The Charles L Gray Charitable Foundation
The Charles L Gray Charitable Foundation is a private foundation, based in Owensboro, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $135K in total assets. In 2024, it awarded 1 grant totaling $12K.
The Charles L Gray Charitable Foundation at a glance
In short: The Charles L Gray Charitable Foundation gave $12K across 1 grant in 2024 (avg $12K), mostly in Virginia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $12,000
- +1100.0% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $12,000
- +2300.0% vs 2023
- Median grant
- $12,000
- Total assets
- $134,529
- -8.2% vs 2023
- Primary geography
- Virginia (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Charles L Gray Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was ICM ($12K).
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 8 grants of 9 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How The Charles L Gray Charitable Foundation gives
- Giving fell 88% from 2021 to 2024. Method
- In 2024 it paid out 177% 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 2024, annual grant giving ranged from $1K (2023) to $100K (2021). In 2024 it made 1 grant totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| ICM Newport News, VA | Church MinistryBuild Churhes around the world | $12,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|
| 2024 | $134,529 | $12,000 | $12,000 | 1 | $12,000 | $6,798 |
| 2023 | $146,529 | $3,800 | $1,000 | 2 | $1,000 | $7,376 |
| 2022 | $150,329 | $4,661 | $2,000 | 2 | $2,000 | $7,564 |
| 2021 | $154,990 | $101,561 | $100,000 | 1 | $100,000 | $11,606 |
| 2020 | $256,551 | $32,261 | $31,000 | 3 | — | $13,292 |
Under IRS private-foundation payout rules, The Charles L Gray Charitable Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Charles L Gray Charitable Foundation is led by Michael Farley, President since 2023 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael Farley
President
Director → President, 2023
On filings since 2020
0.1 hrs/week
No compensation reported
Kathryn A Gray
Chairman
Secretary → Chairman, 2023
On filings since 2020
0.2 hrs/week
No compensation reported
Sarah Farley
Treasurer
Director → Treasurer, 2023
On filings since 2020
0.1 hrs/week
No compensation reported
Former officers (1)
- Former: Charles L Gray (2020–2022) — President
Data from IRS Form 990 filings, 2020–2024. "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 The Charles L Gray Charitable Foundation
How much does The Charles L Gray Charitable Foundation give each year?
The Charles L Gray Charitable Foundation gave $12K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1K across 2 grants.
How large is The Charles L Gray Charitable Foundation?
The Charles L Gray Charitable Foundation reported $135K in total assets on its 2024 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).
Where does The Charles L Gray Charitable Foundation operate?
The Charles L Gray Charitable Foundation has awarded grants in Florida, Kentucky, Virginia.
What is The Charles L Gray Charitable Foundation's EIN?
The Charles L Gray Charitable Foundation's EIN (Employer Identification Number) is 74-3176505. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
Live grants for the work The Charles L Gray Charitable Foundation funds
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