The Morgan E Cline Perpetual
The Morgan E Cline Perpetual is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CENTERVILLE, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15.0M in total assets. In 2024, it awarded 2 grants totaling $101K. Net investment income was $1.1M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.0M
+3.7% YoY
Annual Giving
$101K
-52.8% YoY
Grant Count
2
-71.4% YoY
Avg Grant Size
$51K
+65.3% YoY
About The Morgan E Cline Perpetual
Based on IRS filings
The Morgan E Cline Perpetual is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CENTERVILLE, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15.0M in total assets. In 2024, it awarded 2 grants totaling $101K. Net investment income was $1.1M.
Focus Areas
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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 | $15,009,936 | $14,480,107 | $13,712,032 |
| Revenue | $2,274,746 | $1,280,364 | $1,757,703 |
| Expenses | $1,901,768 | $2,047,823 | $1,997,789 |
| Qualifying Distributions | $710,795 | $898,701 | $812,323 |
| Net Investment Income | $1,074,384 | $211,711 | $590,160 |
| Distributable Amount | $575,718 | $542,600 | $579,961 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALISON FRASER | CEO | 40 | $137,000 |
| MICHAEL CRAVER ESQ | CHAIR | 2 | $5,000 |
| BILL BUSS | VICE-CHAIR | 2 | $5,000 |
| ANN YOUNG | SECRETARY | 2 | $5,000 |
| JEFF YOUNG | TREASURER | 2 | — |
| THE IOWA TRUST AND SAVINGS BANK | CORPORATE TRUSTEE | 2 | $5,000 |
| JERRY KIRKPATRICK | TRUSTEE | 2 | $5,000 |
| MARIJO ALLEN | TRUSTEE | 2 | $5,000 |
| JOHN SCHMIDT | TRUSTEE | 2 | $5,000 |
| JUSTIN ZAPITUL | TRUSTEE | 2 | $5,000 |
| VANESSA FRASER | TRUSTEE | 2 | — |
| CONNIE STATER | TRUSTEE | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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