Louise Bowen Morris Charitable Trust First
Louise Bowen Morris Charitable Trust First is a private foundation focused on Education, based in Raleigh, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $918K in total assets. In 2025, it awarded 2 grants totaling $51K. Net investment income was $45K.
Louise Bowen Morris Charitable Trust First at a glance
In short: Louise Bowen Morris Charitable Trust First gave $51K across 2 grants in 2025 (avg $25K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $50,823
- +5.9% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $25,412
- +58.8% vs 2024
- Median grant
- $25,412
- Total assets
- $917,888
- -0.8% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Louise Bowen Morris Charitable Trust First funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was First Presbyterian Church ($34K). Together the top 2 received $51K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 14 grants of 14 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Louise Bowen Morris Charitable Trust First gives
- Giving held roughly steady from 2022 to 2025 (−9%). Method
- In 2025 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $48K (2024) to $56K (2022). In 2025 it made 2 grants totaling $51K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Presbyterian Church Martinsville, VA | Contribution | $33,882 |
| Union Presbyterian Seminary Richmond, VA | Contribution | $16,941 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $917,888 | $58,881 | $65,883 | $50,823 | 2 | $50,823 | $44,931 | $54,450 |
| 2024 | $924,856 | $61,537 | $64,255 | $48,000 | 3 | $48,000 | $45,067 | $51,185 |
| 2023 | $927,188 | $-11,831 | $63,858 | $49,002 | 3 | $49,002 | $10,224 | $47,581 |
| 2022 | $1,003,239 | $49,201 | $73,452 | $55,926 | 3 | $55,926 | $33,380 | $49,056 |
| 2021 | $1,027,625 | $108,377 | $68,744 | $50,083 | 3 | $50,083 | $90,748 | $55,926 |
| 2020 | $985,335 | $72,955 | $65,907 | $49,500 | 3 | — | $56,962 | $50,485 |
Under IRS private-foundation payout rules, Louise Bowen Morris Charitable Trust First reported a distributable amount of $54K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Louise Bowen Morris Charitable Trust First's only listed officer is First Citizens Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
First Citizens Bank
Trustee
On filings since 2020
$15K (2020) → $13K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $13K, to First Citizens Bank (Trustee).
Frequently asked questions about Louise Bowen Morris Charitable Trust First
How much does Louise Bowen Morris Charitable Trust First give each year?
Louise Bowen Morris Charitable Trust First gave $51K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $48K across 3 grants.
How large is Louise Bowen Morris Charitable Trust First?
Louise Bowen Morris Charitable Trust First reported $918K in total assets on its 2025 IRS Form 990-PF. It paid out $51K in qualifying distributions that year, against a required minimum of $54K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Louise Bowen Morris Charitable Trust First?
Louise Bowen Morris Charitable Trust First is a private foundation focused on Education, based in Raleigh, NC. It holds $918K in total assets as of 2025.
Where does Louise Bowen Morris Charitable Trust First operate?
Louise Bowen Morris Charitable Trust First has awarded grants in Virginia, West Virginia.
What is Louise Bowen Morris Charitable Trust First's EIN?
Louise Bowen Morris Charitable Trust First's EIN (Employer Identification Number) is 56-6349544. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
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