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Nonprofit · EIN 83-6537585

GRAYVEST FOUNDATION

Also known as DAVID B THURSTON TTEE

Tax-exempt · BOSTON, MA 02116

Financials

$268K$1.6M2023−$519K$1.5M2024
Revenue Expenses · by fiscal year end
Financials of GRAYVEST FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF-$518,962$1,474,839-$1,993,801$14,187,170$173,068$14,014,102
December 31, 2023990-PF$267,704$1,594,868-$1,327,164$16,007,903$0$16,007,903
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$292,081
Net gain from sales of assets
-$811,043

Expenses

Grants and similar amounts paid
$1,173,068
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$1,173,138

Balance sheet and other

Total assets, start of year
$16,007,903
Total assets, end of year
$14,187,170
Total liabilities, end of year
$173,068
Net assets, end of year
$14,014,102
Fair market value of assets
$22,404,676
Qualifying distributions
$1,173,138
Net investment income
$292,081

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DAVID B THURSTON
C/O PAUL MCCOY FOS 31 SAINT JAMES, AVE 740, BOSTON, MA 02116
TRUSTEE1$0
CATHERINE LEE HAYDEN
C/O PAUL MCCOY FOS 31 SAINT JAMES, AVE 740, BOSTON, MA 02116
TRUSTEE1$0
990-PF for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
DAVID B THURSTON
C/O PAUL MCCOY FOS 31 SAINT JAMES, AVE 740, BOSTON, MA 02116
TRUSTEE1$0
CATHERINE LEE HAYDEN
C/O PAUL MCCOY FOS 31 SAINT JAMES, AVE 740, BOSTON, MA 02116
TRUSTEE1$0

Address and contacts

Address (IRS master file)
31 SAINT JAMES AVE STE 740, BOSTON, MA 02116-4186
In care of
% PAUL MCCOY FAMILY OFFICE SERVICES
Signed the 990-PF
DAVID B THURSTON, TRUSTEE
Phone
(617) 933-3600
Return prepared by
PAUL MCCOY FAMILY OFFICE SERVICES LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
83-6537585
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2019
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$14,187,170
Income (IRS master file)
$292,081

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024-$518,962$1,474,839$14,187,170XML
990-TDecember 2024–––IRS
990-PFDecember 2023$267,704$1,594,868$16,007,903XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-6537585).

Questions about GRAYVEST FOUNDATION

What is the EIN of GRAYVEST FOUNDATION?
The employer identification number (EIN) of GRAYVEST FOUNDATION is 83-6537585.
Is GRAYVEST FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to GRAYVEST FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does GRAYVEST FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of GRAYVEST FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GRAYVEST FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of GRAYVEST FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does GRAYVEST FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of -$518,962, expenses of $1,474,839 and total assets of $14,187,170 at year end.

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