NonprofitsMorehead Scholarship Foundation

Education

Morehead Scholarship Foundation

CHAPEL HILL, NC

Total revenue

$9.3M

Total expenses

$10.0M

Net assets

$59.4M

Grants received

$3.5M

58 grants

EIN

562462593

Tax year

2023

Mission

Morehead-cain scholarship fund provides support for the morehead-cain program at unc chapel hill.

Programs

1 program

In 2023 the morehead-cain scholarship fund inaugurated a competitive grant opportunity for educators in north carolina who were identified and celebrated by current morehead-cain scholars and semifinalists for their positive impact on them and other future leaders.the impact educator discovery fund is intended to inspire self-discovery, exploration, skill development, and professional growth. Its aim is to celebrate extraordinary teachers and to enable their continued investment in the young people of our state. Ideally iedf experiences are both restorative and productive, and recipients return to teaching feeling refreshed and prepared to share a new perspective or insight with their students and school community. In 2024, 23 grants averaging just under $2,500 each were awarded to educators serving students in north carolina following an application and careful selection process. Each recipient committed to return to the education profession and was required to provide a report on their experience, what learning it enabled, and how it might impact their work as an educator going forward.

Expenses: $43KGrants: $43K

Financials

FY 2023

Revenue

Contributions & grants$4.2M
Program service revenue
Investment income$5.2M
Other revenue
Total revenue$9.3M

Expenses

Grants paid$9.8M
Salaries & benefits
Fundraising
Other expenses$233K
Total expenses$10.0M
Total assets$59.4M
Net assets$59.4M

People

19 listed

NameRoleCompensation

PHILIP E BERNEY

CHAIR

Board

2.5 hrs/wk

KATHERINE KIRBY DUNLEAVY

VICE CHAIR

Board

2.5 hrs/wk

ROBERT J BACH

DIRECTOR

Board

2.5 hrs/wk

RACHELLE A FELDMAN

DIRECTOR

Board

2.5 hrs/wk

SHANA L FULTON

DIRECTOR

Board

2.5 hrs/wk

HARVEY L KENNEDY

DIRECTOR

Board

2.5 hrs/wk

JANORA MCDUFFIE-RYAN

DIRECTOR

Board

2.5 hrs/wk

PAMELA ALSTON OLIVER

DIRECTOR

Board

2.5 hrs/wk

DAVID S ROUTH

DIRECTOR

Board

2.5 hrs/wk

JENNIFER AYER SANDELL

DIRECTOR

Board

2.5 hrs/wk

RAYMOND D SAWYER

DIRECTOR

Board

2.5 hrs/wk

MATTHEW L SOULE

DIRECTOR

Board

2.5 hrs/wk

ROBERT J SQUIRE

DIRECTOR

Board

2.5 hrs/wk

BRIAN G STRONG

DIRECTOR

Board

2.5 hrs/wk

OTIS E TILLMAN JR

DIRECTOR

Board

2.5 hrs/wk

ANTONIO URSANO JR

DIRECTOR

Board

2.5 hrs/wk

MADHULIKA VULIMIRI

DIRECTOR

Board

2.5 hrs/wk

CHRISTOPHER J BRADFORD

PRESIDENT

Board

2.5 hrs/wk

STEVEN R MICHALAK

TREASURER

Board

2.5 hrs/wk

Grants received

Showing 58 of 58

FromAmountPurposeYear
$60K
CHARITABLE GIFT
2024
$30K
UNRESTRICTED GENERAL SUPPORT
2024
$212K
For grant recipient's exempt purposes
2023
$50K
CHARITABLE GIFT
2023
$31K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$30K
UNRESTRICTED GENERAL SUPPORT
2023
$1K
PROGRAM/OPERATING SUPPORT
2023
$100
PROGRAM/OPERATING SUPPORT
2023
$234K
For grant recipient's exempt purposes
2022
$40K
GENERAL SUPPORT
2022
$30K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$27K
CHARITABLE GIFT
2022
$12K
GENERAL SUPPORT
2022
$400K
For grant recipient's exempt purposes
2021
$400K
For grant recipient's exempt purposes
2021
$31K
For recipient's exempt purpose
2021
$10K
GENERAL PURPOSE
2021
$180K
For grant recipient's exempt purposes
2020
$40K
CHARITABLE GIFT
2020
$10K
GENERAL PURPOSE
2020
$5K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$5K
GENERAL USE AND/OR SPECIAL FUND/PROJECT
2020
$5K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2020
$5K
General & Unrestricted
2020
$340K
For grant recipient's exempt purposes
2019
$6K
COLLEGES AND UNIVERSITIES
2019
$163K
For grant recipient's exempt purposes
2018
$10K
GENERAL PURPOSE
2018
$10K
This grant is for the Scholarship Fund.
2018
$5K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2018
$1K
PROGRAM/OPERATING SUPPORT
2018

Funded by

$3.5M from 17 funders · 58 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$1.9M · 7 grants · 2018–2023

Donor Advised Charitable Giving Inc

$641K · 7 grants · 2017–2023

Foundation For The Carolinas

$177K · 4 grants · 2020–2024

National Philanthropic Trust

$175K · 5 grants · 2019–2023

Triangle Community Foundation Inc

$100K · 5 grants · 2018–2023

Vanguard Charitable Endowment Program

$97K · 4 grants · 2020–2023

The Ayco Charitable Foundation

$76K · 5 grants · 2019–2024

American Online Giving Foundation Inc

$64K · 2 grants · 2019–2020

Details

EIN562462593
NTEE codeB82
Subsection03
Ruling date2004-07
Formed2004
Employees0
Volunteers0
MOREHEAD SCHOLARSHIP FOUNDATION — Mission, Financials & Grants Received | Grantivo