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Morello Foundation is a private trust based in OCEAN CITY, NJ. The foundation received its IRS ruling in 1970. It holds total assets of $327K. Annual income is reported at $36K. THE ORGANIZATION DONATES TO A SCHOOL TO BE USED FOR SCHOLARSHIPS. According to available records, Morello Foundation has made 5 grants totaling $34K, with a median grant of $5K. The foundation has distributed between $17K and $17K annually from 2022 to 2023. Individual grants have ranged from $4K to $12K, with an average award of $7K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in New Jersey. Contributions to this foundation are tax-deductible.
THE ORGANIZATION DONATES TO A SCHOOL TO BE USED FOR SCHOLARSHIPS
Expenses: $16K
THE ORGANIZATION DONATES TO A SCHOOL TO BE USED FOR SCHOLARSHIPS. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NJ.
Morello Foundation has distributed a total of $34K across 5 grants. The median grant size is $5K, with an average of $7K. Individual grants have ranged from $4K to $12K.
Morello Foundation is a private foundation. To inquire about grants, you can look up the foundation using their EIN (237051152) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Morello Foundation is headquartered in OCEAN CITY, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael A Morello | Trustee | $0 | $0 | $0 |
| Matthew Morello | Trustee | $0 | $0 | $0 |
| Jennifer Morello Fiss | Trustee | $0 | $0 | $0 |
Total Giving
$21K
Total Assets
$326K
Fair Market Value
$376K
Net Worth
$326K
Grants Paid
$17K
Contributions
$0
Net Investment Income
$22K
Distribution Amount
$0
Total: $49K
Total Grants
5
Total Giving
$34K
Average Grant
$7K
Median Grant
$5K
Unique Recipients
3
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Our Lady Of Mercy AcademySCHOLARSHIP | Newfield, NJ | $8K | 2023 |
| Shore Medical CenterSCHOLARSHIP | Hammonton, NJ | $5K | 2023 |
| Saint Augustine PrepSCHOLARSHIP | Richland, NJ | $4K | 2023 |
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