Morgridge Family Foundation

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 12/2020, Morgridge Family Foundation generated $22.6m 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 (15.8%) each year. All expenses for the organization totaled $17.1m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Morgridge Family Foundation has awarded 426 individual grants totaling $23,274,811. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

BOOK PUBLISHING - SEE GENERAL EXPLANATION ATTACHMENT


MORGRIDGE ACCELERATION PROGRAM - SEE GENERAL EXPLANATION STATEMENT


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
General Atlantic Service Company
$1,401,607
Kahn Construction Corp
$454,741
Merrill Lynch
$726,874
Sparks & Honey
$220,000
Foundation Source
$190,000
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $5,000,000
Interest on Savings $25,959
Dividends & Interest $2,516,718
Net Rental Income$0
Net Gain on Sale of Assets $14,085,623
Capital Gain Net Income $13,607,400
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $952,158
Total Revenue $22,580,458

Grants Awarded

Over the last fiscal year, Morgridge Family Foundation has awarded $11,254,417 in support to 164 organizations.

Grant RecipientAmount

MINDSPARK LEARNING

PURPOSE: MORGRIDGE EDUCATION ACCELERATOR, MORGRIDGE INNOVATION CERTIFICATE PROGRAM, AND ONGOING PROGRAMS AND OPERATIONS

$2,000,000

NATIONAL JEWISH HEALTH

Org PageRecipient Profile

Denver, CO

PURPOSE: 9TH OF 10 GRANT PAYMENTS FOR THE MORGRIDGE EDUCATION CAMPUS AT NATIONAL JEWISH HEALTH

$1,500,000

DENVER ART MUSEUM INC

Org PageRecipient Profile

Denver, CO

PURPOSE: RENOVATION OF THE CREATIVE HUB IN THE NORTH BUILDING

$1,250,000

BRIDGEWATER COLLEGE

Org PageRecipient Profile

Bridgewater, VA

PURPOSE: RENOVATION AND CONSTRUCTION OF BRIDGEWATER COLLEGE'S LEARNING COMMONS

$750,000

AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RE

Org PageRecipient Profile

Washington, DC

PURPOSE: SCHOLARSHIP OF THE PRESIDENT OF AEI

$600,000

ALTA VISTA CENTER FOR AUTISM (DBA FIREFLY AUTISM H

PURPOSE: TO FUND THE MORGRIDGE FAMILY FELLOWSHIP PROGRAM

$350,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Morgridge Family Foundation has recieved totaling $15,500.

Awarding OrganizationAmount
Amp The Cause

Denver, CO

PURPOSE: COMMUNITY SUPPORT

$15,500
View Grant Recipient Profile

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