Hugh Morson Mem Scholarship Fund
Hugh Morson Mem Scholarship Fund is a private foundation, based in SAINT LOUIS, MO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $683K in total assets. In 2024, it awarded 12 grants totaling $33K. Net investment income was $25K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$683K
-1.7% YoY
Annual Giving
$33K
-5.7% YoY
Grant Count
12
-14.3% YoY
Avg Grant Size
$3K
+10.0% YoY
Under IRS private-foundation payout rules, Hugh Morson Mem Scholarship Fund reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.
About Hugh Morson Mem Scholarship Fund
Based on IRS filings
Hugh Morson Mem Scholarship Fund is a private foundation, based in SAINT LOUIS, MO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $683K in total assets. In 2024, it awarded 12 grants totaling $33K. Net investment income was $25K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $683,211 | $694,693 | $721,661 |
| Revenue | $34,909 | $21,248 | $30,747 |
| Expenses | $49,585 | $50,947 | $57,190 |
| Qualifying Distributions | $40,278 | $42,181 | $45,272 |
| Net Investment Income | $25,073 | $13,004 | $20,001 |
| Distributable Amount | $41,551 | $39,553 | $40,077 |
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
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Johnson & Wales University ($2,750), Florida A&m University ($2,750), University of South Carolina ($2,750).
| Recipient | Purpose | Amount |
|---|---|---|
| JOHNSON & WALES UNIVERSITY CHARLOTTE, NC | SCHOLARSHIP | $2,750 |
| FLORIDA A&M UNIVERSITY TALLAHASSEE, FL | SCHOLARSHIP | $2,750 |
| UNIVERSITY OF SOUTH CAROLINA COLUMBIA, SC | SCHOLARSHIP | $2,750 |
| WESTERN CAROLINA UNIVERSITY CULLOWHEE, NC | SCHOLARSHIP | $2,750 |
| LIBERTY UNIVERSITY LYNCHBURG, VA | SCHOLARSHIP | $2,750 |
| UNIVERSITY OF NORTH CAROLINA CHAPEL HILL CHAPEL HILL, NC | SCHOLARSHIP | $2,750 |
| LEBANON VALLEY COLLEGE ANNVILLE, PA | SCHOLARSHIP | $2,750 |
| UNIVERSITY OF NORTH CAROLINA CHARLOTTE CHARLOTTE, NC | SCHOLARSHIP | $2,750 |
| UNIVERSITY OF NORTH CAROLINA GREENSBORO GREENSBORO, NC | SCHOLARSHIP | $2,750 |
| NORTH CAROLINA STATE UNIVERSITY RALEIGH, NC | SCHOLARSHIP | $2,750 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WELLS FARGO BANK N A | TRUSTEE | 1 | $12,053 |
Frequently Asked Questions
How large is Hugh Morson Mem Scholarship Fund?
As of 2024, Hugh Morson Mem Scholarship Fund holds $683K in total assets with $35K in annual revenue. It awarded 12 grants totaling $33K in 2024.
Where does Hugh Morson Mem Scholarship Fund operate?
Hugh Morson Mem Scholarship Fund has awarded grants in Florida, Georgia, Illinois, North Carolina, New York, Pennsylvania, South Carolina, Virginia.
What size grants does Hugh Morson Mem Scholarship Fund award?
In 2024, Hugh Morson Mem Scholarship Fund awarded 12 grants totaling $33K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Hugh Morson Mem Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hugh Morson Mem Scholarship Fund reported a distributable amount of $42K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hugh Morson Mem Scholarship Fund's EIN?
Hugh Morson Mem Scholarship Fund's EIN (Employer Identification Number) is 23-7418060. 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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