The Morse Charitable Trust
- Assets
- $1.6m
- Revenue
- $52.4k
- Investments
- $1.5m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 04-3371156
Organization Overview
The Morse Charitable Trust is located in Boston, MA. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public 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. Morse 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.
Since 2020, Morse Charitable Trust has awarded 32 individual grants totaling $383,798. 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 |
|---|---|---|---|
Richard H Morse Trustee | 0.5 | $0 | |
Richard T Morse Trustee | 0.25 | $0 | |
Michael G Morse Trustee | 0.25 | $0 | |
M Sheila Morse Trustee | 0 | $0 | |
Michael L Brown Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,274 |
| Dividends & Interest | $37,158 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$583 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,524 |
| Total Revenue | $52,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,851 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65 |
| Total operating and administrative expenses | $15,033 |
| Contributions, gifts, grants paid | $62,250 |
| Total expenses and disbursements | $77,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,199 |
| 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 | $193,560 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,565,408 |
| 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, The Morse Charitable Trust has awarded $62,250 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOWDOIN COLLEGE PURPOSE: PROGRAM SUPPORT | $10,500 |
DUXBURY BEACH RESERVATION PURPOSE: PROGRAM SUPPORT | $1,000 |
HOME START INC PURPOSE: PROGRAM SUPPORT | $13,000 |
BRIGHAM & WOMEN'S HOSPITAL PURPOSE: PROGRAM SUPPORT | $5,000 |
POWER FORWARD INC PURPOSE: PROGRAM SUPPORT | $2,500 |
ST JOHN THE EVANGELIST PURPOSE: PROGRAM SUPPORT | $30,000 |