Clarence H Morrison Charitable Trust
- Assets
- $0.0
- Revenue
- $321.8k
- Investments
- $4.2m
- Employees
- 0
- Location
- Oneonta, NY
- Founding
- 02/1997
- Data as of
- 07/2021
- EIN
- 16-6429037
Organization Overview
Clarence H Morrison Charitable Trust is located in Oneonta, NY. The organization was established in 1997. 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. Clarence H Morrison Charitable Trust 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 07/2021, Clarence H Morrison Charitable Trust generated $321.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $382.4k during the year ending 07/2021. While expenses have increased by 2.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Clarence H Morrison Charitable Trust has awarded 72 individual grants totaling $1,812,545. 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
CONTRIBUTIONS TO 12 FOUNDATIONS OR NON-PROFIT ENTITIES AS DIRECTED BY THE WILL OF CLARENCE H. MORRISON TO ASSIST WITH THEIR PHILANTHROPIC ACTIVITIES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,845 |
| Dividends & Interest | $176,635 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $321,787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $57,307 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $61,875 |
| Contributions, gifts, grants paid | $320,539 |
| Total expenses and disbursements | $382,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,523,929 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Clarence H Morrison Charitable Trust has awarded $320,539 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
THE SALVATION ARMY OF ONEONTA PURPOSE: DISTRIBUTION OF INCOME ACCORDING TO WILL | $40,067 |
UPSTATE HOME FOR CHILDREN FOUNDATION INC PURPOSE: DISTRIBUTION OF INCOME ACCORDING TO WILL | $40,067 |
Edmeston, NY PURPOSE: DISTRIBUTION OF INCOME ACCORDING TO WILL | $40,067 |
FIRST BAPTIST CHURCH PURPOSE: DISTRIBUTION OF INCOME ACCORDING TO WILL | $26,712 |
LEATHERSTOCKING COUNCIL OF BOY SCOUTS INC PURPOSE: DISTRIBUTION OF INCOME ACCORDING TO WILL | $26,712 |
SCHENEVUS-MARYLAND AMBULANCE SQUAD PURPOSE: DISTRIBUTION OF INCOME ACCORDING TO WILL | $26,712 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |