Matilda Gedding Gray Foundation
- Assets
- $39.7m
- Revenue
- $3.1m
- Investments
- $34.5m
- Employees
- 0
- Location
- Lake Charles, LA
- Founding
- 03/1971
- Data as of
- 12/2023
- EIN
- 23-7072892
Organization Overview
Matilda Gedding Gray Foundation is located in Lake Charles, LA. The organization was established in 1971. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matilda Gedding Gray Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Matilda Gedding Gray Foundation generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 37.6% each year . All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 7.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Matilda Gedding Gray Foundation has awarded 30 individual grants totaling $487,136. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISPLAY OF FOUNDATION'S HISTORIC ART AND JEWEL COLLECTION IN MUSEUMS AND OTHER PUBLIC PLACES TO PROMOTE THE STUDY OF ART HISTORY; PROMOTE AND ASSIST IN AGRICULTURAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold H Stream III Trustee- President / Chariman Of Board | 0 | $0 | |
William Gray Stream Trustee - Vice President | 0 | $0 | |
Bruce N Kirkpatrick Trustee - Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,292,679 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,874 |
| Capital Gain Net Income | $26,172 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$279,928 |
| Total Revenue | $3,051,625 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,041,095 |
| Taxes | $35,813 |
| Depreciation | $491 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $247,739 |
| Total operating and administrative expenses | $3,363,638 |
| Contributions, gifts, grants paid | $122,420 |
| Total expenses and disbursements | $3,486,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $845,187 |
| Savings and temporary cash investments | $2,272,995 |
| Net Accounts receivable | $276 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $787,729 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,379,442 |
| Net Land, buildings, and equipment | $50,765 |
| Other assets | $1,243,558 |
| Total assets | $39,662,150 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $32,038,418 |
| Other liabilities | $550,353 |
| Total liabilities | $32,588,771 |
Grants Awarded
Over the last fiscal year, Matilda Gedding Gray Foundation has awarded $122,420 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BISHOP NOLAND EPISCOPAL DAY SCHOOL PURPOSE: GENERAL CONTRIBUTION | $100,000 |
CALCASIEU PARISH JR LIVESTOCK SHOW PURPOSE: GENERAL CONTRIBUTION | $3,920 |
MCNEESE FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $3,500 |
BRIDGE HOUSE PURPOSE: GENERAL CONTRIBUTION | $5,000 |
THE SOWELA FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $10,000 |