Charles Gray

Professor, Finance

cmgray@stthomas.edu

(651) 962-4301

Minneapolis Campus
1000 LaSalle Ave
Terrence Murphy Hall 443M
Minneapolis, MN 55403

A.M., Economics, Washington University
B.A., Social Science, Hendrix College
Ph.D., Economics, Washington University

See publications in UST Research Online

Mel Gray has been teaching economics, strategy and nonprofit management to undergraduate and M.B.A. students for more than 35 years. Previously, he was a staff economist at the Federal Reserve Banks of St. Louis and Minneapolis, and for a Minnesota state agency; he also served as executive director of a nonprofit community development agency. He has been a visiting or adjunct faculty member at Macalester College, Central Michigan University, and the Universities of Oslo, North Carolina, Minnesota, British Columbia and Rochester.

He received a B.A. in social science and math from Hendrix College, and his A.M. and Ph.D. in economics from Washington University in St. Louis. Gray's primary research interests are the nonprofit and creative sectors, especially social entrepreneurship and the nonprofit arts. He has authored or edited three books, including The Economics of Art and Culture with the late James Heilbrun (3rd ed. forthcoming), and his publications include numerous articles and book chapters. He is editor emeritus of Nonprofit Management and Leadership and is a past president of the Association for Cultural Economics, International.

Gray has been a consultant to the U.S. Department of Justice, the National Endowment for the Arts, the District of Columbia, several Minnesota state agencies and numerous companies, nonprofit organizations, law firms and trade associations.

Summer 2015 Courses
Summer 2015 Courses
Crs - Sec Title Days Time Location
GBEC 750 - 202 Intro to Nonprofit Sector - - - - - - - -
Description of course Intro to Nonprofit Sector : CRN: 30553
This course serves as an introduction to the nonprofit sector by providing an overview that includes size, scope, and types of organizations. Also addresses related topics such as charitable behavior and philanthropy, interrelationships among earned and unearned revenue sources, social entrepreneurship, governance and accountability, and interactions with the for-profit and government sectors. Prerequisite: Standard core courses and GBEC 600

Schedule Details

Location Time Day(s)
Fall 2015 Courses
Fall 2015 Courses
Crs - Sec Title Days Time Location
J-Term 2016 Courses
J-Term 2016 Courses
Crs - Sec Title Days Time Location
Academic and Professional Positions
  • Professor, University of St. Thomas, St. Paul / Minneapolis (1992 - present)
  • Adjunct Professor, University of North Carolina - School of Government, Chapel Hill (2009 - 2012)
  • Visiting Professor, University of Rochester - Simon School of Business and Eastman School of Music, Rochester (2002 - 2002)
  • Visiting Professor, University of North Carolina - MPA Program, Chapel Hill (1993 - 1994)
  • Associate Professor with tenure, University of St. Thomas, St. Paul / Minneapolis (1984 - 1992)
  • Visiting Professor, University of British Columbia Department of Economics, Vancouver (1992 - 1992)
  • Director, Center for Faculty Development, University of St. Thomas, Saint Paul / Minneapolis (1987 - 1990)
  • Assistant Professor, University of St. Thomas, St. Paul / Minneapolis (1979 - 1984)
  • Senior Research Analyst and Staff Economist, Minnesota Crime Control Planning Board (formerly Governor's Commission on Crime Prevention and Contr, St. Paul (1975 - 1979)
  • Adjunct Instructor, University of St. Thomas, St. Paul / Minneapolis (1976 - 1979)
  • Visiting Instructor, Macalester College, St. Paul (1974 - 1976)
  • Planning Coordinator, Co-CEO, Southside Community Enterprises, Minneapolis (1974 - 1975)
  • Economist, Federal Reserve Bank of Mpls, Minneapolis (1973 - 1974)
  • Instructor, Transylvania University, Lexington (1971 - 1973)
  • Regional Economist, Federal Reserve Bank of St. Louis, St. Louis (1969 - 1971)

Professional Memberships
  • American Economic Association
  • American Evaluations Association
  • Association for Cultural Economics
  • Association for Research on Nonprofit Organizations and Voluntary Action
  • International Association for Art & Cultural Management
  • International Society for Third-Sector Research
  • Social Impact Analysts Association/Social Return on Investment Network
  • Society for Benefit - Cost Analysis

Professional Service
  • American Evaluation Association, Reviewer
  • Association for Cultural Economics, International,
  • Midwest Center for Nonprofit Leadership,
  • National Center on Nonprofit Enterprise - Academic Advisory,
  • National Center on Nonprofit Enterprise,
  • Nonprofit Academic Centers Council, Reviewer
  • Nonprofit Policy Forum, Reviewer
  • Nonprofit and Voluntary Sector Quarterly, Reviewer

Public Service
  • Tubman Family Alliance - Strategic Planning, Committee Member

Publications
  • Gray, C. M. (1998). Hope for the future? Childhood exposure to the arts and adult visits to art museums. Journal of Cultural Economics, (22),
  • Gray, C. M., Gray, V., & Williams, B. (1981). Federalism, policy, and innovation in corrections. Policies Studies Review, (1), pp. 288-297
  • Gray, C. M., Conover, C., & Hennessey, T. (1978). Cost effectiveness of residential community corrections: An analytical prototype. Evaluation Quarterly,

Books and Chapters
  • Combs, K. L., & Gray, C. M. (2007). Managerial economics and organizational architecture 4th ed. McGraw-Hill
  • Combs, K. L., Gray, C. M., & Spry, J. A. (2007). Updated managerial economics and organizational architecture test bank. McGraw-Hill
  • Gray, C. M. (2007). Financing Nonprofits: Putting Theory into Practice. In Dennis Young (Ed.), Gifts in kind and other illiquid assets Ch 10 (pp. 227-241). AltaMira Press
  • Oster, S. M., Gray, C. M., & Weinberg, C. (2004). Effective Economic Decision Making by Nonprofit Organizations. In Dennis R. Young (Ed.), Pricing in the nonprofit sector Ch 2 (pp. 27-45). The Foundation Center
  • Gray, C. M. (2002). Handbook of Cultural Economics. In Ruth Towse (Ed.), Public Participation in the Arts. Edward Elgar
  • Gray, C. M., & Heilbrun, J. (2001). The economics of art and culture 2nd ed. Cambridge University Press
  • Gray, C. M., & Heilbrun, J. (1993). The economics of art and culture. Cambridge University Press

Research Interests
  • Economic Markets - Domestic
  • Governance
  • Public Finance
  • Nonprofit Management
  • Social Entrepreneurship

Awards and Honors
  • UST University Scholar award, 2004
  • UST University Scholar award,, 2001
  • UST University Scholar award,, 2002
  • UST University Scholar award,, 2003

Presentations
  • "Mission, strategy, and impact assessment." Nonprofit Governance Conference, Kansas City, MIssouri, April 01, 2015
  • "Forcing the Twain to meet? Toward an economic understanding of hybrid organizations." ARNOVA - Association for Research on Nonprofit Organizations and Voluntary Action, Denver, Colorado, November 01, 2014
  • "Governance and architecture in arts organizations: A case study of the Minnesota Orchestra" Social Theory, Politics, and the Arts Conference, Ottawa, Canada, October 01, 2014
  • "Social entrepreneurship and hybrid organizations: Reconciling the economic and 'competing logics' perspectives" UMKC Social Entrepreneurship Conference, Kansas City, Missouri, May 01, 2014
  • "The nonprofit performing arts and the good-news-bad-news business cycle: An exploratory study" ARNOVA - Association for Research on Nonprofit Organizations and Voluntary Action, November 01, 2013
  • "Toward a unified approach to social entre/intrapreneurship: Applying the economics paradigm" ARNOVA - Association for Research on Nonprofit Organizations and Voluntary Action, Hartford, Connecticut, November 01, 2013
  • "Scale and scope in social intrapreneurship: Case study of human service organization" on Nonprofit Competition and Public Policy Conference, Washington, District of Columbia, October 01, 2013
  • "Lawyer discipline and deterrence: Are ABA sanctions effective?" ARNOVA Association for Research on Nonprofit Organization and Voluntary Action, Cleveland, Ohio, November 01, 2009
  • "Scale, scope, and 'crowding out' in the nonprofit lively arts: Economic analysis of organizations in a geographic market" ARNOVA Association for Research on Nonprofit Organization and Voluntary Action, Atlanta, Georgia, November 01, 2007
  • "Governance and Architecture in Medium Sized Lively Arts OrganizatioGovernance and architecture in medium sized lively arts organizationss" AIMAC International Association for Art & Cultural Management, Montreal, Canada, January 01, 2005