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
MORGAN CHARITABLE FOUNDATION
ATTN RICK ELLIS
Number and street (or P.O. box number if mail is not delivered to street address)5901 COLLEGE BLVD 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OVERLAND PARK, KS66211
A Employer identification number

47-5577049
B Telephone number (see instructions)

(913) 319-0324
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$7,289,548J 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 53,099 53,099  
4 Dividends and interest from securities... 166,109 166,109  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 89,369
b Gross sales price for all assets on line 6a 957,973
7 Capital gain net income (from Part IV, line 2)... 89,369
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........ 308,577 308,577  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
342 342   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,965 4,965   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
23,958 23,006   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
508 508   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 29,773 28,821   0
25 Contributions, gifts, grants paid....... 337,000 337,000
26 Total expenses and disbursements. Add lines 24 and 25 366,773 28,821   337,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -58,196
b Net investment income (if negative, enter -0-) 279,756
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............. 5,022 5,022 5,022
2 Savings and temporary cash investments......... 133,189 79,421 79,421
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) 174,152 Click to see attachment
List of Attached Documents:
// Content
174,422 		173,686
b Investments—corporate stock (attach schedule)....... 2,739,436 Click to see attachment
List of Attached Documents:
// Content
2,588,610 		5,159,640
c Investments—corporate bonds (attach schedule)....... 1,599,944 Click to see attachment
List of Attached Documents:
// Content
1,639,366 		1,563,751
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).......... 184,159 Click to see attachment
List of Attached Documents:
// Content
102,146 		118,851
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
458 		Click to see attachment
List of Attached Documents:
// Content
189,177 		Click to see attachment
List of Attached Documents:
// Content
189,177
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,836,360 4,778,164 7,289,548
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
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)......... 0 0
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...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 4,836,360 4,778,164
29 Total net assets or fund balances (see instructions)..... 4,836,360 4,778,164
30 Total liabilities and net assets/fund balances (see instructions). 4,836,360 4,778,164
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
4,836,360
2
Enter amount from Part I, line 27a .....................
2
-58,196
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,778,164
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,778,164
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 5000 SHS ANHEUSER-BUSCH INBEV WLDW INC P 2022-08-03 2023-06-14
b 100 SHS CONSTELLATION BRANDS INC CL A P 2023-08-08 2023-12-29
c 5000 SHS INTEL CORP SR GLBL NT DTD 3/25/2020 P 2023-03-15 2023-08-16
d 1500 J P MORGAN EQUITY PREMIUM INCOME ETF P   2023-12-29
e 75 SHS MONOLITHIC POWER SYSTEMS INC P 2022-11-04 2023-08-08
400 SHS RTX CORPORATION P 2022-11-04 2023-08-08
200 SHS AMERICAN TOWER CORP REIT P 2016-06-02 2023-11-28
700 SHS AMPHENOL CORP P 2020-07-28 2023-10-24
SHS ANHEUSER-BUSCH INBEV WLDW INC P   2023-06-14
SHS BERKSHIRE HATHAWAY INC SR GLBL NT DTD 3/15/2016 P   2023-03-24
175 SHS CHARLES RIVER LABS INTL INC P   2023-10-24
400 SHS CROWN CASTLE INC P   2023-10-24
SHS CVS HEALTH CORP SENIOR NOTE DTD 7/20/2015 P   2023-12-05
SHS DISNEY WALT CO SR GLBL COCO DTD 3/23/20 P   2023-01-24
100 SHS EATON CORP PLC P 2021-10-13 2023-11-28
SHS INTEL CORP SR GLBL NT DTD 3/25/2020 P   2023-08-16
1500 SHS J P MORGAN EQUITY PREMIUM INCOME ETF P   2023-12-29
25 SHS LAM RESEARCH CORP P 2020-07-28 2023-10-24
35 SHS LULULEMON ATHLETICA INC P 2018-12-12 2023-12-11
200 SHS OLD DOMINION FREIGHT LINES INC P 2018-09-05 2023-08-15
500 SHS PAYPAL HOLDINGS INC P   2023-08-08
300 SHS PROLOGIS INC P 2022-11-22 2023-12-11
SHS SALESFORCE INC SR NT DTD 4/5/2018 P   2023-01-25
150 SHS TESLA MOTORS INC P   2023-10-24
SHS VNWARE INC SENIOR GLOBAL NOTE 3.9% P   2023-12-05
400 SHS CROWN CASTLE INC-ADDITIONAL BASIS P   2023-10-24
CAPITAL GAINS DIVIDENDS 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 4,852   5,052 -200
b 24,149   27,300 -3,151
c 4,617   4,718 -101
d 82,364   81,779 585
e 39,161   26,362 12,799
34,213   38,318 -4,105
40,555   21,305 19,250
55,440   36,632 18,808
41,730   43,668 -1,938
46,049   47,044 -995
32,118   26,494 5,624
35,199   30,659 4,540
40,018   41,727 -1,709
44,741   48,110 -3,369
22,510   15,357 7,153
39,704   47,989 -8,285
82,364   82,013 351
15,113   8,832 6,281
17,627   4,297 13,330
82,295   21,225 61,070
31,410   55,743 -24,333
36,633   34,410 2,223
38,190   39,501 -1,311
32,440   41,553 -9,113
34,439   36,355 -1,916
    2,161 -2,161
42     42
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       -200
b       -3,151
c       -101
d       585
e       12,799
      -4,105
      19,250
      18,808
      -1,938
      -995
      5,624
      4,540
      -1,709
      -3,369
      7,153
      -8,285
      351
      6,281
      13,330
      61,070
      -24,333
      2,223
      -1,311
      -9,113
      -1,916
      -2,161
      42
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 89,369
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  
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 3,889
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 0
3 Add lines 1 and 2........................... 3 3,889
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,889
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 4,933
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,933
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 0
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 1,044
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,044 Refundedright arrow 11 0
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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
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 arrowKS
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 arrowN/A
14
The books are in care ofright arrowMORGAN CHARITABLE FOUNDATION Telephone no.right arrow (913) 319-0320

Located atright arrow5901 COLLEGE BLVD SUITE 100OVERLAND PARKKS ZIP+4right arrow66211
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)
 
No
(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
 
 
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
TODD D MORGAN PRESIDENT/SECRETARY/DIRECTOR
1.00 		0 0 0
PO BOX 11332
OVERLAND PARK,KS66207
JEREMY MORGAN VICE PRESIDENT/DIRECTOR
1.00 		0 0 0
PO BOX 11332
OVERLAND PARK,KS66207
TIMOTHY MORGAN VICE PRESIDENT/DIRECTOR
1.00 		0 0 0
PO BOX 11332
OVERLAND PARK,KS66207
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 0
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 arrow0
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 N/A -- REFER TO PART XIV -- ALL OF THE FOUNDATION'S CHARITABLE ACTIVITIES ARE CASH CONTRIBUTIONS PAID DIRECTLY TO TAX EXEMPT CHARITABLE ORGANIZATIONS 0
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  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
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
6,805,969
b
Average of monthly cash balances.......................
1b
175,529
c
Fair market value of all other assets (see instructions)................
1c
25,484
d
Total (add lines 1a, b, and c).........................
1d
7,006,982
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
7,006,982
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
105,105
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,901,877
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
345,094
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
345,094
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,889
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,889
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
341,205
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
341,205
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
341,205
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
337,000
b
Program-related investments—total from Part VIII-B..................
1b
0
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
337,000
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 7 341,205
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 330,674
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 337,000
a Applied to 2022, but not more than line 2a 330,674
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 6,326
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(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 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
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...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		334,879
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) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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:
RICK ELLIS
5901 COLLEGE BOULEVARD SUITE 100
OVERLAND PARK,KS66211
(913) 319-0320
RICK.ELLIS@MIDWESTTRUST.COM
bThe form in which applications should be submitted and information and materials they should include:
BRIEF LETTER STATING GENERAL NATURE, GOALS, & PURPOSE OF REQUESTING ORGANIZATION
cAny submission deadlines:
SUBMISSION SHOULD BE MADE BY DECEMBER 31ST FOR REQUEST FOR FUNDS FOR NEXT CALENDAR YEAR
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
ORGANIZATION MUST BE TAX EXEMPT UNDER IRC 501(C)(3)
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

CHURCH OF THE RESURRECTION

13720 ROE AVENUE
LEAWOOD,KS66224 		N/A TAX EXEMPT ORGANIZAT CHANGE LIVES, RENEW CHURCHES AND TRANSFORM COMMUNITIES 200,000

YOUNG LIFE MIDWEST DEVELOPMENT

11300 N CENTRAL EXPRESSWAY SUITE
600
DALLAS,TX75243 		N/A TAX EXEMPT ORGANIZAT TO INTRODUCE ADOLESCENTS TO JESUS CHRIST AND HELP THEM GROW IN THEIR FAITH 10,000

STARLIGHT THEATRE ASSOCIATION OF KANSAS CITY

4600 STARLIGHT ROAD
KANSAS CITY,MO64132 		N/A TAX EXEMPT ORGANIZAT TO CONNECT OUR COMMUNITY THROUGH LIVE ARTS EXPERIENCES THAT ENTERTAIN, INSPIRE AND ENGAGE 100,000

RHODES COLLEGE

2000 NORTH PARKWAY
MEMPHIS,TN38112 		N/A TAX EXEMPT ORGANIZAT TO PROVIDE A RESIDENTIAL PLACE OF LEARNING THAT INSPIRES INTEGRITY AND HIGH ACHIEVEMENT THROUGH ITS BEAUTY, ITS EMPHASIS ON VALUE, ITS PRESBYTERIAN HISTORY, AND ITS HERITAGE AS A LEADER IN THE LIBERAL ARTS AND SCIENCES 25,000

NORTHLAND THERAPEUTIC RIDING CENTER

13608 HENSON ROAD
HOLT,MO64048 		N/A TAX EXEMPT ORGANIZAT TO IMPROVE THE QUALITY OF LIFE FOR PERSONS WITH SPECIAL NEEDS THROUGH EQUINE ASSISTED ACTIVITIES AND THERAPIES 2,000
Total .................................right arrow 3a 337,000
bApproved for future payment
Total ................................. right arrow 3b 0
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 53,099  
4 Dividends and interest from securities ....     14 166,109  
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 89,369  
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) .. 0 308,577 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
308,577
(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:
MORGAN CHARITABLE FOUNDATION
 
ATTN RICK ELLIS
EIN:
47-5577049
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
O'HALLORAN SHERMAN ASSOCIATES, LLC-ACCOUNTING FOR ACTIVITY AND 0 0   0
PREPARATION OF FORM 990-PF. ASSIST WITH COMPLIANCE OF 0 0   0
PRIVATE FOUNDATION RULES AND REGULATIONS. 4,965 4,965   0

TY 2023 InvestmentsCorpBondsSchedule
Name:
MORGAN CHARITABLE FOUNDATION
 
ATTN RICK ELLIS
EIN:
47-5577049
Name of Bond End of Year Book Value End of Year Fair Market Value
AMGEN INC SR GLBL NT DTD 5/22/2014 3.625% 47,263 46,623
APPLE INC SR NOTE DTD 8/8/2022 3.35% 58,141 56,458
CVS HEALTH CORP SENIOR GLOBAL NOTE DTD 6/20/2023 5.35% 39,940 41,122
MCDONALDS CORP MED TERM NT DTD 12/9/2015 3.7% 57,334 55,052
WELLS FARGO CO DTD 9/28/2015 3.55% 56,663 54,728
CAPITAL ONE FINANCIAL CORP SENIOR GLOBAL NOTE 3.75% 3/9/27 52,606 49,683
KEYCORP MEDIUM TERM NTS BE FR DTD 4/23/18 4.1% 4/30/28 46,008 42,243
ACTIVISION BLIZZARD INC SR GLBL NT DTD 3/15/2017 3.4% 34,720 33,156
JP MORGAN CHASE BANK NT DTD 7/23/2018 4.203% 50,071 45,713
STARBUCKS CORP SR GLBL NT DTD 8/10/2018 3.8% 47,745 46,146
SYNCHRONY FINANCIAL SR GLBL NT DTD 8/11/2014 4.25% 43,692 42,525
GOLDMAN SACHS GROUP INC SR GLBL NOTE 3.5% 49,564 48,166
VERIZON COMMUNICATIONS INC SR GLBL NT DTD 3/13/2017 4.125% 50,954 49,300
AT & T INC SR GLBL NT DTD 8/15/2018 4.1% 47,647 43,035
BANK OF AMERICA CORP FIXED TO FLOAT DTD 7/23/2019 3.194% 49,260 42,663
BLACKROCK INC SR GLBL NT DTD 4/29/19 3.25% 38,590 34,619
CITIGROUP INC SR GLBL NT DTD 10/23/17 3.52% 51,054 45,432
GENERAL ELECTRIC CO SR GLBL NT DTD 4/22/2020 3.45% 41,026 39,049
HUNTINGTON BANCSHARES INC GLBL NT DTD 2/4/2020 2.55% 28,253 23,991
ABBVIE INC SR GLBL NT DTD 5/21/2020 2.95% 41,612 38,376
AON CORP SR GLBL NT DTD 5/15/20 2.8% 50,362 44,414
BROADCOM INC SR GLBL NT DTD 5/21/2020 4.11% 43,913 41,064
CIGNA CORP SR GLBL NT DTD 5/15/19 4.125% 47,495 44,426
GENERAL MOTORS FIN CO INC SR GLBL NT DTD 6/10/21 45,011 41,251
MORGAN STANLEY FIXED TO FLOAT DTD 7/20/21 1.512% 51,631 47,516
ORACLE CORP SR GLBL NT DTD 3/24/21 1.65% 58,347 54,130
AMAZON.COM INC SR GLOBAL NOTE DTD 4/13/2022 3.3% 39,971 38,874
LOWES COS INC SR NOTE DTD 3/24/22 3.75% 39,436 37,498
PNC FINANCIAL SERVICES GROUP INC SR NOTE FIXED TO FLOAT DTD 10/28/22 6.037% 35,432 36,633
TRUIST FINANCIAL CORP FIXED TO FLOAT DTD 6/6/22 4.123% 32,024 32,762
BANK NEW YORK MELLON CORP FIXED TO FLOAT 4.706% 48,869 48,021
META PLATFORMS INC GLBL NT DTD 5/3/2023 4.95% 43,058 45,515
FIFTH THIRD BANCORP SR GLBL NT FIXED TO FLOAT DTD 10/27/22 6.361% 45,806 46,716
MARRIOTT INTERNATIONAL INC SR GLBL NT DTD 3/27/23 4.9% 39,529 40,298
STATE STREET CORP SR GLBL NT FIXED TO FLOAT DTD 1/23/23 4.821% 49,784 49,301
SYSCO CORP CR SEN SR GLBL DTD 4/20/20 5.95% 36,555 37,252

TY 2023 InvestmentsCorpStockSchedule
Name:
MORGAN CHARITABLE FOUNDATION
 
ATTN RICK ELLIS
EIN:
47-5577049
Name of Stock End of Year Book Value End of Year Fair Market Value
35,536 SHS VALLEY VIEW BANCSHARES 1,151,366 2,157,035
400 SHS ABBVIE INC 36,915 61,988
1300 SHS ALPHABET INC CL C 95,839 183,209
1600 SHS AMAZON.COM INC 167,024 243,104
1600 SHS APPLE INC 41,881 308,048
200 SHS COSTCO WHOLESALE CORP 30,847 132,016
200 SHS HOME DEPOT INC 27,648 69,310
400 SHS JP MORGAN CHASE & CO 36,501 68,040
100 SHS LOCKHEED MARTIN CORP 31,052 45,324
725 SHS MICROSOFT CORP 90,113 272,629
325 SHS UNION PACIFIC CORP 28,744 79,827
400 SHS VISA INC CL A 32,248 104,140
375 SHS ZOETIS INC CL A 36,934 74,014
150 SHS NETFLIX INC 63,589 73,032
200 SHS STRYKER CORP 32,988 59,892
125 SHS UNITEDHEALTH GROUP INC 28,900 65,809
76 SHS LULULEMON ATHLETICA INC 9,330 38,858
500 SHS NVIDIA CORP 20,002 247,610
150 SHS BERKSHIRE HATHAWAY INC CLASS B 28,183 53,499
350 SHS CHEVRON CORP 34,579 52,206
50 SHS LAM RESEARCH CORP 12,197 39,163
135 SHS SERVICENOW INC 55,030 95,376
225 SHS SHERWIN WILLIAMS CO 49,145 70,177
100 SHS THERMO FISHER SCIENTIFIC INC 34,008 53,079
2000 SHS WILLIAMS COS INC 46,871 69,660
125 SHS DEERE & CO INC 41,275 49,984
325 SHS TESLA MOTORS INC 72,741 80,756
250 SHS EATON CORP PLC 34,072 60,205
800 SHS COPART INC 25,712 39,200
50 SHS ASML HOLDING N V 29,030 37,846
150 SHS META PLATFORMS INC CL A 47,539 53,094
90 SHS ELI LILLY & CO 52,972 52,463
65 SHS NORTHROP GRUMMAN CORP 28,182 30,429
75 SHS SYNOPSYS INC 35,153 38,618

TY 2023 InvestmentsGovtObligationsSch
Name:
MORGAN CHARITABLE FOUNDATION
 
ATTN RICK ELLIS
EIN:
47-5577049
US Government Securities - End of Year Book Value:

174,422
US Government Securities - End of Year Fair Market Value:

173,686
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
MORGAN CHARITABLE FOUNDATION
 
ATTN RICK ELLIS
EIN:
47-5577049
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
350 SHS ISHARES RUSSELL 2000 INDEX AT COST 57,248 70,248
650 SHS VANGUARD FTSE DEVELOPED MARKETS ETF AT COST 26,928 31,135
425 SHS VANGUARD FTSE EMERGING MARKETS ETF AT COST 17,970 17,468

TY 2023 LegalFeesSchedule
Name:
MORGAN CHARITABLE FOUNDATION
 
ATTN RICK ELLIS
EIN:
47-5577049
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SPENCER FANE-REVIEW OF FORM 990-PF AND ASSIST WITH COMPLIANCE OF PRIVATE 0 0   0
FOUNDATION RULES AND REGULATIONS 342 342   0


TY 2023 OtherAssetsSchedule
Name:
MORGAN CHARITABLE FOUNDATION
 
ATTN RICK ELLIS
EIN:
47-5577049
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDENDS DUE -- MIDWEST TRUST 458 299 299
SALE PROCEEDS DUE -- MIDWEST TRUST   188,878 188,878


TY 2023 OtherProfessionalFeesSchedule
Name:
MORGAN CHARITABLE FOUNDATION
 
ATTN RICK ELLIS
EIN:
47-5577049
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES-MIDWEST TRUST COMPANY 23,006 23,006   0
ADDITIONAL FEES-MIDWEST TRUST 952 0   0


TY 2023 TaxesSchedule
Name:
MORGAN CHARITABLE FOUNDATION
 
ATTN RICK ELLIS
EIN:
47-5577049
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX PAID ON INVESTMENT INCOME 468 468   0
TAXES AND LICENSES-KANSAS ANNUAL REPORT 40 40   0