Freeman & Norma Morgan Scholarship is a private foundation focused on Education, based in SPARKS, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $205K in total assets. In 2024, it awarded 2 grants totaling $14K. Net investment income was $10K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$205K
-3.8% YoY
Annual Giving
$14K
+0.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$7K
+0.0% YoY
Under IRS private-foundation payout rules, Freeman & Norma Morgan Scholarship reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
About Freeman & Norma Morgan Scholarship
Based on IRS filings
Freeman & Norma Morgan Scholarship is a private foundation focused on Education, based in SPARKS, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $205K in total assets. In 2024, it awarded 2 grants totaling $14K. Net investment income was $10K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $205,165 | $213,162 | $224,145 |
| Revenue | $10,348 | $6,963 | $5,294 |
| Expenses | $18,345 | $17,946 | $12,969 |
| Qualifying Distributions | $14,000 | $14,000 | $12,000 |
| Net Investment Income | $10,348 | $6,963 | $2,739 |
| Distributable Amount | $12,189 | $11,249 | $11,204 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Nevada RenoFoundation ($12,000), Western Nevada College Foundation ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| University of Nevada RenoFoundation Reno, NV | University of Nevada Reno Scholarship | $12,000 |
| Western Nevada College Foundation Carson City, NV | Western Nevada College Foundation | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Glenda Price | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Freeman & Norma Morgan Scholarship?
Freeman & Norma Morgan Scholarship is a private foundation focused on Education, based in SPARKS, NV. It holds $205K in total assets as of 2024.
How large is Freeman & Norma Morgan Scholarship?
As of 2024, Freeman & Norma Morgan Scholarship holds $205K in total assets with $10K in annual revenue. It awarded 2 grants totaling $14K in 2024.
Where does Freeman & Norma Morgan Scholarship operate?
Freeman & Norma Morgan Scholarship has awarded grants in Nevada.
What size grants does Freeman & Norma Morgan Scholarship award?
In 2024, Freeman & Norma Morgan Scholarship awarded 2 grants totaling $14K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Freeman & Norma Morgan Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Freeman & Norma Morgan Scholarship reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Freeman & Norma Morgan Scholarship's EIN?
Freeman & Norma Morgan Scholarship's EIN (Employer Identification Number) is 26-4639594. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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