Marietta McNeill Morgan & Samuel Tate Morgan, Jr. Trust
/OVERVIEW: The Marietta McNeill Morgan & Samuel Tate Morgan, Jr. Trust supports arts and culture, education and human services in Virginia.
FUNDING AREAS: Arts and culture, education, human services
IP TAKE: This Virginia funder has very specific preferences for the type of capital grants it makes, and grantseekers should also have reliable backing from other funders before seeking the Morgan Trust’s support.
PROFILE: Established in 1962, the Marietta McNeill Morgan & Samuel Tate Morgan, Jr. Trust is a private foundation that is managed by Bank of America Philanthropic Solutions’ District of Columbia (D.C.) office. Samuel Tate Morgan was the son of a chemical fertilizer manufacturing business, Durham Fertilizer Company, which became the Virginia-Carolina Chemical Company. The Morgan family also has ties to the oil, railroad, banking and mining industries. The foundation funds local efforts for arts and culture, education and human services.
The Marietta McNeill Morgan & Samuel Tate Morgan, Jr. Trust makes grants only for specific capital expenditures and not for general capital campaigns. It often makes challenge and matching grants. The Morgan Trust makes grants for one-year periods and typically pays grants only when a grantee has sufficient funds pledged or in-hand to complete a capital project. There are only limited resources available, so grantseekers are advised to apply for a grant with either this trust or the Seay Foundation, but not both. Both of these foundations typically make an organization wait three years from the last grant payment before awarding a second grant.
Grants range between about $10,000 and $50,000. Learn more about this funder’s local giving by examining its recent tax records. Grantmaking focuses on various communities in the state of Virginia. Past local grantees include Liberation Veteran Services, Union Presbyterian Seminary and Friends of Richmond Community High Schools.
This foundation accepts unsolicited grant applications from nonprofits. Grantseekers should submit applications through the Bank of America online system. The application deadline is April 1, and the funder notifies applicants of its decisions by June 30. Direct general questions to the staff at dc.grantmaking@bankofamerica.com or 877-446-1410.
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