AD & AL Morgan Memorial Scholarship Fund
NORFOLK, VA EIN: 54-0309320
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$482K
+0.5% YoY
Annual Giving
$36K
-5.3% YoY
Grant Count
7
-22.2% YoY
Avg Grant Size
$5K
+21.8% YoY
Go deeper than public filings
PRO- Giving trend analysis — growing or declining?
- Organizations like yours that won grants here
- Strategic fit assessment for your organization
- Application timing recommendations
Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $481,808 | $479,435 | $486,721 |
| Revenue | $53,445 | $44,881 | $24,336 |
| Expenses | $51,072 | $52,167 | $47,562 |
| Qualifying Distributions | $40,000 | $42,000 | $36,500 |
| Net Investment Income | $42,373 | $34,714 | $13,274 |
| Distributable Amount | $40,629 | $37,042 | $38,546 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does AD & AL Morgan Memorial Scholarship Fund fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
- Similar orgs that won grants here
- GrantGraph™ relationship mapping
- 11M+ connections in GrantGraph™
Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lewis W Webb III | Trustee | 1 | — |
| G Randolph Webb Jr | Trustee | 1 | — |
| Charlotte W Chandler | Trustee | 1 | — |
| Robert W Guffey Jr | Trustee | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Virginia $170K (100%)
States
Cities
ChesapeakeNorfolkRichmondSuffolk
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
What could you do with AD & AL Morgan Memorial Scholarship Fund on Grantable?
- Assess strategic fit with your organization
- Get AI-generated opportunity briefs
- Monitor for new funding opportunities
- Draft a tailored letter of inquiry