Gray Matters Charitable Foundation Inc

Foundation · Grantmaker Atlanta, GA EIN: 58-2147850

Gray Matters Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Atlanta, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 1 grant totaling $15K. Net investment income was $729K.

Key facts about Gray Matters Charitable Foundation Inc

EIN: 58-2147850
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $15,000
Grants made (2024): 1
Average grant: $15,000
Median grant: $15,000
Total assets: $3,921,129
Primary geography: Georgia (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How Gray Matters Charitable Foundation Inc gives

Giving fell 40% from 2021 to 2024. Method
In 2024 it paid out 99% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Gray Matters Charitable Foundation Inc

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.9M

-1.5% YoY

Annual Giving

$15K

-98.7% YoY

Grant Count

-50.0% YoY

Avg Grant Size

$15K

-97.4% YoY

Under IRS private-foundation payout rules, Gray Matters Charitable Foundation Inc reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.

About Gray Matters Charitable Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Georgia $15K (100%)

Share of all 1 itemized 2024 grant dollars.

States

Georgia Illinois

Cities

AtlantaChampaignClarkstonCollege ParkJonesboro

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,921,129	$3,981,473	$5,143,664
Revenue	$905,351	$384,922	$95,593
Expenses	$204,313	$1,211,745	$1,112,227
Qualifying Distributions	$15,000	$1,175,814	$1,112,227
Net Investment Income	$729,315	—	$175,790
Distributable Amount	$15,109	$21,281	$37,165

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 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 1 recipients in 2024

Grant Size Distribution

19 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Gray Ghost Ventures Education Holdings LLC ($15,000).

Recipient	Purpose	Amount
GRAY GHOST VENTURES EDUCATION HOLDINGS LLC Atlanta, GA	TO SUPPORT THE GENERAL ADMINISTRATION OF THE COMPANY IN THE MANAGEMENT OF THE EDUCATION FINANCE INVESTMENTS IN THE DEVELOPING WORLD. IN LINE WITH GCMF'S MISSION.	$15,000

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
Clay Reese	Secretary	0.1	—
Laura W Putz	Vice President	0.1	—
Jennifer F Soltis	Vice President	0.1	—
Smita Sircar	President, Director	0.1	—
Robert Pattillo	Director	0.1	—
Phyllis Costanza	Director	0.1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Gray Matters Charitable Foundation Inc?

Gray Matters Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Atlanta, GA. It holds $3.9M in total assets as of 2024.

How large is Gray Matters Charitable Foundation Inc?

As of 2024, Gray Matters Charitable Foundation Inc holds $3.9M in total assets with $905K in annual revenue. It awarded 1 grant totaling $15K in 2024.

Where does Gray Matters Charitable Foundation Inc operate?

Gray Matters Charitable Foundation Inc has awarded grants in Georgia, Illinois.

What size grants does Gray Matters Charitable Foundation Inc award?

In 2024, Gray Matters Charitable Foundation Inc awarded 1 grant totaling $15K — an average of about $15K per grant, based on its IRS Form 990 filings.

How much is Gray Matters Charitable Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Gray Matters Charitable Foundation Inc reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Gray Matters Charitable Foundation Inc's EIN?

Gray Matters Charitable Foundation Inc's EIN (Employer Identification Number) is 58-2147850. IRS Form 990 filing data is available on this page for 2020–2024.