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Morabito Family Foundation is a private corporation based in HOUSTON, TX. The foundation received its IRS ruling in 2019. The principal officer is Philip Morabito. It holds total assets of $1.9M. Annual income is reported at $507K. Total assets have grown from $153K in 2019 to $1.5M in 2023. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. According to available records, Morabito Family Foundation has made 17 grants totaling $175K, with a median grant of $10K. Annual giving has grown from $10K in 2020 to $85K in 2023. Individual grants have ranged from $3K to $25K, with an average award of $10K. The foundation has supported 14 unique organizations. The foundation primarily supports organizations in Texas, West Virginia, New York, which account for 82% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
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.
Morabito Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in TX, WV, NY.
Morabito Family Foundation has distributed a total of $175K across 17 grants. The median grant size is $10K, with an average of $10K. Individual grants have ranged from $3K to $25K.
Morabito Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Morabito Family Foundation is headquartered in HOUSTON, TX. While based in TX, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Grace Morabito | DIRECTOR | $0 | $0 | N/A |
| Beverly Morabito | DIRECTOR | $0 | $0 | N/A |
| Joan R Morabito | SECRETARY | $0 | $0 | N/A |
| Audrey Morabito | DIRECTOR | $0 | $0 | N/A |
| Philip A Morabito | PRESIDENT | $0 | $0 | N/A |
Total Giving
$89K
Total Assets
$1.5M
Fair Market Value
$1.5M
Net Worth
$1.5M
Grants Paid
$85K
Contributions
$340K
Net Investment Income
$42K
Distribution Amount
$62K
Total: N/A
Total Grants
17
Total Giving
$175K
Average Grant
$10K
Median Grant
$10K
Unique Recipients
14
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Magnificat HousesPROVIDING SHELTER, MEALS, COMMUNITY AND GUIDANCE | Houston, TX | $25K | 2023 |
| University Of CharlestonSUPPORT OF THE UNIVERSITY | Charleston, WV | $25K | 2023 |
| Project CurePROVIDE MEDICAL SUPPLIES AND EQUIPMENT IN UNDER-DEVELOPED COUNTRIES | Centennial, CO | $10K | 2023 |
| Life Of HoustonSUPPORT THE FEEDING OF HUNGRY BABIES | Houston, TX | $10K | 2023 |
| Sisters Of St Joseph Of RochesterSUPPORT FOR THE MINISTRY | Rochester, NY | $10K | 2023 |
| Epiphany Of The Lord (St Vincent Depaul)EMERGENCY ASSISTANCE TO AREA RESIDENTS IN NEED | Katy, TX | $5K | 2023 |
| Moving WatersMOBILE SHOWERS FOR THE UNHOUSED | Cypress, TX | $10K | 2022 |
| Dallas Children'S Advocacy CenterIMPROVING THE LIVES OF ABUSED CHILDREN | Dallas, TX | $10K | 2022 |
| Willis Met Head StartEARLY CHILDHOOD PROGRAM | Willis, TX | $10K | 2022 |
| Theatre Under The StarsCOMMUNITY THEATRE | Houston, TX | $10K | 2021 |
| Abigail'S PlaceSOCIAL CLUB | Richmond, TX | $10K | 2021 |
| St Judes Research HospitalTHE MISSION OF ST. JUDE CHILDREN'S RESEARCH HOSPITAL IS TO ADVANCE CURES, AND MEANS OF PREVENTION, FOR PEDIATRIC CATASTROPHIC DISEASES THROUGH RESEARCH AND TREATMENT | Memphis, TN | $5K | 2020 |
| Rise School Of HoustonTHE RISE SCHOOL OF AUSTIN PRESCHOOL PROVIDES HIGH-QUALITY EARLY CHILDHOOD EDUCATION TO CHILDREN OF ALL ABILITIES IN AN INCLUSIVE SETTING. | Austin, TX | $3K | 2020 |
| Solve Maternity Homes Of Bradenton FlSOLVE IS A FAITH-BASED NONPROFIT ORGANIZATION THAT PROVIDES COST-FREE MATERNITY HOUSING AND SUPPORT FOR AT-RISK WOMEN DURING AND AFTER PREGNANCY | Bradenton, FL | $3K | 2020 |