Gray Collection Trust
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
Share of 2025 grant dollars across all 2 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
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
The most common grant size was in the $1–5M range: 2 grants of 6 (33%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Smart Museum of Art University of Chicago Chicago, IL | To return cultural artifacts to their country of origin | $1,800,000 |
| Hellenic Republic Consulate General of Greece in Chicago Chicago, IL | To Contribute to the Museum's Permanent Collection | $62,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 6, 2024)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 2, 2025)
- 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.
Here's the math on researching Gray Collection Trust by hand.
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