The Jess and Palma Morgan Foundation
The Jess and Palma Morgan Foundation is a private family foundation established in 1990 and based in Los Angeles, California. The foundation is supported by Morgan Bypass Trust and operates as a 501(c)(3) organization.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.6M
+2.8% YoY
Annual Giving
$318K
-8.0% YoY
Grant Count
17
-10.5% YoY
Avg Grant Size
$19K
+2.9% YoY
Under IRS private-foundation payout rules, The Jess and Palma Morgan Foundation reported a distributable amount of $333K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation makes grants to nonprofit organizations, with recent grants ranging from $25,000 to $40,000.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending December 2023:
- Total Assets: $5,411,493
- Total Expenses: $488,950
- Total Revenues: -$82,295
- Number of Employees: 0
Prior Year Comparison (FY 2022):
- Total grants, contributions received: $350,840 (2022)
- Total grants, contributions received: $0 (2023)
The foundation's assets have remained relatively stable, with total assets of approximately $5.4 million as of the most recent filing.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,564,658 | $5,411,493 | $5,972,157 |
| Revenue | $603,403 | $-82,295 | $651,517 |
| Expenses | $496,162 | $488,950 | $612,114 |
| Qualifying Distributions | $317,500 | $345,000 | $375,000 |
| Net Investment Income | $520,222 | $97,454 | $142,316 |
| Distributable Amount | $333,237 | $319,082 | $340,361 |
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
77 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Children's Hospital Los Angeles ($40,000), Cedars-sinai Medical Center ($25,000), Fisher House Foundation ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CASA OF LOS ANGELES MONTEREY PARK, CA | GENERAL | $10,000 |
| CATHOLIC CHARITIES OF LOS ANGELES LOS ANGELES, CA | GENERAL | $20,000 |
| CEDARS-SINAI MEDICAL CENTER LOS ANGELES, CA | GENERAL | $25,000 |
| CHILDREN'S HOSPITAL LOS ANGELES LOS ANGELES, CA | GENERAL | $40,000 |
| DOWNTOWN WOMEN'S CENTER LOS ANGELES, CA | GENERAL | $17,500 |
| FISHER HOUSE FOUNDATION ROCKVILLE, MD | GENERAL | $25,000 |
| FRIENDLY HOUSE LOS ANGELES, CA | GENERAL | $22,500 |
| GRIFFITH OBSERVATORY FOUNDATION LOS ANGELES, CA | GENERAL | $25,000 |
| HAVE A SOLE LONG BEACH, CA | GENERAL | $20,000 |
| JACK & JILL LATE STAGE CANCER FOUNDATION CHICAGO, IL | GENERAL | $12,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Susan J Ollweiler — President
- Timothy D Bodner — Chief Financial Officer
Both officers received no compensation as of the most recent reporting period (2023-2024).
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARY LEVENSTEIN | SECRETARY & DIRECTOR | — | — |
| SUSAN J OLLWEILER | PRESIDENT & DIRECTOR | — | — |
| GENE TORNCELLO | VICE PRESIDENT & DIRECTOR | — | — |
| TIMOTHY D BODNER | CHIEF FINANCIAL OFFICER | — | — |
Frequently Asked Questions
How do I apply for a grant from The Jess and Palma Morgan Foundation?
The foundation makes grants to nonprofit organizations, with recent grants ranging from $25,000 to $40,000. **Recent Grant Recipients (2023):** • Children's Hospital Los Angeles (CHLA) — $40,000 • Fisher House Foundation — $30,000 • Women's Guild Cedars-Sinai Medical Center — $25,000 The foundation made approximately 15 grants in 2023. Grant descriptions are typically listed as "General" support.
What size grants does The Jess and Palma Morgan Foundation award?
In 2024, The Jess and Palma Morgan Foundation awarded 17 grants totaling $318K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is The Jess and Palma Morgan Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Jess and Palma Morgan Foundation reported a distributable amount of $333K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Jess and Palma Morgan Foundation's EIN?
The Jess and Palma Morgan Foundation's EIN (Employer Identification Number) is 95-4279684. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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