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GRAY CHARITABLE TRUST

NEW YORK, NY · EIN 237987964 · Form 990PF · FY2024 · NTEE T22 · Philanthropy & Grantmaking · Medium ($1M-$10M)
revenue
$4.0M
expenses
$1.9M
net assets
$25.1M
employees
profile · synthesized from sources

Private foundation based in New York that makes grants to nonprofit organizations across health, education, arts, and social services. The trust funds initiatives including medical research, rehabilitation services, youth programs, and cultural institutions, primarily in Pennsylvania and California. Founded in an unspecified year.

named programs · 6 · from sources

What they call their work

Arts and Culture Support
Provides general operating support to major arts institutions including The Metropolitan Opera and Philadelphia Orchestra
Disability and Rehabilitation Services
Funds art therapy and rehabilitation services at Magee Rehabilitation Hospital
Eye Health and Vision Research
Funds eye banks and optical research, including Altru Vision – A Lions Eye Bank
Healthcare Innovation Grants
Supports healthcare innovation initiatives, including at the University of Pennsylvania
Rise Program
Supports youth development at the UC Riverside Foundation
Youth Education and Opportunity
Supports educational initiatives including A Better Chance in Lower Merion and CCSA Math Initiative
activities · 7 groups

What they do

  • General Operating Support Grants 4 activities
    • Funding general operations of A Better Chance in Lower Merion
      Funds A Better Chance in Lower Merion for general operating support.
    • Funding general operations of Horizons of Kent & Queen Anne's
      Funds Horizons of Kent & Queen Anne's for general operating support.
    • Funding general operations of The Metropolitan Opera
      Funds The Metropolitan Opera for general operating support.
    • Funding general operations of the Philadelphia Orchestra Association
      Funds the Philadelphia Orchestra Association for general operating support.
  • University-Specific Endowment and Program Funding 1 activity
    • Funding The RISE Program at UC Riverside
      Funds the UC Riverside Foundation in support of The RISE Program.
  • Mental Health Research and Services Funding 1 activity
    • Funding art therapy services at Magee Rehabilitation Hospital
      Funds Magee Rehabilitation Hospital to support a full-time art therapist.
  • Vision Research Funding 1 activity
    • Funding optical coherence initiatives via Altru Vision – A Lions Eye Bank
      Funds Altru Vision – A Lions Eye Bank to advance optical coherence initiatives.
  • Animal Welfare Fundraising through Retail and Sales 1 activity
    • Funding service dog training at Canine Partners for Life
      Funds Canine Partners for Life for the training of one service dog team.
  • Private K–12 School Support 1 activity
    • Funding the CCSA Math Initiative
      Funds the CCSA Foundation to support the CCSA Math Initiative.
  • Uncategorized 3 activities
    • Funding Wills Eye Hospital through the Commonwealth of PA DHS
      Funds the Commonwealth of PA Department of Human Services for the benefit of Wills Eye Hospital.
    • Funding general operations of Shorers
      Funds Shorers for general operating support.
    • Funding healthcare innovation at the University of Pennsylvania
      Funds the Trustees of the University of Pennsylvania to support initiatives in healthcare innovation.
financials · form 990PF · fy2024
revenue
Total revenue$4.01M
Contributions & grants
Program service revenue
Investment income$2.02M50%
Other revenue$2.00M
expenses
Total expenses$1.88M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits
Grants paid out$703K
balance sheet
Total assets$25.06M
Cash
Investments
Liabilities
Net assets$25.06M
5 years on record · 2020–2024 · YoY revenue +39.0%
leadership · form 990 part vii · fy2024

Who runs it

board members · 5
  • DOREEN H GRAY — TRUSTEE
  • KENNETH B GRAY JR — EXECUTIVE TRUSTEE
  • KIMBERLEY H GRAY — TRUSTEE
  • MERIDITH L GRAY — TRUSTEE
  • SAMUEL M GAWTHROP JR — TRUSTEE
relationships · 12

Who they work with

  • A BETTER CHANCE IN LOWER MERION Partner — Recipient of a $15,000 grant for general operations.
  • ALTRU VISION - A LIONS EYE BANK Partner — Recipient of a $55,000 grant for optical coherence initiatives.
  • CANINE PARTNERS FOR LIFE Partner — Recipient of a $16,000 grant for the training of one service dog team.
  • CCSA FOUNDATION Partner — Recipient of a $50,000 grant for the CCSA Math Initiative.
  • COMMONWEALTH OF PA DHS Partner — Recipient of a $150,000 grant for the benefit of Wills Eye Hospital.
  • HORIZONS OF KENT & QUEEN ANNE'S Partner — Recipient of a $25,000 grant for general operations.
  • MAGEE REHABILITATION HOSPITAL Partner — Recipient of a $50,000 grant to support a full-time art therapist.
  • PHILADELPHIA ORCHESTRA ASSOCIATION Partner — Recipient of a $25,000 grant for general operations.
  • SHORERIVERS Partner — Recipient of a $10,000 grant for general operations.
  • THE METROPOLITAN OPERA Partner — Recipient of a $10,000 grant for general operations.
  • TRUSTEES OF UNIVERSITY OF PENNSYLVANIA Partner — Recipient of a $200,000 grant for healthcare innovation.
  • UC RIVERSIDE FOUNDATION Partner — Recipient of a $52,000 grant for The RISE Program.