Gray Foundation
- Assets
- $1.1m
- Revenue
- $123.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/1948
- Data as of
- 08/2022
- EIN
- 74-6040504
Organization Overview
Gray Foundation is located in Houston, TX. The organization was established in 1948. 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. 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 08/2022, Gray Foundation generated $123.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $82.6k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gray Foundation has awarded 256 individual grants totaling $959,000. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $81,706 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,276 |
| Capital Gain Net Income | $48,427 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $122,989 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,278 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $360 |
| Total operating and administrative expenses | $10,638 |
| Contributions, gifts, grants paid | $72,000 |
| Total expenses and disbursements | $82,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,003 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,103,595 |
| 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 | $1,176 |
| Total liabilities | $1,176 |
Grants Awarded
Over the last fiscal year, Gray Foundation has awarded $72,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST UMC HOUMA LA PURPOSE: GENERAL FD/PASTORS' DISCRETION | $10,000 |
LOUISIANA METHODIST CHILDRENS HOME PURPOSE: OPERATIONS | $5,000 |
Houma, LA PURPOSE: OPERATIONS | $5,000 |
BUNK HOUSE INN INC PURPOSE: OPERATIONS | $3,000 |
NATL JEWISH HOSPITAL PURPOSE: OPERATIONS | $3,000 |
MACDONELL CHILDREN'S SERVICES PURPOSE: OPERATIONS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
Hamon Charitable Foundation Dallas, TX | $77,984,763 | $10,364,017 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Biogen Foundation Inc Dallas, TX | $25,561,498 | $3,880,862 |
The Margaret And Al Hill Family Foundation Dallas, TX | $0 | $526,228 |