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 2024. As of 2024, the organization holds $925K in total assets. In 2024, it awarded 3 grants totaling $48K. Net investment income was $45K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$925K
-0.3% YoY
Annual Giving
$48K
-2.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$16K
-2.0% YoY
Under IRS private-foundation payout rules, Louise Bowen Morris Charitable Trust First reported a distributable amount of $51K for 2024 — the minimum it must pay out in qualifying distributions.
About Louise Bowen Morris Charitable Trust First
Based on IRS filings
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 2024. As of 2024, the organization holds $925K in total assets. In 2024, it awarded 3 grants totaling $48K. Net investment income was $45K.
Focus Areas
Ready to take the next step with Louise Bowen Morris Charitable Trust First?
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 | $924,856 | $927,188 | $1,003,239 |
| Revenue | $61,537 | $-11,831 | $49,201 |
| Expenses | $64,255 | $63,858 | $73,452 |
| Qualifying Distributions | $48,000 | $49,002 | $55,926 |
| Net Investment Income | $45,067 | $10,224 | $33,380 |
| Distributable Amount | $51,185 | $47,581 | $49,056 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Union Presbyterian Seminary ($16,000), First Presbyterian Church ($16,000), First Presbyterian Church ($16,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNION PRESBYTERIAN SEMINARY RICHMOND, VA | CONTRIBUTION | $16,000 |
| FIRST PRESBYTERIAN CHURCH MARTINSVILLE, VA | CONTRIBUTION | $16,000 |
| FIRST PRESBYTERIAN CHURCH BLUEFIELD, WV | GENERAL FUNDING | $16,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FIRST CITIZENS BANK | TRUSTEE | — | $15,199 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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 $925K in total assets as of 2024.
How large is Louise Bowen Morris Charitable Trust First?
As of 2024, Louise Bowen Morris Charitable Trust First holds $925K in total assets with $62K in annual revenue. It awarded 3 grants totaling $48K in 2024.
Where does Louise Bowen Morris Charitable Trust First operate?
Louise Bowen Morris Charitable Trust First has awarded grants in Virginia, West Virginia.
What size grants does Louise Bowen Morris Charitable Trust First award?
In 2024, Louise Bowen Morris Charitable Trust First awarded 3 grants totaling $48K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Louise Bowen Morris Charitable Trust First required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Louise Bowen Morris Charitable Trust First reported a distributable amount of $51K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Louise Bowen Morris Charitable Trust First's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Jimmy A Payne Family Foundation
SCOTTSDALE, AZ
Assets
$527K
Grants
5
Total Given
$90K
Hilda Smith Permanent Scholarship Endowment
KANSAS CITY, MO
Assets
$452K
Grants
9
Total Given
$18K
The Weary Family Foundation
MANHATTAN, KS
Assets
$10.0M
Grants
28
Total Given
$3.0M
The Community Foundation Inc
RICHMOND, VA
Assets
$852.4M
Grants
917
Total Given
$61.8M
T Rowe Price Program for Charitable
BALTIMORE, MD
Assets
$648.3M
Grants
2,900
Total Given
$132.5M
The Winston-Salem Foundation
WINSTONSALEM, NC
Assets
$630.1M
Grants
823
Total Given
$88.8M
The Stelio and Betty Tracy Corte
BLUEFIELD, WV
Assets
$2.4M
Grants
62
Total Given
$217K
H P Bridges 1952 Main Ac Ta-irrev
BUFFALO, NY
Assets
$973K
Grants
9
Total Given
$80K
The Anna M Day Foundation
CHARLOTTESVILLE, VA
Assets
$1.4M
Grants
12
Total Given
$95K
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
O Temple Sloan Jr Foundation
RALEIGH, NC
Assets
$37.1M
Grants
212
Total Given
$2.5M
E Rhodes and Leona B Carpenter Foundation
RADNOR, PA
Assets
$251.7M
Grants
310
Total Given
$14.4M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Louise Bowen Morris Charitable Trust First on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities