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RICHARD AND MARY L GRAY FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
RICHARD AND MARY L GRAY FOUNDATION (EIN 36-3485580)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-11-13
IRS object ID
201843179349101874
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-11-13T16:01:52-06:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line120 N MARTINGALE RD STE 500AddressLine1Txt
CitySCHAUMBURGCityNm
State AbbreviationILStateAbbreviationCd
ZIP60173ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN363485580EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RICHARD AND MARY L GRAY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRICHBusinessNameControlTxt
Phone3126428877PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1875 N MICHIGAN AVE NO 3800AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP606111802ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPAUL GRAYPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3126428877PhoneNum
Signature2018-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPHYLLIS GANNONPreparerPersonNm
PTINP00916845PTIN
Phone8475177070PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address108.171.131.171IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-11-13IPDt
IP Tm15:47:18IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdFF883EEE5AEAF91983F632BD31D38355F1B3BECBAtSubmissionCreationDeviceId
At Submission Filing Device Id71BF509630D2251EA42B5F42FF806F91C17566DFAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$17,155,031FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$8InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$8InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$391,436DividendsRevAndExpnssAmt
Dividends Net Invst Incm$387,961DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$3,725,698NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$16,276,013GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$3,722,807CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss-$2,440OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm-$55,335OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$4,114,702TotalRevAndExpnssAmt
Total Net Invst Incm$4,055,441TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$1,596LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$1,188LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$408LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$15,735AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$15,735AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$86,597OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$86,597OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$0OtherProfFeesDsbrsChrtblAmt
Interest Rev And Expnss$13,714InterestRevAndExpnssAmt
Interest Net Invst Incm$12,946InterestNetInvstIncmAmt
Interest Dsbrs Chrtbl$0InterestDsbrsChrtblAmt
Taxes Rev And Expnss$31,324TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,324TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$670TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$0TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$670TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$27,158OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$23,056OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$31OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$176,794TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$140,846TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,109TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,437,622ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$638,270ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,614,416TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$140,846TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$639,379TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$2,500,286ExcessRevenueOverExpensesAmt
Net Investment Income$3,914,595NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$504,118SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,590,602SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,590,602SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$1,200,030USGovernmentObligationsBOYAmt
US Government Obligations EOY$0USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$0USGovtObligationsEOYFMVAmt
Corporate Stock BOY$9,846,511CorporateStockBOYAmt
Corporate Stock EOY$0CorporateStockEOYAmt
Corporate Stock EOYFMV$0CorporateStockEOYFMVAmt
Other Assets BOY$2,658,689OtherAssetsBOYAmt
Other Assets EOY$15,564,429OtherAssetsEOYAmt
Other Assets EOYFMV$15,564,429OtherAssetsEOYFMVAmt
Total Assets BOY$14,209,348TotalAssetsBOYAmt
Total Assets EOY$17,155,031TotalAssetsEOYAmt
Total Assets EOYFMV$17,155,031TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$14,209,348UnrestrictedBOYAmt
Unrestricted EOY$17,155,031UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$14,209,348TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$17,155,031TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$14,209,348TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$17,155,031TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$14,209,348TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$2,500,286ExcessRevenueOverExpensesAmt
Other Increases$473,823OtherIncreasesAmt
Subtotal$17,183,457SubtotalAmt
Other Decreases$28,426OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$17,155,031TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (39 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1,356 SHS CHARTER COMMUNICATIONSP2015-11-032017-12-12$443,415$279,435$163,980$163,980
1,700 SHS BLACKROCKP2015-09-112017-12-12$830,433$512,847$317,586$317,586
1,800 SHS TIFFANYP2001-09-172017-08-28$160,008$37,632$122,376$122,376
11,000 SHS WELLS FARGOP2011-07-132017-12-12$661,316$303,295$358,021$358,021
11,700 SHS ORACLEP2017-08-292017-12-12$589,049$577,770$11,279$11,279
7,300 SHS GAMING & LEISURE PROPERTIESP2011-01-042017-12-12$262,540$222,108$40,432$40,432
4,700 SHS GAMING & LEISURE PROPERTIESP2010-12-212017-12-12$168,992$122,981$46,011$46,011
12,100 SHS CARMAXP2016-05-232017-12-12$812,798$605,898$206,900$206,900
12,300 SHS BAXTER INTERNATIONALP2016-03-042017-12-12$789,651$486,667$302,984$302,984
13,600 SHS TRIBUNE MEDIAP2015-05-192017-05-16$543,719$687,947-$144,228-$144,228
14,600 SHS ARCONICP2017-10-272017-12-12$358,161$357,609$552$552
14,900 SHS GENERAL ELECTRICP2015-03-262017-12-12$279,302$380,452-$101,150-$101,150
2,600 SHS GOLDMAN SACHSP2016-02-112017-12-12$670,508$371,345$299,163$299,163
3,100 SHS TIFFANYP2015-10-062017-08-28$275,569$249,108$26,461$26,461
594 SHS JPMORGAN CHASEP2011-11-222017-12-12$63,669$17,549$46,120$46,120
2,739 SHS JPMORGAN CHASEP2011-10-072017-12-12$293,582$86,791$206,791$206,791
400,000 FHLB CC 1/17P2016-07-012017-12-12$393,690$400,006-$6,316-$6,316
400,000 FHLMC QC 4/17 MSTEPP2016-10-132017-12-12$394,590$400,008-$5,418-$5,418
400,000 FNMA QC 4/17P2016-10-202017-12-12$392,750$400,007-$7,257-$7,257
400,000 US TREASURY NOTEP2017-05-242017-12-12$397,067$400,749-$3,682-$3,682
5,100 SHS HOWARD HUGHESP2012-04-132017-12-12$653,043$410,568$242,475$242,475
500 SHS ALPHABET CL CP2016-07-082017-12-12$522,513$350,747$171,766$171,766
6,206 SHS INTELP2006-01-102017-12-12$269,093$131,800$137,293$137,293
6,300 SHS CATERPILLARP2015-10-062017-08-29$656,262$439,403$216,859$216,859
7,100 SHS AMERICAN INTL GROUPP2012-10-262017-12-12$426,128$247,043$179,085$179,085
7,100 SHS TRIBUNE MEDIAP2016-08-102017-05-16$283,853$267,787$16,066$16,066
7,300 SHS JONES LANG LASALLEP2016-08-242017-12-12$1,092,943$781,282$311,661$311,661
86,421.38 SHS OAKMARK INTERNATIONALP2014-05-152017-12-12$2,508,813$2,260,619$248,194$248,194
9,500 SHS GENERAL MOTORSP2013-04-082017-12-12$395,552$262,648$132,904$132,904
93,000 SHS CHESAPEAKE ENERGYP2017-03-142017-12-12$352,665$497,166-$144,501-$144,501
BAIN CAPITAL PARTNERS PRIVATE EQUITY LITIGATIONP2017-03-172017-03-17$197$197$197
BNY MELLON LITIGATIONP2017-07-032017-07-03$3,569$3,569$3,569
BNY MELLON LITIGATIONP2017-07-032017-07-03$617$617$617
RICHARD GRAY P'SHIP - LONG TERMP$297,348$297,348$297,348
RICHARD GRAY P'SHIP - LONG TERM (UBTI)P$1,048-$1,048-$1,048
RICHARD GRAY P'SHIP - SHORT TERMP$28,199$28,199$28,199
RICHARD GRAY P'SHIP - SHORT TERM (UBTI)P$3,939$2,891$1,048$1,048
SECURITIES LITIGATIONP2017-11-202017-11-20$25$25$25
CAPITAL GAINS DIVIDENDSP$445$445$445
FieldValueIRS element (for citing)
Capital Gain Net Income$3,722,807CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$507,589AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$15,037,841NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.033754DistributionYr1Rt
Adjusted Qlfy Distri Yr2$577,785AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$15,659,828NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.036896DistributionYr2Rt
Adjusted Qlfy Distri Yr3$513,207AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$15,907,864NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.032261DistributionYr3Rt
Adjusted Qlfy Distri Yr4$855,388AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$14,626,266NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.058483DistributionYr4Rt
Adjusted Qlfy Distri Yr5$793,941AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$13,523,094NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.058710DistributionYr5Rt
Total Distribution0.220104TotalDistributionRt
Average Distribution0.044021AverageDistributionRt
Net Vl Noncharitable Assets$29,631,177NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,304,394AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$39,146NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$1,343,540AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$639,379QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$78,292InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$78,292SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$78,292TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$47,101EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$80,000ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$127,101TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Overpayment$48,809OverpaymentAmt
Applied To ES Tax$0AppliedToESTaxAmt
Refund$48,809RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled EntityYes (1)OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksPAUL GRAYIndividualWithBooksNm
Phone3126428877PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1875 N MICHIGAN AVEAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP606111802ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc0TransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsYes (1)MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
PAUL GRAY
875 N MICHIGAN AVENUE SUITE 3800CHICAGOIL606111802PRESIDENT1.00$0$0$0
MARY GRAY
875 N MICHIGAN AVENUE SUITE 3800CHICAGOIL606111802VICE-PRES.0.50$0$0$0
RICHARD GRAY
875 N MICHIGAN AVENUE SUITE 3800CHICAGOIL606111802PRESIDENT UNTIL 5/16/181.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$12,599,196AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$757,562AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$16,725,655FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$30,082,413TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$30,082,413AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$451,236CashDeemedCharitableAmt
Net Vl Noncharitable Assets$29,631,177NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,481,559MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,481,559MinimumInvestmentReturnAmt
Tax Based On Investment Income$78,292TaxBasedOnInvestmentIncomeAmt
Income Tax$4,301IncomeTaxAmt
Total Tax$82,593TotalTaxAmt
Distributable Before Adj$1,398,966DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$1,398,966DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$1,398,966DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$639,379ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$639,379QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$639,379AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,398,966DistributableAsAdjustedAmt
Undistributed Income PY$465,639UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$639,379QualifyingDistributionsAmt
Applied To Year1$465,639AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$173,740AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$1,225,226UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerRICHARD GRAYContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonMARY GRAYRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1875 NORTH MICHIGAN AVE STE 3800AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
Recipient Phone3126428877RecipientPhoneNum
Form And Info And MaterialsTHERE IS NO STANDARD APPLICATION. A LETTER REQUESTING A DONATION IS SUFFICIENT.FormAndInfoAndMaterialsTxt
Submission DeadlinesTHERE ARE NO SUBMISSION DEADLINES.SubmissionDeadlinesTxt
Restrictions On AwardsALL DONEE ORGANIZATIONS MUST BE QUALIFIED ORGANIZATIONS PURSUANT TO IRC SECTION 170(C).RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (106 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ACCESS LIVING OF METROPOLITAN CHICAGO
115 W CHICAGO AVENUECHICAGOIL60654NONEPCGENERAL UNRESTRICTED$22,000
AIC CLASSICAL ART SOCIETY
111 S MICHIGAN AVENUECHICAGOIL60603NONEPCGENERAL UNRESTRICTED$500
AIC OLD MASTERS SOCIETY
111 S MICHIGAN AVENUECHICAGOIL60603NONEPCGENERAL UNRESTRICTED$1,900
AIC PRINT AND DRAWING CLUB
111 S MICHIGAN AVENUECHICAGOIL60603NONEPCGENERAL UNRESTRICTED$1,000
AIC RYERSON AND BURNHAM LIBRARY
111 S MICHIGAN AVENUECHICAGOIL60603NONEPCGENERAL UNRESTRICTED$1,500
AIC THE SUSTAINING FELLOWS
111 S MICHIGAN AVENUECHICAGOIL60603NONEPCGENERAL UNRESTRICTED$50,000
AMERICAN CIVIL LIBERTIES UNION
180 N MICHIGAN AVENUECHICAGOIL60601NONEPCGENERAL UNRESTRICTED$250
AMERICAN HEART ASSOCIATION
7272 GREENVILLE AVENUEDALLASTX75231NONEPCGENERAL UNRESTRICTED$100
AMERICAN JEWISH COMMITTEE
165 E 56TH STREETNEW YORKNY10022NONEPCGENERAL UNRESTRICTED$250
AMERICAN NATIONAL RED CROSS
431 18TH STREET NWWASHINGTONDC20006NONEPCGENERAL UNRESTRICTED$100
AMERICAN SYMPHONY ORCHESTRA LEAGUE
33 W 60TH STREET 5TH FLOORNEW YORKNY10023NONEPCGENERAL UNRESTRICTED$700
ANDREWS UNIVERSITY (WAUS)
4150 ADMINISTRATION DRIVEBERRIEN SPRINGSMI49104NONEPCGENERAL UNRESTRICTED$100
ART INSTITUTE OF CHICAGO
111 S MICHIGAN AVECHICAGOIL60603NONEPCGENERAL UNRESTRICTED$3,100
AUDITORIUM THEATRE OF ROOSEVELT UNIVERSITY
50 E CONGRESS PARKWAYCHICAGOIL60605NONEPCGENERAL UNRESTRICTED$250
BENNINGTON COLLEGE CORPORATION
RT 67ABENNINGTONVT05201NONEPCGENERAL UNRESTRICTED$500
BERKELEY HIGH SCHOOL DEVELOPMENT GROUP
PO BOX 519BERKELEYCA94701NONEPCGENERAL UNRESTRICTED$100
BRYN MAWR COLLEGE
101 N MERION AVENUEBRYN MAWRPA19010NONEPCGENERAL UNRESTRICTED$15,000
BUSINESS AND PROFESSIONAL PEOPLE FOR THE PUBLIC INTEREST
25 E WASHINGTON STREET STE 1515CHICAGOIL60602NONEPCGENERAL UNRESTRICTED$1,000
CHICAGO ARCHITECTURE FOUNDATION
224 S MICHIGAN AVENUECHICAGOIL60604NONEPCGENERAL UNRESTRICTED$1,000
CHICAGO COUNCIL ON GLOBAL AFFAIRS
180 N STETSON AVENUE STE 1400CHICAGOIL60601NONEPCGENERAL UNRESTRICTED$1,500
CHICAGO HIGH SCHOOL FOR THE ARTS
2714 W AUGUSTA BOULEVARDCHICAGOIL60622NONEPCGENERAL UNRESTRICTED$2,500
CHICAGO HISTORY MUSEUM
1601 N CLARK STREETCHICAGOIL60614NONEPCGENERAL UNRESTRICTED$2,500
CHICAGO HUMANITIES FESTIVAL
500 N DEARBORN STREET STE 825CHICAGOIL60654NONEPCGENERAL UNRESTRICTED$75,250
CHICAGO INSTITUTE FOR PSYCHOANALYSIS
122 S MICHIGAN AVENUE STE 1300CHICAGOIL60603NONEPCGENERAL UNRESTRICTED$500
CHICAGO OPERA THEATER
70 E LAKE STREET STE 415CHICAGOIL60601NONEPCGENERAL UNRESTRICTED$250
CHICAGO PUBLIC MEDIA (WBEZ)
848 E GRAND AVENUE NAVY PIERCHICAGOIL60611NONEPCGENERAL UNRESTRICTED$5,000
CHICAGO SHAKESPEARE THEATER
800 E GRAND AVENUECHICAGOIL60611NONEPCGENERAL UNRESTRICTED$17,500
CHICAGO SYMPHONY ORCHESTRA
220 S MICHIGAN AVENUECHICAGOIL60604NONEPCGENERAL UNRESTRICTED$55,400
CHICAGO THEATRE GROUP INC
170 N DEARBORN STREETCHICAGOIL60601NONEPCGENERAL UNRESTRICTED$20,000
CHINATI FOUNDATION
PO BOX 1135MARFATX79843NONEPCGENERAL UNRESTRICTED$250
ERIKSON INSTITUTE
451 N LASALLE DRIVECHICAGOIL60654NONEPCGENERAL UNRESTRICTED$500
FACETS-MULTIMEDIA
1517 W FULLERTON AVENUECHICAGOIL60614NONEPCGENERAL UNRESTRICTED$250
FAMILY FOCUS INC
310 S PEORIA STREET STE 301CHICAGOIL60607NONEPCGENERAL UNRESTRICTED$3,500
FOUNDATION FIGHTING BLINDNESS
7168 COLUMBIA GATEWAY DRIVECOLUMBIAMD21046NONEPCGENERAL UNRESTRICTED$500
FRANK LLOYD WRIGHT BUILDING CONSERVANCY
53 W JACKSON BOULEVARD STE 1120CHICAGOIL60604NONEPCGENERAL UNRESTRICTED$250
FRANK LLOYD WRIGHT TRUST
931 CHICAGO AVENUEOAK PARKIL60302NONEPCGENERAL UNRESTRICTED$500
FRICK COLLECTION
1 E 70TH STREETNEW YORKNY10021NONEPCGENERAL UNRESTRICTED$5,000
FRIENDS OF HISTORIC SECOND CHURCH
1936 S MICHIGAN AVENUECHICAGOIL60616NONEPCGENERAL UNRESTRICTED$250
FRIENDS OF THE FROMM INSTITUTE FOR LIFE-LONG LEARNING
80 EAST SIR FRANCIS DRAKE BOULEVARDLARKSPURCA94939NONEPCGENERAL UNRESTRICTED$500
FRIENDS OF THE PARKS
17 N STATE STREET STE 1450CHICAGOIL60602NONEPCGENERAL UNRESTRICTED$500
GLESSNER HOUSE MUSEUM
1800 S PRAIRE AVENUECHICAGOIL60616NONEPCGENERAL UNRESTRICTED$500
GOLD COAST NEIGHBORS ASSOCIATION
PO BOX 101241CHICAGOIL60610NONEPCGENERAL UNRESTRICTED$250
GOLDEN APPLE FOUNDATION FOR EXCELLENCE IN TEACHING
8 S MICHIGAN AVENUE STE 700CHICAGOIL60603NONEPCGENERAL UNRESTRICTED$250
GRANT PARK ORCHESTRAL ASSOCIATION
205 E RANDOLPH STREETCHICAGOIL60601NONEPCGENERAL UNRESTRICTED$1,000
GRAY COLLECTION TRUST
1130 N LAKE SHORE DRIVE APT 5ECHICAGOIL60611POFGENERAL UNRESTRICTED$799,352
GREATER CHICAGO FOOD DEPOSITORY
4100 W ANN LURIE PLACECHICAGOIL60632NONEPCGENERAL UNRESTRICTED$100
HISTORIC PRESERVATION FOUNDATION OF THE FORTNIGHTLY
120 E BELLEVUE PLACECHICAGOIL60611NONEPCGENERAL UNRESTRICTED$2,500
HISTORICAL ASSOCIATION OF SOUTH HAVEN
355 HUBBARD STREETSOUTH HAVENMI49090NONEPCGENERAL UNRESTRICTED$300
HUBBARD STREET DANCE CHICAGO
1147 W JACKSON BOULEVARDCHICAGOIL60607NONEPCGENERAL UNRESTRICTED$2,500
HUMAN RIGHTS WATCH
350 5TH AVENUE 34TH FLOORNEW YORKNY10118NONEPCGENERAL UNRESTRICTED$10,000
HYDE PARK ART CENTER
5020 S CORNELL AVENUECHICAGOIL60615NONEPCGENERAL UNRESTRICTED$2,500
ILLINOIS ARTS ALLIANCE
70 E LAKE STREET STE 420CHICAGOIL60601NONEPCGENERAL UNRESTRICTED$350
ILLINOIS HUMANITIES COUNCIL
17 N STATE STREET STE 1400CHICAGOIL60602NONEPCGENERAL UNRESTRICTED$2,500
JEWISH UNITED FUND OF METROPOLITAN CHICAGO
30 S WELLS STREETCHICAGOIL60606NONEPCGENERAL UNRESTRICTED$1,500
LANDMARKS PRESERVATION COUNCIL
30 N MICHIGAN AVENUE STE 2020CHICAGOIL60602NONEPCGENERAL UNRESTRICTED$10,000
LINCOLN PARK CONSERVANCY
2000 N RACINE AVENUE STE 4800CHICAGOIL60614NONEPCGENERAL UNRESTRICTED$250
LINCOLN PARK ZOOLOGICAL SOCIETY
2001 N CLARK STREETCHICAGOIL60614NONEPCGENERAL UNRESTRICTED$250
LOOKINGGLASS THEATER COMPANY
875 N MICHIGAN AVENUECHICAGOIL60611NONEPCGENERAL UNRESTRICTED$2,500
LYRIC OPERA OF CHICAGO
20 N WACKER DRIVE STE 860CHICAGOIL60606NONEPCGENERAL UNRESTRICTED$24,500
MASTER DRAWINGS ASSOCIATION
225 MADISON AVENUENEW YORKNY10016NONEPCGENERAL UNRESTRICTED$3,000
METROPOLITAN OPERA GUILD
70 LINCOLN CENTER PLAZA 6THNEW YORKNY10023NONEPCGENERAL UNRESTRICTED$100
MICHIGAN MARITIME MUSEUM
260 DYCKMAN AVENUESOUTH HAVENMI49090NONEPCGENERAL UNRESTRICTED$500
MUSEUM CAMPUS CORPORATION
1400 S LAKE SHORE DRIVECHICAGOIL60605NONEPCGENERAL UNRESTRICTED$5,000
MUSEUM OF CONTEMPORARY ART
220 E CHICAGO AVENUECHICAGOIL60611NONEPCGENERAL UNRESTRICTED$15,000
MUSEUM OF MODERN ART
11 W 53RD STREETNEW YORKNY10019NONEPCGENERAL UNRESTRICTED$360
MUSEUM OF SCIENCE AND INDUSTRY
57TH STREET LAKE SHORE DRIVECHICAGOIL60637NONEPCGENERAL UNRESTRICTED$3,000
MUSIC AND DANCE THEATER CHICAGO
205 E RANDOLPH STREETCHICAGOIL60601NONEPCGENERAL UNRESTRICTED$10,000
MUSIC OF THE BAROQUE CONCERT SERIES
25 E WASHINGTON STREET STE 823CHICAGOIL60602NONEPCGENERAL UNRESTRICTED$1,000
NATIONAL TRUST FOR HISTORIC PRESERVATION IN THE UNITED STATES
2600 VIRGINIA AVENUE NW STE 1000WASHINGTONDC20037NONEPCGENERAL UNRESTRICTED$100
NEW ISRAEL FUND
2100 M STREET NW STE 619WASHINGTONDC20037NONEPCGENERAL UNRESTRICTED$1,000
NEWBERRY LIBRARY
60 W WALTON STREETCHICAGOIL60610NONEPCGENERAL UNRESTRICTED$52,200
NIGHT MINISTRY
4711 N RAVENSWOOD AVENUECHICAGOIL60640NONEPCGENERAL UNRESTRICTED$300
NORTHWESTERN UNIVERSITY
633 CLARK STREETEVANSTONIL60208NONEPCGENERAL UNRESTRICTED$1,000
PEOPLE FOR THE AMERICAN WAY FOUNDATION
1101 15TH STREET NW STE 600WASHINGTONDC20005NONEPCGENERAL UNRESTRICTED$250
PIERPONT MORGAN LIBRARY
225 MADISON AVENUENEW YORKNY10016NONEPCGENERAL UNRESTRICTED$2,000
PLANNED PARENTHOOD OF ILLINOIS
18 S MICHIGAN AVENUE 6TH FLOORCHICAGOIL60603NONEPCGENERAL UNRESTRICTED$250
PLOUGHSHARES FUND
1808 WEDEMEYER STREET STE 200 THSAN FRANCISCOCA94129NONEPCGENERAL UNRESTRICTED$2,500
RAGDALE FOUNDATION
1260 GREEN BAY ROADLAKE FORESTIL60045NONEPCGENERAL UNRESTRICTED$1,500
SAVE VENICE INC
133 E 58TH STREET STE 501NEW YORKNY10022NONEPCGENERAL UNRESTRICTED$1,000
SOLTI FOUNDATION
1555 SHERMAN AVENUEEVANSTONIL60201NONEPCGENERAL UNRESTRICTED$7,500
SOUTH HAVEN ART ASSOCIATION
600 PHOENIX STREETSOUTH HAVENMI49090NONEPCGENERAL UNRESTRICTED$500
SOUTH HAVEN COMMUNITY FOUNDATION
PO BOX 507SOUTH HAVENMI49090NONEPCGENERAL UNRESTRICTED$500
SOUTH HAVEN PERFOMANCE SERIES
556 N SHORE DRIVE LOT 16SOUTH HAVENMI49090NONEPCGENERAL UNRESTRICTED$300
SPERTUS INSTITUTE FOR JEWISH LEARNING AND LEADERSHIP
610 S MICHIGAN AVENUECHICAGOIL60605NONEPCGENERAL UNRESTRICTED$1,000
STEPPENWOLF THEATRE COMPANY
1700 N HALSTED STREETCHICAGOIL60614NONEPCGENERAL UNRESTRICTED$10,000
STEVENSON CENTER FOR DEMOCRACY
25200 N ST MARYS ROADMETTAWAIL60048NONEPCGENERAL UNRESTRICTED$250
STUDENT ADVOCACY CENTER OF MICHIGAN
124 PEARL STREET STE 504YPSILANTIMI48197NONEPCGENERAL UNRESTRICTED$250
THE CHICAGO COMMUNITY TRUST
225 N MICHIGAN AVENUE STE 2200CHICAGOIL60601NONEPCGENERAL UNRESTRICTED$5,000
THE CONNECTICUT HOSPICE INC
100 DOUBLE BEACH ROADBRANFORDCT06405NONEPCGENERAL UNRESTRICTED$100
THE JOFFREY BALLET
10 E RANDOLPH STREETCHICAGOIL60601NONEPCGENERAL UNRESTRICTED$7,500
THE METROPOLITAN MUSEUM OF ART
1000 FIFTH AVENUENEW YORKNY10028NONEPCGENERAL UNRESTRICTED$210
THE SALVATION ARMY
5550 PRAIRIE STONE PARKWAYHOFFMAN ESTATESIL60192NONEPCGENERAL UNRESTRICTED$100
U OF C CHICAGO PRESENTS
6054 S DREXEL AVENUE STE 300CHICAGOIL60637NONEPCGENERAL UNRESTRICTED$3,000
U OF C DIVISION OF THE HUMANITIES
6054 S DREXEL AVENUE STE 300CHICAGOIL60637NONEPCGENERAL UNRESTRICTED$12,000
U OF C LIBRARY SOCIETY
6054 S DREXEL AVENUE STE 300CHICAGOIL60637NONEPCGENERAL UNRESTRICTED$5,250
U OF C ORIENTAL INSTITUTE
6054 S DREXEL AVENUE STE 300CHICAGOIL60637NONEPCGENERAL UNRESTRICTED$2,500
U OF C RENAISSANCE SOCIETY
6054 S DREXEL AVENUE STE 300CHICAGOIL60637NONEPCGENERAL UNRESTRICTED$1,000
U OF C SERVICE LEAGUE
6054 S DREXEL AVENUE STE 300CHICAGOIL60637NONEPCGENERAL UNRESTRICTED$100
U OF C SMART MUSEUM OF ART
6054 S DREXEL AVENUE STE 300CHICAGOIL60637NONEPCGENERAL UNRESTRICTED$25,000
U OF C WOMENS BOARD
6054 S DREXEL AVENUE STE 300CHICAGOIL60637NONEPCGENERAL UNRESTRICTED$1,000
UNITED STATES HOLOCAUST MEMORIAL MUSEUM
100 RAOUL WALLENBERG PLAZA SWWASHINGTONDC20024NONEPCGENERAL UNRESTRICTED$150
UNIVERSITY OF CHICAGO
6054 S DREXEL AVENUE STE 300CHICAGOIL60637NONEPCGENERAL UNRESTRICTED$50,000
UNIVERSITY OF ILLINOIS FOUNDATION
1305 W GREEN STREETURBANAIL61801NONEPCGENERAL UNRESTRICTED$500
WINDOW TO THE WORLD COMMUNICATIONS
5400 N ST LOUIS AVENUECHICAGOIL60625NONEPCGENERAL UNRESTRICTED$50,000
WORKING IN THE SCHOOLS
641 W LAKE STREET STE 200CHICAGOIL60661NONEPCGENERAL UNRESTRICTED$500
YOUNG CONCERT ARTISTS INC
1776 BROADWAY STE 1500NEW YORKNY10019NONEPCGENERAL UNRESTRICTED$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,437,622TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Business900001BusinessCd
Unrelated Business Taxbl Incm$3,418UnrelatedBusinessTaxblIncmAmt
Exclusion14ExclusionCd
Exclusion$387,961ExclusionAmt
Related Or Exempt Function Incm$57RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Business900001BusinessCd
Unrelated Business Taxbl Incm$2,891UnrelatedBusinessTaxblIncmAmt
Exclusion18ExclusionCd
Exclusion$3,722,807ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (13 entries)

DescDescExclusionExclusionCdExclusionExclusionAmtBusinessBusinessCdUnrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmtRelated Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt
RICHARD GRAY FAMILY P'SHIP - ORD INCOME14-$57,497
RICHARD GRAY FAMILY P'SHIP - RENTAL14$24
RICHARD GRAY FAMILY P'SHIP - ROYALTIES14$142
RICHARD GRAY FAMILY P'SHIP - SEC 123114$29
RICHARD GRAY FAMILY P'SHIP - OTHER PORT INCOME14-$4,224
RICHARD GRAY FAMILY P'SHIP - SEC 125614-$7,931
RICHARD GRAY FAMILY P'SHIP - OTHER INCOME14$14,122
RICHARD GRAY FAMILY P'SHIP - ORD INCOME (UBTI)900001$48,586
RICHARD GRAY FAMILY P'SHIP - RENTAL (UBTI)900001$3
RICHARD GRAY FAMILY P'SHIP - ROYALTIES (UBTI)900001$133
RICHARD GRAY FAMILY P'SHIP - SEC 1231 (UBTI)900001$96
RICHARD GRAY FAMILY P'SHIP - OTHER INCOME (UBTI)900001$3,900
RICHARD GRAY FAMILY P'SHIP - OTHER TAX EXEMPT$177

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$59,027UnrelatedBusinessTaxblIncmAmt
Exclusion$4,055,441ExclusionAmt
Related Or Exempt Function Incm$234RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$4,114,702TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
4RICHARD GRAY FAMILY PARTNERSHIP - TAX EXEMPT INTEREST $57
11RICHARD GRAY FAMILY PARTNERSHIP - OTHER AND RENTAL INCOME/(LOSS).

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryRICHARD GRAY FAMILY P'SHIP - ACCTG FEESCategoryTxt
Amt$15,735Amt
Net Investment Income$15,735NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GRAY COLLECTION TRUST CO MARY GRAYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11130 N LAKE SHORE DRIVE NO 5EAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
Grant2016-12-13GrantDt
Grant$200,000GrantAmt
Purpose Of GrantTHE GRAY COLLECTION TRUST IS A CHARITABLE, EDUCATIONAL, AND RESEARCH INSTITUTION. THE PRIMARY PURPOSES OF THE GRAY COLLECTION 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, TO LEND AND MAKE AVAILABLE SUCH WORKS OF ART FOR DISPLAY TO THE PUBLIC AND FOR SUITABLE SCHOLARLY STUDIES.PurposeOfGrantTxt
Expended By Grantee$200,000ExpendedByGranteeAmt
Any Diversion By GranteeN/AAnyDiversionByGranteeTxt
Dates Of Reports By Grantee12/31/2016DatesOfReportsByGranteeTxt
Verification2016-12-31VerificationDt
Results Of Verification12/31/2016 - DOCUMENTATION PROVIDED BY GRANTEE FOLLOWED THE PURPOSE OF THE GRANT.ResultsOfVerificationTxt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
IdentifierTRANSFERS TO CONTROLLED ENTITIESIdentifierTxt
Form And Line ReferenceFORM 990-PF PART VII-A, LINE 11FormAndLineReferenceDesc
Medium ExplanationNAME OF CONTROLLED ENTITY EMPLOYER ID NO}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}}}}} GRAY COLLECTION TRUST 26-1596672ADDRESS}}}}}}}1130 N. LAKE SHORE DRIVE, NO. 5E CHICAGO, IL 60611DESCRIPTION OF TRANSFER}}}}}}}}}}}}}}}}}}}}}}}GRANT FOR OPERATING EXPENSES 10/2016 - 12/2017 AMOUNT OF TRANSFER }}}}}}}}}}}}}} 200,000. }}}}}}}}}}}}}} TOTAL AMOUNT OF TRANSFERS TO CONTROLLED ENTITIES 200,000. ~~~~~~~~~~~~~~EXCESS BUSINESS HOLDING [ ] YES [X ] NOMediumExplanationTxt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp (2 entries)

CategoryCategoryTxtLegal FeesLegalFeesAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
RICHARD GRAY FAMILY P'SHIP - LEGAL FEES$780$780$0
JENNER & BLOCK$816$408$408

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (4 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
DIVIDENDS RECEIVABLE$7,380$0$0
R. GRAY FAMILY PARTNERSHIP INVESTMENT$2,651,309$0$0
FIDELITY PENDING INVESTMENTS$0$15,400,000$15,400,000
DISTRIBUTION RECEIVABLE$0$164,429$164,429

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescOTHER TIMING DIFFERENCESDesc
Amt$28,426Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
RICHARD GRAY FAMILY P'SHIP - DEDUCTIONS$26,858$23,056$0
RICHARD GRAY FAMILY P'SHIP - NONDEDUCTIBLE EXPENSES$169$0$0
RICHARD GRAY FAMILY P'SHIP - CONTRIBUTIONS$16$0$16
ILLINOIS FILING FEES$15$0$15
PENALTIES$100$0$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (13 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
RICHARD GRAY FAMILY P'SHIP - ORD INCOME-$57,497-$57,497-$57,497
RICHARD GRAY FAMILY P'SHIP - RENTAL$24$24$24
RICHARD GRAY FAMILY P'SHIP - ROYALTIES$142$142$142
RICHARD GRAY FAMILY P'SHIP - SEC 1231$29$29$29
RICHARD GRAY FAMILY P'SHIP - OTHER PORT INCOME-$4,224-$4,224-$4,224
RICHARD GRAY FAMILY P'SHIP - SEC 1256-$7,931-$7,931-$7,931
RICHARD GRAY FAMILY P'SHIP - OTHER INCOME$14,122$14,122$14,122
RICHARD GRAY FAMILY P'SHIP - ORD INCOME (UBTI)$48,586$48,586
RICHARD GRAY FAMILY P'SHIP - RENTAL (UBTI)$3$3
RICHARD GRAY FAMILY P'SHIP - ROYALTIES (UBTI)$133$133
RICHARD GRAY FAMILY P'SHIP - SEC 1231 (UBTI)$96$96
RICHARD GRAY FAMILY P'SHIP - OTHER INCOME (UBTI)$3,900$3,900
RICHARD GRAY FAMILY P'SHIP - OTHER TAX EXEMPT$177$177

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescBUILT-IN GAIN FROM CONTRIBUTED STOCKDesc
Amt$473,823Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
HARRIS ASSOCIATES - MGMT FEES$74,160$74,160$0
RICHARD GRAY FAMILY P'SHIP - MGMT FEES$12,437$12,437$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
RICHARD GRAY FAMILY P'SHIP - FOREIGN TAXES$1,324$1,324$0
FEDERAL TAX PAYMENTS$30,000$0$0

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