Pete Morgan Foundation Trust
Pete Morgan Foundation Trust is a private foundation, based in Denver, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $695K in total assets. In 2024, it awarded 9 grants totaling $410K. Net investment income was $263K.
Pete Morgan Foundation Trust at a glance
In short: Pete Morgan Foundation Trust gave $410K across 9 grants in 2024 (avg $46K), mostly in Colorado. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $410,000
- -5.6% vs 2023
- Grants made (2024)
- 9
- +12.5% vs 2023
- Average grant
- $45,556
- -16.1% vs 2023
- Median grant
- $25,000
- Total assets
- $695,030
- -17.6% vs 2023
- Primary geography
- Colorado (60% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Pete Morgan Foundation Trust funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Wellspring Church ($150K). Together the top 9 received $410K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 20 grants of 32 (63%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How Pete Morgan Foundation Trust gives
- Giving fell 78% from 2021 to 2024. Method
- In 2024 it paid out 495% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $410K (2024) to $1.8M (2021). In 2024 it made 9 grants totaling $410K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wellspring Church Englewood, CO | Gifts of Cash | $150,000 |
| National Christian Foundation Alpharetta, GA | Gifts of Cash | $100,000 |
| Save Our Youth Denver, CO | Gifts of Cash | $50,000 |
| Mordecai Network Superior, CO | Gifts of Cash | $35,000 |
| Asone Ministries Sioux Falls, SD | Gifts of Cash | $25,000 |
| Promised Land Living Schaumburg, IL | Gifts of Cash | $25,000 |
| Grace Honolulu Honolulu, HI | Gifts of Cash | $10,000 |
| Life Center Ethiopia Centennial, CO | Gifts of Cash | $10,000 |
| Salesmanship Club Charitable Golf of Dallas Dallas, TX | Gifts of Cash | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $695,030 | $271,185 | $419,500 | $410,000 | 9 | $411,750 | $263,435 | $83,200 |
| 2023 | $843,345 | $261,592 | $445,688 | $434,250 | 8 | $437,344 | $253,248 | $81,769 |
| 2022 | $1,020,941 | $367,668 | $882,170 | $855,000 | 5 | $863,085 | $353,583 | $98,464 |
| 2021 | $1,580,035 | $792,859 | $1,901,606 | $1,844,620 | 5 | $1,864,608 | $765,860 | $161,989 |
| 2020 | $2,650,690 | $378,801 | $606,920 | $590,000 | 5 | — | $369,770 | $195,627 |
Under IRS private-foundation payout rules, Pete Morgan Foundation Trust reported a distributable amount of $83K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Pete Morgan Foundation Trust is led by Kylee McVaney Lourie, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Kylee McVaney Lourie
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Pete Morgan Foundation Trust
How much does Pete Morgan Foundation Trust give each year?
Pete Morgan Foundation Trust gave $410K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $434K across 8 grants.
What is Pete Morgan Foundation Trust's typical grant size?
Pete Morgan Foundation Trust's median grant in 2024 was $25,000, and its average grant was $45,556, across 9 grants on its 2024 IRS Form 990-PF.
Where does Pete Morgan Foundation Trust give grants?
Pete Morgan Foundation Trust gives mostly in Colorado: 60% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Georgia (24%) and South Dakota (6%).
Does Pete Morgan Foundation Trust give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on Pete Morgan Foundation Trust's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Gifts of Cash" (9 grants).
Who are Pete Morgan Foundation Trust's largest grantees?
Pete Morgan Foundation Trust's largest 2024 grantees include Wellspring Church ($150,000), National Christian Foundation ($100,000) and Save Our Youth ($50,000), according to its 2024 IRS Form 990-PF. Together they received 73% of its itemized 2024 grant dollars.
How large is Pete Morgan Foundation Trust?
Pete Morgan Foundation Trust reported $695K in total assets on its 2024 IRS Form 990-PF. It paid out $412K in qualifying distributions that year, against a required minimum of $83K (roughly 5% of its investment assets).
What is Pete Morgan Foundation Trust's EIN?
Pete Morgan Foundation Trust's EIN (Employer Identification Number) is 47-0833529. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2020–2024
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