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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
MARGARET T MORRIS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 592
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PRESCOTT, AZ86302
A Employer identification number

86-6057798
B Telephone number (see instructions)

(480) 630-5489
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$36,442,410J 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 33,933 33,933 33,933
4 Dividends and interest from securities... 909,515 909,515 909,515
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 684,188
b Gross sales price for all assets on line 6a 687,331
7 Capital gain net income (from Part IV, line 2)... 684,188
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........ 1,627,636 1,627,636 943,448
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 89,243 25,431 0 63,812
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
4,750 4,750 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
17,221 17,221 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,071 5,071 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 116,285 52,473 0 63,812
25 Contributions, gifts, grants paid....... 1,547,279 1,547,279
26 Total expenses and disbursements. Add lines 24 and 25 1,663,564 52,473 0 1,611,091
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -35,928
b Net investment income (if negative, enter -0-) 1,575,163
c Adjusted net income (if negative, enter -0-)... 943,448
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 6,144 923 923
2 Savings and temporary cash investments......... 354,553 641,430 641,430
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).......      
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) Click to see attachment
List of Attached Documents:
// Content
1,567,228 		Click to see attachment
List of Attached Documents:
// Content
1,572,021 		Click to see attachment
List of Attached Documents:
// Content
35,800,057
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,927,925 2,214,374 36,442,410
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........ 10,771,489 10,771,489
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -8,843,564 -8,557,115
29 Total net assets or fund balances (see instructions)..... 1,927,925 2,214,374
30 Total liabilities and net assets/fund balances (see instructions). 1,927,925 2,214,374
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
1,927,925
2
Enter amount from Part I, line 27a .....................
2
-35,928
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
322,377
4
Add lines 1, 2, and 3 ..........................
4
2,214,374
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
2,214,374
Form 990-PF (2024)
Form 990-PF (2024)
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 Berkshire Hathaway Class A   1980-01-01 2024-12-16
b
c
d
e
(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 687,331   3,143 684,188
b
c
d
e
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       684,188
b
c
d
e
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 2 684,188
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 0
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 21,895
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 21,895
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 21,895
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 19,841
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 19,841
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 2,054
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
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
 
No
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 arrowAZ
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 2024 or the taxable year beginning in 2024? 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 arrowTHOMAS E POLK Telephone no.right arrow (480) 630-5489

Located atright arrowPO BOX 592PRESCOTTAZ ZIP+4right arrow86302
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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
Thomas E Polk Trustee
20.00 		49,747 0 0
PO Box 592
Prescott,AZ86302
John T Polk Trustee
10.00 		19,748 0 0
PO Box 592
Prescott,AZ86302
Stephen W Polk Trustee
10.00 		19,748 0 0
PO Box 592
Prescott,AZ86302
Sheila Polk Office Manager
10.00 		0 0 0
PO Box 592
Prescott,AZ86302
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 (2024)
Form 990-PF (2024)
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  
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 (2024)
Form 990-PF (2024)
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
36,368,085
b
Average of monthly cash balances.......................
1b
674,107
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
37,042,192
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
37,042,192
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
555,633
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
36,486,559
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,824,328
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
1,824,328
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
21,895
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
21,895
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,802,433
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,802,433
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
1,802,433
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
1,611,091
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
1,611,091
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,802,433
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,528,100
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,611,091
a Applied to 2023, but not more than line 2a 1,528,100
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 2024 distributable amount..... 82,991
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		1,719,442
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
THOMAS E POLK
PO BOX 592
PRESCOTT,AZ86302
(480) 630-5489
MTMORRISFOUNDATION@GMAIL.COM
bThe form in which applications should be submitted and information and materials they should include:
INTERNALLY INITIATED GRANTS COMPRISE VIRTUALLY ALL OF THE CURRENT GRANT MAKING OF THE FOUNDATION.
cAny submission deadlines:
INFORMATIONAL LETTERS WILL BE ACCEPTED, BUT MAY NOT BE RESPONDED TO
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NO LOANS OR GRANTS TO INDIVIDUALS, NOR TO RELIGIOUS ORGANIZATIONS OR THEIR AGENCIES
Form 990-PF (2024)
Form 990-PF (2024)
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

A New Leaf

868 E University Drive
Mesa,AZ852038033 		    General Purposes 10,000

Act One Foundation

910 E Osborn Road Suite B-1
Phoenix,AZ85014 		    New Executive Director: Dr. Beth Maloney 5,000

Adult Center of Prescott

1280 E Rosser Street Suite B
Prescott,AZ86301 		    new chairs 7,500

Agape House of Prescott

303 E Gurley St 459
Prescott,AZ86301 		    Prescott Valley Expansion Project 25,000

Andre House

PO Box 2014
Phoenix,AZ850012014 		    General Purposes 5,000

Arizona Autism United

5025 E Washington Street Suite 212
Phoenix,AZ85034 		    General Purposes 10,000

Arizona Citizens for the Arts

PO Box 13331
Phoenix,AZ85002 		    General Purposes 10,000

Arizona Community Foundation of Yavapai County

300 E Willis Street Suite B
Prescott,AZ86301 		    For new theatre group at PCA building 10,000

Arizona Crisis Team

PO Box 27076
Prescott Valley,AZ86312 		    General Purposes 10,000

Arizona Food Bank Network

340 E Coronado Road Suite 400
Phoenix,AZ850041524 		    April Bradham, President & CEO 10,000

Arizona Friends of Foster Children Foundation

360 E Coronado Rd Suite 190
Phoenix,AZ85004 		    Focus Forward 50,000

Arizona Opera

1636 N Central Avenue
Phoenix,AZ85004 		    General Purposes 10,000

Arizona Philharmonic

406 Arena Drive
Prescott,AZ86301 		    General Purposes 5,000

Arizona State Railroad Museum Foundation

200 W Railroad Avenue
Williams,AZ86046 		    General Purposes 10,000

Arizona State University Foundation Gammage

PO Box 870205
Tempe,AZ852870205 		    10,000 Beyond Series Programming, $50,000 Floor renovation 60,000

Arizona Theatre Company

PO Box 61893
Phoenix,AZ85082 		    General Purposes 7,500

Arizonans for Children Inc

2435 E La Jolla Drive
Tempe,AZ85282 		    General Purposes 5,000

Arizona's Children Association

4524 N Maryvale Parkway Suite 220
Phoenix,AZ85031 		    Las Familias Program 5,000

Ballet AZ

2835 E Washington Street
Phoenix,AZ85034 		    Pam Craven, Corporate & Foundation Manager 15,000

Boyce Thompson Arboretum

37615 E Arboretum Way
Superior,AZ85173 		    learning lab 10,000

Boys & Girls Clubs of Central AZ

335 E Aubrey Street
Prescott,AZ86303 		    General Purposes 15,000

Breckenridge Outdoor Education Center

PO Box 697
Breckenridge,CO80424 		    General Purposes 2,500

CALA Alliance

316 W McDowell Road Suite 203
Phoenix,AZ85003 		    General Purposes 10,000

Camp Not-A-Wheeze

2689 E Michelle Way
Gilbert,AZ85234 		    General Purposes 5,000

Center for the Rights of Abused Children

3900 East Camelback Rd Suite 300
Phoenix,AZ85018 		    General Purposes 5,000

Central Arizona Land Trust

PO Box 1050
Prescott,AZ86302 		    General Purposes 5,000

Central Arizona Shelter Services

230 S 12th Avenue
Phoenix,AZ85007 		    General Purposes 10,000

Children's Clinics

2600 N Wyatt Drive
Tucson,AZ85712 		    General Purposes 10,000

Children's Museum of Phoenix

215 N 7th Street
Phoenix,AZ850341012 		    General Purposes 10,000

Childsplay Theatre

900 S Mitchell Dr
Tempe,AZ85281 		    General Purposes 25,000

Circle the City

300 W Clarendon Ave Suite 200
Phoenix,AZ85013 		    General Purposes 20,000

Coalition for Compassion and Justice

PO Box 1882
Prescott,AZ86302 		    General Purposes 20,000

Dance Theatre of Harlem

466 West 152nd Street
New York,NY10031 		    General Purposes 5,000

Detour Company Theater

PO Box 697
Scottsdale,AZ85252 		    (2024) Simon Ridley, Executive Director 5,000

Embry-Riddle Aeronautical University

3700 Willow Creek Road
Prescott,AZ86301 		    $30k STEM Outreach Girls; $20k EagleSat/HuLC 50,000

First Tee Phoenix

3837 E Wier Ave 7
Phoenix,AZ85040 		    Inclusion Initiative 15,000

Flagstaff Shelter Services

PO Box 1808
Flagstaff,AZ86002 		    General Purposes 5,000

Foundation for Blind Children

1234 E Northern Avenue
Phoenix,AZ85020 		    (2024 new CEO) Jared Kittelson 15,000

Gardner Family Teacher Scholarships (GiFTS)

2970 Centerpointe East Drive
Prescott,AZ86301 		    General Purposes 2,500

Grand Canyon Conservancy

PO Box 399
Grand Canyon,AZ86023 		    Celebration of Art Sept. 2024 5,000

Great Hearts Arizona

701 N 44th Street
Phoenix,AZ85008 		    Support Gala and Teachers Excellence Fund 5,000

Great Hearts Scottsdale Preparatory Academy

16537 N 94th Street
Scottsdale,AZ85260 		    security vestibule 15,000, playground 15,000 30,000

Highlands Center for Natural History

1375 S Walker Road
Prescott,AZ86303 		    General Purposes 15,000

James Family Prescott YMCA

750 Whipple Street
Prescott,AZ86301 		    Prescott Valley Expansion 100,000

Launch Pad Teen Center

424 6th Street
Prescott,AZ86301 		    General Purposes 10,000

Meals on Wheels Prescott

1280 E Rosser Street Suite A
Prescott,AZ86301 		    General Purposes 5,000

Museum of Indigenous People

147 N Arizona Ave
Prescott,AZ86301 		    General Purposes 1,000

New Horizons

9400 E Valley Rd
Prescott Valley,AZ86314 		    General Purposes 2,500

New Way Academy

5048 E Oak Street
Phoenix,AZ85008 		    General Purposes 10,000

Northern Jaguar Project

2114 W Grant Road Suite 121
Tucson,AZ85745 		    General Purposes 2,500

Northland Cares

3112 Clearwater Drive Suite A
Prescott,AZ86305 		    General Purposes 10,000

Northland Hospice

452 N Switzer Canyon Dr Suite A
Flagstaff,AZ86001 		    General Purposes 5,000

People Who Care

PO Box 12079
Prescott,AZ86304 		    General Purposes 5,000

Phippen Museum

4701 Highway 89 North
Prescott,AZ86301 		    General Purposes 10,000

Phoenix Art Museum

1625 North Central Avenue
Phoenix,AZ850041685 		    Eric Fischl: Late America 50,000

Phoenix Boy's Choir

1131 E Missouri Ave
Phoenix,AZ85014 		    General Purposes 10,000

Phoenix Center for the Arts

1202 N 3rd Street
Phoenix,AZ85004 		    General Purposes 10,000

Phoenix Dream Center

PO Box 55226
Phoenix,AZ85032 		    General Purposes 10,000

Phoenix Symphony The

One North First Street Suite 200
Phoenix,AZ85004 		    General Purposes 20,000

Phoenix Theatre Company The

1825 N Central Avenue
Phoenix,AZ85004 		    Summer Theatre Camp 15,000

Polara Health

3343 N Windsong Drive
Prescott Valley,AZ86314 		    $7,500 masquerade; $50k unfunded care program 57,500

Prescott Area Shelter Services

336 N Rush Street
Prescott,AZ86301 		    General Purposes 10,000

Prescott Community Cupboard Food Bank

PO Box 10123
Prescott,AZ86304 		    (2024 new mailing address) 2,500

Prescott Farmer's Market

PO Box 1853
Prescott,AZ86302 		    General Purposes 10,000

Prescott Free Clinic

1090 Commerce Drive
Prescott,AZ86305 		    General Purposes 7,500

Prescott Mountain Bike Alliance

PO Box 3027
Prescott,AZ86302 		    Bean Peaks mountain bike trail system Phase 2 - (not yet granted) 50,000

Prescott Unified School District Education Foundation

300 E Gurley Street
Prescott,AZ86301 		    General Purposes 2,500

Prevent Child Abuse AZ

PO Box 26495
Prescott Valley,AZ86312 		    General Purposes 15,000

ReSurge International

756 N Pastoria Avenue
Sunnyvale,CA94085 		    General Purposes 2,500

Rosie's House

PO Box 13446
Phoenix,AZ85002 		    General Purposes 10,000

Salk Institute

10010 N Torrey Pines Road
La Jolla,CA920371002 		    10,000 symphony at salk sponsorship, 35,000 calloway, 35,000 lyumkis 80,000

Salvation Army Prescott Corps

237 S Montezuma St
Prescott,AZ86303 		    General Purposes 5,000

School of Architecture at Taliesin

8776 E Shea Blvd 106-601
Scottsdale,AZ85260 		    TSOA's 2023-2024 campaign 10,000

Sedona Community Food Bank

PO Box 3962
Sedona,AZ86340 		    (2024) Cathleen A. Healy-Baiza, Executive Director 1,000

Sharlot Hall Museum

415 W Gurley Street
Prescott,AZ86301 		    General Purposes 10,000

Society of St Vincent de Paul

PO Box 13600
Phoenix,AZ850023600 		    2024 New - Shannon M. Clancy, Chief Executive Officer 25,000

Southwest Autism Research & Resource Center (SARRC)

300 N 18th Street
Phoenix,AZ85006 		    General Purposes 5,000

St Joseph the Worker

PO Box 13503
Phoenix,AZ850023503 		    General Purposes 10,000

St Mary's Food Bank Alliance

2831 N 31st Avenue
Phoenix,AZ850091518 		    General Purposes 50,000

TGen Foundation

445 North Fifth Street Suite 120
Phoenix,AZ85004 		    $750, $50,000 50,750

The Nash Jazz in Arizona Inc

110 E Roosevelt St
Phoenix,AZ85004 		    remodel of rehearsal rooms and stage 50,000

The University of Arizona Foundation

1140 E South Campus Drive
Tucson,AZ85719 		    James 4H Camp and Outdoor Learning Center $50,000, 2nd year of 3 year commitment 50,000

Upward

6306 N 7th St
Phoenix,AZ85014 		    Marketing & outreach to recruit child in early education 5,000

Verde Valley Community Development Organization

PO Box 157
Cottonwood,AZ86326 		    Community Land Trust 40,000

WayneFest

5021 N 20th Street Suite 10630
Phoenix,AZ85015 		    Support 2024 WayneFest music event 2,500

Wrapped in Love

2700 N Lake Valley Rd
Prescott Valley,AZ86314 		    General Purposes 1,000

Yavapai Big BrothersBig Sisters Inc

3208 Lakeside Village Drive
Prescott,AZ86301 		    General Purposes 21,125

Yavapai CASA For Kids Foundation

PO Box 28070
Prescott Valley,AZ86312 		    matching grant az gives day 10,000

Yavapai College Foundation

1100 E Sheldon Street DSC 19-103
Prescott,AZ863013297 		    $40 Nurses (final pmt $40 short, Phase 3 now complete), $25,000 basketball restart, Community Healthcare Scholars Phase 4 multi-year: 2024 $8,964 Paid, 2025 $17,929, 2026 $17,929, 2027 $17,929, 2028 $8,964, Sigafoos Family Enrichment Center Match $18,935 61,904

Yavapai County Education Foundation

2970 Centerpointe East Drive
Prescott,AZ86301 		    General Purposes 1,000

Yavapai County Food Bank

PO Box 4151
Prescott,AZ86302 		    General Purposes 5,000

Yavapai County Search and Rescue Team

PO Box 11104
Prescott,AZ86304 		    General Purposes 1,000

Yavapai Humane Trappers

PO Box 12184
Prescott,AZ86304 		    General Purposes 35,000

Yavapai Silent Witness

PO Box 2524
Prescott,AZ86302 		    (2024) Walt Miller, Director 1,000

Yavapai Symphony Association

PO Box 2333
Prescott,AZ86302 		    (2024) Howell Lewis Shay, President 2,500
Total .................................right arrow 3a 1,547,279
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 33,933  
4 Dividends and interest from securities ....     14 909,515  
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 ............ 		    18 684,188  
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 1,627,636 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,627,636
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 OtherAssetsSchedule
Name:
MARGARET T MORRIS FOUNDATION
EIN:
86-6057798
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
MERCK & CO INC COMMON 96,205 96,205 5,391,816
BERKSHIRE HATHAWAY INC CL-A 22,003 18,859 4,085,520
CHEVRON CORP COMMON 96,205 104,142 1,903,922
CIGNA CORP COMMON 1,086 1,086 134,204
EOG RESOURCES INC COMMON 518,495 518,495 14,341,860
INTL BUSINESS MACHINES CORP 187,730 187,730 3,118,948
JP MORGAN CHASE & CO COMMON 631,402 631,402 6,644,761
KYNDRYL HOLDINGS 9,350 9,350 98,160
ORGANON & CO COMMON 4,752 4,752 80,866


TY 2024 OtherExpensesSchedule
Name:
MARGARET T MORRIS FOUNDATION
EIN:
86-6057798
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PO BOX 367 367 0 0
INSURANCE 4,704 4,704 0 0


TY 2024 OtherIncreasesSchedule
Name:
MARGARET T MORRIS FOUNDATION
EIN:
86-6057798
Description Amount
FMV Change 322,377


TY 2024 OtherProfessionalFeesSchedule
Name:
MARGARET T MORRIS FOUNDATION
EIN:
86-6057798
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION 4,750 4,750 0 0


TY 2024 TaxesSchedule
Name:
MARGARET T MORRIS FOUNDATION
EIN:
86-6057798
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
2023 FEDERAL INCOME TAX 17,221 17,221 0 0