Georgia · Nonprofit
GRAY MATTERS CAPITAL INC
GRAY MATTERS CAPITAL INC (Georgia) receives grants from 2 organizations whose IRS filings report $427,706 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($417,706). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $705k
- Funders on record
- 2
- Grants received
- $428k
- Net assets
- $44M
What Gray Matters Capital Inc does
Programs
The education fund/asia & africa: various investments and operations with social enterprises focused on bringing and improving education access and quality to the bottom of the pyramid in india and exploring replication successful education investments in other countries.
$748,826 spentGmc colabs: an early stage investment portfolio seeking to invest in bold, innovative, and widely scalable social enterprises that have the potential to dramatically improve the lives of women and girls around the world.
$211,441 spentGmc fund: a portfolio of pri investments aimed at companies that use market-based solutions to address social and economic problems in low-income communities.
$98,672 spentThe education fund/latam: various investments and operations with social enterprises focused on bringing and improving education access and quality to the bottom of the pyramid in latin america.
$72,279 spent
The 4 programs described on its FY2023 Form 990-PF.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $63M to $45M (−28%).
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.
Who funds it, year by year
2017 → 2021: the base held at 1 funder, grant income rose $27k → $183k.
2 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $21M from one payer (the payer's own filing calls it a related party, largest Gray Matters Charitable Foundation Inc). These are real filings, and they are not money GRAY MATTERS CAPITAL INC raised.
From the IRS filings of GRAY MATTERS CAPITAL INC’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.
How concentrated its funding is
GRAY MATTERS CAPITAL INC leans on a few funders — its largest provides 98% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund GRAY MATTERS CAPITAL INC.
Largest funder’s share by year: 2017 100% · 2019 83% · 2020 100% · 2021 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. 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 MATTERS CAPITAL INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.
Funder states come from each funder’s own filing. $428k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. 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.
Against its field
GRAY MATTERS CAPITAL INC holds deeper cash reserves than three-quarters of the 4,524 international nonprofits its size.
this organization peer median middle 50% of peers· 4,524 international nonprofits $100k–$1M, FY2024
Organizations like GRAY MATTERS CAPITAL INC
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 Georgia
Nationally
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 MATTERS CAPITAL INC: 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.
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 MATTERS CAPITAL INC?
- GRAY MATTERS CAPITAL INC (Georgia) receives grants from 2 organizations whose IRS filings report $427,706 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($417,706). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does GRAY MATTERS CAPITAL INC have?
- IRS filings report 2 organizations giving $427,706 in grants to GRAY MATTERS CAPITAL INC, 1 of which have funded it in more than one year.
- Who is the largest funder of GRAY MATTERS CAPITAL INC?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $417,706 in grants. The full list of funders is on this page.
- How can an organization like GRAY MATTERS CAPITAL INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Georgia. 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 FY2024 (financials across 2018–2024), and the filings of 2 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