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
Under IRS private-foundation payout rules, The Morgan E Cline Perpetual reported a distributable amount of $576K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Indian Hills Community College Foundation ($100,000), City of Exline ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CITY OF EXLINE EXLINE, IA | CEMETERY MAINTENANCE | $1,000 |
| INDIAN HILLS COMMUNITY COLLEGE FOUNDATION OTTUMWA, IA | CONSTRUCTION OF NEW FACILITY | $100,000 |
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
Frequently Asked Questions
What is The Morgan E Cline Perpetual?
The Morgan E Cline Perpetual is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CENTERVILLE, IA. It holds $15.0M in total assets as of 2024.
How large is The Morgan E Cline Perpetual?
As of 2024, The Morgan E Cline Perpetual holds $15.0M in total assets with $2.3M in annual revenue. It awarded 2 grants totaling $101K in 2024.
Where does The Morgan E Cline Perpetual operate?
The Morgan E Cline Perpetual has awarded grants in Iowa.
What size grants does The Morgan E Cline Perpetual award?
In 2024, The Morgan E Cline Perpetual awarded 2 grants totaling $101K — an average of about $51K per grant, based on its IRS Form 990 filings.
How much is The Morgan E Cline Perpetual required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Morgan E Cline Perpetual reported a distributable amount of $576K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Morgan E Cline Perpetual's EIN?
The Morgan E Cline Perpetual's EIN (Employer Identification Number) is 47-7016421. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in The Morgan E Cline Perpetual's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.