Richard and Mary L Gray Foundation
Richard and Mary L Gray Foundation is a private foundation, based in CHICAGO, IL. IRS filing data is available for 2020. In 2020, it awarded 43 grants totaling $8.0M. Net investment income was $1.5M.
Key facts about Richard and Mary L Gray Foundation
- EIN
- 36-3485580
- Latest 990 filing
- Form 990-PF, 2020
- Annual giving (2020)
- $8,045,319
- Grants made (2020)
- 43
- Average grant
- $187,100
- Median grant
- $5,000
- Primary geography
- Illinois (98% of itemized 2020 grant dollars)
Data from IRS Form 990-PF, 2020; updated April 2026.
Who Richard and Mary L Gray Foundation funds
By grant dollars, the top recipient states for Richard and Mary L Gray Foundation's 43 itemized 2020 grants were Illinois (98%). The most frequent recipient cities were Chicago, IL (30 grants), New York, NY (5 grants) and South Haven, MI (2 grants). 100% of grants with a stated purpose were for general or operating support.
Financial Overview
From 2020 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$8.0M
Grant Count
43
Avg Grant Size
$187K
Under IRS private-foundation payout rules, Richard and Mary L Gray Foundation reported a distributable amount of $181K for 2020 — the minimum it must pay out in qualifying distributions.
About Richard and Mary L Gray Foundation
Based on IRS filings
Richard and Mary L Gray Foundation is a private foundation, based in CHICAGO, IL. IRS filing data is available for 2020. In 2020, it awarded 43 grants totaling $8.0M. Net investment income was $1.5M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 43 itemized 2020 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2020 |
|---|---|
| Total Assets | — |
| Revenue | $1,641,767 |
| Expenses | $8,165,882 |
| Qualifying Distributions | — |
| Net Investment Income | $1,521,064 |
| Distributable Amount | $180,937 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2020
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2020 grants, the largest recipients include The Chicago Community Foundation ($6,370,664), Chicago Symphony Orchestra ($1,197,655), Pierpont Morgan Library ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE CHICAGO COMMUNITY FOUNDATION CHICAGO, IL | GENERAL UNRESTRICTED | $6,370,664 |
| CHICAGO SYMPHONY ORCHESTRA CHICAGO, IL | GENERAL UNRESTRICTED | $1,197,655 |
| PIERPONT MORGAN LIBRARY NEW YORK, NY | GENERAL UNRESTRICTED | $100,000 |
| ACCESS LIVING OF METROPOLITAN CHICAGO CHICAGO, IL | GENERAL UNRESTRICTED | $40,000 |
| ART INSTITUTE OF CHICAGO CHICAGO, IL | GENERAL UNRESTRICTED | $40,000 |
| CHICAGO HUMANITIES FESTIVAL CHICAGO, IL | GENERAL UNRESTRICTED | $25,000 |
| NEWBERRY LIBRARY CHICAGO, IL | GENERAL UNRESTRICTED | $25,000 |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA DAVIS, CA | GENERAL UNRESTRICTED | $25,000 |
| UNIVERSITY OF CHICAGO CHICAGO, IL | GENERAL UNRESTRICTED | $25,000 |
| WINDOW TO THE WORLD COMMUNICATIONS CHICAGO, IL | GENERAL UNRESTRICTED | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2020 IRS filing
From 2020 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL GRAY | PRESIDENT | 1 | — |
| MARY GRAY | VICE-PRES. | 0.5 | — |
| HARRY GRAY | DIRECTOR | 0.5 | — |
| JENNIFER GRAY | DIRECTOR | 0.5 | — |
Frequently Asked Questions
Where does Richard and Mary L Gray Foundation operate?
Richard and Mary L Gray Foundation has awarded grants in California, District of Columbia, Illinois, Maine, Michigan, New York, Ohio, Pennsylvania.
What size grants does Richard and Mary L Gray Foundation award?
In 2020, Richard and Mary L Gray Foundation awarded 43 grants totaling $8.0M — an average of about $187K per grant, based on its IRS Form 990 filings.
How much is Richard and Mary L Gray Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2020, Richard and Mary L Gray Foundation reported a distributable amount of $181K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Richard and Mary L Gray Foundation's EIN?
Richard and Mary L Gray Foundation's EIN (Employer Identification Number) is 36-3485580. IRS Form 990 filing data is available on this page for 2020.
Explore Open Grants
Browse active grant opportunities in Richard and Mary L Gray 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.