Mortenson Family Foundation Inc is a private foundation focused on Housing & Shelter, based in MOUNT PLEASANT, SC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $284K in total assets. In 2024, it awarded 5 grants totaling $25K. Net investment income was $23K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$284K
+7.5% YoY
Annual Giving
$25K
+0.0% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$5K
-40.0% YoY
Under IRS private-foundation payout rules, Mortenson Family Foundation Inc reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
About Mortenson Family Foundation Inc
Based on IRS filings
Mortenson Family Foundation Inc is a private foundation focused on Housing & Shelter, based in MOUNT PLEASANT, SC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $284K in total assets. In 2024, it awarded 5 grants totaling $25K. Net investment income was $23K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2021 |
|---|---|---|---|
| Total Assets | $283,749 | $263,863 | $351,183 |
| Revenue | $48,279 | $12,748 | $351,183 |
| Expenses | $28,393 | $38,844 | — |
| Qualifying Distributions | $25,009 | $32,135 | — |
| Net Investment Income | $23,048 | $2,372 | $1,582 |
| Distributable Amount | $13,544 | $12,296 | $1,480 |
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
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Samaritan's Purse ($10,000), St Jude's Childrens Hospital ($5,000), John Hageee Ministries ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SAMARITAN'S PURSE BOONE, NC | GENERAL SUPPORT | $10,000 |
| ST JUDE'S CHILDRENS HOSPITAL MEMPHIS, TN | GENERAL SUPPORT | $5,000 |
| JILL'S HOUSE VIENNA, VA | GENERAL SUPPORT | $2,500 |
| SANCTUARY OF HOPE SAN ANTONIO, TX | GENERAL SUPPORT | $2,500 |
| JOHN HAGEEE MINISTRIES SAN ANTONIO, TX | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STAN MORTENSON | DIRECTOR | 1 | — |
| THERESA SIEVERS | DIRECTOR | 1 | — |
| CRISANNE MORTENSON | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mortenson Family Foundation Inc?
Mortenson Family Foundation Inc is a private foundation focused on Housing & Shelter, based in MOUNT PLEASANT, SC. It holds $284K in total assets as of 2024.
How large is Mortenson Family Foundation Inc?
As of 2024, Mortenson Family Foundation Inc holds $284K in total assets with $48K in annual revenue. It awarded 5 grants totaling $25K in 2024.
Where does Mortenson Family Foundation Inc operate?
Mortenson Family Foundation Inc has awarded grants in North Carolina, New York, Tennessee, Texas, Virginia.
What size grants does Mortenson Family Foundation Inc award?
In 2024, Mortenson Family Foundation Inc awarded 5 grants totaling $25K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Mortenson Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mortenson Family Foundation Inc reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mortenson Family Foundation Inc's EIN?
Mortenson Family Foundation Inc's EIN (Employer Identification Number) is 87-3181996. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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