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Morton-Kelly Charitable Trust is a private corporation based in PORTLAND, ME. The foundation received its IRS ruling in 1989. The principal officer is Marilyn A Lalumiere. It holds total assets of $20.2M. Annual income is reported at $24.7M. Total assets have grown from $3.4M in 2011 to $17.9M in 2023. The foundation is governed by 1 officer or trustee. Tax records are available from 2020 to 2023. According to available records, Morton-Kelly Charitable Trust has made 3 grants totaling $3.3M, with a median grant of $1M. Annual giving has grown from $958K in 2020 to $1.3M in 2023. Individual grants have ranged from $958K to $1.3M, with an average award of $1.1M. Grant recipients are concentrated in Maine. 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.
Morton-Kelly Charitable Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in ME.
Morton-Kelly Charitable Trust has distributed a total of $3.3M across 3 grants. The median grant size is $1M, with an average of $1.1M. Individual grants have ranged from $958K to $1.3M.
The application deadline is OCTOBER 1 OF EACH YEAR. Discretion of board of directors, but generally environmental, historical, cultural and educational organizations and activities in maine.
Morton-Kelly Charitable Trust is headquartered in PORTLAND, ME.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael J Quinlan | SECRETARY TREASURER AND DIREC | $0 | $0 | N/A |
Total Giving
$1.4M
Total Assets
$17.9M
Fair Market Value
$24.5M
Net Worth
$17.7M
Grants Paid
$1.3M
Contributions
N/A
Net Investment Income
$1.2M
Distribution Amount
$1.1M
Total: $15.8M
Total Grants
3
Total Giving
$3.3M
Average Grant
$1.1M
Median Grant
$1M
Unique Recipients
1
Most Common Grant
$1.3M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attached ScheduleCharitable | Portland, ME | $1.3M | 2023 |