Gray Matters Charitable Foundation Inc
Gray Matters Charitable Foundation Inc is a private foundation, 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.
Gray Matters Charitable Foundation Inc at a glance
In short: Gray Matters Charitable Foundation Inc gave $15K across 1 grant in 2024 (avg $15K), mostly in Georgia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $15,000
- -98.7% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $15,000
- -97.4% vs 2023
- Median grant
- $15,000
- Total assets
- $3,921,129
- -1.5% vs 2023
- Primary geography
- Georgia (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Gray Matters Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Gray Ghost Ventures Education Holdings LLC ($15K).
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 16 grants of 19 (84%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $15K (2024) to $15.0M (2020). In 2024 it made 1 grant totaling $15K.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,921,129 | $905,351 | $204,313 | $15,000 | 1 | $15,000 | $729,315 | $15,109 |
| 2023 | $3,981,473 | $384,922 | $1,211,745 | $1,175,814 | 2 | $1,175,814 | — | $21,281 |
| 2022 | $5,143,664 | $95,593 | $1,112,227 | $1,112,227 | 2 | $1,112,227 | $175,790 | $37,165 |
| 2021 | $6,233,341 | $41,247 | $585,891 | $25,000 | 2 | $27,327 | — | $19,400 |
| 2020 | $7,845,782 | $136,904 | $15,148,464 | $14,990,333 | 12 | — | — | $22,985 |
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.
Leadership & Key People
Officers and directors from IRS filings
Gray Matters Charitable Foundation Inc is led by Smita Sircar, President & Director on every filing since 2022; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Smita Sircar
President & Director
On filings since 2022
0.1 hrs/week
No compensation reported
Robert Pattillo
Director
On filings since 2022
0.1 hrs/week
No compensation reported
Phyllis Costanza
Director
On filings since 2023
0.1 hrs/week
No compensation reported
Clay Reese
Secretary
On filings since 2020
0.1 hrs/week
No compensation reported
Jennifer F. Soltis
Vice President
On filings since 2020
0.1 hrs/week
No compensation reported
Laura W. Putz
Vice President
On filings since 2020
0.1 hrs/week
No compensation reported
Former officers (2)
- Former: Erika Norwood (2020–2021) — Executive Director, Chariman & President
- Former: Michael Davis (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2024. "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 Matters Charitable Foundation Inc
How much does Gray Matters Charitable Foundation Inc give each year?
Gray Matters Charitable Foundation Inc gave $15K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.2M across 2 grants.
How large is Gray Matters Charitable Foundation Inc?
Gray Matters Charitable Foundation Inc reported $3.9M in total assets on its 2024 IRS Form 990-PF. It paid out $15K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Gray Matters Charitable Foundation Inc operate?
Gray Matters Charitable Foundation Inc has awarded grants in Georgia, Illinois.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Gray Matters Charitable Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Gray Matters Charitable Foundation Inc's focus areas in our free grants database
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