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.
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
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 include The Chicago Community Foundation ($6,370,664), Chicago Symphony Orchestra ($1,197,655), Pierpont Morgan Library ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACCESS LIVING OF METROPOLITAN CHICAGO CHICAGO, IL | GENERAL UNRESTRICTED | $40,000 |
| ART INSTITUTE OF CHICAGO CHICAGO, IL | GENERAL UNRESTRICTED | $40,000 |
| BRYN MAWR COLLEGE BRYN MAWR, PA | GENERAL UNRESTRICTED | $15,000 |
| CHICAGO HIGH SCHOOL FOR THE ARTS CHICAGO, IL | GENERAL UNRESTRICTED | $2,500 |
| CHICAGO HISTORY MUSEUM CHICAGO, IL | GENERAL UNRESTRICTED | $2,500 |
| CHICAGO HUMANITIES FESTIVAL CHICAGO, IL | GENERAL UNRESTRICTED | $25,000 |
| CHICAGO PUBLIC LIBRARY FOUNDATION CHICAGO, IL | GENERAL UNRESTRICTED | $1,000 |
| CHICAGO PUBLIC MEDIA (WBEZ) CHICAGO, IL | GENERAL UNRESTRICTED | $5,000 |
| CHICAGO SHAKESPEARE THEATER CHICAGO, IL | GENERAL UNRESTRICTED | $7,500 |
| CHICAGO SYMPHONY ORCHESTRA CHICAGO, IL | GENERAL UNRESTRICTED | $1,197,655 |
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.