Burton D Morgan Foundation Inc
Burton D Morgan Foundation Inc is a private, independent foundation established in 1967 by entrepreneur and philanthropist Burton D. Morgan. Based in Hudson, Ohio, the foundation is dedicated to advancing the principles of free enterprise and entrepreneurship. The foundation champions free enterprise education and provides opportunities to support organizations and individuals that embody the entrepreneurial spirit.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$202.8M
+8.9% YoY
Annual Giving
$5.8M
-21.3% YoY
Grant Count
166
-8.3% YoY
Avg Grant Size
$35K
-14.2% YoY
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.
Mission & Focus Areas
The foundation's mission is to strengthen free enterprise by investing in people and entities that embody the entrepreneurial spirit. The foundation supports:
- Entrepreneurship education
- Second-stage businesses
- Funding for entrepreneurs
- Capital access for entrepreneurs
- Community development initiatives
The foundation has identified its official purpose as making gifts, grants, or loans to other organizations. Funding interests include social and human services, arts and culture, education, and community development.
Grantmaking
Burton D Morgan Foundation's grantmaking is largely proactive, with the foundation typically working closely with grantee partners over multiple years to achieve maximum impact. The foundation's capacity to approve new grant requests each year is limited.
Grant Types
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation provides support geographically in Northeast Ohio, with particular focus on Hudson, Ohio. The foundation supports initiatives aimed at rejuvenating economic competitiveness in Northeast Ohio.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2023:
- Total Assets: $186,139,622
- Annual Revenue: $12.5 million
- Annual Expenses: $10.9 million
- Total Liabilities: $1.12 million
Historical Context: The foundation was granted charitable status in February 1968. The foundation's major donor is Burton D. Morgan.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $202,790,094 | $186,139,622 | $173,175,106 |
| Revenue | $15,153,041 | $12,510,340 | $7,374,725 |
| Expenses | $11,699,387 | $10,875,475 | $11,725,143 |
| Qualifying Distributions | $8,979,699 | $10,214,859 | $9,846,162 |
| Net Investment Income | $11,418,969 | $11,701,044 | $4,503,363 |
| Distributable Amount | $9,390,206 | $8,449,454 | $8,884,408 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Burton D Morgan Foundation Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bounce Innovation Hub ($393,500), Case Western Reserve University ($180,000), Community Initiatives ($151,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ACCESS INC AKRON, OH | TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $20,000 |
| AKRON COMMUNITY FOUNDATION AKRON, OH | TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $20,000 |
| AKRON MARATHON CHARITABLE CORPORATION AKRON, OH | TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $2,620 |
| AKRON ROUNDTABLE CUYAHOGA FALLS, OH | SPONSORSHIP OF THE AKRON STATE OF THE CITY ADDRESS IN 2024 | $500 |
| AKRON ZOOLOGICAL PARK AKRON, OH | TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
| ALLEGHENY COLLEGE MEADVILLE, PA | TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $25,000 |
| ALLIANCE FIRST FRIENDS CHURCH ALLIANCE, OH | OPERATING SUPPORT FOR THE ALLIANCE FRIENDS CHRISTIAN ACADEMY | $5,000 |
| AMERICAN NATIONAL RED CROSS BOONE, IA | 2024 HURRICANE RELIEF | $50,000 |
| AMERICARES STAMFORD, CT | TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $15,000 |
| ASHLAND UNIVERSITY ASHLAND, OH | MORGAN STARTUP GRANTS PROGRAM IN 2024 | $15,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Gina Dotson serves as a program officer and is the primary contact for grant-related inquiries.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DANIEL J HAMPU | PRESIDENT/CEO | 40 | $350,025 |
| DENISE M GRIGGS | VICE PRESIDENT/CFO | 40 | $240,250 |
| RICHARD N SEAMAN | CHAIRPERSON | 2 | $15,000 |
| PATRICK T FINLEY | TREASURER | 2 | $15,000 |
| KEITH A BROWN | TRUSTEE | 2 | $15,000 |
| J MICHAEL HOCHSCHWENDER | TRUSTEE | 2 | $15,000 |
| MARK D ROBESON | TRUSTEE | 2 | $15,000 |
| EDDIE TAYLOR JR | TRUSTEE | 2 | $15,000 |
| JENNIFER L PESHINA | TRUSTEE | 2 | $15,000 |
Recent News & Activity
Recent developments and announcements
The foundation has been active in awarding grants to support its mission:
Burton D. Morgan Foundation awards $3.2 million in grants to support entrepreneurshipIn 2024, Burton D Morgan Foundation awarded $3.2 million in grants to support entrepreneurship
Burton D. Morgan Foundation awards $3.2 million in grants to support entrepreneurshipThe foundation awarded over $1.7 million to Northeast Ohio groups in 2023
Burton D. Morgan Foundation awards $3.2 million in grants to support entrepreneurshipThe foundation awarded more than $1.1 million to area organizations in recent grant cycles
Burton D. Morgan Foundation awards $3.2 million in grants to support entrepreneurshipCenter for Arts-Inspired Learning received a $20,000 grant from the foundation
Center for Arts-Inspired Learning Receives $20,000 Grant from Burton D.\The foundation developed a new strategic plan to guide activities and grantmaking from 2024-2026. As part of this plan, entrepreneurship education for youth is now being funded through YIPPEE, and the foundation will not consider applications for youth entrepreneurship education projects.
Burton D. Morgan Foundation awards $3.2 million in grants to support entrepreneurshipContact Information
Burton D Morgan Foundation
22 Aurora Street
Hudson, Ohio 44236
Phone: 330-655-1660
Fax: 330-655-1673
For grant-related inquiries: gdotson@bdmorganfdn.org
Frequently Asked Questions
What does Burton D Morgan Foundation Inc fund?
The foundation's mission is to strengthen free enterprise by investing in people and entities that embody the entrepreneurial spirit. The foundation supports: • Entrepreneurship education • Second-stage businesses • Funding for entrepreneurs • Capital access for entrepreneurs • Community development initiatives The foundation has identified its official purpose as making gifts, grants, or loans to other organizations. Funding interests include social and human services, arts and culture, educat…
How do I apply for a grant from Burton D Morgan Foundation Inc?
Burton D Morgan Foundation's grantmaking is largely proactive, with the foundation typically working closely with grantee partners over multiple years to achieve maximum impact. The foundation's capacity to approve new grant requests each year is limited. **Eligibility Requirements:** • Grants are made to organizations classified as public charities and tax-exempt under 501(c)(3) of the IRS Code • The foundation does not provide grants to individuals or startup ventures • Organizations must ali…
Where does Burton D Morgan Foundation Inc make grants?
The foundation provides support geographically in Northeast Ohio, with particular focus on Hudson, Ohio. The foundation supports initiatives aimed at rejuvenating economic competitiveness in Northeast Ohio.
What size grants does Burton D Morgan Foundation Inc award?
In 2024, Burton D Morgan Foundation Inc awarded 166 grants totaling $5.8M — an average of about $35K per grant, based on its IRS Form 990 filings.
How much is Burton D Morgan Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Burton D Morgan Foundation Inc reported a distributable amount of $9.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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