Nick H Gray Scholarship Trust
Nick H Gray Scholarship Trust is a private foundation, based in Littleton, CO. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $16.0M in total assets. In 2025, it awarded 1 grant totaling $780K. Net investment income was $940K.
Nick H Gray Scholarship Trust at a glance
In short: Nick H Gray Scholarship Trust gave $780K across 1 grant in 2025 (avg $780K), mostly in Colorado. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $780,064
- +1.9% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $780,064
- +1.9% vs 2024
- Median grant
- $780,064
- Total assets
- $15,983,996
- +1.0% vs 2024
- Primary geography
- Colorado (100% 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 Nick H Gray Scholarship Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Montrose Community Foundation ($780K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Nick H Gray Scholarship Trust gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 94% 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 2021 to 2025, annual grant giving ranged from $54K (2021) to $900K (2023). In 2025 it made 1 grant totaling $780K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Montrose Community Foundation Montrose, CO | Scholarship Program | $780,064 |
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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 | $15,983,996 | $1,009,363 | $850,329 | $780,064 | 1 | $780,741 | $939,775 | $829,332 |
| 2024 | $15,824,962 | $800,836 | $839,676 | $765,746 | 1 | $767,525 | $705,383 | $802,875 |
| 2023 | $15,863,802 | $301,082 | $999,011 | $900,000 | 1 | $918,225 | $530,666 | $783,971 |
| 2022 | $16,561,731 | $-511,045 | $891,035 | $778,553 | 1 | $780,985 | $288,806 | $881,390 |
| 2021 | $17,963,811 | $14,591,993 | $161,492 | $53,711 | 1 | — | $586,584 | $794,955 |
Under IRS private-foundation payout rules, Nick H Gray Scholarship Trust reported a distributable amount of $829K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Nick H Gray Scholarship Trust's 2025 filing lists 3 officers; 2 of 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Lezlee Cox
Co-Trustee
On filings since 2021
1 hr/week
$300 (2022) → $300 (2025)
Nancie Rotherham
Co-Trustee
On filings since 2023
1 hr/week
$300 (2023) → $300 (2025)
Michael Gray
Co-Trustee
On filings since 2021
1 hr/week
No compensation reported
Former officers (2)
- Former: Marvin Huston Jr. (2021–2023) — Co-Trustee
- Former: Thomas Drake (2021–2022) — Former Co-Trustee
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $300, to Lezlee Cox (Co-Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Nick H Gray Scholarship Trust
How much does Nick H Gray Scholarship Trust give each year?
Nick H Gray Scholarship Trust gave $780K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $766K across 1 grant.
How large is Nick H Gray Scholarship Trust?
Nick H Gray Scholarship Trust reported $16.0M in total assets on its 2025 IRS Form 990-PF. It paid out $781K in qualifying distributions that year, against a required minimum of $829K (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 Nick H Gray Scholarship Trust operate?
Nick H Gray Scholarship Trust has awarded grants in Colorado.
What is Nick H Gray Scholarship Trust's EIN?
Nick H Gray Scholarship Trust's EIN (Employer Identification Number) is 84-4840286. IRS Form 990 filing data is available on this page for 2021–2025.
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 2021–2025
Live grants for the work Nick H Gray Scholarship Trust 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 Nick H Gray Scholarship Trust's focus areas in our free grants database
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