William Morrison Trust

Private foundation · Grantmaker Webster City, IA EIN: 42-6143759
HealthReligionHuman services

William Morrison Trust is a private foundation focused on Health, based in Webster City, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $404K in total assets. In 2025, it awarded 5 grants totaling $23K. Net investment income was $15K.

Key facts about William Morrison Trust

In short: William Morrison Trust gave $23K across 5 grants in 2025 (avg $5K), mostly in Iowa. Source: 2025 IRS Form 990-PF.

EIN
42-6143759
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$23,321
Grants made (2025)
5
Average grant
$4,664
Median grant
$4,000
Total assets
$404,384
Primary geography
Iowa (100% of itemized 2025 grant dollars)

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

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$404K

-2.8% YoY

Annual Giving

$23K

+1.4% YoY

Grant Count

5

+0.0% YoY

Avg Grant Size

$5K

+1.4% YoY

Under IRS private-foundation payout rules, William Morrison Trust reported a distributable amount of $25K for 2025 — the minimum it must pay out in qualifying distributions.

How William Morrison Trust gives

  • Giving held roughly steady from 2022 to 2025 (−3%). Method
  • In 2025 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 5 itemized grants.

States

Cities

Webster CityClarionFort Dodge

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K7 grants2020 7 grants2021 6 grants2022 7 grants2023 5 grants2024 5 grants2025

From 2020 to 2025, annual grant giving ranged from $23K (2024) to $24K (2020). In 2025 it made 5 grants totaling $23K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

Ecumenical Human Needs: $14KEcumenical Human Needs$14KUpper Des Moines Opportunity: $4KUpper Des Moines Opportunity$4KWebster City Meals on Wheels: $4KWebster City Meals on Wheels$4KRiverview Early Childhood Center: $1KRiverview Early ChildhoodCenter$1KSt Thomas Aquinas School: $500St Thomas Aquinas School$500

The largest 2025 recipient was Ecumenical Human Needs ($14K). Together the top 5 received $23K.

Grant Size Distribution

30 grants across all recorded years

30<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 30 grants of 30 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Ecumenical Human Needs Webster City, IAAssistance Funds$13,500
Upper Des Moines Opportunity Webster City, IAAssistance Funds$4,000
Webster City Meals on Wheels Webster City, IAAssistance Funds$4,000
Riverview Early Childhood Center Webster City, IAAssistance Funds$1,321
St Thomas Aquinas School Webster City, IAAssistance Funds$500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10K$20K$30K$40K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$404,384$415,893$419,650
Revenue$18,411$22,728$21,969
Expenses$29,737$28,026$28,846
Qualifying Distributions$23,321$23,000$24,000
Net Investment Income$15,197$17,943$17,309
Distributable Amount$24,509$24,050$22,664

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS April 22, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 3, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS March 20, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS March 11, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS March 20, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

William Morrison Trust's only listed officer is First State Bank, Trustee on every filing since 2020 (compensated).

Officers on the 2025 filing

  • First State Bank

    Trustee

    On filings since 2020

    2 hrs/week

    $4K (2020) → $5K (2025)

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

First State Bank — Trustee: $5KFirst State BankTrustee$5K

The highest reported compensation on the 2025 filing was $5K, to First State Bank (Trustee).

Frequently asked questions about William Morrison Trust

How much does William Morrison Trust give each year?

William Morrison Trust gave $23K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 5 grants.

What is William Morrison Trust's typical grant size?

William Morrison Trust's median grant in 2025 was $4,000, and its average grant was $4,664, across 5 grants on its 2025 IRS Form 990-PF.

Where does William Morrison Trust give grants?

William Morrison Trust gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Webster City, IA (5 grants).

Does William Morrison Trust give general operating support?

Not in 2025: none of the 5 grants with a stated purpose on William Morrison Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Assistance Funds" (5 grants).

Who are William Morrison Trust's largest grantees?

William Morrison Trust's largest 2025 grantees include Ecumenical Human Needs ($13,500), Upper Des Moines Opportunity ($4,000) and Webster City Meals on Wheels ($4,000), according to its 2025 IRS Form 990-PF. Together they received 92% of its itemized 2025 grant dollars.

How large is William Morrison Trust?

William Morrison Trust reported $404K in total assets on its 2025 IRS Form 990-PF. It paid out $23K in qualifying distributions that year, against a required minimum of $25K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is William Morrison Trust?

William Morrison Trust is a private foundation focused on Health, based in Webster City, IA. It holds $404K in total assets as of 2025.

What is William Morrison Trust's EIN?

William Morrison Trust's EIN (Employer Identification Number) is 42-6143759. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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