Gray Charitable Trust is a private foundation based in New York, NY, established in 1999. The trust operates as a 501(c)(3) organization with no employees and functions exclusively through grant payments to qualified charitable organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25.1M
+6.1% YoY
Annual Giving
$703K
-19.7% YoY
Grant Count
21
-16.0% YoY
Avg Grant Size
$33K
-4.5% YoY
Under IRS private-foundation payout rules, Gray Charitable Trust reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding focus areas include:
- Education
- Science and STEM education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Arts
Grantmaking
Grant Range
$2,000–$200,000
Ready to take the next step with Gray Charitable Trust?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Pennsylvania, Maryland, and Maine.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $25,057,645
- Total revenues: $4,011,943
- Total expenses: $2,578,472
- Investment income and dividends: $2,016,710
- Net gain from sale of non-inventory assets: $1,995,233
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,057,645 | $23,624,134 | $22,309,405 |
| Revenue | $4,011,943 | $2,886,575 | $3,569,821 |
| Expenses | $2,578,472 | $1,567,194 | $1,798,682 |
| Qualifying Distributions | $784,556 | $953,083 | $854,680 |
| Net Investment Income | $2,266,527 | $2,405,787 | $2,625,819 |
| Distributable Amount | $1,055,300 | $1,036,222 | $1,018,520 |
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
138 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Trustees of University of Pennsylvania ($200,000), Commonwealth of Pa Dhs ($150,000), Altru Vision - a Lions Eye Bank ($55,000).
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The trust is managed by three trustees:
- Kenneth B Gray Jr.
- Doreen H Gray
- Kimberley H Gray
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENNETH B GRAY JR | EXECUTIVE TRUSTEE | 5 | — |
| DOREEN H GRAY | TRUSTEE | 5 | — |
| KIMBERLEY H GRAY | TRUSTEE | 5 | — |
| MERIDITH L GRAY | TRUSTEE | 5 | — |
| SAMUEL M GAWTHROP JR | TRUSTEE | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Gray Charitable Trust fund?
The foundation's primary funding focus areas include: • Education • Science and STEM education • Philanthropy, Voluntarism & Grantmaking • Human Services • Arts
How do I apply for a grant from Gray Charitable Trust?
**Grant Activity:** • Made 34 grants in 2024 • Total giving: $703,000 • Typical grant range: $2,000–$200,000 **Recent Grants (2024):** • University of Pennsylvania: $200,000 (Healthcare Innovative) • UC Riverside Foundation: $52,000 (The Rise Program) • CCSA Foundation: $50,000 (CCSA Math Initiative) • Philadelphia Museum of Art (among grantees)
Where does Gray Charitable Trust make grants?
The foundation primarily funds organizations in Pennsylvania, Maryland, and Maine.
What size grants does Gray Charitable Trust award?
In 2024, Gray Charitable Trust awarded 21 grants totaling $703K — an average of about $33K per grant, based on its IRS Form 990 filings.
How much is Gray Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gray Charitable Trust reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gray Charitable Trust's EIN?
Gray Charitable Trust's EIN (Employer Identification Number) is 23-7987964. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gray Charitable Trust's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
The Hilary Grace Foundation Inc
EAST AMHERST, NY
Assets
$126K
Grants
2
Total Given
$36K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Ramsleg Foundation
BRIGHTWATERS, NY
Assets
$543
Grants
1
Total Given
$500
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Gray Charitable Trust on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Gray Charitable Trust to a real strategy.