Moreton Family Foundation

Foundation · Grantmaker Salt Lake City, UT EIN: 87-6133476

Moreton Family Foundation is a private foundation, based in Salt Lake City, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 4 grants totaling $50K. Net investment income was $33K.

Key facts about Moreton Family Foundation

EIN: 87-6133476
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $49,500
Grants made (2024): 4
Average grant: $12,375
Median grant: $11,750
Total assets: $1,219,214
Primary geography: Utah (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Moreton Family Foundation funds

By grant dollars, the top recipient states for Moreton Family Foundation's 4 itemized 2024 grants were Utah (100%). The most frequent recipient cities were Salt Lake City, UT (3 grants). None of its 4 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (4 grants).

How Moreton Family Foundation gives

Giving fell 25% from 2021 to 2024. Method
In 2024 it paid out 71% 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.

Next steps with Moreton Family Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.2M

-1.9% YoY

Annual Giving

$50K

+35.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$12K

+35.6% YoY

Under IRS private-foundation payout rules, Moreton Family Foundation reported a distributable amount of $83K for 2024 — the minimum it must pay out in qualifying distributions.

About Moreton Family Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Utah $50K (100%)

Share of all 4 itemized 2024 grant dollars.

States

Utah

Cities

Salt Lake CityMillcreekOremDraperSouth Jordan

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,219,214	$1,242,906	$1,198,840
Revenue	$37,185	$84,307	$223,119
Expenses	$60,877	$40,241	$62,751
Qualifying Distributions	$58,550	$36,500	$58,200
Net Investment Income	$32,758	$78,466	$16,468
Distributable Amount	$82,774	$76,423	$85,902

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

29 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Utah Symphony & Opera ($25,000), U of U Business School ($20,000), Neighbourhood House ($3,500).

Recipient	Purpose	Amount
UTAH SYMPHONY & OPERA Salt Lake City, UT	CHARITABLE	$25,000
U OF U BUSINESS SCHOOL Salt Lake City, UT	CHARITABLE	$20,000
NEIGHBOURHOOD HOUSE Salt Lake City, UT	CHARITABLE	$3,500
MALIHEH FREE CLINIC Millcreek, UT	CHARITABLE	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Edward B Moreton	Trustee	—	—
William R Moreton	Trustee	—	—
Judith S Moreton	Trustee	—	$8,000
Michael Rasmussen	Trustee	—	—
Stephanie Fulton	Trustee	—	—

Frequently Asked Questions

How large is Moreton Family Foundation?

As of 2024, Moreton Family Foundation holds $1.2M in total assets with $37K in annual revenue. It awarded 4 grants totaling $50K in 2024.

Where does Moreton Family Foundation operate?

Moreton Family Foundation has awarded grants in Utah.

What size grants does Moreton Family Foundation award?

In 2024, Moreton Family Foundation awarded 4 grants totaling $50K — an average of about $12K per grant, based on its IRS Form 990 filings.

How much is Moreton Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Moreton Family Foundation reported a distributable amount of $83K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.