Morrow Legacy Foundation
- Assets
- $2.2m
- Revenue
- $949.7k
- Investments
- $2.1m
- Employees
- 0
- Location
- Okatie, SC
- Founding
- 11/2017
- Data as of
- 12/2021
- EIN
- 82-2468580
Organization Overview
Morrow Legacy Foundation is located in Okatie, SC. The organization was established in 2017. 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. Morrow Legacy Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Morrow Legacy Foundation has awarded 79 individual grants totaling $396,530. 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 |
|---|---|---|---|
Ronald B Morrow President | 1.25 | $0 | |
Susan E Morrow Vp/treasurer/secretary/dir | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $732,750 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,705 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $182,255 |
| Capital Gain Net Income | $675,189 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $949,710 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $158 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $836 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $31,299 |
| Contributions, gifts, grants paid | $186,530 |
| Total expenses and disbursements | $217,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,598 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,242,361 |
| 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, Morrow Legacy Foundation has awarded $186,530 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
VANDERBILT MEDICAL CENTER PURPOSE: GENERAL PURPOSES | $125,000 |
Pasadena, CA PURPOSE: ROTHENBERG INNOVATION INITIATIVE | $10,000 |
San Diego, CA PURPOSE: ADVANCED MANUFACTURING TRAINING FOR YOUNG VETERANS | $5,000 |
San Diego, CA PURPOSE: GENERAL PURPOSES | $5,000 |
HIRE HEROS PURPOSE: GENERAL PURPOSES | $5,000 |
Beaufort, SC PURPOSE: RECOVERY FROM COVID-19 | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |