The Jess and Palma Morgan Foundation
The Jess and Palma Morgan Foundation is a private family foundation established in 1990 and based in Los Angeles, California. The foundation is supported by Morgan Bypass Trust and operates as a 501(c)(3) organization.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.6M
+2.8% YoY
Annual Giving
$318K
-8.0% YoY
Grant Count
17
-10.5% YoY
Avg Grant Size
$19K
+2.9% YoY
Grantmaking
The foundation makes grants to nonprofit organizations, with recent grants ranging from $25,000 to $40,000.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending December 2023:
- Total Assets: $5,411,493
- Total Expenses: $488,950
- Total Revenues: -$82,295
- Number of Employees: 0
Prior Year Comparison (FY 2022):
- Total grants, contributions received: $350,840 (2022)
- Total grants, contributions received: $0 (2023)
The foundation's assets have remained relatively stable, with total assets of approximately $5.4 million as of the most recent filing.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,564,658 | $5,411,493 | $5,972,157 |
| Revenue | $603,403 | $-82,295 | $651,517 |
| Expenses | $496,162 | $488,950 | $612,114 |
| Qualifying Distributions | $317,500 | $345,000 | $375,000 |
| Net Investment Income | $520,222 | $97,454 | $142,316 |
| Distributable Amount | $333,237 | $319,082 | $340,361 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
77 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Susan J Ollweiler — President
- Timothy D Bodner — Chief Financial Officer
Both officers received no compensation as of the most recent reporting period (2023-2024).
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARY LEVENSTEIN | SECRETARY & DIRECTOR | — | — |
| SUSAN J OLLWEILER | PRESIDENT & DIRECTOR | — | — |
| GENE TORNCELLO | VICE PRESIDENT & DIRECTOR | — | — |
| TIMOTHY D BODNER | CHIEF FINANCIAL OFFICER | — | — |
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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