Robert and Karen Morgan Family is a private foundation focused on Human Services, based in MOUND, MN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 11 grants totaling $129K. Net investment income was $65K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
+4.7% YoY
Annual Giving
$129K
+4.2% YoY
Grant Count
11
+57.1% YoY
Avg Grant Size
$12K
-33.7% YoY
Under IRS private-foundation payout rules, Robert and Karen Morgan Family reported a distributable amount of $72K for 2024 — the minimum it must pay out in qualifying distributions.
About Robert and Karen Morgan Family
Based on IRS filings
Robert and Karen Morgan Family is a private foundation focused on Human Services, based in MOUND, MN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 11 grants totaling $129K. Net investment income was $65K.
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 | 2022 |
|---|---|---|---|
| Total Assets | $1,482,606 | $1,415,647 | $1,420,727 |
| Revenue | $80,618 | $48,364 | $1,500,727 |
| Expenses | $146,172 | $149,545 | $80,000 |
| Qualifying Distributions | $129,203 | $124,000 | $80,000 |
| Net Investment Income | $65,024 | $41,017 | $727 |
| Distributable Amount | $72,108 | $69,509 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Minnesota Foundation ($64,203), Delta Tau Delta Educational Foundation ($13,000), Cross Generation Dba Connected Families ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHOPS INC MINNEAPOLIS, MN | GENERAL PURPOSE EXEMPT FUNCTION GRANT | $5,000 |
| CROSS GENERATION DBA CONNECTED FAMILIES PLYMOUTH, MN | GENERAL PURPOSE EXEMPT FUNCTION GRANT | $10,000 |
| HILLSIDE COLLEGE HILLSDALE, MI | GENERAL PURPOSE EXEMPT FUNCTION GRANT | $5,000 |
| UNIVERSITY OF MINNESOTA FOUNDATION MINNEAPOLIS, MN | GENERAL PURPOSE EXEMPT FUNCTION GRANT | $64,203 |
| WE CAN MOUND, MN | GENERAL PURPOSE EXEMPT FUNCTION GRANT | $10,000 |
| DELTA TAU DELTA EDUCATIONAL FOUNDATION FISHERS, IN | GENERAL PURPOSE EXEMPT FUNCTION GRANT | $13,000 |
| WESTONKA COMMUNITY EDUCATION YOUTH SPORTS & RECREATION MOUND, MN | GENERAL PURPOSE EXEMPT FUNCTION GRANT | $5,000 |
| THE ROTARY FOUNDATION EVANSTON, IL | GENERAL PURPOSE EXEMPT FUNCTION GRANT | $10,000 |
| QUAIL CREEK VETERANS ASSOCIATION GREEN VALLEY, AZ | GENERAL PURPOSE EXEMPT FUNCTION GRANT | $1,000 |
| MERCATUS CENTER - GEO MASON UNIVERSITY PITTSBURGH, PA | GENERAL PURPOSE EXEMPT FUNCTION GRANT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT MORGAN | DIRECTOR | 1 | — |
| KAREN MORGAN | DIRECTOR | 0.6 | — |
| AMY MORGAN | DIRECTOR | 0.2 | — |
| MARTINA MORGAN | DIRECTOR | 0.2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Robert and Karen Morgan Family?
Robert and Karen Morgan Family is a private foundation focused on Human Services, based in MOUND, MN. It holds $1.5M in total assets as of 2024.
How large is Robert and Karen Morgan Family?
As of 2024, Robert and Karen Morgan Family holds $1.5M in total assets with $81K in annual revenue. It awarded 11 grants totaling $129K in 2024.
Where does Robert and Karen Morgan Family operate?
Robert and Karen Morgan Family has awarded grants in Arizona, Illinois, Indiana, Michigan, Minnesota, North Carolina, Pennsylvania, Texas.
What size grants does Robert and Karen Morgan Family award?
In 2024, Robert and Karen Morgan Family awarded 11 grants totaling $129K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Robert and Karen Morgan Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Robert and Karen Morgan Family reported a distributable amount of $72K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Robert and Karen Morgan Family's EIN?
Robert and Karen Morgan Family's EIN (Employer Identification Number) is 88-4382460. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Robert and Karen Morgan Family's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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