The Morgan Hearst Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $742K in total assets. In 2024, it awarded 1 grants totaling $9K. Net investment income was $64K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$742K
-3.0% YoY
Annual Giving
$9K
Grant Count
1
Avg Grant Size
$9K
Under IRS private-foundation payout rules, The Morgan Hearst Charitable reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.
About The Morgan Hearst Charitable
Based on IRS filings
The Morgan Hearst Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $742K in total assets. In 2024, it awarded 1 grants totaling $9K. Net investment income was $64K.
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 | $742,100 | $764,694 | $748,930 |
| Revenue | $63,534 | $41,990 | $40,746 |
| Expenses | $93,441 | $26,226 | $80,424 |
| Qualifying Distributions | $90,399 | $25,562 | — |
| Net Investment Income | $63,534 | $41,917 | $40,746 |
| Distributable Amount | $53,647 | $48,840 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Make a Wish Fnd Central Coast ($9,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MAKE A WISH FND CENTRAL COAST CAMARILLO, CA | GENERAL SUPPORT | $9,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEPHEN HEARST | PRESIDENT | 20 | $36,538 |
| SHEILA FITZSIMMONS | DIRECTOR | 0.1 | — |
| JULIANE HEARST | DIRECTOR | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Morgan Hearst Charitable?
The Morgan Hearst Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. It holds $742K in total assets as of 2024.
How large is The Morgan Hearst Charitable?
As of 2024, The Morgan Hearst Charitable holds $742K in total assets with $64K in annual revenue. It awarded 1 grants totaling $9K in 2024.
Where does The Morgan Hearst Charitable operate?
The Morgan Hearst Charitable has awarded grants in California.
What size grants does The Morgan Hearst Charitable award?
In 2024, The Morgan Hearst Charitable awarded 1 grants totaling $9K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Morgan Hearst Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Morgan Hearst Charitable reported a distributable amount of $54K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Morgan Hearst Charitable's EIN?
The Morgan Hearst Charitable's EIN (Employer Identification Number) is 46-4250035. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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