Kelley & Morgan Families Foundation
Kelley & Morgan Families Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TEXARKANA, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 25 grants totaling $172K. Net investment income was $137K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.6M
-1.9% YoY
Annual Giving
$172K
+29.5% YoY
Grant Count
25
+19.0% YoY
Avg Grant Size
$7K
+8.8% YoY
Under IRS private-foundation payout rules, Kelley & Morgan Families Foundation reported a distributable amount of $94K for 2025 — the minimum it must pay out in qualifying distributions.
About Kelley & Morgan Families Foundation
Based on IRS filings
Kelley & Morgan Families Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TEXARKANA, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 25 grants totaling $172K. Net investment income was $137K.
Focus Areas
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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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,641,522 | $1,673,927 | $1,740,692 |
| Revenue | $137,409 | $66,369 | $20,501 |
| Expenses | $172,314 | $133,134 | $101,133 |
| Qualifying Distributions | $172,094 | $132,800 | $99,080 |
| Net Investment Income | $137,189 | $66,035 | $18,448 |
| Distributable Amount | $93,813 | $85,058 | $86,123 |
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 2025
Grant Size Distribution
90 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Texarkana Symphony Orchestra ($21,000), Texas A&m University Texarkana ($20,000), Wtamu Foundation ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALZHEIMER'S ALLIANCE TEXARKANA, TX | FURTHERANCE OF EXEMPT PURPOSES | $2,500 |
| ARKANSAS GAME AND FISH LITTLE ROCK, AR | FURTHERANCE OF EXEMPT PURPOSE | $10,000 |
| CASA OF NORTHEAST TEXAS TEXARKANA, TX | FURTHERANCE OF EXEMPT PURPOSES | $7,500 |
| CHRISTUS ST MICHAEL FOUNDATION TEXARKANA, TX | FURTHERANCE OF EXEMPT PURPOSE | $5,500 |
| FEARFULLY AND WONDERFULLY MADE TEXARKANA, TX | FURTHERANCE OF EXEMPT PURPOSE | $1,500 |
| HARVEST REGIONAL FOOD BANK TEXARKANA, AR | FURTHERANCE OF EXEMPT PURPOSE | $2,000 |
| HOSPICE OF TEXARKANA TEXARKANA, TX | FURTHERANCE OF EXEMPT PURPOSE | $10,000 |
| HYDE PARK SCHOOLS AUSTIN, TX | FURTHERANCE OF EXEMPT PURPOSE | $5,000 |
| MAIN STREET TEXARKANA TEXARKANA, TX | FURTHERANCE OF EXEMPT PURPOSE | $1,000 |
| NEW BEGINNINGS CHURCH SIMMS, TX | FURTHERANCE OF EXEMPT PURPOSE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JUDY KELLEY MORGAN | PRESIDENT | — | — |
| HAVEN MORGAN PEARCY | SECRETARY | — | — |
| SHELBY MORGAN WANSTRATH | DIRECTOR | — | — |
| RYAN PATRICK MORGAN | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Kelley & Morgan Families Foundation?
Kelley & Morgan Families Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TEXARKANA, TX. It holds $1.6M in total assets as of 2025.
How large is Kelley & Morgan Families Foundation?
As of 2025, Kelley & Morgan Families Foundation holds $1.6M in total assets with $137K in annual revenue. It awarded 25 grants totaling $172K in 2025.
Where does Kelley & Morgan Families Foundation operate?
Kelley & Morgan Families Foundation has awarded grants in Arkansas, Florida, Kansas, Texas.
What size grants does Kelley & Morgan Families Foundation award?
In 2025, Kelley & Morgan Families Foundation awarded 25 grants totaling $172K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Kelley & Morgan Families Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Kelley & Morgan Families Foundation reported a distributable amount of $94K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kelley & Morgan Families Foundation's EIN?
Kelley & Morgan Families Foundation's EIN (Employer Identification Number) is 26-4050040. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Kelley & Morgan Families Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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