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GRAY FOUNDATION

ALBANY, NY · EIN 471408100 · Form 990PF · FY2025 · NTEE T22 · Philanthropy & Grantmaking · Very Large (>$50M)
revenue
$82.5M
expenses
$4.2M
net assets
$82.5M
employees
profile · synthesized from sources

The Gray Foundation is a private foundation based in New York that supports initiatives in medical research, higher education, and health sciences. It primarily funds academic and medical institutions, with a focus on cancer research, informatics, and scholarship programs. The foundation also supports programs aimed at educational access for underserved students.

named programs · 4 · from sources

What they call their work

Atlas Informatics Projects
Collaborative research initiatives in cancer informatics and data science at institutions including Harvard Medical School and Memorial Sloan Kettering.
BRCA/Dr. Degnim Research
Research program at Mayo Clinic focused on BRCA-related cancer risk and prevention strategies led by Dr. Degnim.
Drapkín Atlas Program
Cancer research initiative at the University of Pennsylvania focused on mapping tumor biology and advancing precision medicine.
Gray NYC Scholars Cohort
Scholarship and support program for students from underserved communities in New York City, administered through the United Negro College Fund.
activities · 5 groups

What they do

  • Hospital and Medical Center Support 1 activity
    • Funding community health programs at medical centers
      Supports school-based health programs and patient engagement initiatives at institutions like Montefiore Medical Center, aiming to improve access to care and health outcomes in underserved communities.
  • Unrestricted Institutional Support for Medical Schools 1 activity
    • Funding medical education and faculty programs
      Supports medical education and faculty development through grants to institutions such as the Faculty of Medical and Health Sciences at American Friends of Tel Aviv University and the CUNY School of Medicine Foundation, which administers scholarship funding.
  • Cancer Research Funding 1 activity
    • Funding research at academic and medical institutions
      Provides grants to support biomedical research projects at major universities and medical centers, including BRCA-related research, cancer informatics, microbiome studies, and data-driven health initiatives. Recipients include Harvard University, Yale University, Mayo Clinic, Memorial Sloan Kettering Cancer Center, and the University of Pennsylvania.
  • Financial Aid and Scholarship Access Programs 1 activity
    • Funding scholarship and student support programs
      Finances scholarship and cohort-based student support programs, including the Gray NYC Scholars Cohort program administered by the United Negro College Fund Inc., to increase access to higher education.
  • University-Specific Endowment and Program Funding 1 activity
    • Funding university-based project and general support initiatives
      Provides project-specific and general operating support to higher education institutions including Columbia University, MIT, and NYC Kids Rise Inc. to advance their educational and public service missions.
financials · form 990PF · fy2025
revenue
Total revenue$82.52M
Contributions & grants$59.43M72%
Program service revenue
Investment income$2.03M2%
Other revenue$20.97M
expenses
Total expenses$4.23M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$1.10M
Grants paid out$64.22M
balance sheet
Total assets$82.50M
Cash
Investments
Liabilities
Net assets$82.50M
6 years on record · 2020–2025 · YoY revenue +0.6%
leadership · form 990 part vii · fy2025

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
DANA ZUCKER CHIEF EXECUTIVE OFFICER 40 $691K
CHARISSA FERNANDEZ PRESIDENT 40 $515K
relationships · 12

Who they work with

  • AMERICAN FRIENDS OF TEL AVIV UNIVERSITY Partner — Funded for support of the Faculty of Medical and Health Sciences.
  • CUNY SCHOOL OF MEDICINE FOUNDATION Partner — Funded for scholarships.
  • HARVARD UNIVERSITY Partner — Funded for multiple research projects including Chen Atlas Informatics, Santagata Project, Sorger Project, and Brugge-Atlas Project.
  • MASSACHUSETTS INSTITUTE OF TECHNOLOGY Partner — Funded for project support.
  • MAYO CLINIC Partner — Funded for BRCA/Dr. Degnim research.
  • MEMORIAL SLOAN KETTERING CANCER CENTER Partner — Funded for Cycle for Survival, Blackstone 2025 CFS Campaign, Atlas/BioPortal Team, Lacubuzio-Donahue Project, and ENGAGE Scholarship.
  • MONTEFIORE MEDICAL CENTER Partner — Funded for school-based health programs.
  • NYC KIDS RISE INC Partner — Funded to further its exempt purposes.
  • THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK Partner — Funded for project support.
  • THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA Partner — Funded for project support, Drapkin Atlas Program, Basser Interception Center, and general operations.
  • UNITED NEGRO COLLEGE FUND INC Partner — Funded for the Gray NYC Scholars Cohort program.
  • YALE UNIVERSITY Partner — Funded for the BRCA Microbiome Project.