Morgan Creek Foundation
Morgan Creek Foundation is a corporate foundation based in Chapel Hill, North Carolina. Established in 2016, it operates as a 501(c)(3) exempt private foundation with a focus on supporting not-for-profit organizations that provide direct services to children and families in need within the communities where the foundation's stakeholders live and work.
Key facts about Morgan Creek Foundation
- EIN
- 20-3999739
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $341,000
- Grants made (2025)
- 36
- Average grant
- $9,472
- Median grant
- $10,000
- New grantees (estimate)
- 27% first-time grantees (6 of 22, 2025)
- Primary geography
- North Carolina (95% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited applications. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Morgan Creek Foundation funds
By grant dollars, the top recipient states for Morgan Creek Foundation's 36 itemized 2025 grants were North Carolina (95%). The most frequent recipient cities were Durham, NC (12 grants), Raleigh, NC (6 grants), Chapel Hill, NC (4 grants) and Greensboro, NC (3 grants). None of its 36 grants with a stated purpose were described as general or operating support.
Is Morgan Creek Foundation open to new grantees?
27%
first-time grantees, 2025
In 2025, 6 of 22 grantees (27%) were first-time recipients. First grants averaged $15K; repeat grants $14K. How we count
Medians: $15K first-time, $15K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Morgan Creek Foundation
- How to evaluate Morgan Creek Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Morgan Creek Foundation with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$341K
+35.0% YoY
Grant Count
36
+20.0% YoY
Avg Grant Size
$9K
+12.5% YoY
Mission & Focus Areas
The foundation seeks to fund not-for-profit organizations that provide disadvantaged children and youth with opportunities to participate in academic programs designed to help them develop skills necessary to become successful adults and contribute to their communities.
Primary funding areas include:
- Education & Academic Programs: K-12 schools, charter schools, and Head Start programs
- Child Welfare & Support Services: Programs serving hospitalized children and teens
- Nature-Based Programming: Initiatives that promote well-being and self-confidence through nature experiences
- Tutoring Programs: Academic support services in Chapel Hill
- Scholarships: Awards to graduating high school students or GED recipients who will attend post-secondary educational institutions and have affiliation with current or former Morgan Creek Foundation grantees
Grantmaking
Grant Range
$8,000–$18,000
Average Grant
Approximately $12,600–$14,000
How to Apply
**
Ready to take the next step with Morgan Creek Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in North Carolina, with additional grantmaking activity in New York and Virginia. Primary focus is on communities where the foundation's stakeholders live and work.
Grant Distribution by State
Share of all 36 itemized 2025 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024)
- Total assets: $4,208,593
- Total revenues: $283,737
- Total expenses: $260,369
- Giving rate: 5.4% of assets
Staffing
- Number of employees: 0
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2025
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
151 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Durham Literacy Center ($20,000), Morehead City Primary School ($20,000), D3 Community Outreach ($17,500).
| Recipient | Purpose | Amount |
|---|---|---|
| DURHAM LITERACY CENTER Durham, NC | TO SUPPORT HS EQUIVALENT INSTRUCTION PROGRAM | $20,000 |
| MOREHEAD CITY PRIMARY SCHOOL Morehead City, NC | TO SUPPORT TITLE WAVE BOOK MOBILE | $20,000 |
| D3 COMMUNITY OUTREACH Durham, NC | SUPPORT EDUCATIONAL AND JOB TRAINING PROGRAMS | $17,500 |
| EAST DURHAM CHILDREN'S INITIATIVE Durham, NC | TO SUPPORT EARLY CHILDHOOD SERVICES PROGRAMS | $17,500 |
| EMPOWER ALL INC Raleigh, NC | TO SUPPORT STEAM CAMP | $17,500 |
| RHODA Raleigh, NC | TO SUPPORT MENTORING GIRLS PROGRAM | $17,500 |
| BOOK HARVEST Durham, NC | SUPPORT OF THE BOOK BABIES PROGRAM | $15,000 |
| CHAPEL HILL-CARRBORO YMCA Chapel Hill, NC | TO SUPPORT Y LEARNING PROGRAM. | $15,000 |
| CHILDREN'S LITERACY PROJECT Durham, NC | TO SUPPORT HIGH SCHOOL EDUCATIONAL AND TUTORING PROGRAMS | $15,000 |
| DURHAM NATIVITY SCHOOL INC Durham, NC | GRADUATE SUPPORT INITIATIVES | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mark W Yusko | Director/President | 1 | — |
| Stacey Yusko | Director/VP/Dir. of Grants | 1 | — |
| Michael P Hennessy | Board Member | 0.5 | — |
| Will Bacon | Secretary | 1 | — |
| Mark Vannoy | Board Member | 0.5 | — |
| Taylor Thurman | Board Member | 0.5 | — |
Recent Activity
Recent developments and announcements
In 2024, Morgan Creek Foundation made 32 grants across its programming areas, assisting 18 organizations. The foundation continues to focus on direct service provision to children and families in need through academic enrichment, nature-based wellness initiatives, and educational support programs.
Morgan Crest Web3 Foundation Allocates $30 Million to Advance AI and Web3Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Morgan Creek Foundation fund?
The foundation seeks to fund not-for-profit organizations that provide disadvantaged children and youth with opportunities to participate in academic programs designed to help them develop skills necessary to become successful adults and contribute to their communities. Primary funding areas include: • **Education & Academic Programs**: K-12 schools, charter schools, and Head Start programs • **Child Welfare & Support Services**: Programs serving hospitalized children and teens • **Nature-Based…
How do I apply for a grant from Morgan Creek Foundation?
The foundation does not accept unsolicited applications. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Morgan Creek Foundation make grants?
The foundation primarily funds organizations in North Carolina, with additional grantmaking activity in New York and Virginia. Primary focus is on communities where the foundation's stakeholders live and work.
What size grants does Morgan Creek Foundation award?
In 2025, Morgan Creek Foundation awarded 36 grants totaling $341K — an average of about $9K per grant, based on its IRS Form 990 filings.
What is Morgan Creek Foundation's EIN?
Morgan Creek Foundation's EIN (Employer Identification Number) is 20-3999739. IRS Form 990 filing data is available on this page for 2019–2025.
Does Morgan Creek Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Explore Open Grants
Browse active grant opportunities in Morgan Creek Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Triangle Community Foundation Inc
Durham, NC
Assets
$335.8M
Grants
599
Total Given
$26.7M
United Way of the Greater Triangle Inc
Durham, NC
Assets
$3.0M
Grants
51
Total Given
$3.7M
Duke Energy Foundation
Charlotte, NC
Assets
$1.9M
Grants
41
Total Given
$25.6M
Strowd Roses Inc
Chapel Hill, NC
Assets
—
Grants
26
Total Given
$247K
Fox Family Foundation Inc
Durham, NC
Assets
$9.5M
Grants
30
Total Given
$523K
FM Kirby Foundation Inc
Morristown, NJ
Assets
$310.4M
Grants
264
Total Given
$16.8M
Duke University
Durham, NC
Assets
$22.1B
Grants
108
Total Given
$4.3M
State Employees Credit Union Foundation
Raleigh, NC
Assets
—
Grants
1,806
Total Given
$17.4M
Foundation for the Carolinas
Charlotte, NC
Assets
$3.9B
Grants
1,605
Total Given
$609.1M
Dogwood Health Trust
Asheville, NC
Assets
$2.0B
Grants
835
Total Given
$148.2M
The Winston-Salem Foundation
Winstonsalem, NC
Assets
$630.1M
Grants
823
Total Given
$88.8M
The Pfizer Foundation Inc
New York, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
More Funders in North Carolina
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.