Morse Family Foundation Inc

AUSTIN, TX EIN: 74-2637207

Morse Family Foundation Inc is a private foundation, based in AUSTIN, TX. IRS filing data is available from 2020 through 2024. In 2024, it awarded 5 grants totaling $618K. Net investment income was $18K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$618K

+1515.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$124K

+1515.3% YoY

Under IRS private-foundation payout rules, Morse Family Foundation Inc reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.

About Morse Family Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Rhode Island $581K (75%)

Texas $192K (25%)

States

Rhode Island Texas

Cities

AustinWarwick

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	—	$599,739	$609,031
Revenue	$36,429	$42,608	$13,695
Expenses	$636,168	$51,900	$55,773
Qualifying Distributions	$617,615	$38,235	$42,271
Net Investment Income	$17,876	$28,943	$10,542
Distributable Amount	$39,648	$36,211	$38,235

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

32 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Vanguard Charitable Endowment Program ($581,404), Austin Achieve Public Schools ($18,106), Austin Pets Alive ($6,035).

Recipient	Purpose	Amount
AUSTIN ACHIEVE PUBLIC SCHOOLS AUSTIN, TX	COMMUNITY SUPPORT	$18,106
AUSTIN PETS ALIVE AUSTIN, TX	CENTRAL TEXAS AREA	$6,035
FOUNDATION COMMUNITIES AUSTIN, TX	COMMUNITY SUPPORT	$6,035
THE SALVATION ARMY AUSTIN, TX	CENTRAL TEXAS AREA	$6,035
VANGUARD CHARITABLE ENDOWMENT PROGRAM WARWICK, RI	COMMUNITY SUPPORT	$581,404

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SCOTT N MORSE CO BROWN MCCARROLL	PRES/SEC/TREASURER	—	—
MARY MORSE	VICE PRESIDENT	—	—
JP MORGAN CHASE BANK	AGENT	—	—

Frequently Asked Questions

Where does Morse Family Foundation Inc operate?

Morse Family Foundation Inc has awarded grants in Rhode Island, Texas.

What size grants does Morse Family Foundation Inc award?

In 2024, Morse Family Foundation Inc awarded 5 grants totaling $618K — an average of about $124K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Morse Family Foundation Inc reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.