Morrow Family Foundation Inc

Foundation · Grantmaker ZEPHYRHILLS, FL EIN: 85-4204056

Morrow Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ZEPHYRHILLS, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $631K in total assets. In 2024, it awarded 3 grants totaling $658K. Net investment income was $145.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$631K

+355.5% YoY

Annual Giving

$658K

+156.8% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$219K

+71.2% YoY

Under IRS private-foundation payout rules, Morrow Family Foundation Inc reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.

About Morrow Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $1.1M (100%)

States

Florida

Cities

ChieflandLakelandPlant City

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$631,228	$138,583	$145,714
Revenue	$1,150,145	$250,121	$275,026
Expenses	$657,500	$257,252	$216,634
Qualifying Distributions	$657,500	$257,127	$216,634
Net Investment Income	$145	—	$26
Distributable Amount	$8,329	$7,110	$7,012

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

9 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include First Baptist Church of Plant City ($500,000), Lakeland Christian School ($150,000), South Florida Baptist Hospital Foundation ($7,500).

Recipient	Purpose	Amount
LAKELAND CHRISTIAN SCHOOL LAKELAND, FL	CAPITAL/BUILDING GIFTS	$150,000
SOUTH FLORIDA BAPTIST HOSPITAL FOUNDATION PLANT CITY, FL	DIAMONDS AND DENIM ANNUAL FUNDRAISER	$7,500
FIRST BAPTIST CHURCH OF PLANT CITY PLANT CITY, FL	CAPITAL GIFTS	$500,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FAYE DIANE MORROW	PRESIDENT	1	—
DAVID WILLIAM BILL MORROW	VICE PRESIDENT	1	—
CHAD WILLIAM MORROW	TREASURER	1	—
TONYA MICHELLE LAWSON	SECRETARY	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Morrow Family Foundation Inc?

Morrow Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ZEPHYRHILLS, FL. It holds $631K in total assets as of 2024.

How large is Morrow Family Foundation Inc?

As of 2024, Morrow Family Foundation Inc holds $631K in total assets with $1.2M in annual revenue. It awarded 3 grants totaling $658K in 2024.

Where does Morrow Family Foundation Inc operate?

Morrow Family Foundation Inc has awarded grants in Florida.

What size grants does Morrow Family Foundation Inc award?

In 2024, Morrow Family Foundation Inc awarded 3 grants totaling $658K — an average of about $219K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Morrow Family Foundation Inc reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.