Dudley & Walter Morgan Foundation
Dudley & Walter Morgan Foundation is a private foundation, based in Nashville, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $534K in total assets. In 2024, it awarded 7 grants totaling $30K. Net investment income was $25K.
Dudley & Walter Morgan Foundation at a glance
In short: Dudley & Walter Morgan Foundation gave $30K across 7 grants in 2024 (avg $4K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $30,000
- Grants made (2024)
- 7
- Average grant
- $4,286
- Median grant
- $5,000
- Total assets
- $533,555
- -0.9% vs 2023
- Primary geography
- North Carolina (57% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Dudley & Walter Morgan Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Friends of Lick Creek ($6K). Together the top 7 received $30K.
Grant Size Distribution
52 grants across all recorded years
The most common grant size was under $50K: 52 grants of 52 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Dudley & Walter Morgan Foundation gives
- Giving grew 114% from 2021 to 2024. Method
- In 2024 it paid out 103% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $14K (2021) to $30K (2024). In 2024 it made 7 grants totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Friends of Lick Creek Nashville, TN | Annual Fund | $5,500 |
| All Saints Episcopal Church Linville, NC | Annual Fund | $5,000 |
| Wee Kirk Presbyterian Church Linville, NC | Operating Fund | $5,000 |
| Various Small Contributions Nashville, TN | Operating Fund | $5,000 |
| The Crossmore School Newland, NC | Operating | $3,500 |
| The Linville Foundation Linville, NC | Flood Relief | $3,500 |
| Montgomery Bell Academy Nashville, TN | Annual Fund | $2,500 |
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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 | $533,555 | $31,252 | $36,129 | $30,000 | 7 | $30,000 | $25,123 | $28,989 |
| 2023 | $538,297 | $28,189 | $5,890 | — | — | — | $22,299 | $25,923 |
| 2022 | $510,979 | $27,932 | $20,451 | $14,000 | 18 | $14,000 | $21,481 | $26,165 |
| 2021 | $502,662 | $36,255 | $20,190 | $14,000 | 8 | — | $30,065 | $24,774 |
| 2020 | $522,431 | $10,965 | $31,845 | $26,000 | 19 | — | $5,345 | $24,274 |
Under IRS private-foundation payout rules, Dudley & Walter Morgan Foundation reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Dudley & Walter Morgan Foundation is led by Dudley Morgan, President on every filing since 2021; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Dudley Morgan
President
On filings since 2021
No compensation reported
Walter M. Morgan III
Trustee
On filings since 2020
No compensation reported
William G. Morgan
Secretary
On filings since 2020
No compensation reported
Former officers (1)
- Former: Dudley White (2020) — President
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.
Frequently asked questions about Dudley & Walter Morgan Foundation
How much does Dudley & Walter Morgan Foundation give each year?
Dudley & Walter Morgan Foundation gave $30K across 7 grants in 2024, according to its 2024 IRS Form 990-PF.
What is Dudley & Walter Morgan Foundation's typical grant size?
Dudley & Walter Morgan Foundation's median grant in 2024 was $5,000, and its average grant was $4,286, across 7 grants on its 2024 IRS Form 990-PF.
Where does Dudley & Walter Morgan Foundation give grants?
Dudley & Walter Morgan Foundation gives mostly in North Carolina: 57% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Tennessee (43%). The most frequent recipient cities were Linville, NC (3 grants) and Nashville, TN (3 grants).
Does Dudley & Walter Morgan Foundation give general operating support?
Yes: 86% of Dudley & Walter Morgan Foundation's 2024 grants with a stated purpose (6 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Dudley & Walter Morgan Foundation's largest grantees?
Dudley & Walter Morgan Foundation's largest 2024 grantees include Friends of Lick Creek ($5,500), All Saints Episcopal Church ($5,000) and Wee Kirk Presbyterian Church ($5,000), according to its 2024 IRS Form 990-PF. Together they received 52% of its itemized 2024 grant dollars.
How large is Dudley & Walter Morgan Foundation?
Dudley & Walter Morgan Foundation reported $534K in total assets on its 2024 IRS Form 990-PF. It paid out $30K in qualifying distributions that year, against a required minimum of $29K (roughly 5% of its investment assets).
What is Dudley & Walter Morgan Foundation's EIN?
Dudley & Walter Morgan Foundation's EIN (Employer Identification Number) is 62-1585196. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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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