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EIN 56-0599225

The Morehead-Cain Foundation

IRS 501(c) type
501(c)(3)
Num. employees
7
City
Chapel Hill
State
North Carolina
Year formed
1948
Most recent tax filings
2023-06-01
NTEE code, primary
T20: Private Foundations
Description
The Morehead-Cain Foundation provides scholarships to students attending the University of North Carolina at Chapel Hill. Last year, the Foundation made grants totaling $9,966,648.
Total revenues
$10,574,596
2023
Total expenses
$15,158,500
2023
Total assets
$226,832,928
2023
Num. employees
7
2023

Program areas at The Morehead-Cain Foundation

Not applicable

Who funds The Morehead-Cain Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Morehead-Cain Scholarship FundTo Support Higher Education$3,325,922
Jewish Federation of Greater AtlantaDonations$11,000
The Rockefeller FoundationIn Support of RF Donations To Charitable Organizations$1,500

Personnel at The Morehead-Cain Foundation

NameTitleCompensation
Hannah HannanChief of Staff
Charles E LovelaceExecutive Director$198,681
Kinya Harte StarnesDirector of Marketing and$129,167
David GreerDirector of Development$192,280
Tim CheneyDirector of Recruitment and
...and 13 more key personnel

Financials for The Morehead-Cain Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$3,325,922
Investment income and dividends$507,055
Net rental income$0
Net gain from sale of non-inventory assets$6,641,606
Gross sales of inventory$0
Miscellaneous revenues$100,013
Total revenues$10,574,596

Form 990s for The Morehead-Cain Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-13990PFView PDF
2022-062023-05-15990PFView PDF
2021-062022-07-11990PFView PDF
2020-062021-10-12990PFView PDF
2019-062020-12-16990PFView PDF
...and 8 more Form 990s

Organizations like The Morehead-Cain Foundation

OrganizationLocationRevenue
The Lynch FoundationBoston, MA$6,237,818
College Futures FoundationOakland, CA$35,356,300
Atwood FoundationAnchorage, AK$3,840,802
Rudd Foundation Lrico Services LLCWichita, KS$41,066,208
The Riley FoundationMeridian, MS$5,635,683
Abell-Hanger FoundationMidland, TX$15,622,582
Texas Pioneer FoundationTexarkana, TX$2,762,558
Charles Hayden FoundationNew York, NY$23,845,592
Thompson FoundationPlymouth, MI$3,464,269
Dane G Hansen FoundationLogan, KS$35,946,269
Data update history
August 19, 2024
Posted financials
Added Form 990PF for fiscal year 2023
July 15, 2024
Used new vendors
Identified 3 new vendors, including , , and
July 11, 2024
Received grants
Identified 2 new grant, including a grant for $3,325,922 from Morehead-Cain Scholarship Fund
June 19, 2024
Updated personnel
Identified 3 new personnel
July 19, 2023
Posted financials
Added Form 990PF for fiscal year 2022
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsAccepts online donations
General information
Address
Post Office Box 690
Chapel Hill, NC 27514
Metro area
Durham-Chapel Hill, NC
County
Orange County, NC
Website URL
moreheadcain.org/ 
Phone
(919) 962-1201
Facebook page
MoreheadCain 
Twitter profile
@moreheadcain 
IRS details
EIN
56-0599225
Fiscal year end
June
Taxreturn type
Form 990-PF
Year formed
1948
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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