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Morrison Trust Nect is a private trust based in SAN ANTONIO, TX. The foundation received its IRS ruling in 2022. The principal officer is W T Chumney. It holds total assets of $3.5M. Annual income is reported at $1.9M. The foundation is governed by 1 officer or trustee. The foundation operates in the area of health. Tax records are available from 2020 to 2023. According to available records, Morrison Trust Nect has made 5 grants totaling $945K, with a median grant of $187K. Annual giving has grown from $187K in 2020 to $366K in 2023. Individual grants have ranged from $183K to $203K, with an average award of $189K. Grant recipients are concentrated in Texas. 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.
Morrison Trust Nect primarily funds organizations in the area of health. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in TX.
Morrison Trust Nect has distributed a total of $945K across 5 grants. The median grant size is $187K, with an average of $189K. Individual grants have ranged from $183K to $203K.
The application deadline is A) SPECIFIC INFORMATION RELATED TO USE OF GRANT B) COPY OF IRS EXEMPTION LETTER. C) most recent financial statement d) list of board members e) charter and/or by laws f) project budget g) irs form w-9 submission deadlines: march 31, july 31, and october 31.
Morrison Trust Nect is headquartered in SAN ANTONIO, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Frost Bank | TRUSTEE | $35K | $0 | $35K |
Total Giving
$226K
Total Assets
$3.4M
Fair Market Value
$3.6M
Net Worth
$3.4M
Grants Paid
$183K
Contributions
N/A
Net Investment Income
$156K
Distribution Amount
$175K
Total: $3.3M
Total Grants
5
Total Giving
$945K
Average Grant
$189K
Median Grant
$187K
Unique Recipients
1
Most Common Grant
$183K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of Texas Health ScienceCHARITABLE GRANT FOR | San Antonio, TX | $183K | 2023 |