Burton D Morgan Foundation Inc
Burton D Morgan Foundation Inc is a private foundation based in Hudson, Ohio. Established in 1967 by entrepreneur and philanthropist Burt Morgan, it supports free enterprise and entrepreneurship by investing in people and organizations that embody the entrepreneurial spirit.
Burton D Morgan Foundation Inc at a glance
In short: Burton D Morgan Foundation Inc gave $5.8M across 166 grants in 2024 (avg $35K), mostly in Ohio. 19% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,776,500
- -21.3% vs 2023
- Grants made (2024)
- 166
- -8.3% vs 2023
- Average grant
- $34,798
- -14.2% vs 2023
- Median grant
- $18,900
- Total assets
- $202,790,094
- +8.9% vs 2023
- New grantees (estimate)
- 19% first-time grantees (27 of 141, 2024)
- Primary geography
- Ohio (90% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Burton D Morgan Foundation Inc
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The foundation accepts unsolicited requests through an interest form for prospective applicants, but its grantmaking is largely proactive and new requests are limited. Applicants should review eligibility, the strategic plan, and funding priorities before submitting an interest form. The foundation’s filing lists submission deadlines of February 1, May 1, and September 1, unless otherwise agreed with program staff and the CEO; the listed September 1, 2026 deadline has passed.
- Contact
Application contact: Foundation Only Accepts Online Appl
Mailing address: Wwwbdmorganfdnorg/Grants, Hudson, OH 44236
Phone: (330) 655-1660
Website: https://bdmorganfdn.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
2 open opportunities from Burton D Morgan Foundation Inc
Who Burton D Morgan Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Bounce Innovation Hub ($396K across 2 grants). Together the top 10 received $2.6M.
Grant Size Distribution
894 grants across all recorded years
The most common grant size was under $50K: 705 grants of 894 (79%).
Geographic Focus
Where this funder awards grants
The foundation is based in Hudson, Ohio, and its website identifies Hudson community initiatives as a funding area. In 2024, 90% of reported grant dollars went to Ohio recipients; California received 5%, while New York, Iowa, and Florida each received 1%. Several grants supported programs and organizations in an individual recipient
Grant Distribution by State
Share of 2024 grant dollars across all 166 itemized grants.
States
Cities
Is Burton D Morgan Foundation Inc open to new grantees?
19%
first-time grantees, 2024
In 2024, 27 of 141 grantees (19%) were first-time recipients. First grants averaged $10K; repeat grants $48K. How we count
Medians: $5K first-time, $20K repeat.
- 67% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−11%). Method
- In 2024 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $5.3M (2020) to $7.3M (2023). In 2024 it made 166 grants totaling $5.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bounce Innovation Hub Akron, OH | Entrepreneur Support Programs and Classroom Equipment | $393,500 |
| Jumpstart Inc Cleveland, OH | Burton D. Morgan Mentoring Program | $334,000 |
| Kent State University Foundation Kent, OH | Neolaunchnet Programming | $212,500 |
| University School Hunting Valley, OH | Youth Entrepreneurship Programming | $204,000 |
| Western Reserve Community Fund Akron, OH | To Support Business Lending in Northeast Ohio | $200,000 |
| University School Hunting Valley, OH | 2024 Enspire Conference | $180,750 |
| Case Western Reserve University Cleveland, OH | Neolaunchnet Programming | $180,000 |
| National Inventors Hall of Fame Inc North Canton, OH | Camp Invention and Invention Project Programming | $171,600 |
| Fund for Our Economic Future of Northeast Ohio Cleveland, OH | Operating support and job creation and/or entrepreneurial support activities | $170,000 |
| Lorain County Community College Foundation Elyria, OH | Neolaunchnet Programming | $157,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $202,790,094 | $15,153,041 | $11,699,387 | $5,776,500 | 166 | $8,979,699 | $11,418,969 | $9,390,206 |
| 2023 | $186,139,622 | $12,510,340 | $10,875,475 | $7,338,937 | 181 | $10,214,859 | $11,701,044 | $8,449,454 |
| 2022 | $173,175,106 | $7,374,725 | $11,725,143 | $7,187,930 | 148 | $9,846,162 | $4,503,363 | $8,884,408 |
| 2021 | $213,245,422 | $12,585,270 | $10,334,616 | $6,468,717 | 186 | $8,927,176 | $10,953,319 | $9,955,030 |
| 2020 | $188,965,982 | $19,355,232 | $7,921,522 | $5,287,051 | 213 | — | $17,760,484 | $8,061,720 |
Under IRS private-foundation payout rules, Burton D Morgan Foundation Inc reported a distributable amount of $9.4M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s mission is “Strengthening free enterprise by investing in people and entities that embody the entrepreneurial spirit.” Its stated guiding principles include preserving the free enterprise system, supporting entrepreneurship, and prioritizing partnerships that demonstrate and document measurable impact.
The foundation’s website describes initiatives including YIPPEE Exchange, an educator-directed marketplace for youth entrepreneurship education; NEOLaunchNET, which supports people interested in entrepreneurship and innovation at college campuses; and programs for second-stage businesses. It also supports microgrants for early-stage entrepreneurs through nonprofit organizations and collegiate institutions. Youth entrepreneurship education is funded through YIPPEE Exchange; the foundation says it will not consider applications for other youth entrepreneurship education projects.
The foundation’s 2024 grants included support for organizations with a range of missions. Bounce Innovation Hub describes its work as catalyzing entrepreneurship and innovation and providing services and technical assistance to early-stage and small businesses. JumpStart says it connects entrepreneurs to opportunities and resources. Western Reserve Community Fund describes its purpose as supporting community development and job creation in Ohio. The National Inventors Hall of Fame says it recognizes inventors and inventions and promotes creativity, innovation, and entrepreneurship.
Grantmaking
In filing year 2024, the foundation reported 166 grants totaling $5,776,500. Grants ranged from $250 to $393,500, with a median grant of $18,900. Its largest reported grants included $393,500 to Bounce Innovation Hub for entrepreneur support programs and classroom equipment; $334,000 to JumpStart Inc. for the Burton D. Morgan Mentoring Program; $212,500 to Kent State University Foundation for NEOLaunchNET programming; and $204,000 to University School for youth entrepreneurship programming.
The foundation says its grantmaking is largely proactive, that it often works with grantee partners over multiple years, and that capacity for new requests is limited. It makes grants to public charities exempt under section 501(c)(3) and does not provide grants to individuals or startup ventures. Organizations that have not received a grant, or are not current grantees, are directed to submit an interest form through the foundation’s online process; current grantees are directed to contact their assigned program officer. Staff work with applicants to establish grant objectives, milestones, and anticipated outcomes. Grant recipients are generally required to submit one or more outcome reports. Application forms and materials are available through the foundation’s grants process.
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation’s 2024 filing lists Daniel J. Hampu as president/CEO, Denise M. Griggs as vice president/CFO, Richard N. Seaman as chairperson, and Patrick T. Finley as treasurer. Listed trustees are Keith A. Brown, J. Michael Hochschwender, Mark D. Robeson, Eddie Taylor Jr., and Jennifer L. Peshina.
Burton D Morgan Foundation Inc is led by Daniel J. Hampu, President & CEO on every filing since 2022; all 9 officers listed in 2024 are compensated.
Officers on the 2024 filing
Daniel J. Hampu
President & CEO
On filings since 2022
40 hrs/week
$163K (2022) → $350K (2024)
Richard N. Seaman
Chairperson
Vice President → Chairperson, 2021
On filings since 2020
2 hrs/week
$15K (2020) → $15K (2024)
Eddie Taylor Jr.
Trustee
On filings since 2020
2 hrs/week
$15K (2020) → $15K (2024)
J. Michael Hochschwender
Trustee
On filings since 2020
2 hrs/week
$15K (2020) → $15K (2024)
Jennifer L. Peshina
Trustee
On filings since 2020
2 hrs/week
$15K (2021) → $15K (2024)
Keith A. Brown
Trustee
On filings since 2020
2 hrs/week
$15K (2020) → $15K (2024)
Mark D. Robeson
Trustee
On filings since 2020
2 hrs/week
$15K (2020) → $15K (2024)
Denise M. Griggs
Vice President & CFO
On filings since 2020
40 hrs/week
$206K (2020) → $240K (2024)
Patrick T. Finley
Treasurer
On filings since 2020
2 hrs/week
$15K (2020) → $15K (2024)
Former officers (1)
- Former: Deborah D Hoover (2020–2022) — President & Former CEO
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $350K, to Daniel J Hampu (President/CEO). 9 officers or directors reported compensation on that filing.
Frequently asked questions about Burton D Morgan Foundation Inc
How much does Burton D Morgan Foundation Inc give each year?
Burton D Morgan Foundation Inc gave $5.8M across 166 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $7.3M across 181 grants.
What is Burton D Morgan Foundation Inc's typical grant size?
Burton D Morgan Foundation Inc's median grant in 2024 was $18,900, and its average grant was $34,798, across 166 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Burton D Morgan Foundation Inc that year got $10K on average.
Where does Burton D Morgan Foundation Inc give grants?
Burton D Morgan Foundation Inc gives mostly in Ohio: 90% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (5%). The most frequent recipient cities were Cleveland, OH (34 grants), Akron, OH (25 grants), Hudson, OH (21 grants) and Kent, OH (8 grants).
Who are Burton D Morgan Foundation Inc's largest grantees?
Burton D Morgan Foundation Inc's largest 2024 grantees include Bounce Innovation Hub ($395,500 across 2 grants), University School ($384,750 across 2 grants) and Kent State University Foundation ($336,350 across 6 grants), according to its 2024 IRS Form 990-PF. Together they received 19% of its itemized 2024 grant dollars.
How large is Burton D Morgan Foundation Inc?
Burton D Morgan Foundation Inc reported $202.8M in total assets on its 2024 IRS Form 990-PF. It paid out $9.0M in qualifying distributions that year, against a required minimum of $9.4M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Burton D Morgan Foundation Inc fund?
The foundation’s mission is “Strengthening free enterprise by investing in people and entities that embody the entrepreneurial spirit.” See mission & focus areas ↑
How do I apply for a grant from Burton D Morgan Foundation Inc?
The foundation accepts unsolicited requests through an interest form for prospective applicants, but its grantmaking is largely proactive and new requests are limited. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Burton D Morgan Foundation Inc's EIN?
Burton D Morgan Foundation Inc's EIN (Employer Identification Number) is 34-6598971. IRS Form 990 filing data is available on this page for 2020–2024.
Does Burton D Morgan Foundation Inc accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Burton D Morgan Foundation Inc funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/burton-d-morgan-foundation-inc-morg_7946c0533cf14837afbb4ba8030a25fc
BibTeX
@misc{grantable_346598971_2026,
author = {{Grantable}},
title = {{Burton D Morgan Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/burton-d-morgan-foundation-inc-morg_7946c0533cf14837afbb4ba8030a25fc},
note = {Accessed 2026-10-10. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Burton D Morgan Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Burton D Morgan Foundation Inc down — hundreds of funders to go?