# EDGAR Filing Document

**Accession Number:** 0002011602
**File Stem:** 0001021408-25-001717
**Filing Date:** 2025-8
**Character Count:** 4055
**Document Hash:** 477c24c8572b0cd17a22ce93797b5001
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001021408-25-001717.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001021408-25-001717

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gray Foundation
- **CENTRAL INDEX KEY:** 0002011602

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23797
- **FILM NUMBER:** 251221227

**BUSINESS ADDRESS:**
- **STREET 1:** C/O AYCO
- **STREET 2:** 100 COLISEUM DRIVE
- **CITY:** COHOES
- **STATE:** NY
- **ZIP:** 12047
- **BUSINESS PHONE:** 518-886-4118

**MAIL ADDRESS:**
- **STREET 1:** C/O AYCO
- **STREET 2:** 100 COLISEUM DRIVE
- **CITY:** COHOES
- **STATE:** NY
- **ZIP:** 12047

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0002011602

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Gray Foundation

**Address:** c/o Ayco, Cohoes, NY 12047

**Telephone number:** 518-886-4118

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-23797

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                 | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                  | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   | SHARES VOTED FOR OR AGAINST MANAGEMENT   | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|:---|:---|:---|
| Hilton Worldwide Holdings Inc. | 43300A203 | 5/14/2025      | To approve, in a non-binding advisory vote, the compensation paid to our named executive officers | SECTION 14A SAY-ON-PAY VOTES |         731666 |                0 | FOR         | 731666                                   | FOR                         |  |
| Analog Devices Inc             | 032654105 | 3/12/2025      | To approve, by a non-binding “say-on-pay” vote, the compensation of our named executive officers  | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| Hilton Grand Vacations Inc.    | 43283X105 | 5/07/2025      | A non-binding advisory vote to approve the compensation of our named executive officers           | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| Invitation Homes Inc.          | 46187W107 | 5/15/2025      | To approve, in a non-binding advisory vote, the compensation paid to our named executive officers | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |

## N-PX: Signature Block

**Reporting Person:** Gray Foundation

**By (Signature):** Dana Zucker

**By (Printed Signature):** Dana Zucker

**By (Title):** Chief Executive Officer

**Date:** 08/14/2025