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Morgan Foundation Inc. is a private corporation based in BARTLESVILLE, OK. The foundation received its IRS ruling in 1969. It holds total assets of $221K. Annual income is reported at $11K. Total assets have grown from $86K in 2011 to $225K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Oklahoma. According to available records, Morgan Foundation Inc. has made 15 grants totaling $68K, with a median grant of $3K. Annual giving has grown from $21K in 2020 to $31K in 2022. Individual grants have ranged from $250 to $15K, with an average award of $5K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in Oklahoma and Maryland. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$4K
Average Grant
$4K
Largest Grant
$7K
Based on 4 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.
Morgan Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in OK, MD.
Morgan Foundation Inc. has distributed a total of $68K across 15 grants. The median grant size is $3K, with an average of $5K. Individual grants have ranged from $250 to $15K.
Morgan Foundation Inc. is a private foundation. To inquire about grants, you can look up the foundation using their EIN (237022613) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Morgan Foundation Inc. is headquartered in BARTLESVILLE, OK. While based in OK, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert M Kane | PRESIDENT | $0 | $0 | N/A |
| Gale Kane | SECRETARY/TREASURER | $0 | $0 | N/A |
Total Giving
$16K
Total Assets
$225K
Fair Market Value
$324K
Net Worth
$225K
Grants Paid
$13K
Contributions
N/A
Net Investment Income
$12K
Distribution Amount
$14K
Total Grants
15
Total Giving
$68K
Average Grant
$5K
Median Grant
$3K
Unique Recipients
7
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Frank Phillips FoundationOPERATING | Bartlesville, OK | $15K | 2021 |
| The Frank Phillips Foundation IncOPERATING | Bartlesville, OK | $7K | 2022 |
| Oklahoma Wesleyan UniversityOPERATING | Bartlesville, OK | $7K | 2022 |
| Wesleyan Christian SchoolOPERATING | Bartlesville, OK | $1K | 2022 |
| The Friends Of Frank Phillips HomeOPERATING | Bartlesville, OK | $250 | 2022 |
| Impacto MinistryOPERATING | La Plata, MD | $500 | 2021 |
| Woolaroc Museum & Wildlife PreserveOPERATING | Bartlesville, OK | $3K | 2020 |
TULSA, OK
ARDMORE, OK
OKLAHOMA CITY, OK