William Morrison Trust
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.
William Morrison Trust at a glance
In short: William Morrison Trust gave $23K across 5 grants in 2025 (avg $5K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $23,321
- +1.4% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $4,664
- +1.4% vs 2024
- Median grant
- $4,000
- Total assets
- $404,384
- -2.8% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who William Morrison Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Ecumenical Human Needs ($14K). Together the top 5 received $23K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 30 grants of 30 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $23K (2024) to $24K (2020). In 2025 it made 5 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ecumenical Human Needs Webster City, IA | Assistance Funds | $13,500 |
| Upper Des Moines Opportunity Webster City, IA | Assistance Funds | $4,000 |
| Webster City Meals on Wheels Webster City, IA | Assistance Funds | $4,000 |
| Riverview Early Childhood Center Webster City, IA | Assistance Funds | $1,321 |
| St Thomas Aquinas School Webster City, IA | Assistance Funds | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $404,384 | $18,411 | $29,737 | $23,321 | 5 | $23,321 | $15,197 | $24,509 |
| 2024 | $415,893 | $22,728 | $28,026 | $23,000 | 5 | $23,000 | $17,943 | $24,050 |
| 2023 | $419,650 | $21,969 | $28,846 | $24,000 | 7 | $24,000 | $17,309 | $22,664 |
| 2022 | $425,750 | $17,955 | $29,232 | $24,000 | 6 | $24,000 | $13,390 | $23,640 |
| 2021 | $437,462 | $20,112 | $29,126 | $24,000 | 7 | $24,000 | $15,632 | $25,003 |
| 2020 | $445,500 | $18,434 | $28,651 | $24,236 | 7 | — | $15,876 | $23,810 |
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.
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
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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 22, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 3, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 20, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 11, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 20, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work William Morrison Trust funds
Health Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in William Morrison Trust's focus areas in our free grants database
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