The Morgan Foundation Inc

BARTLESVILLE, OK EIN: 23-7022613

The Morgan Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BARTLESVILLE, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $221K in total assets. In 2024, it awarded 6 grants totaling $14K. Net investment income was $9K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$221K

-2.0% YoY

Annual Giving

$14K

+3.3% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$2K

-31.1% YoY

Under IRS private-foundation payout rules, The Morgan Foundation Inc reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.

About The Morgan Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Oklahoma $78K (98%)

Maryland $1K (1%)

Missouri $500 (1%)

States

Maryland Missouri Oklahoma

Cities

BartlesvilleBlue SpringsLa Plata

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$220,548	$225,073	$233,596
Revenue	$10,647	$7,957	$12,246
Expenses	$15,172	$16,177	$16,428
Qualifying Distributions	$13,780	$13,340	$15,250
Net Investment Income	$9,419	$11,829	$12,246
Distributable Amount	$16,102	$14,480	$14,136

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

21 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Frank Phillips Foundation Inc ($6,000), Oklahoma Wesleyan University ($5,000), Tri County Tech Foundation ($1,000).

Recipient	Purpose	Amount
OKLAHOMA WESLEYAN UNIVERSITY BARTLESVILLE, OK	OPERATING	$5,000
SAMARITAN'S PURSE BLUE SPRINGS, MO	OPERATING	$500
THE FRANK PHILLIPS FOUNDATION INC BARTLESVILLE, OK	OPERATING	$6,000
THE JOURNEY HOME BARTLESVILLE, OK	OPERATING	$280
TRI COUNTY TECH FOUNDATION BARTLESVILLE, OK	OPERATING	$1,000
WESLEYAN CHRISTIAN SCHOOL BARTLESVILLE, OK	OPERATING	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ROBERT M KANE	PRESIDENT	—	—
GALE KANE	SECRETARY/TREASURER	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Morgan Foundation Inc?

The Morgan Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BARTLESVILLE, OK. It holds $221K in total assets as of 2024.

How large is The Morgan Foundation Inc?

As of 2024, The Morgan Foundation Inc holds $221K in total assets with $11K in annual revenue. It awarded 6 grants totaling $14K in 2024.

Where does The Morgan Foundation Inc operate?

The Morgan Foundation Inc has awarded grants in Maryland, Missouri, Oklahoma.

What size grants does The Morgan Foundation Inc award?

In 2024, The Morgan Foundation Inc awarded 6 grants totaling $14K — an average of about $2K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Morgan Foundation Inc reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.