Morgan Morton Family Foundation Inc
- Assets
- $1.3m
- Revenue
- $356.6k
- Investments
- $1.1m
- Employees
- 0
- Location
- Kiawah Island, SC
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 22-3770880
Organization Overview
Morgan Morton Family Foundation Inc is located in Kiawah Island, SC. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Morgan Morton Family Foundation Inc 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, Morgan Morton Family Foundation Inc generated $356.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $541.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Morgan Morton Family Foundation Inc has awarded 12 individual grants totaling $924,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saunders Morgan Morton President | 0 | $0 | |
Joanne Morton Director | 0 | $0 | |
Marjorie Adams Director | 0 | $0 | |
Jeffrey Morton Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $833 |
| Dividends & Interest | $34,381 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $321,338 |
| Capital Gain Net Income | $321,338 |
| Net ST Capital Gain | $27,636 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $356,552 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,960 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,471 |
| Total operating and administrative expenses | $21,111 |
| Contributions, gifts, grants paid | $520,000 |
| Total expenses and disbursements | $541,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $166,555 |
| 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 | $1,112,502 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,279,057 |
| 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 |
Grants Awarded
Over the last fiscal year, Morgan Morton Family Foundation Inc has awarded $520,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COASTAL COMMUNITY FOUNDATION OF SC PURPOSE: CHARITABLE | $500,000 |
TRIDENT UNITED WAY PURPOSE: CHARITABLE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Darla Moore And Richard Rainwater Foundation Lake City, SC | $538,432,800 | $34,322,461 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |