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Also known as: CHARITABLE FOUNDATION
Morgan E Cline Perpetual Charitable Foundation is a private trust based in CENTERVILLE, IA. The foundation received its IRS ruling in 2015. The principal officer is % William A Boatwright. It holds total assets of $15M. Annual income is reported at $6.8M. FOSTERING VIABLE AND THRIVING COMMUNITIES IN AND AROUND APPANOOSE COUNTY, IOWA BY COLLABORATING TO PROVIDE RESOURCES AND PROFESSIONAL SUPPORT. OPERATIONS IN 2022 INCLUDED, THE OPPERATIONS OF THE CONTINENTAL HOTEL AND THE MAJESTIC THEATER BOTH OF WHICH ARE LOCATED IN APPANOOSE COUNTY, IOWA AND WERE OPERATED AS OUTLINED IN THE WILL OF MORGAN E. CLINE AND THE FORM 1023 APPLICATION. According to available records, Morgan E Cline Perpetual Charitable Foundation has made 38 grants totaling $1.1M, with a median grant of $5K. Annual giving has grown from $122K in 2020 to $214K in 2023. Grantmaking activity was highest in 2021 with $528K distributed across 11 grants. Individual grants have ranged from $150 to $400K, with an average award of $28K. The foundation has supported 22 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
FOSTERING VIABLE AND THRIVING COMMUNITIES IN AND AROUND APPANOOSE COUNTY, IOWA BY COLLABORATING TO PROVIDE RESOURCES AND PROFESSIONAL SUPPORT. OPERATIONS IN 2023 INCLUDED, THE OPERATIONS OF THE CONTINENTAL HOTEL AND THE MAJESTIC THEATER BOTH OF WHICH ARE LOCATED IN APPANOOSE COUNTY, IOWA AND WERE OPERATED AS OUTLINED IN THE WILL OF MORGAN E. CLINE AND THE FORM 1023 APPLICATION.
Expenses: $1.5M
FOSTERING VIABLE AND THRIVING COMMUNITIES IN AND AROUND APPANOOSE COUNTY, IOWA BY COLLABORATING TO PROVIDE RESOURCES AND PROFESSIONAL SUPPORT. OPERATIONS IN 2022 INCLUDED, THE OPPERATIONS OF THE CONTINENTAL HOTEL AND THE MAJESTIC THEATER BOTH OF WHICH ARE LOCATED IN APPANOOSE COUNTY, IOWA AND WERE OPERATED AS OUTLINED IN THE WILL OF MORGAN E. CLINE AND THE FORM 1023 APPLICATION. Based on available records, the foundation has funded 38 grants. Its grantmaking reaches organizations primarily in IA.
Morgan E Cline Perpetual Charitable Foundation has distributed a total of $1.1M across 38 grants. The median grant size is $5K, with an average of $28K. Individual grants have ranged from $150 to $400K.
The application deadline is THERE ARE NO SUBMISSION DEADLINES AT THIS TIME.. ANY GRANT AWARDED WILL REQUIRE AN ACKNOWLEDGEMENT FROM THE RECIPIENT THAT THE FUNDS WILL BE USED EXCLUSIVELY FOR CHARITABLE PURPOSES. EACH RECIPIENT WILL BE REQUIRED TO SUBMIT PROOF OF 501(C)(3) EXEMPT STATUS. IT IS INTENDED THAT AWARDEE ORGANIZATIONS BE LOCATED IN AND AROUND APPANOOSE COUNTY, IOWA. WE SUPPORT ORGANIZATIONS WITH: 501(C)(3) STATUS THAT ARE ALSO 509(A)(1) OR 509(A)(2) PUBLIC CHARITIES. CHURCHES, HOSPITALS, SCHOOLS, OR GOVERNMENTAL AGENCIES LIKE FIRE DEPARTMENTS OR PUBLIC LIBRARIES UNDERTAKING CHARITABLE ACTIVITIES OR TAX EXEMPT ORGANIZATIONS THAT ARE 509(A)(3) ORGANIZATIONS. AS SPECIAL RULES APPLY TO SOME OF THESE TYPES OF ORGANIZATIONS, IT IS IMPORTANT THAT THEY CONTACT THE FOUNDATION TO LEARN MORE ABOUT THEIR ELIGIBILITY.
Morgan E Cline Perpetual Charitable Foundation is headquartered in CENTERVILLE, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Alison Fraser | CEO | $149K | $4K | $153K |
| Connie Stater | TRUSTEE | $5K | $0 | $5K |
| Jerry Kirkpatrick | TRUSTEE | $5K | $0 | $5K |
| Vanessa Fraser | TRUSTEE | $5K | $0 | $5K |
| Bill Buss | TRUSTEE | $5K | $0 | $5K |
Total Giving
$2M
Total Assets
$14.5M
Fair Market Value
$14.5M
Net Worth
$14.3M
Grants Paid
$214K
Contributions
$0
Net Investment Income
$212K
Distribution Amount
$543K
Total: $11M
Total Grants
38
Total Giving
$1.1M
Average Grant
$28K
Median Grant
$5K
Unique Recipients
22
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Kids WorldPROFESSIONAL PLAYGROUND INSTALLATION | Centerville, IA | $4K | 2023 |
| Indian Hills Community College FoundationCONSTRUCTION OF NEW FACILITY | Ottumwa, IA | $200K | 2023 |
| Centerville Concert AssociationGENERAL OPERATING SUPPORT | Centerville, IA | $6K | 2023 |
| The Lord'S CupboardGENERAL OPERATING SUPPORT | Centerville, IA | $3K | 2023 |
| City Of ExlineCEMETERY MAINTENANCE | Exline, IA |
INDEPENDENCE, IA
WABASH, IN
PELLA, IA
MT PLEASANT, IA
| The Iowa Trust And Savings Bank |
| CORPORATE TRUSTEE/TREASURER |
| $5K |
| $0 |
| $5K |
| Ann Young | SECRETARY | $5K | $0 | $5K |
| Frank Reznicek | VICE-CHAIR | $5K | $0 | $5K |
| Michael Craver Esq | CHAIR | $5K | $0 | $5K |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| $1K |
| 2023 |
| Reaching All People Together (Rapt)GENERAL OPERATING SUPPORT | Centerville, IA | $200 | 2023 |
| Centerville Garden ClubGENERAL OPERATING SUPPORT | Centerville, IA | $200 | 2023 |
| Furever Friends Rescue Of Appanoose IncSUPPORT FOR CHARITABLE PROGRAMS AND OPERATIONS | Centerville, IA | $3K | 2022 |
| Promoting Appanoose & Centerville Together (Pact)CHARITABLE COMMUNITY MARKETING AND OUTREACH | Centerville, IA | $2K | 2022 |
| Main Street CentervilleCHARITABLE COMMUNITY MARKETING AND OUTREACH | Centerville, IA | $1K | 2022 |
| Rathbun Lake Area YmcaSUPPORT FOR CHARITABLE PROGRAMS AND OPERATIONS | Centerville, IA | $150 | 2022 |
| Moravia Historical SocietySUPPORT FOR CHARITABLE PROGRAMS AND OPERATIONS | Moravia, IA | $150 | 2022 |
| All PlayPARKS AND TRAILS DEVELOPMENT | Centerville, IA | $25K | 2021 |
| Moulton Volunteer Firefighters AssociationULTRA-HIGH PRESSURE FIREFIGHTING EQUIPMENT | Moulton, IA | $21K | 2021 |
| Appanoose County Public HealthCOVID VACCINE PROMOTION - GIVEAWAY FOR KIDS | Centerville, IA | $1K | 2021 |
| All-PlayMOWING EQUIPMENT AND SIGN REPAIRS | Centerville, IA | $25K | 2020 |
| Chariton Valley Regional Housing TrustHOUSING PROGRAM | Centerville, IA | $20K | 2020 |
| Appanoose Community Care ServicesOFFICE UPGRADES AND PPE | Centerville, IA | $20K | 2020 |
| Everystep FoundationPURCHASE PPE FOR CENTERVILLE HOSPICE & NURSING STAFF | Des Moines, IA | $10K | 2020 |
| Centerville Chamber Of CommerceCHARITABLE COMMUNITY MARKETING AND OUTREACH | Centerville, IA | $5K | 2020 |
| Appanoose County Coalition For The ArtsRITZ REHAB ADMINISTRATION | Centerville, IA | $2K | 2020 |
| Operation SantaCHRISTMAS PRESENTS FOR KIDS | Centerville, IA | $1K | 2020 |
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