The Morgan Foundation Inc

LAUREL HILL, NC EIN: 56-1790979

Education Higher education Community and economic development Religion Christianity

The Morgan Foundation Inc is a private foundation focused on Education, based in LAUREL HILL, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 23 grants totaling $134K. Net investment income was $124K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.6M

-0.8% YoY

Annual Giving

$134K

+17.3% YoY

Grant Count

+15.0% YoY

Avg Grant Size

$6K

+2.0% YoY

Under IRS private-foundation payout rules, The Morgan Foundation Inc reported a distributable amount of $159K for 2024 — the minimum it must pay out in qualifying distributions.

About The Morgan Foundation Inc

Based on IRS filings

Focus Areas

Education Higher education Community and economic development Religion Christianity

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $641K (100%)

States

North Carolina

Cities

ColfaxLaurel HillLaurinburgLumbertonWagram

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,561,045	$1,574,112	$1,666,022
Revenue	$140,019	$46,730	$69,202
Expenses	$153,826	$138,640	$169,695
Qualifying Distributions	$137,436	$122,687	$151,474
Net Investment Income	$124,124	$35,583	$53,625
Distributable Amount	$159,161	$129,960	$138,335

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

94 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Project Inasmuch ($20,000), Growing Change ($15,000), Scotland County Family Counseling Center Inc ($15,000).

Recipient	Purpose	Amount
AMERICAN CANCER SOCIETY LAURINBURG, NC	SCOTLAND COUNTY RELAY FOR LIFE	$2,500
CHURCH COMMUNITY SERVICES LAURINBURG, NC	GENERAL CONTRIBUTION	$5,000
CHURCH IN THE PINES LAUREL HILL, NC	GENERAL CONTRIBUTION	$12,000
FAMILY PROMISE OF SCOTLAND COUNTY INC LAURINBURG, NC	TEMPORARY HOUSING FOR THE HOMELESS	$5,000
GROWING CHANGE LAURINBURG, NC	CONVERSION OF RURAL PRISONS INTO SUSTAINABLE FARM AND EDUCATION CENTERS FOR AT RISK YOUTH	$15,000
HABITAT FOR HUMANITY LAURINBURG, NC	2023 "RUN WITH THE KNIGHTS" FUNDRAISER	$3,000
HOSPICE OF SCOTLAND COUNTY LAURINBURG, NC	RICHARD L. BYRNE MEMORIAL GOLF TOURNAMENT	$5,000
LAUREL HILL FIRST BAPTIST CHURCH LAUREL HILL, NC	YOUTH JAM BONANZA	$3,350
LAURINBURG TIS THE SEASON LAURINBURG, NC	GENERAL CONTRIBUTION	$1,000
LIFESAVER MINISTRIES LAURINBURG, NC	GENERAL CONTRIBUTION	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JAMES L MORGAN JR	CHAIRMAN, PRESIDENT & DIRECTOR	—	—
TAMMY C IVEY	SECRETARY & TREASURER	—	—
SUSAN M FARRELL	DIRECTOR	—	—
MELINDA M MEJIA	VICE PRESIDENT & DIRECTOR	—	—
MATTHEW M MORGAN	DIRECTOR	—	—
COLIN K ANDERSON	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Education Higher education Community and economic development Religion Christianity

Frequently Asked Questions

What is The Morgan Foundation Inc?

The Morgan Foundation Inc is a private foundation focused on Education, based in LAUREL HILL, NC. It holds $1.6M in total assets as of 2024.

How large is The Morgan Foundation Inc?

As of 2024, The Morgan Foundation Inc holds $1.6M in total assets with $140K in annual revenue. It awarded 23 grants totaling $134K in 2024.

Where does The Morgan Foundation Inc operate?

The Morgan Foundation Inc has awarded grants in North Carolina.

What size grants does The Morgan Foundation Inc award?

In 2024, The Morgan Foundation Inc awarded 23 grants totaling $134K — an average of about $6K 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 $159K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.