Gray Lady Foundation Inc is a private foundation focused on Medical Research, based in SHREWSBURY, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $852K in total assets. In 2024, it awarded 2 grants totaling $68K. Net investment income was $28K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$852K
-6.9% YoY
Annual Giving
$68K
+579.8% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$34K
+239.9% YoY
Under IRS private-foundation payout rules, Gray Lady Foundation Inc reported a distributable amount of $79K for 2024 — the minimum it must pay out in qualifying distributions.
About Gray Lady Foundation Inc
Based on IRS filings
Gray Lady Foundation Inc is a private foundation focused on Medical Research, based in SHREWSBURY, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $852K in total assets. In 2024, it awarded 2 grants totaling $68K. Net investment income was $28K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $851,729 | $915,000 | $909,786 |
| Revenue | $29,698 | $39,677 | $81,760 |
| Expenses | $92,969 | $34,462 | $33,214 |
| Qualifying Distributions | $74,891 | $11,500 | $17,700 |
| Net Investment Income | $28,407 | $29,993 | $31,758 |
| Distributable Amount | $79,207 | — | $70,562 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Open Grants
1 open opportunity from Gray Lady Foundation Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ohio State University ($57,981), AKC Canine Health Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Ohio State University Detroit, MI | Canine Research | $57,981 |
| AKC Canine Health Foundation Raleigh, NC | Canine Health Research | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jennifer Herndon | Director | 1 | — |
| Patrick J Daly | Clerk, Director | 1 | — |
| David L Taylor | Treasurer, Director | 2 | — |
| Russell H Herndon | President, Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gray Lady Foundation Inc?
Gray Lady Foundation Inc is a private foundation focused on Medical Research, based in SHREWSBURY, MA. It holds $852K in total assets as of 2024.
How large is Gray Lady Foundation Inc?
As of 2024, Gray Lady Foundation Inc holds $852K in total assets with $30K in annual revenue. It awarded 2 grants totaling $68K in 2024.
Where does Gray Lady Foundation Inc operate?
Gray Lady Foundation Inc has awarded grants in Massachusetts, Michigan, North Carolina, New York.
What size grants does Gray Lady Foundation Inc award?
In 2024, Gray Lady Foundation Inc awarded 2 grants totaling $68K — an average of about $34K per grant, based on its IRS Form 990 filings.
How much is Gray Lady Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gray Lady Foundation Inc reported a distributable amount of $79K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gray Lady Foundation Inc's EIN?
Gray Lady Foundation Inc's EIN (Employer Identification Number) is 04-3581030. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gray Lady Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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