The Morello Foundation
The Morello Foundation is a private foundation, based in OCEAN CITY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $327K in total assets. In 2024, it awarded 3 grants totaling $17K. Net investment income was $21K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$327K
+0.2% YoY
Annual Giving
$17K
+0.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$6K
+0.0% YoY
About The Morello Foundation
Based on IRS filings
The Morello Foundation is a private foundation, based in OCEAN CITY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $327K in total assets. In 2024, it awarded 3 grants totaling $17K. Net investment income was $21K.
Ready to take the next step with The Morello Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $326,890 | $326,171 | $325,876 |
| Revenue | $20,616 | $21,666 | $15,740 |
| Expenses | $19,899 | $21,371 | $20,188 |
| Qualifying Distributions | $17,000 | $17,000 | $17,000 |
| Net Investment Income | $20,616 | $21,666 | $15,740 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Our Lady of Mercy Academy ($8,000), Shore Medical Center ($5,000), Saint Augustine Prep ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SHORE MEDICAL CENTER HAMMONTON, NJ | SCHOLARSHIP | $5,000 |
| OUR LADY OF MERCY ACADEMY NEWFIELD, NJ | SCHOLARSHIP | $8,000 |
| SAINT AUGUSTINE PREP RICHLAND, NJ | SCHOLARSHIP | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL A MORELLO | Trustee | 1 | — |
| MATTHEW MORELLO | Trustee | 1 | — |
| JENNIFER MORELLO FISS | Trustee | 1 | — |
Frequently Asked Questions
How large is The Morello Foundation?
As of 2024, The Morello Foundation holds $327K in total assets with $21K in annual revenue. It awarded 3 grants totaling $17K in 2024.
Where does The Morello Foundation operate?
The Morello Foundation has awarded grants in New Jersey.
What size grants does The Morello Foundation award?
In 2024, The Morello Foundation awarded 3 grants totaling $17K — an average of about $6K per grant, based on its IRS Form 990 filings.
What is The Morello Foundation's EIN?
The Morello Foundation's EIN (Employer Identification Number) is 23-7051152. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Morello Foundation'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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