Thomas & Elizabeth G Morrison Memorial Fund
- Assets
- $11.3m
- Revenue
- $1.4m
- Investments
- $11.1m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 08/1983
- Data as of
- 12/2021
- EIN
- 25-6220228
Organization Overview
Thomas & Elizabeth G Morrison Memorial Fund is located in Pittsburgh, PA. The organization was established in 1983. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Thomas & Elizabeth G Morrison Memorial Fund 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, Thomas & Elizabeth G Morrison Memorial Fund generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.7% each year . All expenses for the organization totaled $618.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thomas & Elizabeth G Morrison Memorial Fund has awarded 12 individual grants totaling $1,680,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $327,801 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,098,350 |
| Capital Gain Net Income | $1,098,350 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,538 |
| Total Revenue | $1,446,689 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,326 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,047 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,895 |
| Total operating and administrative expenses | $58,268 |
| Contributions, gifts, grants paid | $560,000 |
| Total expenses and disbursements | $618,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $207,433 |
| 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 | $11,111,011 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,318,444 |
| 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, Thomas & Elizabeth G Morrison Memorial Fund has awarded $560,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CARNEGIE INSTITUTE PURPOSE: GENERAL OPERATING PURPOSES | $140,000 |
SHADYSIDE HOSPITAL FOUNDATION PURPOSE: GENERAL OPERATING | $140,000 |
CARNEGIE MELLON UNIVERSITY PURPOSE: GENERAL OPERATING | $140,000 |
PGH SYMPHONY SOCIETY PURPOSE: GENERAL OPERATING | $140,000 |