Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
Morton-Kelly Charitable Trust
 
Number and street (or P.O. box number if mail is not delivered to street address) PO Box 4510
  Room/suite
City or town
Portland
State or province
ME
Country  
ZIP or foreign postal code
04112
A Employer identification number

01-0442078
B Telephone number (see instructions)

2077757271
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$31,828,637J 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 .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 445,369 445,369  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,423,077
b Gross sales price for all assets on line 6a 13,584,697
7 Capital gain net income (from Part IV, line 2)... 2,423,077
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........ 2,868,446 2,868,446  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 34,000 5,100   28,900
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
14,677 7,339   7,338
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
138,224 73,420   64,804
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
86,316 686   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
8,042 6,016   2,026
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 281,259 92,561   103,068
25 Contributions, gifts, grants paid....... 1,300,936 1,300,936
26 Total expenses and disbursements. Add lines 24 and 25 ................ 1,582,195 92,561   1,404,004
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,286,251
b Net investment income (if negative, enter -0-) 2,775,885
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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............. 129,121 178,692 178,692
2 Savings and temporary cash investments......... 3,826,121 2,710,568 2,710,568
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
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)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 586,716 Click to see attachment
List of Attached Documents:
// Content
502,324 		500,645
b Investments—corporate stock (attach schedule)....... 15,701,338 Click to see attachment
List of Attached Documents:
// Content
18,169,714 		28,438,732
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,243,296 21,561,298 31,828,637
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 )    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
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
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 20,243,296 21,561,298
29 Total net assets or fund balances (see instructions)..... 20,243,296 21,561,298
30 Total liabilities and net assets/fund balances (see instructions). 20,243,296 21,561,298
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
20,243,296
2
Enter amount from Part I, line 27a .....................
2
1,286,251
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
31,751
4
Add lines 1, 2, and 3 ..........................
4
21,561,298
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
21,561,298
Form 990-PF (2025)
Form 990-PF (2025)
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 Publicly Traded Securities P    
b Capital Gains Dividends P    
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 13,571,608   11,161,620 2,409,988
b 13,089     13,089
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       2,409,988
b       13,089
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 2,423,077
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 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 38,585
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 38,585
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 38,585
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 50,372
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 50,372
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....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 11,787
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax11,787 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 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)
ME
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 2025 or the taxable year beginning in 2025? 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 addresswww.morton-kelly.org
14
The books are in care ofMichael J Quinlan Telephone no. (207) 775-7271

Located atPO Box 4510PortlandME ZIP+404112
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
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
Douglas M Henry President/Director
1.00 		6,000 0 0
PO Box 4510
Portland,ME04112
Marilyn A Lalumiere Director/Past President
1.00 		6,000 0 0
PO Box 4510
Portland,ME04112
Michael J Quinlan Treasurer/Secretary/Director
1.00 		0 0 0
PO Box 4510
Portland,ME04112
Janet Henry Director
1.00 		6,000 0 0
PO Box 4510
Portland,ME04112
Erik C Jorgensen Director
1.00 		6,000 0 0
PO Box 4510
Portland,ME04112
D Tyler Kidder Director
1.00 		6,000 0 0
PO Box 4510
Portland,ME04112
Mari Jones Director
0.67 		4,000 0 0
PO Box 4510
Portland,ME04112
Sheila Jans Past Director
0.00 		0 0 0
PO Box 4510
Portland,ME04112
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................... 0
Form 990-PF (2025)
Form 990-PF (2025)
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
Lissa Widoff Program Advisor 72,004
PO Box 21
Freedom,ME04941
HM Payson Investment Management 66,220
PO Box 31
Portland,ME041120031
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.........................0
Form 990-PF (2025)
Form 990-PF (2025)
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
27,112,547
b
Average of monthly cash balances.......................
1b
2,670,078
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
29,782,625
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
29,782,625
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
446,739
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
29,335,886
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
1,466,794
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,466,794
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
38,585
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
38,585
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,428,209
4
Recoveries of amounts treated as qualifying distributions................
4
10,000
5
Add lines 3 and 4............................
5
1,438,209
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
1,438,209
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, line 26, column (d) ..........
1a
1,404,004
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
1,404,004
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 1,438,209
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 1,952
b From 2021...... 67,764
c From 2022......  
d From 2023...... 202,031
e From 2024...... 84,172
f Total of lines 3a through e ........ 355,919
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,404,004
a Applied to 2024, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		Click to see attachment
List of Attached Documents:
// Content
0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 1,404,004
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 34,205 34,205
(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 5 321,714
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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		321,714
10 Analysis of line 9:
a Excess from 2021 .... 35,511
b Excess from 2022 ....  
c Excess from 2023 .... 202,031
d Excess from 2024 .... 84,172
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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 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, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Lissa Widoff Program Advisor
Jensen Baird 10 Free Street
Portland,ME04101
(207) 775-7271
programs@morton-kelly.org
bThe form in which applications should be submitted and information and materials they should include:
Submission of online application. See website, www.morton-kelly.org for additional information and requirements.
cAny submission deadlines:
October 1 of each year
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Discretion of Board of Directors, but generally environmental, cultural and historical organizations and activities in Maine.
Form 990-PF (2025)
Form 990-PF (2025)
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

Abbe Museum

PO Box 286
Bar Harbor,ME04609 		    Uplifting Wabanaki Voices & Activating Audiences: Operating Support for the Abbe Museum 10,000

Appalachian Mountain Club

10 City Square
Boston,MA02129 		    2026 Maine Woods Community Youth and Environment Program 10,000

Aroostook Arts and Education Center DBA Wintergreen Arts Center

PO Box 1252
Presque Isle,ME04769 		    Operating Support for the Aroostook Arts and Education Center DBA Wintergreen Arts Center 15,000

Bangor Land Trust

PO Box 288
Bangor,ME04402 		    General Operating Support for Bangor Land Trust 10,000

Bangor Symphony Orchestra

80 Exchange St Suite 600A
Bangor,ME04401 		    Operating Support for Bangor Symphony Orchestra's 130th Season 10,000

Bay Chamber Concerts and Music School

PO Box 599
Rockport,ME04856 		    Bay Chamber Concerts and Music School 7,500

Belfast Area Child Care Services Inc

1025 Waterville Road
Waldo,ME04915 		    The Learning Landscape: An Outdoor Classroom for Belfast Area Child Care Services 10,000

Bigelow Laboratory for Ocean Sciences

60 Bigelow Drive
East Boothbay,ME04544 		    Operating Support 10,000

Bomazeen Land Trust

PO Box 4262
Portland,ME04101 		    Cultural Transmission, Operating Support 20,000

Brick Store Museum

117 Main Street
Kennebunk,ME04043 		    Brick Store Museum Operating Support 7,500

Brooksville Free Public Library

PO Box 38
Brooksville,ME046170038 		    Brooksville Free Public Library, Operating Support Grant Request 5,000

Cape Elizabeth Land Trust

330 Ocean House Rd
Cape Elizabeth,ME04107 		    Improved Access Trail at Robinson Woods Preserve 12,500

Caribou Historical Center

1033 Presque Isle Road
Caribou,ME04736 		    Operating Support 7,500

Center for Maine Contemporary Art

21 Winter St
Rockland,ME04841 		    Adult Makerspace - Center for Maine Contemporary Art 10,000

Chebeague Island Historical Society

137 South Road
Chebeague Island,ME04017 		    CIHS Museum Mechanical Systems Remediation Project 7,500

Children's Museum & Theatre of Maine

250 Thompsons Point Rd
Portland,ME04102 		    Operating Support for the Childrens Museum & Theatre of Maine 15,000

Chocolate Church Arts Center

804 Washington St
Bath,ME04530 		    Collective Imagination @ the Chocolate Church 10,000

Classical Uprising

PO Box 7259
Portland,ME04112 		    Classical Uprising General Operating Support 5,000

Coastal Rivers Conservation Trust

PO Box 333
Damariscotta,ME04543 		    Operating Support 15,000

Cobscook Community Learning Center

10 Commissary Point Road
Trescott,ME04652 		    Operating Support: Indigenous Teaching and Learning at Cobscook Institute 10,000

Community Organizing Alliance

PO Box 113
Lewiston,ME04240 		    2026 Youth in Climate Advocacy Program 10,000

Downeast Coastal Conservancy

6 Colonial Way
Machias,ME04654 		    General Operating Support 10,000

Downeast Fisheries Partnership fs Sunrise County Economic Council

7 Ames Way
Machias,ME04654 		    Downeast Fisheries Partnership Operating Support 7,500

Downeast Institute for Applied Marine Research and Education

PO Box 83
Beals,ME04611 		    Let's Find Out What Is Out There - Then Manage, Restore, and Protect It 15,000

Downeast Lakes Land Trust

137 Milford Road
Grand Lake Stream,ME04668 		    Operational support for the Downeast Lakes Land Trust 12,500

Downeast Salmon Federation

PO Box 201
Columbia Falls,ME04623 		    Downeast Salmon Federation Operating Support 15,000

Eastern Trail Alliance

PO Box 250
Saco,ME04072 		    Eastern Trail Alliance - Operating Support 15,000

Eastport Arts Center

36 Washington Street
Eastport,ME04631 		    Eastport Arts Center 12,500

Ellsworth Historical Society

PO Box 355
Ellsworth,ME04605 		    Ellsworth Historical Society's Chamberlain House Stabilization Project 10,000

First Amendment Museum

184 State Street
Augusta,ME04330 		    First Amendment Museum 7,500

First Light New Learning Journey

700 Bragg Hill Rd
Fayston,VT05673 		    First Light Operating Support 2025-2026 15,000

Franklin Schoodic Hall

PO Box 124
Franklin,ME04634 		    Franklin Schoodic Hall Phase 2: Building Lift 5,000

Freeport Historical Society

45 Main Street
Freeport,ME04032 		    Pettengill Farm Reinterpretation Signage 7,500

Frenchman Bay Conservancy

PO Box 150
Hancock,ME04640 		    Outdoor Education Support 5,000

Friends of Baxter State Park

PO Box 322
Belfast,ME04915 		    Friends of Baxter State Park Operating Support 10,000

Friends of Casco Bay

43 Slocum Drive
South Portland,ME04106 		    Tracking, Protecting, and Restoring Eelgrass through Technology and Community Engagement 13,000

Friends of Starling Hall

PO Box 466
Fayette,ME04349 		    Historic Preservation - new roof 5,000

Friends of the Strand Theatre

PO Box 433
Rockland,ME04841 		    Strand Theatre Education Program 2025-2026 Season 10,000

Friends of the Veterans' Memorial Library

PO Box 898
Patten,ME04765 		    Friends of the Veterans Memorial Library and Community Center 20,000

Gateway MilbridgeMilbridge Theatre and Community Arts Center

26 Main St
Milbridge,ME04658 		    Gateway Milbridge/Milbridge Theatre and Community Arts Center Operating Support 10,000

Greater Lovell Land Trust

PO Box 225
Lovell,ME04051 		    Environmental Education Operating Support 5,000

Greater Portland Landmarks

511 Congress St Suite 502
Portland,ME04101 		    Operating Support: Strategic Plan in Action 20,000

Healthy Island Project

PO Box 55
Stonington,ME046810055 		    HIP Great Hall RenovationsProject Support to Create a Cultural Hub for Deer Isle-Stonington, Maine 7,500

Heart of Biddeford

205 Main Street
Biddeford,ME04005 		    Operating Support 7,500

Heart of Ellsworth

PO Box 954
Ellsworth,ME04605 		    Program Development at Heart of Ellsworths Makerspace 7,500

Heart of Maine Resource Center

PO Box 211
Dexter,ME04930 		    Restore the Brick Facade at the Former Bert Call Photography Studio 10,000

Heritage Vivant - Living Heritage dba Acadian Village Maine

859 Main St US Rte 1
Van Buren,ME04785 		    Enhancing the Visitor Experience through Technology 7,500

Hurricane Island Center for Science and Leadership

19 Commercial St
Rockland,ME04841 		    Operating Support to Expand Access to Environmental Education for Rural Maine Students 5,000

Indigo Arts Alliance

60 Cove St
Portland,ME041013425 		    Indigo Arts Alliance 20,000

Island Readers and Writers

5 Village Green Way
Southwest Harbor,ME04660 		    Island Readers & Writers Operating Support 7,500

Johnson Hall Inc

280 Water Street PO Box 777
Gardiner,ME04345 		    Operating 15,000

Jonathan Fisher Memorial Inc

PO Box 537
Blue Hill,ME04614 		    Jonathan Fisher House Window Restoration 5,000

Journey ONEderland

22 Monument Square
Portland,ME04101 		    2026 Transportation Pilot Program 5,000

Kennebunk Free Library

112 Main Street
Kennebunk,ME04043 		    Kennebunk Free Library Operating Support Request 2025 5,000

Kennebunkport Historical Society

PO Box 1173
Kennebunkport,ME04046 		    Preserving Our Vintage Clothing Collection 5,000

Machias Bay Chamber Concerts Inc

PO Box 332
Machias,ME04654 		    Elementary School Music Program for Washington County, Maine 6,000

Main Street Skowhegan Skowhegan Outdoors

65 Water St
Skowhegan,ME04976 		    A Continuum of Opportunity in Outdoor Education through Skowhegan Outdoors 10,000

Maine Appalachian Trail Club Inc

PO Box 7564
Portland,ME04112 		    Maine Appalachian Trail Club Operating Support 15,000

Maine Arts Commission

193 State Street
Augusta,ME043330025 		    Maine Arts Learning Summit 3,350

Maine Audubon

20 Gilsland Farm Road
Falmouth,ME04105 		    Maine Audubon 2025 Operating Support 10,000

Maine Climate Action Now

126 Western Avenue
Augusta,ME04330 		    Maine Climate Action Now Community Engagement Operating Support 10,000

Maine Coast Heritage Trust

1 Bowdoin Mill Island Ste 201
Topsham,ME040861265 		    Gebung Woods Parcel Acquisition 15,000

Maine Early Childhood Outdoors (MaineAEYC Fiscal Sponsor)

1 Weston Court
Augusta,ME04330 		    Maine Early Childhood Outdoors Operational Support 5,000

Maine Environmental Education Association

PO Box 413
Brunswick,ME04011 		    Maine Environmental Education Association Operating Support 2025 20,000

Maine Farmland Trust

97 Main Street
Belfast,ME04915 		    Maine Farmland Trust Operating Support 15,000

Maine Historical Society

489 Congress Street
Portland,ME04101 		    Maine Historical Society - Revolutionary Maine: America at 250 20,000

Maine Humanities Council

674 Brighton Avenue
Portland,ME04102 		    Operating Support: Humanities in Need 20,000

Maine Inside OutRoil Inc

PO Box 1062
Lewiston,ME04243 		    Broken Clock Tour 10,000

Maine Lakes

162 Main Street
Yarmouth,ME04096 		    Maine Lakes Operating Support 10,000

Maine Maritime Museum

243 Washington Street
Bath,ME04530 		    Historic Shipyard Mould Loft Roof Replacement 5,000

Maine Mathematics and Science Alliance

343 Water Street
Augusta,ME04330 		    Teach ME Outside 15,000

Maine Organic Farmers and Gardeners Association (MOFGA)

PO Box 170
Unity,ME04988 		    Operating Support for Building a Healthy and Fair Food System in a Time of Uncertainty 15,000

Maine Preservation

PO Box 488
Yarmouth,ME04096 		    Operating Support Technical Assistance 20,000

Maine Seacoast Mission

PO Box 600
Northeast Harbor,ME04662 		    Maine Seacoast Mission Operating: Services for Downeast and Islands, including Nature Access 15,000

Maine Trails Coalition

PO Box 1128
Bath,ME04530 		    2025 Operating Support Request for the Maine Trails Coalition 15,000

Maine TREE Foundation

535 Civic Center Drive
Augusta,ME04330 		    Maine Timber Research & Environmental Education Foundation General Operating Support 7,500

Maine Youth for Climate Justice

PO Box 852
Damariscotta,ME04543 		    Building Youth Leadership within the Maine Green Schools Network 5,000

Mayo Street Arts

10 Mayo Street
Portland,ME04101 		    Operating Support for Mayo Street Arts 10,000

Mechanics' Hall (Maine Charitable Mechanic Association)

519 Congress Street
Portland,ME04101 		    Operating Support for Mechanics' Hall 15,000

Midcoast Conservancy

PO Box 439
Edgecomb,ME045560439 		    Operating Support for Midcoast Conservancy 15,000

Midcoast Symphony Orchestra

PO Box 86
Brunswick,ME040110086 		    Lewiston/Auburn School Presentations by the Midcoast Symphony Orchestra 5,000

Monhegan Museum of Art & History

1 Lighthouse Hill
Monhegan,ME04852 		    Monhegan Museum of Art & History Operating Support 10,000

Natural Resources Council of Maine

3 Wade Street
Augusta,ME04330 		    Protecting the Nature of Maine - Operating Support 10,000

Nature Based Education Consortium

20 Gilsland Farm Rd
Falmouth,ME04105 		    Systems Level Change for Outdoor Access 10,000

Northeast Historic Film

PO Box 900
Bucksport,ME04416 		    Support to Catalog, Digitize and Publish the Collections of All Maine Television Stations, 1953-2008 10,000

Opera Maine

PO Box 7733
Portland,ME041127733 		    Support for Opera Maines Opera for All Educational Programming 7,500

Palaver Strings

380 Cumberland Ave Floor 2
Portland,ME04101 		    Building Long-term Capacity to Improve Vulnerable Music Students Retention & Ensure Progress 10,000

Pejepscot Historical Society (dba Pejepscot History Center)

159 Park Row
Brunswick,ME04011 		    Building Connections: Opening Doors to Our Community 15,000

Penobscot Theatre Company

131 Main St
Bangor,ME04401 		    Project Support for the Penobscot Theatre Companys Dramatic Academy 5,000

Portland Ballet

517 Forest Avenue
Portland,ME04101 		    Portland Ballet, Deepening Relationships with Westbrook Middle School Students and Families 5,000

Portland Museum of Art

7 Congress Sq
Portland,ME04102 		    Art for All 15,000

Portland Ovations

120 Exchange Street STE 110
Portland,ME04101 		    Portland Ovations 2025-26 Wabanaki Stories School-Time & Family Performances 5,000

Portland Parks Conservancy

212 Canco Rd Suite A
Portland,ME04103 		    Portland Youth Corps 10,000

Portland Stage Company Inc

25A Forest Avenue
Portland,ME04101 		    Portland Stage Operating Support 10,000

Portland Symphony Orchestra

85 Exchange Street
Portland,ME04101 		    Dawnland to the Planets: The Music of The Wabanaki and Holst 15,000

Portland Trails

38 Diamond St
Portland,ME04101 		    Healthier Neighborhoods for All program 10,000

Preble Street

55 Portland Street
Portland,ME04101 		    Preble Street Operating Support 15,000

Rangeley Friends of the Performing Arts Inc

2493 Main St
Rangeley,ME04970 		    Operating Support-Rangeley Friends of the Arts 5,000

Safe Voices

100 Lisbon St
Lewiston,ME04282 		    Safe Voices Survivor Storytellers Project 5,000

Scarborough Land Trust

PO Box 1237
Scarborough,ME04070 		    Fuller Farm Bridge and Trail Improvements 15,000

Scarborough Public Library

48 Gorham Rd
Scarborough,ME04074 		    Scarborough Public Library 5,000

Schoodic Arts for All

427 Main Street
Winter Harbor,ME04693 		    2025 Operating Support 15,000

Spaulding Memorial Library

PO Box 300
Sebago,ME04029 		    Spaulding Memorial Library Capital Campaign 5,000

Tate House Museum

1267 Westbrook Street
Portland,ME04102 		    Preservation of the 1797 Means House 10,000

Tear Cap Workshops

22 Hampshire Street
Hiram,ME04041 		    Creativity in the Making: Operating Support 2026 5,000

TEMPOart

PO Box 4101
Portland,ME04101 		    TEMPOart Operating Support 5,000

The Ecology School

184 Simpson Rd
Saco,ME04072 		    Operating Funds to Support Equitable Access to Immersive Ecology-Based Education For Maine Students 12,500

The Falmouth Historical Society

190 US Route 1
Falmouth,ME04105 		    Digital Scanning Capital Equipment Grant 3,586

The Rangeley Lakes Region Historical Society DBA Historic Rangeley

PO Box 521
Rangeley,ME04970 		    Rangeley Lakes Region Historical Society Operating Support 5,000

The Telling Room

225 Commercial Street Suite 201
Portland,ME04101 		    Operating Support for The Telling Room - FY25-26 10,000

The Theater Project

14 School Street
Brunswick,ME04011 		    Teen Improv Troupe 5,000

The Trust for Public Land

30 Danforth St
Portland,ME04101 		    Maine Program Operating Support 12,500

Trekkers

325 Old County Road
Rockland,ME04841 		    Trekkers Alternative Education Partnership Program Support 7,500

University of Southern Maine Foundation

PO Box 9300
Portland,ME04014 		    Revitalizing the OML Portland Classroom as an all-ages Maker-Space 10,000

Victoria Mansion

109 Danforth St
Portland,ME04101 		    Victoria Mansion Historic Windows Assessment 5,000

Wabanaki Community Foundation

293 Leighton Point Road
Pembroke,ME04666 		    Start-up Operations 20,000

Waterfall Arts

256 High St
Belfast,ME04915 		    Operating Support 15,000

Waterville Creates

93 Main Street
Waterville,ME04901 		    Waterville Creates Operating Support 10,000

Wild Seed Project

21 Memorial Highway Suite A
North Yarmouth,ME04097 		    Experiential Education in the Classroom - Student and Community Leadership 15,000

Winter Harbor Historical Society

PO Box 93
Winter Harbor,ME04693 		    Restoration of our 1877 Schoolhouse 5,000

York County Soil and Water Conservation District

21 Bradeen St
Springvale,ME04083 		    Watershed Stewardship Program in Southern Maine 10,000

Maine Philanthopy Center

15 Casco St
Portland,ME04101 		    For Funder Network Support 5,000

Preble Street

55 Portland Street
Portland,ME04101 		    Capital Campaign 50,000
Total ................................. 3a 1,300,936
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
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 ........... 		         
4 Dividends and interest from securities ....     14 445,369  
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 2,423,077  
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 2,868,446 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,868,446
(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 (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AppliedToPriorYearElection
Name:
Morton-Kelly Charitable Trust
EIN:
01-0442078
Election:
The Morton-Kelly Charitable Trust is electing to apply current year excess qualifying distributions to prior years under Section 53.4942(a)-3.

TY 2025 InvestmentsCorpStockSchedule
Name:
Morton-Kelly Charitable Trust
EIN:
01-0442078
Name of Stock End of Year Book Value End of Year Fair Market Value
3008 Shares of ABBVIE INC 235,897 687,298
3149 Shares of ACCENTURE PLC IRELAND F 890,927 844,877
5870 Shares of ALPHABET INC 208,872 1,842,006
6650 Shares of AMAZON.COM INC 1,213,385 1,534,953
3156 Shares of AMETEK INC NEW 286,149 647,958
711 Shares of AMGEN INC 109,603 232,717
8491 Shares of APPLE INC 1,369,704 2,308,363
620 Shares of ASML HLDG N V F 442,604 663,313
186 Shares of AUTOZONE INC 498,977 630,819
7317 Shares of BANK OF AMERICA CORP 342,446 402,435
4440 Shares of BROADCOM INC 110,872 1,536,684
1764 Shares of CARLISLE COS INC 704,975 564,233
872 Shares of CATERPILLAR INC 289,585 499,543
923 Shares of DEERE & CO 427,995 429,721
2519 Shares of DOVER CORP 453,679 491,810
297 Shares of ELI LILLY AND CO 249,979 319,180
2493 Shares of HONEYWELL INTL INC 477,074 486,359
1125 Shares of HUBBELL INC 399,097 499,624
2548 Shares of JPMORGAN CHASE & CO 508,163 821,017
5622 Shares of LAM RESH CORP 293,216 962,374
1368 Shares of L3HARRIS TECHNOLOGIES IN 253,226 401,604
1184 Shares of MASTERCARD INC 110,497 675,922
3852 Shares of MICROSOFT CORP 1,202,456 1,862,904
12194 Shares of NVIDIA CORP 969,838 2,274,181
1537 Shares of THERMO FISHER SCIENTIFIC 641,869 890,615
2496 Shares of VISA INC 494,790 875,372
23493.186 Shares of APPLIED FINANCE EXPLORER 492,570 545,512
3100 Shares of INVSC S P 500 EQUAL 577,902 593,836
14763 Shares of ISHARES IBONDS DEC 2026 356,954 357,707
14193 Shares of ISHARES IBONDS DEC 2027 344,476 344,606
70187 Shares of ISHARES IBONDS TERM 1,605,190 1,605,528
71458 Shares of ISHARES IBONDS TERM 1,606,747 1,605,661

TY 2025 InvestmentsGovtObligationsSch
Name:
Morton-Kelly Charitable Trust
EIN:
01-0442078
US Government Securities - End of Year Book Value:

502,324
US Government Securities - End of Year Fair Market Value:

500,645
State & Local Government Securities - End of Year Book Value:


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


0


TY 2025 LegalFeesSchedule
Name:
Morton-Kelly Charitable Trust
EIN:
01-0442078
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal Fees 14,677 7,339   7,338


TY 2025 OtherExpensesSchedule
Name:
Morton-Kelly Charitable Trust
EIN:
01-0442078
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Insurance 750 0   750
Dues & Memberships 930 0   930
Miscellaneous 346 0   346
Accrued Interest Paid 6,016 6,016   0


TY 2025 OtherIncreasesSchedule
Name:
Morton-Kelly Charitable Trust
EIN:
01-0442078
Description Amount
Returned Grant from Prior Year 10,000
Prior Period Book Adjustment 21,751


TY 2025 OtherProfessionalFeesSchedule
Name:
Morton-Kelly Charitable Trust
EIN:
01-0442078
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 66,220 66,220   0
Consultant Fees 72,004 7,200   64,804


TY 2025 TaxesSchedule
Name:
Morton-Kelly Charitable Trust
EIN:
01-0442078
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal Taxes 85,630 0   0
Foreign Taxes 686 686   0