Cleve Gray Foundation
Cleve Gray Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Lakeville, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 15 grants totaling $94K.
Key facts about Cleve Gray Foundation
- EIN
- 20-4701981
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $94,410
- Grants made (2024)
- 15
- Average grant
- $6,294
- Median grant
- $750
- Total assets
- $2,843,776
- Primary geography
- New York (67% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Cleve Gray Foundation funds
By grant dollars, the top recipient states for Cleve Gray Foundation's 15 itemized 2024 grants were New York (67%) and Texas (24%). The most frequent recipient cities were San Antonio, TX (2 grants), Torrington, CT (2 grants) and Salisbury, CT (2 grants). None of its 15 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable - Cash Contribution" (11 grants).
How Cleve Gray Foundation gives
- 40% of 2024 grantees were also funded in 2023. Method
- Giving fell 30% from 2021 to 2024. Method
- In 2024 it paid out 80% 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 (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 Cleve Gray Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8M
-3.7% YoY
Annual Giving
$94K
-2.2% YoY
Grant Count
15
-11.8% YoY
Avg Grant Size
$6K
+10.9% YoY
Under IRS private-foundation payout rules, Cleve Gray Foundation reported a distributable amount of $140K for 2024 — the minimum it must pay out in qualifying distributions.
About Cleve Gray Foundation
Based on IRS filings
Cleve Gray Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Lakeville, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 15 grants totaling $94K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 15 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,843,776 | $2,952,994 | $3,024,874 |
| Revenue | $10,229 | $46,386 | $21,256 |
| Expenses | $119,447 | $118,266 | $94,686 |
| Qualifying Distributions | $112,404 | $114,993 | $94,406 |
| Net Investment Income | — | — | — |
| Distributable Amount | $140,470 | $145,557 | $149,526 |
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
56 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include The Center for Discovery ($51,492), McNay Museum ($14,367), East Side House Settlement ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE CENTER FOR DISCOVERY Harris, NY | EDUCATIONAL - GIFTED 5 PIECES OF ARTWORK | $51,492 |
| MCNAY MUSEUM San Antonio, TX | EDUCATIONAL - GIFTED 1 PIECE OF ARTWORK | $14,367 |
| EAST SIDE HOUSE SETTLEMENT Bronx, NY | CHARITABLE - CASH CONTRIBUTION | $10,000 |
| SAN ANTONIO MUSEUM OF ART San Antonio, TX | EDUCATIONAL - GIFTED 3 PIECES OF ARTWORK | $8,620 |
| DAVIDSON COLLEGE Davidson, NC | EDUCATIONAL - GIFTED 3 PIECES OF ARTWORK | $4,081 |
| NORTHWEST CT COMMUNITY FOUNDATION Torrington, CT | CHARITABLE - CASH CONTRIBUTION | $1,000 |
| CITYARTS INC New York, NY | CHARITABLE - CASH CONTRIBUTION | $1,000 |
| CHORE SERVICE INC Lakeville, CT | CHARITABLE - CASH CONTRIBUTION | $750 |
| FLYING CLOUD Great Barrington, MA | CHARITABLE - CASH CONTRIBUTION | $500 |
| PRIME TIME HOUSE Torrington, CT | CHARITABLE - CASH CONTRIBUTION | $500 |
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 |
|---|---|---|---|
| Luke Gray | President | 1 | — |
| Thaddeus Gray | Treasurer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cleve Gray Foundation?
Cleve Gray Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Lakeville, CT. It holds $2.8M in total assets as of 2024.
How large is Cleve Gray Foundation?
As of 2024, Cleve Gray Foundation holds $2.8M in total assets with $10K in annual revenue. It awarded 15 grants totaling $94K in 2024.
Where does Cleve Gray Foundation operate?
Cleve Gray Foundation has awarded grants in Connecticut, District of Columbia, Florida, Massachusetts, North Carolina, New York, Pennsylvania, Texas, Virginia.
What size grants does Cleve Gray Foundation award?
In 2024, Cleve Gray Foundation awarded 15 grants totaling $94K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Cleve Gray Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cleve Gray Foundation reported a distributable amount of $140K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cleve Gray Foundation's EIN?
Cleve Gray Foundation's EIN (Employer Identification Number) is 20-4701981. 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.