Matilda Gedding Gray Foundation
- Assets
- $36.4m
- Revenue
- $3.3m
- Investments
- $31.7m
- Employees
- 0
- Location
- Lake Charles, LA
- Founding
- 03/1971
- Data as of
- 12/2021
- EIN
- 23-7072892
Organization Overview
Matilda Gedding Gray Foundation is located in Lake Charles, LA. The organization was established in 1971. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matilda Gedding Gray Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Matilda Gedding Gray Foundation generated $3.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Matilda Gedding Gray Foundation has awarded 18 individual grants totaling $287,798. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
DISPLAY OF FOUNDATION'S HISTORIC ART AND JEWEL COLLECTION IN MUSEUMS AND OTHER PUBLIC PLACES TO PROMOTE THE STUDY OF ART HISTORY; PROMOTE AND ASSIST IN AGRICULTURAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce N Kirkpatrick Trustee - Secretary/treasu | 0 | $0 | |
Harold H Stream III Trustee - President | 0 | $0 | |
William Gray Stream Trustee - Vice President | 0 | $0 | |
Matilda Gray Stream Trustee - Chairman Of The | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,656,513 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,087,242 |
| Capital Gain Net Income | $411,072 |
| Net ST Capital Gain | $29,101 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,408,465 |
| Total Revenue | $3,335,290 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,743,176 |
| Taxes | $29,199 |
| Depreciation | $1,686 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $206,481 |
| Total operating and administrative expenses | $2,000,642 |
| Contributions, gifts, grants paid | $153,068 |
| Total expenses and disbursements | $2,153,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $935,351 |
| Savings and temporary cash investments | $1,502,307 |
| Net Accounts receivable | $453,764 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $575,305 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,857,184 |
| Net Land, buildings, and equipment | $52,029 |
| Other assets | $1,202,111 |
| Total assets | $36,430,651 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $30,444,055 |
| Other liabilities | $0 |
| Total liabilities | $30,444,055 |
Grants Awarded
Over the last fiscal year, Matilda Gedding Gray Foundation has awarded $152,818 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Baton Rouge, LA PURPOSE: GENERAL CONTRIBUTION | $60,000 |
MIRACLE FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $25,000 |
MCNEESE FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $23,500 |
BISHOP NOLAND EPISCOPAL DAY SCHOOL PURPOSE: GENERAL CONTRIBUTION | $15,000 |
SWLA ALLIANCE FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $10,000 |
THE SOWELA FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $9,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |
Mays Family Foundation San Antonio, TX | $0 | $19,028,281 |
Robert J Kleberg Jr And Helen C Kleberg Foundation San Antonio, TX | $227,820,176 | $32,756,087 |