Gray Collection Trust

Private foundation · Grantmaker Chicago, IL EIN: 26-1596672

Gray Collection Trust is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $113K in total assets. In 2025, it awarded 2 grants totaling $1.9M. Net investment income was $2K.

Key facts about Gray Collection Trust

In short: Gray Collection Trust gave $1.9M across 2 grants in 2025 (avg $931K), mostly in Illinois. Source: 2025 IRS Form 990-PF.

EIN
26-1596672
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$1,862,000
Grants made (2025)
2
Average grant
$931,000
Median grant
$931,000
Total assets
$112,697
Primary geography
Illinois (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$113K

-79.8% YoY

Annual Giving

$1.9M

-64.0% YoY

Grant Count

2

+100.0% YoY

Avg Grant Size

$931K

-82.0% YoY

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2025 grant dollars across all 2 itemized grants.

Cities

ChicagoBerkeleyNew YorkOberlin

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M$8M3 grants2020 2 grants2021 0 grants2022 1 grant2023 1 grant2024 2 grants2025

From 2020 to 2025, annual grant giving ranged from $1.3M (2021) to $6.8M (2023). In 2025 it made 2 grants totaling $1.9M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Smart Museum of Art University of Chicago: $1.8MSmart Museum of Art Universityof Chicago$1.8MHellenic Republic Consulate General of Greece in Chicago: $62KHellenic Republic ConsulateGeneral of Greece in Chicago$62K

The largest 2025 recipient was Smart Museum of Art University of Chicago ($1.8M). Together the top 2 received $1.9M.

Grant Size Distribution

6 grants across all recorded years

<$50K1$50–100K1$100–250K$250–500K$500K–1M2$1–5M2$5M+

The most common grant size was in the $1–5M range: 2 grants of 6 (33%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Smart Museum of Art University of Chicago Chicago, ILTo return cultural artifacts to their country of origin$1,800,000
Hellenic Republic Consulate General of Greece in Chicago Chicago, ILTo Contribute to the Museum's Permanent Collection$62,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M$8M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$112,697$558,818$568,342
Revenue$31,023$4,389,902$-1,240,069
Expenses$1,899,144$5,199,426$6,769,503
Qualifying Distributions$1,884,961$5,198,741$6,769,303
Net Investment Income$2,108$679,217$1,228

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 3, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS July 6, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS June 6, 2024)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS June 6, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS June 2, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)

Leadership & Key People

Officers and directors from IRS filings

Gray Collection Trust's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Mary Gray

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Paul Gray

    Trustee

    On filings since 2020

    1 hr/week

    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 Gray Collection Trust

How much does Gray Collection Trust give each year?

Gray Collection Trust gave $1.9M across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5.2M across 1 grant.

How large is Gray Collection Trust?

Gray Collection Trust reported $113K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $31K.

Where does Gray Collection Trust operate?

Gray Collection Trust has awarded grants in California, Illinois, New York, Ohio.

What is Gray Collection Trust's EIN?

Gray Collection Trust's EIN (Employer Identification Number) is 26-1596672. 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.

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