Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
MORLEY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)ONE TUSCOLA STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAGINAW, MI48605
A Employer identification number

38-6055569
B Telephone number (see instructions)

(989) 753-3438
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$4,246,615J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 10,261 10,261  
4 Dividends and interest from securities... 91,070 91,070  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 188,378
b Gross sales price for all assets on line 6a 1,019,886
7 Capital gain net income (from Part IV, line 2)... 188,378
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 289,709 289,709  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 50,379 12,595   37,784
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 6,479 1,620   4,859
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
16,545 12,409   4,136
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
29,547 25,202   4,345
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,627     3,627
22 Printing and publications.......... 414     414
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
534 534    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 107,525 52,360   55,165
25 Contributions, gifts, grants paid....... 190,950 190,950
26 Total expenses and disbursements. Add lines 24 and 25 298,475 52,360   246,115
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -8,766
b Net investment income (if negative, enter -0-) 237,349
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 47,502 116,656 116,656
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,969,565 Click to see attachment
List of Attached Documents:
// Content
4,129,959 		4,129,959
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,017,067 4,246,615 4,246,615
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 87,883 53,670
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 87,883 53,670
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 3,929,184 4,192,945
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 3,929,184 4,192,945
30 Total liabilities and net assets/fund balances (see instructions). 4,017,067 4,246,615
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,929,184
2
Enter amount from Part I, line 27a .....................
2
-8,766
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
272,527
4
Add lines 1, 2, and 3 ..........................
4
4,192,945
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,192,945
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a MORGAN STANLEY SALES - 9064 P    
b MORGAN STANLEY SALES - 9064 P    
c MORGAN STANLEY SALES - 2064 P    
d MORGAN STANLEY SALES - 2064 P    
e MORGAN STANLEY SALES - 4064 P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 179,048   189,323 -10,275
b 330,490   355,545 -25,055
c 4,264   4,944 -680
d 280,749   140,413 140,336
e 165,676   141,283 24,393
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -10,275
b       -25,055
c       -680
d       140,336
e       24,393
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 188,378
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -10,955
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 3,299
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 3,299
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,299
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,373
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,373
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 8
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 66
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow66 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowHTTPS://WWW.MORLEYFDN.ORG/
14
The books are in care ofright arrowPETER MORLEY JR Telephone no.right arrow (989) 791-0155

Located atright arrowONE TUSCOLAPO BOX 2485SAGINAWMI ZIP+4right arrow486052485
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
PETER MORLEY JR PRESIDENT
40.00 		35,685 0 0
PO BOX 2485
SAGINAW,MI48605
DAVID MORLEY VICE PRESIDE
1.00 		0 0 0
PO BOX 2485
SAGINAW,MI48605
CAROL MORLEY BECK VICE PRESIDE
1.00 		0 0 0
PO BOX 2485
SAGINAW,MI48605
CHRISTINE BLACK SECRETARY
1.00 		0 0 0
PO BOX 2485
SAGINAW,MI486022485
JONATHAN C MORLEY TRUSTEE
20.00 		14,694 0 0
PO BOX 2485
SAGINAW,MI486022485
MORLEY ANNE BLAND TRUSTEE
1.00 		0 0 0
26 PIERREPONT ST
BROOKLYN,NY11201
MICHAEL MORLEY BRAND TRUSTEE
1.00 		0 0 0
PO BOX 2485
SAGINAW,MI48605
GEORGE MORLEY JR TRUSTEE
1.00 		0 0 0
PO BOX 2485
SAGINAW,MI48605
SARA MORLEY LACROIX TRUSTEE
1.00 		0 0 0
PO BOX 2485
SAGINAW,MI48605
MICHAEL MORLEY TRUSTEE
1.00 		0 0 0
PO BOX 2485
SAGINAW,MI48605
JODONA MORLEY KINNEY TRUSTEE
1.00 		0 0 0
PO BOX 2485
SAGINAW,MI48605
PETER MORLEY SR HONORARY TRU
1.00 		0 0 0
PO BOX 2485
SAGINAW,MI48605
CHASE BRAND TRUSTEE
1.00 		0 0 0
PO BOX 2485
SAGINAW,MI48605
RICHARD THOMSON TRUSTEE
1.00 		0 0 0
PO BOX 2485
SAGINAW,MI48605
TOM THOMSON TRUSTEE
1.00 		0 0 0
PO BOX 2485
SAGINAW,MI48605
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
4,029,832
b
Average of monthly cash balances.......................
1b
53,474
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
4,083,306
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
4,083,306
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
61,250
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,022,056
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
201,103
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
201,103
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,299
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,299
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
197,804
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
197,804
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
197,804
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
246,115
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
246,115
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 197,804
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 25,209
b From 2019......  
c From 2020...... 1,279
d From 2021...... 8,299
e From 2022...... 38,662
f Total of lines 3a through e ........ 73,449
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 246,115
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 197,804
e Remaining amount distributed out of corpus 48,311
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 121,760
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		25,209
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		96,551
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020.... 1,279
c Excess from 2021.... 8,299
d Excess from 2022.... 38,662
e Excess from 2023.... 48,311
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
PETER MORLEY JR
ONE TUSCOLA
PO BOX 2485
SAGINAW,MI486052485
(989) 791-0155
MORLEYFAMILYFOUNDATION@GMAIL.COM
bThe form in which applications should be submitted and information and materials they should include:
ONE PAGE LETTER
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ARBOR DAY FOUNDATION

211 N 12TH STREET
LINCOLN,NE68508 		NONE PC CIVIC IMPROVEMENT 250

ARCS FOUNDATION

24520 HAWTHORNE BLVD
SUITE 113
TORRANCE,CA90505 		NONE PC WELFARE 400

BAYSAIL

801 N WATER ST
BAY CITY,MI48708 		NONE PC EDUCATION 3,500

BOY SCOUTS OF AMERICA

5001 11 MILE ROAD
AUBURN,MI48611 		NONE PC EDUCATION 2,500

BOYS & GIRLS CLUB OF LAKE COUNTY

18801 SHERIDAN ROAD
202
NORTH CHICAGO,IL60064 		NONE PC EDUCATION 1,000

BRIGHTON LIBRARY

100 LIBRARY DRIVE
BRIGHTON,MI48116 		NONE PC EDUCATION 500

CHALLENGE MOUNTAIN

2205 N SPRINGBROOK RD
BOYNE FALLS,MI49713 		NONE PC WELFARE 1,500

CHARLEVOIX CIRCLE OF ARTS

109 CLINTON ST
CHARLEVOIX,MI49720 		NONE PC ARTS 750

CHILD & FAMILY SERVICES OF SAGINAW

2838 AUTOMOTIVE CENTRE RD
SAGINAW,MI48603 		NONE PC WELFARE 4,000

CRANBROOK EDUCATIONAL COMMUNITY

39221 WOODWARD AVE
BLOOMFIELD HILLS,MI48303 		NONE PC EDUCATION 4,500

CRAWFORD COUNTY COMMISSION OF AGING

4388 M-72 E
GRAYLING,MI49738 		NONE PC HEALTH 900

CROOKED TREE ARTS CENTER

461 EAST MITCHELL
PETOSKEY,MI49770 		NONE PC ARTS 750

DARIAN LOCKLEAR PROJECT

6750 MOUNTAIN RIDGE DR
BRIGHTON,MI48116 		NONE PC WELFARE 500

DEERFIELD ACADEMY

7 BOYDEN LN
DEERFIELD,MA01342 		NONE PC EDUCATION 1,000

DELTA COLLEGE

1961 DELTA RD
UNIVERSITY CENTER,MI48710 		NONE PC EDUCATION 4,000

DELTA COLLEGE BROADCASTING

1961 DELTA RD
UNIVERSITY CENTER,MI48710 		NONE PC EDUCATION 18,200

FIRST CONGREGATIONAL CHURCH

403 S JEFFERSON AVE
SAGINAW,MI48607 		NONE PC CIVIC IMPROVEMENT 500

FIRST PRESBYTERIAN CHURCH
OF LAKE FOREST
700 NORTH SHERIDAN RD
LAKE FOREST,IL60045 		NONE PC CIVIC IMPROVEMENT 500

FIRST WARD COMMUNITY CENTER

29124 ETON ST
WESTLAND,MI48186 		NONE PC WELFARE 250

FIVE ARTS CIRCLE

15849 N 71ST ST
SCOTTSDALE,AZ85254 		NONE PC ARTS 500

FOOD BANK OF EASTERN MICHIGAN

2300 LAPEER RD
FLINT,MI48503 		NONE PC WELFARE 5,000

FRIENDS OF COLUMBIA GORGE

333 SW 5TH AVE
303
PORTLAND,OR97204 		NONE PC CIVIC IMPROVEMENT 250

FRIENDS OF HOYT PARK

PO BOX 1562
SAGINAW,MI48605 		NONE PC CIVIC IMPROVEMENT 12,500

FRIENDS OLD NEW AND SOCIAL

7552 W CARO RD
REESE,MI48757 		NONE PC WELFARE 100

GATEWAY COMMUNITY COLLEGE
FOUNDATION
111 DAYS AVE
BUCHANAN,MI49107 		NONE PC EDUCATION 1,000

GIRL SCOUTS HEART OF MICHIGAN

5470 DAVIS RD
SAGINAW,MI48604 		NONE PC EDUCATION 2,500

HABITAT FOR HUMANITY OF SAGINAW

315 W HOLLAND ST
SAGINAW,MI48602 		NONE PC CIVIC IMPROVEMENT 2,500

HIGGINS LAKE FOUNDATION

207 TERRACE DR
ROSCOMMON,MI48653 		NONE PC CIVIC IMPROVEMENT 200

HIGGINS LAKE PROPERTY OWNERS
ASSOCIATION
211 N MAIN ST
ROSCOMMON,MI48653 		NONE PC ENVIRONMENT 750

HILLSDALE COLLEGE

33 E COLLEGE ST
HILLSDALE,MI49242 		NONE PC EDUCATION 1,000

HOSPITALITY HOUSE OF SAGINAW

1701 NORTH MICHIGAN AVE
SAGINAW,MI48602 		NONE PC HEALTH 1,000

INTEGRATED RESETTLEMENT
IMMIGRATION SERVICES
235 NICOLL STREET
NEW HAVEN,CT06511 		NONE PC WELFARE 1,000

INTERLOCHEN CENTER FOR THE ARTS

PO BOX 199
INTERLOCHEN,MI49643 		NONE PC ARTS 2,000

JAPANESE CULTURAL CENTER &
TEA HOUSE
527 EZRA RUST DR
SAGINAW,MI48601 		NONE PC CIVIC IMPROVEMENT 2,000

JUNIOR LEAGUE OF KALAMAZOO

5047 W MAIN ST 260
KALAMAZOO,MI49009 		NONE PC CIVIC IMPROVEMENT 100

KALAMAZOO ANTI-HUMAN
TRAFFICKING COALITION
PO BOX 19935
KALAMAZOO,MI49019 		NONE PC WELFARE 2,100

KIRTLAND COMMUNITY COLLEGE
FOUNDATION
10775 N ST HELEN ROAD
ROSCOMMON,MI48653 		NONE PC EDUCATION 4,000

KIRTLAND'S WARBLER ALLIANCE

2310 SCIENCE PARKWAY
SUITE 302
OKEMOS,MI48864 		NONE PC EDUCATION 1,000

LACASA

2895 W GRAND RIVER
HOWELL,MI48843 		NONE PC EDUCATION 500

LEGACY LAND CONSERVANCY

6276 JACKSON RD
ANN ARBOR,MI48103 		NONE PC ENVIRONMENT 200

LEUKEMIA AND LYMPHOMA SOCIETY

PO BOX 772395
DETROIT,MI48277 		NONE PC HEALTH 250

MAJOR CHORDS FOR MINORS

403 S JEFFERSON AVE
SAGINAW,MI48607 		NONE PC EDUCATION 10,500

MICHIGAN LEGACY ART PARK

12500 CRYSTAL MOUNTAIN DR
THOMPSONVILLE,MI49683 		NONE PC ARTS 500

MULTIPLE SCLEROSIS SOCIETY

29777 TELEGRAPH RD
SOUTHFIELD,MI48034 		NONE PC HEALTH 100

NORTH CENTRAL MICHIGAN COLLEGE

1515 HOWARD ST
PETOSKEY,MI49770 		NONE PC EDUCATION 2,000

NORTHERN COMMUNITY MEDIATION

415 STATE ST
PETOSKY,MI49770 		NONE PC WELFARE 500

OLD TOWN CHRISTIAN OUTREACH CENTER

600 GRATIOT AVE
SAGINAW,MI48602 		NONE PC WELFARE 250

OREGON FOOD BANK

7900 NE 33RD DR
PORTLAND,OR97211 		NONE PC WELFARE 500

OREGON PUBLIC BROADCASTING

7140 SW MACADAM AVENUE
PORTLAND,OR97219 		NONE PC EDUCATION 350

PARTNERSHIP FOR THE ARTS &
HUMANITIES
50755 CHERRY HILL ROAD
STE 10
CANTON,MI48188 		NONE PC ARTS 200

PHILLIPS EXETER ACADEMY

20 MAIN ST
EXETER,NH03833 		NONE PC EDUCATION 500

PLANNED PARENTHOOD

2650 MCLEOD DR
SAGINAW,MI48604 		NONE PC WELFARE 1,250

PRIDE IN SAGINAW INC

101 N WASHINGTON AVE
PO BOX 872
SAGINAW,MI48606 		NONE PC ARTS 2,000

READ ASSOCIATION OF
SAGINAW COUNTY
100 S JEFFERSON
401
SAGINAW,MI48607 		NONE PC EDUCATION 6,000

RESURRECTION LUTHERAN CHURCH

2110 BROCKWAY RD
SAGINAW,MI48602 		NONE PC WELFARE 1,000

ROSCOMMON COUNTY
COMMUNITY FOUNDATION
701 LAKE ST
ROSCOMMON,MI48653 		NONE PC CIVIC IMPROVEMENT 200

SAGINAW BASIN LAND CONSERVANCY

1008 N JOHNSON ST
BAY CITY,MI48708 		NONE PC EDUCATION 7,700

SAGINAW BAY COMMUNITY SAILING ASSOC

100 5TH ST
BAY CITY,MI48708 		NONE PC EDUCATION 1,500

SAGINAW CHORAL SOCIETY

201 N WASHINGTON AVE
SAGINAW,MI48607 		NONE PC ARTS 2,500

SAGINAW PUBLIC LIBRARIES

505 JANES AVENUE
SAGINAW,MI48607 		NONE PC CIVIC IMPROVEMENT 20,000

SALVATION ARMY

2030 N CAROLINA ST
SAGINAW,MI48602 		NONE PC WELFARE 250

SELF LOVE BEAUTY

2916 ABBOTT ROAD
MIDLAND,MI48642 		NONE PC EDUCATION 2,500

ST CHARLES AREA MUSEUM

103 S SAGINAW ST
ST CHARLES,MI48655 		NONE PC CIVIC IMPROVEMENT 1,000

TEMPLE ARTS

201 N WASHINGTON AVE
SAGINAW,MI48607 		NONE PC CIVIC IMPROVEMENT 10,000

THE FOOTE SCHOOL

50 LOOMIS PL
NEW HAVEN,CT06511 		NONE PC EDUCATION 2,000

UNDERGROUND RAILROAD INC

N/A
N/A
SAGINAW,MI48602 		NONE PC WELFARE 250

UNITED ANIMAL NATIONS RED ROVER

PO BOX 188890
SACRAMENTO,CA95818 		NONE PC WELFARE 200

URBAN TENNIS FOUNDATION

1760 FORDNEY ST
SAGINAW,MI48601 		NONE PC CIVIC IMPROVEMENT 5,000

WOMANS NATIONAL FARM AND GARDEN

PO BOX 7512
BLOOMFIELD HILLS,MI48302 		NONE PC CIVIC IMPROVEMENT 250

YMCA OF SAGINAW

1915 FORDNEY ST
SAGINAW,MI48601 		NONE PC EDUCATION 26,000
Total .................................right arrow 3a 190,950
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 10,261  
4 Dividends and interest from securities ....     14 91,070  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 128,719 59,659
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   230,050 59,659
13Total. Add line 12, columns (b), (d), and (e)..................
13
289,709
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
MORLEY FOUNDATION
EIN:
38-6055569
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 16,545 12,409   4,136

TY 2023 InvestmentsCorpStockSchedule
Name:
MORLEY FOUNDATION
EIN:
38-6055569
Name of Stock End of Year Book Value End of Year Fair Market Value
SECURITIES 4,129,959 4,129,959

TY 2023 OtherExpensesSchedule
Name:
MORLEY FOUNDATION
EIN:
38-6055569
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
MISCELLANEOUS 534 534    


TY 2023 OtherIncreasesSchedule
Name:
MORLEY FOUNDATION
EIN:
38-6055569
Description Amount
CHANGE IN PLEDGE COMMITMENTS 34,213
RETURN OF CAPITAL 8,309
UNREALIZED GAIN ON SECURITIES 230,005


TY 2023 OtherProfessionalFeesSchedule
Name:
MORLEY FOUNDATION
EIN:
38-6055569
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES - CHARITABLE 4,345     4,345
INVESTMENT FEES 25,202 25,202