//
Also known as: C/O MARY GRAY
Gray Collection Trust is a private trust based in CHICAGO, IL. The foundation received its IRS ruling in 2009. The principal officer is % Richard Gray. It holds total assets of $559K. Annual income is reported at $8.9M. THE PRIMARY PURPOSES OF THE TRUST ARE TO RECEIVE WORKS OF ART AND TO PERFORM CURATORIAL SERVICES WITH RESPECT TO THE ART DONATED TO THE TRUST, INCLUDING APPROPRIATE CATALOGING AND RESEARCH. According to available records, Gray Collection Trust has made 7 grants totaling $18M, with a median grant of $1.2M. Annual giving has grown from $3.1M in 2020 to $13.5M in 2023. Individual grants have ranged from $20K to $6.8M, with an average award of $2.6M. The foundation has supported 6 unique organizations. The foundation primarily supports organizations in Illinois, California, New York, which account for 86% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
THE PRIMARY PURPOSES OF THE TRUST ARE TO RECEIVE WORKS OF ART AND TO PERFORM CURATORIAL SERVICES WITH RESPECT TO THE ART DONATED TO THE TRUST, INCLUDING APPROPRIATE CATALOGING AND RESEARCH.
Expenses: $17K
TO LEND AND MAKE AVAILABLE SUCH WORKS OF ART FOR DISPLAY TO THE PUBLIC AND FOR SUITABLE SCHOLARLY STUDIES AND TO DISTRIBUTE SUCH WORKS OF ART TO APPROPRIATE CHARITABLE ORGANIZATIONS.
THE PRIMARY PURPOSES OF THE TRUST ARE TO RECEIVE WORKS OF ART AND TO PERFORM CURATORIAL SERVICES WITH RESPECT TO THE ART DONATED TO THE TRUST, INCLUDING APPROPRIATE CATALOGING AND RESEARCH. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in IL, CA, NY.
Gray Collection Trust has distributed a total of $18M across 7 grants. The median grant size is $1.2M, with an average of $2.6M. Individual grants have ranged from $20K to $6.8M.
Gray Collection Trust typically selects its grantees rather than accepting unsolicited proposals.
Gray Collection Trust is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Paul Gray | TRUSTEE | $0 | $0 | $0 |
| Mary Gray | TRUSTEE | $0 | $0 | $0 |
Total Giving
$6.8M
Total Assets
$568K
Fair Market Value
$2.9M
Net Worth
$568K
Grants Paid
$6.8M
Contributions
$9K
Net Investment Income
$5.6M
Distribution Amount
$0
Total: $61K
Total Grants
7
Total Giving
$18M
Average Grant
$2.6M
Median Grant
$1.2M
Unique Recipients
6
Most Common Grant
$6.8M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Chicago Community FoundationA COMMITMENT TO DIVERSITY, EQUITY & INCLUSION AND ACTIONS TO STRENGTHEN THE COMMUNITIES WE SERVE TO CLOSE RACIAL & ETHNIC WEALTH GAP IN THE CHICAGO REGION. | Chicago, IL | $6.8M | 2023 |
| Berkeley Art Museum And Pacific Film ArchiveGENERAL UNRESTRICTED | Berkeley, CA | $1.2M | 2021 |
| The Morgan Library And MuseumGENERAL UNRESTRICTED | New York, NY | $120K | 2021 |
| Museum Of Contemporary Art ChicagoGENERAL UNRESTRICTED | Chicago, IL | $2.8M | 2020 |
| University Of Chicago (The David And Alfred Smart Museum Of Art)GENERAL UNRESTRICTED |
DALLAS, TX
FALLS CHURCH, VA
HAVERFORD, PA
CARMEL, NY
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| Chicago, IL |
| $315K |
| 2020 |
| Oberlin College & ConservatoryGENERAL UNRESTRICTED | Oberlin, OH | $20K | 2020 |
© 2026 Granted AI