The Morton Foundation Inc

Foundation · Grantmaker Cape Neddick, ME EIN: 04-3288386

The Morton Foundation Inc is a private foundation focused on Youth Development, based in Cape Neddick, ME. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $87K in total assets. In 2025, it awarded 5 grants totaling $3.8M. Net investment income was $117K.

Key facts about The Morton Foundation Inc

EIN: 04-3288386
Latest 990 filing: Form 990-PF, 2025
Annual giving (2025): $3,796,374
Grants made (2025): 5
Average grant: $759,275
Median grant: $931,160
Total assets: $86,676
Primary geography: Colorado (74% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Who The Morton Foundation Inc funds

By grant dollars, the top recipient states for The Morton Foundation Inc's 5 itemized 2025 grants were Colorado (74%) and Ohio (25%). The most frequent recipient cities were Lone Tree, CO (3 grants). 20% of grants with a stated purpose were for general or operating support.

How The Morton Foundation Inc gives

Giving grew 804% from 2022 to 2025. Method
In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with The Morton Foundation Inc

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Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$87K

-95.3% YoY

Annual Giving

$3.8M

Grant Count

Avg Grant Size

$759K

Under IRS private-foundation payout rules, The Morton Foundation Inc reported a distributable amount of $122K for 2025 — the minimum it must pay out in qualifying distributions.

About The Morton Foundation Inc

Based on IRS filings

Focus Areas

Youth Development

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Colorado $2.8M (74%)

Ohio $949K (25%)

Maine $54K (1%)

Share of all 5 itemized 2025 grant dollars.

States

Colorado Massachusetts Maine Ohio

Cities

CincinnatiLone TreeLewistonMiltonNorthamptonOgunquit

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$86,676	$1,836,896	$1,805,402
Revenue	$1,743,299	$66,862	$498,694
Expenses	$3,838,421	$35,368	$256,732
Qualifying Distributions	$3,809,166	$8,517	$217,461
Net Investment Income	$116,913	$50,199	$459,423
Distributable Amount	$122,030	$107,343	$93,565

Data update history

When this profile's IRS filing data changed on Grantable

February 28, 2026 IRS filings on file for fiscal years 2021–2025

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest recipients include Fidelity Charitable Hedgie Fund ($949,105), Schwab DAFGIVING360 Khastings Daf ($931,160), Schwab DAFGIVING360 Carolyn Morton Sayward Fund Daf ($931,160).

Recipient	Purpose	Amount
FIDELITY CHARITABLE HEDGIE FUND Cincinnati, OH	TRANSFER OF SECURITIES FROM MORTON FOUNDATION TO FIDELITY DONOR ADVISED FUND	$949,105
SCHWAB DAFGIVING360 KHASTINGS DAF Lone Tree, CO	TRANSFER OF SECURITIES FROM MORTON FOUNDATION TO SCHWAB 360 DONOR ADVISED FUND	$931,160
SCHWAB DAFGIVING360 CAROLYN MORTON SAYWARD FUND DAF Lone Tree, CO	TRANSFER OF SECURITIES FROM MORTON FOUNDATION TO SCHWAB 360 DONOR ADVISED FUND	$931,160
SCHWAB DAFGIVING360 THE CCMF FUND DAF Lone Tree, CO	TRANSFER OF SECURITIES FROM MORTON FOUNDATION TO SCHWAB 360 DONOR ADVISED FUND	$930,499
MUSEUM OF ART OF OGUNQUIT Ogunquit, ME	GENERAL SUPPORT OF MUSEUM	$54,450

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2025 IRS filing

Name	Title	Hours	Compensation
Carolyn M Sayward	President, Director	1	—
Christina CM Whitaker	Director	0.5	—
Keith Whitaker	Treasurer, Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Youth Development

Frequently Asked Questions

What is The Morton Foundation Inc?

The Morton Foundation Inc is a private foundation focused on Youth Development, based in Cape Neddick, ME. It holds $87K in total assets as of 2025.

How large is The Morton Foundation Inc?

As of 2025, The Morton Foundation Inc holds $87K in total assets with $1.7M in annual revenue. It awarded 5 grants totaling $3.8M in 2025.

Where does The Morton Foundation Inc operate?

The Morton Foundation Inc has awarded grants in Colorado, Massachusetts, Maine, Ohio.

What size grants does The Morton Foundation Inc award?

In 2025, The Morton Foundation Inc awarded 5 grants totaling $3.8M — an average of about $759K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2025, The Morton Foundation Inc reported a distributable amount of $122K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.