Richard P & Claire W Morse Foundation is located in Brookline, MA. The organization was established in 1966. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard P & Claire W Morse Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Richard P & Claire W Morse Foundation generated $904.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (33.0%) each year. All expenses for the organization totaled $810.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Richard P & Claire W Morse Foundation has awarded 16 individual grants totaling $451,650. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard P Morse Trustee | 5 | $0 | |
Claire W Morse Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $200,211 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $696,472 |
Capital Gain Net Income | $696,472 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $8,088 |
Total Revenue | $904,771 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $24,104 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $70 |
Total operating and administrative expenses | $125,887 |
Contributions, gifts, grants paid | $685,050 |
Total expenses and disbursements | $810,937 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $658,354 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $26,440 |
Net Land, buildings, and equipment | $0 |
Other assets | $5,662 |
Total assets | $7,958,099 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Over the last fiscal year, Richard P & Claire W Morse Foundation has awarded $451,650 in support to 16 organizations.
Grant Recipient | Amount |
---|---|
BOSTON SYMPHONY ORCHESTRA PURPOSE: DEDICATED TO THE MAKING OF MUSIC, CREATING PERFORMANCES, AND PROVIDING EDUCATIONAL AND TRAINING PROGRAMS AT THE HIGHEST LEVEL OF EXCELLENCE AND PRESENTING THIS MUSIC TO THE WIDEST AUDIENCE POSSIBLE | $125,000 |
MUSEUM OF FINE ARTS BOSTON PURPOSE: CREATES EDUCATIONAL OPPORTUNITIES FOR VISITORS THAT ENCOURAGES INGUIRY AND HEIGHTENS PUBLIC UNDERSTANDING AND APPRECIATION OF THE VISUAL WORLD | $125,000 |
BETH ISRAEL-DEACONESS MEDICAL CENTER PURPOSE: TRETIARY CARE ACADEMIC MEDICAL CENTER | $250 |
AMERICAN MUSEUM OF FLY FISHING INC PURPOSE: COLLECTS, PRESERVES, EXHIBITS, STUDIES, AND INTERPRETS THE ARTIFACTS, ART AND LITERATURE OF THE SPORT AND USES THESE RESOURCES TO ENGAGE, EDUCATE, AND BENEFIT ALL. | $1,000 |
ADOLESCENT CONSULTATION SERVICES INC PURPOSE: TO PROVIDE DIAGNOSTIC, PSYCHOLOGICAL, PSYCHIATRIC, AND EDUCATIONAL TREATMENT SERVICE TO ADOLESCENT COURT-INVOLVED CLIENTS AND THEIR FAMILIES. | $1,000 |
BROOKLINE COMMUNITY FOUNDATION PURPOSE: TO PROMOTE A STRONG, ENGAGED, AND INCLUSIVE COMMUNITY. | $5,000 |