Gray Reed Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO PROMOTE COMMUNITY INVOLVEMENT AND PHILANTHROPY BY SUPPORTING CHARITABLE ORGANIZATIONS WHERE THE GRAY REED TEAM INVESTS THEIR OWN MONEY AND TIME.
- Income
- $33,075
- Spending
- $21,197
- Reserves
- Over 10 years of spending
- Largest source of income
- donations and private grants, 55%
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $19,512 spent. THE GRAY REED FOUNDATION FOSTERS PHILANTHROPY AND COMMUNITY ENGAGEMENT BY SUPPORTING IRS-RECOGNIZED 501(C)(3) CHARITABLE ORGANIZATIONS THROUGH A MATCHING CONTRIBUTION PROGRAM. EACH ATTORNEY OR STAFF MEMBER MAY REQUEST UP TO $2,000 ANNUALLY IN MATCHING GIFTS, SUBJECT TO REVIEW AND APPROVAL BY THE FOUNDATION'S DIRECTORS VIA A MATCH REQUEST FORM. INELIGIBLE ORGANIZATIONS INCLUDE POLITICAL ENTITIES, RELIGIOUS ORGANIZATIONS (UNLESS MEETING SPECIFIC SECULAR ACCESS CRITERIA), EDUCATIONAL INSTITUTIONS WITHOUT SCHOLARSHIPS/ENDOWMENTS, DONOR-ADVISED FUNDS, PRIVATE FOUNDATIONS, AND ORGANIZATIONS VIOLATING GRAY REED'S NON-DISCRIMINATION POLICY OR US ANTI-TERRORISM LAWS. THE FOUNDATION ALSO ACCEPTS TAX-DEDUCTIBLE GIFTS FROM EMPLOYEES, PARTNERS, CLIENTS, AND OTHER DONORS, WITH MAJOR GIFTS REQUIRING PRIOR APPROVAL.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2021.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.