Gray Family Foundation
Private foundation · Charlottetown, Prince Edward Island · BN 823438791RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($70,585) as filed with the CRA.
Gray Family Foundation is a private foundation based in Charlottetown, Prince Edward Island, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $44K in revenue and $71K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 27% of peers.
As a grantmaker, it reported gifts to 2 qualified donees totalling $53K in 2024, the largest being $50K to PEI Family Violence Prevention Services Inc.. Revenue has grown substantially over its filings on record here, from $682 in 2020 to $44K in 2024. Its filed list of directors and trustees shows 2 names.
In its own words
To promote the educational artistic cultural and social communities in atlantic canada and in particular prince edward island and to promote the physical health and well-being or residents of atlantic canada and in connection therewith to act as a private foundation as defined by the income tax act ( canada) to receive donations and to make donations to qualified donees as defined by the income tax act ( canada) .
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $44K | $71K | — | — | $53K | $948K |
| 2023 | $12K | $67K | — | — | $53K | $975K |
| 2022 | $1,399 | $8,655 | — | — | $3,000 | $1M |
| 2021 | $1M | $35K | — | — | $9,000 | $1M |
| 2020 | $682 | — | — | — | — | $23K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Investment income$26,841
- Other income$1,663
This ratio is gifts made divided by total assets at year end. It is not the CRA disbursement quota, which is calculated on the average value of property not used in charitable activities and cannot be derived from these filings.
Money between charities, 2024
Granted $53K to 2 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Cory Gray (direction); Darren Gray (direction).
As listed on its 2024 return.
Check the source
Every figure on this page is from Gray Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 823438791RR0001), or read how we compute the receipt.