Albert & Leona a Morgan Charitable
Albert & Leona a Morgan Charitable is a private foundation, based in PHILLIPSBURG, KS. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $10.0M in total assets. In 2024, it awarded 1 grants totaling $475K. Net investment income was $443K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.0M
-1.0% YoY
Annual Giving
$475K
+3.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$475K
+3.0% YoY
Under IRS private-foundation payout rules, Albert & Leona a Morgan Charitable reported a distributable amount of $580K for 2024 — the minimum it must pay out in qualifying distributions.
About Albert & Leona a Morgan Charitable
Based on IRS filings
Albert & Leona a Morgan Charitable is a private foundation, based in PHILLIPSBURG, KS. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $10.0M in total assets. In 2024, it awarded 1 grants totaling $475K. Net investment income was $443K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,025,012 | $10,131,146 | $10,073,287 |
| Revenue | $549,336 | $719,320 | $2,557,509 |
| Expenses | $655,470 | $661,461 | $684,813 |
| Qualifying Distributions | $551,592 | $535,706 | $502,007 |
| Net Investment Income | $442,747 | $395,301 | $654,121 |
| Distributable Amount | $580,001 | $554,812 | $522,421 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Attached Statement 14 ($474,625).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHED STATEMENT 14 PHILLIPSBURG, KS | CHARITABLE GRANTS | $474,625 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DANIELS HEINZE | DIRECTOR | 1 | $10,962 |
| MICHAEL GOWER | DIRECTOR | 1 | $10,962 |
| DENIS MILLER | Chairman | 4 | $10,962 |
| LORI FERGUSON | Treasurer | 1 | $10,962 |
| BEAU VAN LOENEN | Secretary | 2 | $10,962 |
Frequently Asked Questions
How large is Albert & Leona a Morgan Charitable?
As of 2024, Albert & Leona a Morgan Charitable holds $10.0M in total assets with $549K in annual revenue. It awarded 1 grants totaling $475K in 2024.
Where does Albert & Leona a Morgan Charitable operate?
Albert & Leona a Morgan Charitable has awarded grants in Kansas.
What size grants does Albert & Leona a Morgan Charitable award?
In 2024, Albert & Leona a Morgan Charitable awarded 1 grants totaling $475K — an average of about $475K per grant, based on its IRS Form 990 filings.
How much is Albert & Leona a Morgan Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Albert & Leona a Morgan Charitable reported a distributable amount of $580K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Albert & Leona a Morgan Charitable's EIN?
Albert & Leona a Morgan Charitable's EIN (Employer Identification Number) is 48-1126706. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Albert & Leona a Morgan Charitable's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.