The Margaret Clark Morgan Foundation
The Margaret Clark Morgan Foundation is a private grantmaking foundation established in 2001 in Hudson, Ohio. The foundation was founded by Margaret "Peg" Clark Morgan and her husband, Burton D. Morgan. In 2018, the foundation adopted the operating name "Peg's Foundation" to better honor its founder, though it remains legally known as The Margaret Clark Morgan Foundation. The foundation operates as a social entrepreneur, creating measurable social impact through strategic grant investments and operates under the tagline "Think Bigger."
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$111.0M
+4.0% YoY
Annual Giving
$2.5M
-3.8% YoY
Grant Count
45
-15.1% YoY
Avg Grant Size
$56K
+13.3% YoY
Under IRS private-foundation payout rules, The Margaret Clark Morgan Foundation reported a distributable amount of $4.2M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Mission: Improve the lives of people with serious mental illness by investing in innovative projects in Northeast Ohio having national transformational impact.
Primary Focus Areas:
- Mental health (primary focus)
- Education (secondary focus)
- Arts (secondary focus)
The foundation was established after Margaret Clark Morgan's personal experience raising her son who had schizophrenia when adequate help was not available. This foundational experience shaped the organization's commitment to mental health innovation and system change.
Grantmaking
Since 2001, the foundation has granted over $45 million to mental health, education, and the arts.
Grant Range
$1,000 - $690,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
- Primary focus: Northeast Ohio (18 counties)
- Mental health grants: Northeast Ohio region
- Arts funding: Summit County
- Education funding: Summit and Portage counties
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- Total assets (2024): $110,988,942
- Total assets (2023): $106,714,972
Annual Activity:
- Total giving (2024): $2,523,074
- Total giving (2023): $2,609,962
- Total revenues (2024): $9,432,602
- Total expenses (2024): $5,874,338
- Total liabilities (2023): $3,060,000
Staffing:
- 6 employees
Tax Status:
- 501(c)(3) designation
- Tax-exempt since October 2001
- EIN: 34-1948246
- Files Form 990-PF annually
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $110,988,942 | $106,714,972 | $97,737,073 |
| Revenue | $9,432,602 | $6,015,973 | $2,895,384 |
| Expenses | $5,874,338 | $5,455,523 | $4,329,336 |
| Qualifying Distributions | $11,966,477 | $8,572,844 | $5,160,338 |
| Net Investment Income | $6,523,216 | $3,732,854 | $882,622 |
| Distributable Amount | $4,242,907 | $4,551,050 | $4,955,601 |
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
238 grants across all recorded years
Open Grants
2 open opportunities from The Margaret Clark Morgan Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Neomed Foundation ($1,200,000), Treatment Advocacy Center ($195,000), Summit Educational Service Center ($124,890).
| Recipient | Purpose | Amount |
|---|---|---|
| ADVOCACY CHOICES & EMPOWERMENT NEW PHILADELPHIA, OH | ANNUAL OVERNIGHT EXPERIENCE 2024 | $9,000 |
| AKRON ART MUSEUM AKRON, OH | GENERAL OPERATING SUPPORT 2024-2025 | $20,000 |
| AKRON CIVIC THEATRE AKRON, OH | SPA 2020-2025 | $20,000 |
| AKRON SYMPHONIC WINDS HUDSON, OH | MUSIC AND MUSIC EDUCATION FOR NE OHIO 2024-2025 | $7,500 |
| APOLLO'S FIRE-THE CLEVELAND BAROQUE ORCHESTRA CLEVELAND HEIGHTS, OH | SEASON SUPPORT AND CAI & MOSAIC PROJECT 2024-2025 | $15,000 |
| ART SPARKS CUYAHOGA FALLS, OH | EXPANSION OF DYNAMITE DUOS PROGRAM 2024-2025 | $5,500 |
| ARTSNOW AKRON, OH | ARTSFORWARD, A FUNDING INITIATIVE 2024-2025 | $30,000 |
| BALLET THEATRE OF OHIO MUNROE FALLS, OH | SPA 2022-2025 | $25,000 |
| BLICK CLINIC AKRON, OH | VOCATIONAL SUCCESS PROGRAM 2024-2027 | $37,500 |
| CHILDREN'S CONCERT SOCIETY AKRON, OH | SPA 2024-2027 | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Victoria Romanda: Chief of Staff
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICK KELLAR | PRESIDENT | 60 | $338,000 |
| JONATHAN T PAVLOFF | CHAIR | 15 | $28,000 |
| ROBERT D KALLSTROM | TREASURER | 15 | $28,000 |
| JEFFERY T KNOLL | SECRETARY | 15 | $28,000 |
| A WILLIAM MCGRAW | TRUSTEE | 15 | $28,000 |
| DOUGLAS MCKAY | TRUSTEE | 15 | $28,000 |
| MARTIN HAUSER | TRUSTEE | 15 | $28,000 |
| SUZANNE GRAHAM | TRUSTEE | 15 | $28,000 |
| PATRICE FETZER | TRUSTEE | 15 | $28,000 |
Recent News & Activity
Recent developments and announcements
The foundation has been active in convening stakeholder forums on mental health issues, including topics such as expressive arts therapy and geriatric mental health. The foundation also provides support for arts prizes and operates The Margaret Clark Morgan art gallery, which promotes arts in Summit County. Recent outreach efforts have focused on creating discussion, sharing knowledge, and building collaborative opportunities with other leaders, funders, and organizations to form resource partnerships aligned with the foundation's mission.
Margaret Clark Morgan Foundation Has New Name - NEOMEDContact Information
Address: 53 First Street, Hudson, OH 44236
Phone: (330) 655-1366
Email: inquiry@pegsfoundation.org
Website: https://pegsfoundation.org
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Margaret Clark Morgan Foundation fund?
**Mission:** Improve the lives of people with serious mental illness by investing in innovative projects in Northeast Ohio having national transformational impact. **Primary Focus Areas:** • Mental health (primary focus) • Education (secondary focus) • Arts (secondary focus) The foundation was established after Margaret Clark Morgan's personal experience raising her son who had schizophrenia when adequate help was not available. This foundational experience shaped the organization's commitment …
How do I apply for a grant from The Margaret Clark Morgan Foundation?
**Grant Activity (2023-2024):** • Annual giving: $2.6 million • Number of grants: 52-53 annually • Grant range: $1,000 - $690,000 • Median grant: $15,000 • Giving rate: 2.5% of assets **Application Process:** • Accepts applications • Application cycle: Twice yearly (fall and spring) for mental health grants • Decision time: Within 30 days of grant award meeting • Application portal: https://pegsfoundation.smartsimple.com/ **Recent Grants (2024):** • NEOMED Foundation: $1,200,000 (Promoting Inno…
Where does The Margaret Clark Morgan Foundation make grants?
• **Primary focus:** Northeast Ohio (18 counties) • **Mental health grants:** Northeast Ohio region • **Arts funding:** Summit County • **Education funding:** Summit and Portage counties
What size grants does The Margaret Clark Morgan Foundation award?
In 2024, The Margaret Clark Morgan Foundation awarded 45 grants totaling $2.5M — an average of about $56K per grant, based on its IRS Form 990 filings.
How much is The Margaret Clark Morgan Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Margaret Clark Morgan Foundation reported a distributable amount of $4.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Margaret Clark Morgan Foundation's EIN?
The Margaret Clark Morgan Foundation's EIN (Employer Identification Number) is 34-1948246. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Margaret Clark Morgan Foundation's focus areas in our free grants database
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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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