Morgridge Family Foundation
- Assets
- $0.0
- Revenue
- $45.2m
- Investments
- $189.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 26-2336633
Organization Overview
Morgridge Family Foundation is located in Wilmington, DE. The organization was established in 2009. 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. Morgridge Family 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, Morgridge Family Foundation generated $45.2m 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 (4.5%) each year. All expenses for the organization totaled $17.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Morgridge Family Foundation has awarded 641 individual grants totaling $36,304,396. 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
MORGRIDGE ACCELERATION PROGRAM - SEE GENERAL EXPLANATION ATTACHMENT
BOOK PUBLISHING - SEE GENERAL EXPLANATION ATTACHMENT
BOOK DISTRIBUTION - SEE GENERAL EXPLANATION ATTACHMENT
STUDENT SUPPORT FOUNDATION NATIONAL CONFERENCE - SEE GENERAL EXPLANATION ATTACHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Morgridge Vp, Dir | 40 | $30,000 | |
John D Morgridge Pres, Dir | 30 | $30,000 | |
John C Morgridge Dir | 30 | $37,056 | |
Michelle N Morgridge Dir | 30 | $30,000 | |
John Farnam Managing Director | 40 | $237,729 | |
Emma J Spofford Dir Of Admin Svcs | 40 | $131,616 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
General Atlantic Service Company | 12/30/22 | $1,534,121 |
Merrill Lynch | 12/30/22 | $768,585 |
Foundation Source | 12/30/22 | $185,775 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000,000 |
| Interest on Savings | $60,209 |
| Dividends & Interest | $3,226,711 |
| Profit on Inventory Sales | $0 |
| Other Income | $629,881 |
| Total Revenue | $45,209,679 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Pension plans, employee benefits | $236,611 |
| Depreciation | $227,554 |
| Occupancy | $120,170 |
| Travel, conferences, and meetings | $159,641 |
| Printing and publications | $7,846 |
| Total operating and administrative expenses | $5,894,026 |
| Contributions, gifts, grants paid | $11,254,417 |
| Total expenses and disbursements | $17,148,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $78,683,921 |
| Other assets | $5,598,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $228,310 |
Grants Awarded
Over the last fiscal year, Morgridge Family Foundation has awarded $13,029,585 in support to 215 organizations.
| Grant Recipient | Amount |
|---|---|
50 IN 52 JOURNEY PURPOSE: TEDX WOMEN'S EVENT IN DENVER | $2,500 |
50 IN 52 JOURNEY PURPOSE: TEDX YOUTH EVENT | $2,500 |
A PRECIOUS CHILD INC PURPOSE: FILL A BACKPACK | $25,000 |
ACHIEVEABILITY PURPOSE: GENERAL & UNRESTRICTED | $562 |
ADVENTURE CYCLING ASSOCIATION PURPOSE: GENERAL & UNRESTRICTED | $20,600 |
ACTION FOR HEALTHY KIDS INC PURPOSE: SUPPORT THE PROFESSIONAL LEARNING AT THE 2022 NATIONAL CONFERENCE ON CHILD HEALTH AND WELL-BEING | $5,000 |