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Kelley & Morgan Families Foundation is a private corporation based in TEXARKANA, TX. The foundation received its IRS ruling in 2011. The principal officer is Regions Trust. It holds total assets of $1.6M. Annual income is reported at $219K. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2017 to 2023. The foundation primarily funds organizations in Texas and Arkansas. According to available records, Kelley & Morgan Families Foundation has made 62 grants totaling $415K, with a median grant of $5K. Annual giving has decreased from $124K in 2020 to $98K in 2023. Individual grants have ranged from $150 to $30K, with an average award of $7K. The foundation has supported 33 unique organizations. Grants have been distributed to organizations in Texas and Arkansas. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$3K
Average Grant
$6K
Largest Grant
$30K
Based on 16 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Kelley & Morgan Families Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 62 grants. Its grantmaking reaches organizations primarily in TX, AR.
Kelley & Morgan Families Foundation has distributed a total of $415K across 62 grants. The median grant size is $5K, with an average of $7K. Individual grants have ranged from $150 to $30K.
Must be used for recipient's tax exempt purpose, including general operating support.
Kelley & Morgan Families Foundation is headquartered in TEXARKANA, TX. While based in TX, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Judy Kelley Morgan | PRESIDENT | $0 | $0 | N/A |
| Shelby Morgan Wanstrath | VICE PRESIDENT | $0 | $0 | N/A |
| Haven Morgan Pearcy | SECRETARY/TREASURER | $0 | $0 | N/A |
Total Giving
$101K
Total Assets
$1.7M
Fair Market Value
$1.8M
Net Worth
$1.7M
Grants Paid
$98K
Contributions
N/A
Net Investment Income
$18K
Distribution Amount
$86K
Total: N/A
Total Grants
62
Total Giving
$415K
Average Grant
$7K
Median Grant
$5K
Unique Recipients
33
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Texarkana Symphony OrchestraFUTHERANCE OF EXEMPT PURPOSE | Texarkana, AR | $20K | 2023 |
| Opportunities IncFUTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $12K | 2023 |
| Texas A&M University - TexarkanaFUTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $10K | 2023 |
| Texas Christian UniversityFUTHERANCE OF EXEMPT PURPOSE | Fort Worth, TX | $10K | 2023 |
| Wtamu FoundationFUTHERANCE OF EXEMPT PURPOSE | Canyon, TX | $10K | 2023 |
| Texas A&M FoundationFUTHERANCE OF EXEMPT PURPOSE | College Station, TX | $10K | 2023 |
| Hospice Of TexarkanaFURTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $6K | 2023 |
| Boy Scouts Of America Caddo Area CouncilFUTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $5K | 2023 |
| Clay Eichler Memorial FundFUTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $5K | 2023 |
| Texarkana Chamber Of CommerceFUTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $4K | 2023 |
| Alzheimer'S AllianceFUTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $3K | 2023 |
| Texarkana Music Teachers AssociationFUTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $2K | 2023 |
| Watersprings RanchFUTHERANCE OF EXEMPT PURPOSE | Texarkana, AR | $1K | 2023 |
| Harvest Regional Food BankFUTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $1K | 2023 |
| St James Day SchoolFUTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $500 | 2023 |
| First Baptist Church TexarkanaFURTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $20K | 2022 |
| West Texas A&M FoundationFURTHERANCE OF EXEMPT PURPOSE | Canyon, TX | $10K | 2022 |
| Christus St Michael FoundationFURTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $5K | 2022 |
| Caddo Area Boy Scouts Of AmericaFURTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $2K | 2022 |
| Cal Farley'S Boys RanchFURTHERANCE OF EXEMPT PURPOSES | Amarillo, TX | $150 | 2022 |
| Rawson Saunders SchoolFURTHERANCE OF EXEMPT PURPOSE | Austin, TX | $5K | 2021 |
| Texarkana Children'S Advocacy CtrFURTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $3K | 2021 |
| Women For A&M TexarkanaFURTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $3K | 2021 |
| Texarkana College FoundationFURTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $2K | 2021 |
| Casa For ChildrenFURTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $2K | 2021 |
| Haven HomesFURTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $1K | 2021 |
| Randy Sams' Outreach ShelterFURTHERANCE OF EXEMPT PURPOSE | Texarkana, TX | $8K | 2020 |