Elizabeth Morse Charitable Trust Xxxxx1008 logo

Elizabeth Morse Charitable Trust Xxxxx1008

CHICAGO, IL EIN: 36-6999365 Website

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

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

3states

Cities

BELLWOODBERWYNCHICAGOCHOICAGOCOUNTRY CLUB HILLSDES PLAINESEVANSTONGLENCOEGLENVIEWHIGHLAND PARKLISLELOMBARDOAK PARKOAKLANDPALATINERIVER FORESTSCHAUMBURGTINLEY PARKUNIONWASHINGTON

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)
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.120202021202220232024
Metric202420232022
Total Assets
Revenue
Expenses
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$636K$1M$2M$3M47 grants202046 grants202147 grants202254 grants202350 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

CHICAGO OPERA THEATER$250KP33$150KCHICAGO THEATRE GROUP INC$100KCHINESE AMERICAN SERVICE…$100KPUERTO RICAN ARTS ALLIANCE$100KILLINOIS JUSTICE PROJECT$100KREADERS INSTITUTE FOR CO…$98KCOALITION TO SAVE OUR ME…$83KNAVY PIER$83KJOFFREY BALLET OF CHICAGO$75K

Grant Size Distribution

240 grants across all recorded years

159<$50K50$50–100K28$100–250K2$250–500K1$500K–1M$1–5M$5M+

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

JAMES L ALEXANDERTRUSTEE$360K

From 2024 filing

NameTitleHoursCompensation
JAMES L ALEXANDERTRUSTEE25$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 Curricular

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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