Richard S Morrison Foundation

ASHTABULA, OH EIN: 34-1535819

Richard S Morrison Foundation is a private foundation, based in ASHTABULA, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $208K in total assets. In 2024, it awarded 5 grants totaling $73K. Net investment income was $29K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$208K

-17.6% YoY

Annual Giving

$73K

+263.7% YoY

Grant Count

5

+150.0% YoY

Avg Grant Size

$15K

+45.5% YoY

Under IRS private-foundation payout rules, Richard S Morrison Foundation reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.

About Richard S Morrison Foundation

Based on IRS filings

Richard S Morrison Foundation is a private foundation, based in ASHTABULA, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $208K in total assets. In 2024, it awarded 5 grants totaling $73K. Net investment income was $29K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Cities

AshtabulaBostonChagrin FallsClevelandGrundyKirtlandSt PetersburgWest Palm Bch

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$171K$341K$512K$682K20202021202220232024
Metric202420232022
Total Assets$207,866$252,202$266,874
Revenue$30,687$7,610$35,839
Expenses$74,858$22,283$620,157
Qualifying Distributions$72,819$20,390$610,700
Net Investment Income$28,516$5,684$27,383
Distributable Amount$13,073$12,714$39,959

Giving Over Time

Total grant dollars and number of grants per year

$0$153K$305K$458K$611K4 grants20205 grants20217 grants20222 grants20235 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

AMERICAN HEART ASSOCIATION$25KEmergency Assistance Fou…$25KKirtland Police Associates$16KSTROKINGMYSTILETTOS INC$5KThe Cleveland Clinic Fou…$1K

Grant Size Distribution

23 grants across all recorded years

20<$50K2$50–100K$100–250K$250–500K1$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include American Heart Association ($25,000), Emergency Assistance Foundation Inc ($25,000), Kirtland Police Associates ($16,432).

RecipientPurposeAmount
AMERICAN HEART ASSOCIATION CLEVELAND, OHGENERAL OPERATING$25,000
Kirtland Police Associates Kirtland, OHGENERAL SUPPORT$16,432
The Cleveland Clinic Foundation CLEVELAND, OHGENERAL SUPPORT$1,000
Emergency Assistance Foundation Inc WEST PALM BCH, FLGENERAL SUPPORT$25,000
STROKINGMYSTILETTOS INC CLEVELAND, OHGENERAL OPERATING$5,300

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
RICHARD S MORRISONPRESIDENT4
SUSAN KEASLINGOFFICER1

Frequently Asked Questions

How large is Richard S Morrison Foundation?

As of 2024, Richard S Morrison Foundation holds $208K in total assets with $31K in annual revenue. It awarded 5 grants totaling $73K in 2024.

Where does Richard S Morrison Foundation operate?

Richard S Morrison Foundation has awarded grants in Florida, Massachusetts, Ohio, Virginia.

What size grants does Richard S Morrison Foundation award?

In 2024, Richard S Morrison Foundation awarded 5 grants totaling $73K — an average of about $15K per grant, based on its IRS Form 990 filings.

How much is Richard S Morrison Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard S Morrison Foundation reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Richard S Morrison Foundation's EIN?

Richard S Morrison Foundation's EIN (Employer Identification Number) is 34-1535819. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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