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Morgan Creek Foundation is a private corporation based in CHAPEL HILL, NC. The foundation received its IRS ruling in 2016. The principal officer is Mark W Yusko. It holds total assets of $4.2M. Annual income is reported at $284K. The foundation is governed by 7 officers and trustees. The morgan creek foundation seeks to fund not-for-profit organizations in the communities where we live and work that provide disadvantaged children and youth the opportunity to participate in academic programs designed to help them develop the skills necessary to become a successful adult later in life and to contribute to the communities where they choose to live in their own unique way. In 2022 morgan creek foundation assisted 17 organizations. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in North Carolina. According to available records, Morgan Creek Foundation has made 83 grants totaling $734K, with a median grant of $10K. Annual giving has grown from $278K in 2021 to $456K in 2022. Individual grants have ranged from $1K to $18K, with an average award of $9K. The foundation has supported 39 unique organizations. The foundation primarily supports organizations in North Carolina, Virginia, New Jersey, which account for 90% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$10K
Average Grant
$8K
Largest Grant
$18K
Based on 27 grants from the most recent 990-PF filing.
The morgan creek foundation seeks to fund not-for-profit organizations in the communities where we live and work that provide disadvantaged children and youth the opportunity to participate in academic programs designed to help them develop the skills necessary to become a successful adult later in life and to contribute to the communities where they choose to live in their own unique way. In 2020 morgan creek foundation assisted 25 organizations.
Expenses: $257K
Scholarships awarded to graduating high school students or individuals who have obtained a g.e.d., who will attend a post-secondary educational institution and have an affiliation with one or more of the current or former morgan creek foundation grantees (see activity described in activity one). In 2020 morgan creek foundation awarded four scholarships.
Expenses: $14K
The morgan creek foundation seeks to fund not-for-profit organizations in the communities where we live and work that provide disadvantaged children and youth the opportunity to participate in academic programs designed to help them develop the skills necessary to become a successful adult later in life and to contribute to the communities where they choose to live in their own unique way. In 2022 morgan creek foundation assisted 17 organizations. Based on available records, the foundation has funded 83 grants. Its grantmaking reaches organizations primarily in NC, VA, NJ.
Morgan Creek Foundation has distributed a total of $734K across 83 grants. The median grant size is $10K, with an average of $9K. Individual grants have ranged from $1K to $18K.
Morgan Creek Foundation typically selects its grantees rather than accepting unsolicited proposals.
Morgan Creek Foundation is headquartered in CHAPEL HILL, NC. While based in NC, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Laura Fisher | DIRECTOR/TREASURER | $10K | $0 | $10K |
| Michael P Hennessy | BOARD MEMBER | $0 | $0 | N/A |
| Stacey Yusko | DIRECTOR/VP/DIR. OF GRANTS | $0 | $0 | N/A |
| Julie Thurman | BOARD MEMBER | $0 | $0 | N/A |
| Mark W Yusko | DIRECTOR/PRESIDENT | $0 | $0 | N/A |
| Will Bacon | SECRETARY | $0 | $0 | N/A |
| Joshua Tilley | BOARD MEMBER | $0 | $0 | N/A |
Total Giving
$234K
Total Assets
$3.4M
Fair Market Value
$3.4M
Net Worth
$3.4M
Grants Paid
$223K
Contributions
$103K
Net Investment Income
$101K
Distribution Amount
$152K
Total: $2.9M
Total Grants
83
Total Giving
$734K
Average Grant
$9K
Median Grant
$10K
Unique Recipients
39
Most Common Grant
$2K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Covenant House New JerseySUPPORT OF DOVE LEARNING CENTER | Newark, NJ | $18K | 2022 |
| Orange County Literacy CouncilSUPPORT ADULT LITERACY PROGRAM. | Carrboro, NC | $18K | 2022 |
| Durham Partnership Or ChildrenSUPPORT PRE-K PROGRAMMING | Durham, NC | $15K | 2022 |
| Children'S Literacy ProjectTO SUPPORT HIGH SCHOOL EDUCATIONAL AND TUTORING PROGRAMS | Durham, NC | $15K | 2022 |
| Triangle Literacy CouncilSUPPORT JUVENILE LITERACY CENTER | Research Triangle Park, NC | $15K | 2022 |
| D3 Community OutreachSUPPORT EDUCATIONAL AND JOB TRAINING PROGRAMS | Durham, NC | $13K | 2022 |
| For KidsSUPPORT OF THE EMERGENCY SHELTER PROVIDED TO FAMILIES AND CHILDREN | Chesapeake, VA | $13K | 2022 |
| Wonder ConnectionTO PROMOTE WELL BEING AND SELF-CONFIDENCE IN HOSPITALIZED CHILDREN AND TEENS THROUGH THE WONDERS OF NATURE AND SCIENCE. | Chapel Hill, NC | $13K | 2022 |
| University Of North Carolina At Chapel HillSUPPORT CAROLINA STUDENT TRANSFER EXCELLENCE PROGRAM (CSTEP) | Chapel Hill, NC | $13K | 2022 |
| Boys And Girls Club Of Wake CountyACADEMIC SUCCESS PROGRAMS. | Raleigh, NC | $13K | 2022 |
| Targeted Reading InstructionSUPPORT FOR PARENT/CAREGIVER EDUCATION WORKSHOP. | Chapel Hill, NC | $10K | 2022 |
| Gigi'S PlayhouseSUPPORT LITERACY PROGRAM | Raleigh, NC | $10K | 2022 |
| Mathkind Global IncTO SUPPORT GIRLS STEM CLUB IN TH TRIANGLE | Chapel Hill, NC | $10K | 2022 |
| Volunteers For YouthSUPPORT YOUTH MENTORING PROGRAM | Carrboro, NC | $10K | 2022 |
| Book HarvestSUPPORT OF THE BOOK BABIES PROGRAM | Durham, NC | $10K | 2022 |
| Helps Education FundSUPPORT FOR MOVES PROGRAM | Raleigh, NC | $10K | 2022 |
| Arts In ActionTO BRING ARTS AND DANCE PARTICIPATION TO UNDER-SERVED CHILDREN IN COMMUNITY. | Durham, NC | $5K | 2022 |
| Isaac Rojas-ArreolaSCHOLARSHIP TO UNC-CHARLOTTE | Charlotte, NC | $2K | 2022 |
| Aisha MalikSCHOLARSHIP TO HUNTER COLLEGE | New York, NY | $2K | 2022 |
| Abigail GomezSCHOLARSHIP TO UNC CHARLOTTE | Charlotte, NC | $2K | 2022 |
| Janelle SchwartzSCHOLARSHIP TO EAST CAROLINA UNIVERSITY | Greenville, NC | $2K | 2022 |
| Kunga ChimeSCHOLARSHIP TO BRANDEIS UNIVERSITY | Waltham, MA | $2K | 2022 |
| Cody HeinrichSCHOLARSHIP TO SAMFORD UNIVERSITY | Birmingham, AL | $2K | 2022 |
| Katelyn HoustonSCHOLARSHIP TO NC A&T UNIVERSITY | Greensboro, NC | $2K | 2022 |
| Madelaine ProanoSCHOLARSHIP TO UNC WILMINGTON | Wilmington, NC | $2K | 2022 |
| Saji AnjaliSCHOLARSHIP TO UNC CHAPEL HILL | Chapel Hill, NC | $2K | 2022 |
| Walter AginguSCHOLARSHIP TO NC CENTRAL UNIVERSITY | Durham, NC | $2K | 2022 |