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Illinois · Nonprofit

GRAY COLLECTION TRUST

GRAY COLLECTION TRUST (Illinois) receives grants from 1 organization whose IRS filings report $799,352 to it, the largest being RICHARD AND MARY L GRAY FOUNDATION ($799,352). 0 of them have funded it in more than one year.

Revenue FY2025
$31k
Funders on record
1
Grants received
$799k
Net assets
$113k
0/1 repeat funders
01What it does

What Gray Collection Trust does

Programs

  1. 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.

    $7,265 spent
  2. 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.

    $0 spent

The 2 programs described on its FY2025 Form 990-PF.

02The organization over time

The organization over time

Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20192019 Revenue 100 ($101k) Expenses 100 ($22M) Net assets 100 ($1.1M)2020 Revenue 55 ($55k) Expenses 15 ($3.2M) Net assets 76 ($856k)2021 Revenue -80 ($-80690) Expenses 6 ($1.3M) Net assets 52 ($589k)2022 Revenue 6726 ($6.8M) Expenses 0 ($23k) Net assets 759 ($8.6M)2023 Revenue -1233 ($-1240069) Expenses 31 ($6.8M) Net assets 50 ($568k)2024 Revenue 4366 ($4.4M) Expenses 24 ($5.2M) Net assets 49 ($559k)2025 Revenue 31 ($31k) Expenses 9 ($1.9M) Net assets 10 ($113k)
2019202020212022202320242025
Revenue (31)Expenses (9)Net assets (10)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $8.6M to $568k (−93%).

$1.1M
$856k
$589k
$8.6M
$568k
$559k
$113k
2019202020212022202320242025
Total assetsTotal liabilities

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

2019202020212022202320242025
Listed2222222
Joined·······
No longer listed·······
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'17
total
funders
1

From the IRS filings of GRAY COLLECTION TRUST’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of GRAY COLLECTION TRUST's grant income comes from Illinois funders.

IL

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

GRAY COLLECTION TRUST's revenue fell 69% between 2019 and 2025.

Months of reserve0.0mo · bottom quartile
Revenue growth (annualized)−18% · below the median

this organization peer median middle 50% of peers· 4,748 philanthropy nonprofits under $100k, FY2025

Organizations like GRAY COLLECTION TRUST

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Illinois

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Screen this organization

A dated, signed PDF of the compliance screen for GRAY COLLECTION TRUST: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds GRAY COLLECTION TRUST?
GRAY COLLECTION TRUST (Illinois) receives grants from 1 organization whose IRS filings report $799,352 to it, the largest being RICHARD AND MARY L GRAY FOUNDATION ($799,352). 0 of them have funded it in more than one year.
How many funders does GRAY COLLECTION TRUST have?
IRS filings report 1 organization giving $799,352 in grants to GRAY COLLECTION TRUST.
Who is the largest funder of GRAY COLLECTION TRUST?
RICHARD AND MARY L GRAY FOUNDATION is the largest funder on record, with $799,352 in grants. The full list of funders is on this page.
How can an organization like GRAY COLLECTION TRUST find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2019–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing