HG Ray Sr Foundation
HG Ray Sr Foundation is a private foundation, based in Highlands, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $158K in total assets. In 2025, it awarded 6 grants totaling $19K. Net investment income was $5K.
HG Ray Sr Foundation at a glance
In short: HG Ray Sr Foundation gave $19K across 6 grants in 2025 (avg $3K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $19,000
- +81.0% vs 2024
- Grants made (2025)
- 6
- +100.0% vs 2024
- Average grant
- $3,167
- -9.5% vs 2024
- Median grant
- $1,000
- Total assets
- $157,555
- -8.1% vs 2024
- Primary geography
- New York (50% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who HG Ray Sr Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Tunnel to Towers Foundation ($10K). Together the top 6 received $19K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 29 grants of 29 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How HG Ray Sr Foundation gives
- Giving grew 23% from 2022 to 2025. Method
- In 2025 it paid out 200% of its IRS minimum distribution (the 5% rule). 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 2025, annual grant giving ranged from $7K (2020) to $19K (2025). In 2025 it made 6 grants totaling $19K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Tunnel to Towers Foundation Staten Island, NY | Unrestricted | $9,500 |
| Community Bible Church Highlands, NC | Unrestricted | $5,500 |
| The Literacy & Learning Center Highlands, NC | Unrestricted | $1,000 |
| Highlands Cashiers Health Foundatio Highlands, NC | Unrestricted | $1,000 |
| Peggy Crosby Center Highlands, NC | Unrestricted | $1,000 |
| Highlands Community Playground Proj Highlands, NC | Unrestricted | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $157,555 | $7,234 | $21,179 | $19,000 | 6 | $19,000 | $5,055 | $9,501 |
| 2024 | $171,500 | $8,528 | $12,607 | $10,500 | 3 | $10,500 | $6,421 | $9,317 |
| 2023 | $175,579 | $2,914 | $11,971 | $9,950 | 6 | $9,950 | $2,804 | $8,316 |
| 2022 | $184,611 | $5,327 | $17,995 | $15,500 | 8 | $15,500 | $2,832 | $9,008 |
| 2021 | $197,279 | $60,426 | $10,785 | $9,000 | 6 | $9,000 | $58,641 | $9,350 |
| 2020 | $148,219 | $8,076 | $7,957 | $6,570 | 5 | — | $6,236 | $8,887 |
Under IRS private-foundation payout rules, HG Ray Sr Foundation reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
HG Ray Sr Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
H. Gene Ray
Trustee & Mana
On filings since 2020
No compensation reported
Markham Ray
Trustee
On filings since 2020
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 HG Ray Sr Foundation
How much does HG Ray Sr Foundation give each year?
HG Ray Sr Foundation gave $19K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 3 grants.
What is HG Ray Sr Foundation's typical grant size?
HG Ray Sr Foundation's median grant in 2025 was $1,000, and its average grant was $3,167, across 6 grants on its 2025 IRS Form 990-PF.
Where does HG Ray Sr Foundation give grants?
HG Ray Sr Foundation gives mostly in New York: 50% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was North Carolina (50%). The most frequent recipient cities were Highlands, NC (5 grants).
Does HG Ray Sr Foundation give general operating support?
Yes: 100% of HG Ray Sr Foundation's 2025 grants with a stated purpose (6 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are HG Ray Sr Foundation's largest grantees?
HG Ray Sr Foundation's largest 2025 grantees include Tunnel to Towers Foundation ($9,500), Community Bible Church ($5,500) and The Literacy & Learning Center ($1,000), according to its 2025 IRS Form 990-PF. Together they received 84% of its itemized 2025 grant dollars.
How large is HG Ray Sr Foundation?
HG Ray Sr Foundation reported $158K in total assets on its 2025 IRS Form 990-PF. It paid out $19K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 30, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 24, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
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