EIN?
Avrum Gray Family Fund's EIN (Employer Identification Number) is 20-1533159. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 24, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 24, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
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