The Morey Foundation
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 grant totaling $560K. Net investment income was $2.5M.
The Morey Foundation at a glance
In short: The Morey Foundation gave $560K across 1 grant in 2024 (avg $560K), mostly in Michigan. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $559,580
- -12.1% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $559,580
- -12.1% vs 2023
- Median grant
- $559,580
- Total assets
- $30,369,649
- +2.6% vs 2023
- Primary geography
- Michigan (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Morey Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was See Attachment ($560K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Morey Foundation gives
- Giving fell 30% from 2021 to 2024. Method
- In 2024 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $422K (2020) to $1.1M (2022). In 2024 it made 1 grant totaling $560K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attachment Mount Pleasant, MI | Various | $559,580 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $30,369,649 | $2,702,721 | $1,953,718 | $559,580 | 1 | $1,422,197 | $2,450,848 | $1,526,317 |
| 2023 | $29,606,632 | $2,210,481 | $3,042,103 | $636,590 | 1 | $2,653,382 | $1,923,473 | $1,453,944 |
| 2022 | $30,454,740 | $1,551,071 | $2,011,309 | $1,101,331 | 1 | $1,475,907 | $1,321,094 | $1,533,124 |
| 2021 | $30,866,889 | $3,299,828 | $1,887,329 | $797,436 | 1 | $1,374,817 | $3,041,060 | $1,644,612 |
| 2020 | $29,454,434 | $1,161,481 | $1,388,273 | $421,598 | 1 | — | $930,456 | $1,433,571 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Morey Foundation is led by Lon Morey, President on every filing since 2020; all 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
Lon Morey
President
On filings since 2020
25 hrs/week
$31K (2020) → $30K (2024)
Gina Gentile
Vice President & Trustee
On filings since 2020
1 hr/week
$3K (2020) → $2K (2024)
Krista Morey
Vice President & Trustee
On filings since 2020
1 hr/week
$3K (2020) → $2K (2024)
Laura King
Vice President & Trustee
On filings since 2020
1 hr/week
$3K (2020) → $2K (2024)
Larry Noch
Treasurer & Secretary
On filings since 2020
5 hrs/week
$5K (2020) → $18K (2024)
Former officers (1)
- Former: Terra Lynn Boone (2020–2023) — Vice President & Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $30K, to LON Morey (President). 5 officers or directors reported compensation on that filing.
Frequently asked questions about The Morey Foundation
How much does The Morey Foundation give each year?
The Morey Foundation gave $560K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $637K across 1 grant.
How large is The Morey Foundation?
The Morey Foundation reported $30.4M in total assets on its 2024 IRS Form 990-PF. It paid out $1.4M in qualifying distributions that year, against a required minimum of $1.5M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Morey Foundation operate?
The Morey Foundation has awarded grants in Michigan.
What is The Morey Foundation's EIN?
The Morey Foundation's EIN (Employer Identification Number) is 38-2965346. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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