Hg Ray Sr Foundation
Hg Ray Sr Foundation is a private foundation, based in HIGHLANDS, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $172K in total assets. In 2024, it awarded 3 grants totaling $11K. Net investment income was $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$172K
-2.3% YoY
Annual Giving
$11K
+5.5% YoY
Grant Count
3
-50.0% YoY
Avg Grant Size
$4K
+111.1% YoY
Under IRS private-foundation payout rules, Hg Ray Sr Foundation reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
About Hg Ray Sr Foundation
Based on IRS filings
Hg Ray Sr Foundation is a private foundation, based in HIGHLANDS, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $172K in total assets. In 2024, it awarded 3 grants totaling $11K. Net investment income was $6K.
Ready to take the next step with Hg Ray Sr Foundation?
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 | $171,500 | $175,579 | $184,611 |
| Revenue | $8,528 | $2,914 | $5,327 |
| Expenses | $12,607 | $11,971 | $17,995 |
| Qualifying Distributions | $10,500 | $9,950 | $15,500 |
| Net Investment Income | $6,421 | $2,804 | $2,832 |
| Distributable Amount | $9,317 | $8,316 | $9,008 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
28 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Literary & Learning Center ($5,000), Samaritans Purse ($5,000), Marietta High School Theater ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| MARIETTA HIGH SCHOOL THEATER MARIETTA, GA | UNRESTRICTED | $500 |
| THE LITERARY & LEARNING CENTER HIGHLANDS, NC | UNRESTRICTED | $5,000 |
| SAMARITANS PURSE BOONE, NC | UNRESTRICTED | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| H GENE RAY | TRUSTEE/MANA | — | — |
| MARKHAM RAY | TRUSTEE | — | — |
Frequently Asked Questions
How large is Hg Ray Sr Foundation?
As of 2024, Hg Ray Sr Foundation holds $172K in total assets with $9K in annual revenue. It awarded 3 grants totaling $11K in 2024.
Where does Hg Ray Sr Foundation operate?
Hg Ray Sr Foundation has awarded grants in Florida, Georgia, Kansas, North Carolina, New York.
What size grants does Hg Ray Sr Foundation award?
In 2024, Hg Ray Sr Foundation awarded 3 grants totaling $11K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Hg Ray Sr Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hg Ray Sr Foundation reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hg Ray Sr Foundation's EIN?
Hg Ray Sr Foundation's EIN (Employer Identification Number) is 58-6039549. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hg Ray Sr Foundation'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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