Morton-kelly Charitable Trust

Foundation · Grantmaker PORTLAND, ME EIN: 01-0442078

Morton-kelly Charitable Trust is a private foundation, based in PORTLAND, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20.2M in total assets. In 2024, it awarded 1 grants totaling $1.3M. Net investment income was $3.6M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$20.2M

+13.4% YoY

Annual Giving

$1.3M

+4.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$1.3M

+4.3% YoY

Under IRS private-foundation payout rules, Morton-kelly Charitable Trust reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.

About Morton-kelly Charitable Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maine $5.8M (100%)

States

Maine

Cities

PortlandVarious

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$20,243,296	$17,851,579	$18,136,423
Revenue	$3,731,306	$1,247,086	$414,275
Expenses	$1,495,859	$1,422,642	$1,320,142
Qualifying Distributions	$1,388,309	$1,343,363	$1,115,187
Net Investment Income	$3,623,756	$1,167,807	$214,445
Distributable Amount	$1,304,137	$1,141,332	$1,149,465

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Open Grants

1 open opportunity from Morton-kelly Charitable Trust

Foundation

Morton-Kelly Charitable Trust Grant

MORTON-KELLY CHARITABLE TRUST

Amount

Up to US $20,000

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See attached schedule ($1,305,500).

Recipient	Purpose	Amount
See attached schedule Portland, ME	Operating and project support	$1,305,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JANET HENRY	DIRECTOR	1	$5,000
MICHAEL J QUINLAN	SECRETARY TREASURER AND DIRECTOR	1	—
MARILYN A LALUMIERE	PRESIDENT AND DIRECTOR	1	$5,000
ERIK C JORGENSEN	DIRECTOR	1	$5,000
DOUGLAS HENRY	DIRECTOR	1	$5,000
SHEILA JANS	DIRECTOR	1	$5,000

Frequently Asked Questions

How large is Morton-kelly Charitable Trust?

As of 2024, Morton-kelly Charitable Trust holds $20.2M in total assets with $3.7M in annual revenue. It awarded 1 grants totaling $1.3M in 2024.

Where does Morton-kelly Charitable Trust operate?

Morton-kelly Charitable Trust has awarded grants in Maine.

What size grants does Morton-kelly Charitable Trust award?

In 2024, Morton-kelly Charitable Trust awarded 1 grants totaling $1.3M — an average of about $1.3M per grant, based on its IRS Form 990 filings.

How much is Morton-kelly Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Morton-kelly Charitable Trust reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.