Elizabeth Morse Charitable Trust Xxxxx1008
The Elizabeth Morse Charitable Trust is a private foundation established in 1992 and located in Chicago, Illinois. As a 501(c)(3) organization, it operates as an independent foundation with a staff of three employees. The foundation maintains its headquarters at 10 S Dearborn Street in Chicago's financial district.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$2.2M
+0.6% YoY
Grant Count
50
-7.4% YoY
Avg Grant Size
$45K
+8.6% YoY
Mission & Focus Areas
The foundation's mission emphasizes values-based grantmaking centered on:
- Encouraging principles of individual self-reliance, self-sacrifice, thrift, industry, and humility
- Relieving human suffering through scientific research and education regarding disease
- Assisting youth with troubled childhoods and emotional disorders
- Addressing the concerns of the elderly
- Helping humankind during times of natural and human-made disasters
- Fostering individual self-worth and dignity, with emphasis on the classical fine arts
- Developing physical health and spiritual well-being through vigorous athletic activity
- Promoting world peace and understanding through improvement of national and international means of travel by air, rail, and sea
The foundation practices values-based grantmaking to public charities, with a particular focus on developing regional solutions to Chicago's regional challenges.
Grantmaking
The foundation made $2,219,160 in annual grants in 2024. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation primarily serves Chicago and Cook County residents, with grantmaking activity also extending to Illinois, the District of Columbia, and California.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $44,213,648
- Total Revenues: $3,381,970
- Total Expenses: $3,215,420
- Total Liabilities: $0
- Annual Grants: $2,219,160
As of Fiscal Year 2023:
- Total Assets: $44,000,000 (approximately)
- Total Revenues: $2,220,000 (approximately)
- Total Expenses: $3,140,000 (approximately)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
240 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- James L. Alexander — Trustee (compensation: $324,679 as of 2023)
- Na JPMorgan Chase Bank — Trustee
- Krystal Zec — Vice President
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES L ALEXANDER | TRUSTEE | 25 | $360,216 |
Recent News & Activity
Recent developments and announcements
The foundation has demonstrated active grantmaking across multiple sectors. Recent grant recipients include organizations focused on opera and performing arts, workforce development initiatives, theater, vision restoration services, and educational research programs. The foundation maintains an active website at www.morsetrust.org and can be reached at 800-496-2583.
Elizabeth Morse Genius Foundation Gives $750,000 Toward Freshwater CurricularRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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