Gray Charitable Tr 10201998
- Assets
- $22.3m
- Revenue
- $3.6m
- Investments
- $22.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 23-7987964
Organization Overview
Gray Charitable Tr 10201998 is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gray Charitable Tr 10201998 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 12/2022, Gray Charitable Tr 10201998 generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gray Charitable Tr 10201998 has awarded 265 individual grants totaling $10,308,700. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth B Gray Jr Executive Trustee | 5 | $0 | |
Doreen H Gray Trustee | 5 | $0 | |
Kimberley H Gray Trustee | 5 | $0 | |
Meridith L Gray Trustee | 5 | $0 | |
Samuel M Gawthrop Jr Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $471,025 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,620,845 |
| Capital Gain Net Income | $1,620,845 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,477,951 |
| Total Revenue | $3,569,821 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,938 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $840,707 |
| Total operating and administrative expenses | $1,005,682 |
| Contributions, gifts, grants paid | $793,000 |
| Total expenses and disbursements | $1,798,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,266 |
| Savings and temporary cash investments | $65,813 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,789,879 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,309,405 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gray Charitable Tr 10201998 has awarded $1,295,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTHEATRE PURPOSE: GENERAL OPERATING | $7,000 |
THE METROPOLITAN OPERA PURPOSE: GENERAL OPERATIONS | $10,000 |
LENOX HILL NEIGHBORHOOD HOUSE PURPOSE: CENTER AT LENOX HILL | $5,000 |
ACADEMY OF VOCAL ARTS PURPOSE: GENERAL OPERATIONS | $25,000 |
CCSA FOUNDATION PURPOSE: CCSA MATH INITIATIVE | $50,000 |
JEFFERSON FOUNDATION THOMAS PURPOSE: THE HONICKMAN CENTER | $25,000 |