The Morgan Foundation Inc
The Morgan Foundation Inc is a private foundation, based in Bartlesville, OK. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $217K in total assets. In 2025, it awarded 4 grants totaling $17K. Net investment income was $14K.
Key facts about The Morgan Foundation Inc
In short: The Morgan Foundation Inc gave $17K across 4 grants in 2025 (avg $4K), mostly in Oklahoma. Source: 2025 IRS Form 990-PF.
- EIN
- 23-7022613
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $17,000
- Grants made (2025)
- 4
- Average grant
- $4,250
- Median grant
- $3,000
- Total assets
- $217,314
- Primary geography
- Oklahoma (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$217K
-1.5% YoY
Annual Giving
$17K
+23.4% YoY
Grant Count
4
-33.3% YoY
Avg Grant Size
$4K
+85.1% YoY
Under IRS private-foundation payout rules, The Morgan Foundation Inc reported a distributable amount of $16K for 2025 — the minimum it must pay out in qualifying distributions.
How The Morgan Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+11%). Method
- In 2025 it paid out 104% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $13K (2023) to $21K (2020). In 2025 it made 4 grants totaling $17K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was The Frank Phillips Foundation Inc ($10K). Together the top 4 received $17K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 21 grants of 21 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Frank Phillips Foundation Inc Bartlesville, OK | Art Show & Reunion Support | $10,000 |
| Oklahoma Wesleyan University Bartlesville, OK | Operating | $5,000 |
| Family YMCA of Bartlesville Bartlesville, OK | Operating | $1,000 |
| Friends of Frank Phillips Home Inc Bartlesville, OK | Operating | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $217,314 | $220,548 | $225,073 |
| Revenue | $15,829 | $10,647 | $7,957 |
| Expenses | $18,347 | $15,172 | $16,177 |
| Qualifying Distributions | $17,000 | $13,780 | $13,340 |
| Net Investment Income | $14,241 | $9,419 | $11,829 |
| Distributable Amount | $16,399 | $16,102 | $14,480 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 27, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 27, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 11, 2024)
Leadership & Key People
Officers and directors from IRS filings
The Morgan Foundation Inc is led by Robert M. Kane, President on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Robert M. Kane
President
On filings since 2019
No compensation reported
Gale Kane
Secretary & Treasurer
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Morgan Foundation Inc
How much does The Morgan Foundation Inc give each year?
The Morgan Foundation Inc gave $17K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $14K across 6 grants.
What is The Morgan Foundation Inc's typical grant size?
The Morgan Foundation Inc's median grant in 2025 was $3,000, and its average grant was $4,250, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Morgan Foundation Inc give grants?
The Morgan Foundation Inc gives mostly in Oklahoma: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Bartlesville, OK (4 grants).
Does The Morgan Foundation Inc give general operating support?
Yes: 75% of The Morgan Foundation Inc's 2025 grants with a stated purpose (3 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Morgan Foundation Inc?
The Morgan Foundation Inc reported $217K in total assets on its 2025 IRS Form 990-PF. It paid out $17K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets).
What is The Morgan Foundation Inc's EIN?
The Morgan Foundation Inc's EIN (Employer Identification Number) is 23-7022613. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Morgan Foundation Inc by hand.
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