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.
Key facts about The Charles L Gray Charitable Foundation
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.
- EIN
- 74-3176505
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $12,000
- Grants made (2024)
- 1
- Average grant
- $12,000
- Median grant
- $12,000
- Total assets
- $134,529
- Primary geography
- Virginia (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$135K
-8.2% YoY
Annual Giving
$12K
+1100.0% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$12K
+2300.0% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
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.
Grant Insights
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%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| ICM Newport News, VA | Church MinistryBuild Churhes around the world | $12,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $134,529 | $146,529 | $150,329 |
| Expenses | $12,000 | $3,800 | $4,661 |
| Qualifying Distributions | $12,000 | $1,000 | $2,000 |
| Distributable Amount | $6,798 | $7,376 | $7,564 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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.
Here's the math on researching The Charles L Gray Charitable Foundation by hand.
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