The Morgan Foundation Inc
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
23
+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
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.
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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 | $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
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.
What is The Morgan Foundation Inc's EIN?
The Morgan Foundation Inc's EIN (Employer Identification Number) is 56-1790979. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Morgan Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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