The Morey Foundation

MOUNT PLEASANT, MI EIN: 38-2965346

The Morey Foundation is a private foundation, based in MOUNT PLEASANT, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $30.4M in total assets. In 2024, it awarded 1 grants totaling $560K. Net investment income was $2.5M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$30.4M

+2.6% YoY

Annual Giving

$560K

-12.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$560K

-12.1% YoY

Under IRS private-foundation payout rules, The Morey Foundation reported a distributable amount of $1.5M for 2024 — the minimum it must pay out in qualifying distributions.

About The Morey Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $3.5M (100%)

States

Michigan

Cities

Mount Pleasant

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$30,369,649	$29,606,632	$30,454,740
Revenue	$2,702,721	$2,210,481	$1,551,071
Expenses	$1,953,718	$3,042,103	$2,011,309
Qualifying Distributions	$1,422,197	$2,653,382	$1,475,907
Net Investment Income	$2,450,848	$1,923,473	$1,321,094
Distributable Amount	$1,526,317	$1,453,944	$1,533,124

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See Attachment ($559,580).

Recipient	Purpose	Amount
SEE ATTACHMENT MOUNT PLEASANT, MI	VARIOUS	$559,580

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LON MOREY	PRESIDENT	25	$30,000
LARRY NOCH	TREAS/SEC	5	$18,000
KRISTA MOREY	VP/TRUSTEE	1	$1,500
GINA GENTILE	VP/TRUSTEE	1	$1,500
LAURA KING	VP/TRUSTEE	1	$1,500

Frequently Asked Questions

How large is The Morey Foundation?

As of 2024, The Morey Foundation holds $30.4M in total assets with $2.7M in annual revenue. It awarded 1 grants totaling $560K in 2024.

Where does The Morey Foundation operate?

The Morey Foundation has awarded grants in Michigan.

What size grants does The Morey Foundation award?

In 2024, The Morey Foundation awarded 1 grants totaling $560K — an average of about $560K per grant, based on its IRS Form 990 filings.

How much is The Morey Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Morey Foundation reported a distributable amount of $1.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.