Aela & Donald Morgan Charitable Foundation C/o Seward & Kissel Llp

What it reported funding in 2024

The foundation reported 18 filed grant rows totaling $111,012. The stated grant purposes included the purpose of the dr. claire tremaine & george mentas scholarship is to provide financial assistance to high school students who demonstrate merit, potential and financial need and who attend a high school within the grossmont union high schoool district in san diego county, california. the scholarships are awarded for exclusively educational purposes related to the matriculation of the recipients at an accredited post-secondary educational institution. the above recipient was awarded $5,000 per year for four years, subject to certain restrictions and limitations on awards, as described in statement 7. the scholarship is payable toward only the cost of tuition, books, on-campus dormitory and cafeteria plan. all payments are made directly to the educational institution or other appropriate vendor and no payments are made outright to the recipient., the purpose of the dr. claire tremaine & george mentas scholarship is to provide financial assistance to high school students who demonstrate merit, potential and financial need and who attend a high school within the grossmont union high schoool district in san diego county, california. the scholarships are awarded for exclusively educational purposes related to the matriculation of the recipients at an accredited post-secondary educational institution. the above recipient was awarded $10,000 per year for four years, subject to certain restrictions and limitations on awards, as described in statement 7. the scholarship is payable toward only the cost of tuition, books, on-campus dormitory and cafeteria plan. all payments are made directly to the educational institution or other appropriate vendor and no payments are made outright to the recipient., and the purpose of the dr. claire tremaine & george mentas scholarship is to provide financial assistance to high school students who demonstrate merit, potential and financial need and who attend a high school within the grossmont union high school district in san diego county, california. the scholarships are awarded for exclusively educational purposes related to the matriculation of the recipients at an accredited post-secondary educational institution. the above recipient was awarded $10,000 per year for four years, subject to certain restrictions and limitations on awards, as described in statement 7. the scholarship is payable toward only the cost of tuition, books, on-campus dormitory and cafeteria plan. all payments are made directly to the educational institution or other appropriate vendor and no payments are made outright to the recipient., plus 8 other reported purposes.

Grant Deployment

• Grant deployment ratio: 100%; rating input score 100; 90th percentile among comparable filings

Cost Efficiency

• Grant expense ratio: 90.6%; rating input score 91; 72nd percentile among comparable filings

Transparency

• Grant recipient disclosure: Yes; rating input score 100

Compliance

• Foundation activity disclosures: 17 of 19 controls in place; rating input score 89
  • Property sale or exchange with a disqualified person: Pass
  • Borrowing from or lending to a disqualified person: Pass
  • Goods, services, or facilities involving a disqualified person: Pass
  • Compensation paid to a disqualified person: Pass
  • Assets transferred to a disqualified person: Pass
  • Payment to a government official: Pass
  • Uncorrected prior self-dealing: Pass
  • Prior-year undistributed income: Pass
  • Excess business holdings: Pass
  • Investments that may jeopardize charitable purposes: Pass
  • Uncorrected prior-year jeopardizing investments: Pass
  • Attempt to influence legislation: Pass
  • Attempt to influence an election: Pass
  • Individual grants for travel, study or similar purposes: Fail
  • Grants outside qualifying charitable organization categories: Fail
  • Spending for a noncharitable purpose: Pass
  • Funds received for a personal-benefit contract: Pass
  • Premiums paid on a personal-benefit contract: Pass
  • Prohibited tax-shelter transaction: Pass
• Filing consistency checks: 9; rating input score 100

Endowment Health

• Endowment-health comparison: 0.26; rating input score 34; 34th percentile among comparable filings