Clare and Robert Gray Charitable Foundation Inc
Clare and Robert Gray Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Rumson, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $526K in total assets. In 2024, it awarded 50 grants totaling $46K. Net investment income was $9K.
Key facts about Clare and Robert Gray Charitable Foundation Inc
- EIN
- 81-4615033
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $45,918
- Grants made (2024)
- 50
- Average grant
- $918
- Median grant
- $538
- New grantees (estimate)
- 56% first-time grantees (28 of 50, 2024)
- Total assets
- $526,088
- Primary geography
- New Jersey (42% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Clare and Robert Gray Charitable Foundation Inc funds
By grant dollars, the top recipient states for Clare and Robert Gray Charitable Foundation Inc's 50 itemized 2024 grants were New Jersey (42%), New York (17%) and Texas (7%). The most frequent recipient cities were Rumson, NJ (8 grants), New York, NY (3 grants), Freehold, NJ (3 grants) and Oakhurst, NJ (2 grants). None of its 50 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charity" (50 grants).
Is Clare and Robert Gray Charitable Foundation Inc open to new grantees?
56%
first-time grantees, 2024
In 2024, 28 of 50 grantees (56%) were first-time recipients. First grants averaged $841; repeat grants $1K. How we count
Medians: $500 first-time, $638 repeat.
- 28% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+13%). Method
- In 2024 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Clare and Robert Gray Charitable Foundation Inc
- How to evaluate Clare and Robert Gray Charitable Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$526K
-3.9% YoY
Annual Giving
$46K
+25.1% YoY
Grant Count
50
+47.1% YoY
Avg Grant Size
$918.36
-14.9% YoY
Under IRS private-foundation payout rules, Clare and Robert Gray Charitable Foundation Inc reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.
About Clare and Robert Gray Charitable Foundation Inc
Based on IRS filings
Clare and Robert Gray Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Rumson, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $526K in total assets. In 2024, it awarded 50 grants totaling $46K. Net investment income was $9K.
Focus Areas
Ready to take the next step with Clare and Robert Gray Charitable Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 50 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $526,088 | $547,197 | $595,404 |
| Revenue | $12,930 | $952 | $210,541 |
| Expenses | $49,370 | $38,159 | $41,049 |
| Qualifying Distributions | $45,918 | $36,699 | $39,625 |
| Net Investment Income | $9,478 | $4,593 | $209,117 |
| Distributable Amount | $47,144 | $36,441 | $36,923 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
181 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Sylvia's Children ($4,250), Tawawami Childrens Project ($4,000), Fisher House Foundation ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Sylvia's Children Holmdel, NJ | Charity | $4,250 |
| Tawawami Childrens Project Rumson, NJ | Charity | $4,000 |
| Fisher House Foundation Rockville, MD | Charity | $2,000 |
| For His Children-Ecuador Milllport, NY | Charity | $2,000 |
| Help the Helpless Vasnais Heights, MN | Charity | $2,000 |
| Innocence Project New York, NY | Charity | $2,000 |
| Operation Homefront San Antonio, TX | Charity | $2,000 |
| Refugees Helping Refugees Rochester, NY | Charity | $2,000 |
| Special Olympics of NJ Lawrenceville, NJ | Charity | $2,000 |
| USO Arlington, VA | Charity | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Robert Gray | Trustee | 5 | — |
| Clare Gray | Trustee | 5 | — |
| Margaret Carpinelli | Trustee | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Clare and Robert Gray Charitable Foundation Inc?
Clare and Robert Gray Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Rumson, NJ. It holds $526K in total assets as of 2024.
How large is Clare and Robert Gray Charitable Foundation Inc?
As of 2024, Clare and Robert Gray Charitable Foundation Inc holds $526K in total assets with $13K in annual revenue. It awarded 50 grants totaling $46K in 2024.
Where does Clare and Robert Gray Charitable Foundation Inc operate?
Clare and Robert Gray Charitable Foundation Inc has awarded grants in California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Illinois, Kansas, Massachusetts, Maryland, Minnesota, Nebraska, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, Wisconsin.
What size grants does Clare and Robert Gray Charitable Foundation Inc award?
In 2024, Clare and Robert Gray Charitable Foundation Inc awarded 50 grants totaling $46K — an average of about $918.36 per grant, based on its IRS Form 990 filings.
How much is Clare and Robert Gray Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Clare and Robert Gray Charitable Foundation Inc reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Clare and Robert Gray Charitable Foundation Inc's EIN?
Clare and Robert Gray Charitable Foundation Inc's EIN (Employer Identification Number) is 81-4615033. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.