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EIN 56-0599225

The Morehead-Cain Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
Chapel Hill
State
North Carolina
Year formed
1948
Most recent tax filings
2022-06-01
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
$9,499,160
2022
Total expenses
$14,756,925
2022
Total assets
$231,797,275
2022
Num. employees
n/a

Program areas at The Morehead-Cain Foundation

Not applicable

Grants made by The Morehead-Cain Foundation

GranteeGrant descriptionAmount
PORCH CommunitiesDonation$500
EmpowermentDonation$500
Southern Dharma Retreat CenterDonation$500
...and 5 more grants made

Who funds The Morehead-Cain Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Morehead-Cain Scholarship FundTo Support Higher Education$2,965,078
Jewish Federation of Greater AtlantaDonations$10,500
C Eugene Ireland FoundationGeneral Operating$2,000

Personnel at The Morehead-Cain Foundation

NameTitleCompensation
Charles E LovelaceExecutive Director$198,681
Kinya Harte StarnesDirector of Marketing and
David GreerDirector of Development$195,269
Tim CheneyDirector of Recruitment and
Pearlynn HouckBoard Member
...and 11 more key personnel

Financials for The Morehead-Cain Foundation

RevenuesFYE 06/2022
Total grants, contributions, etc.$2,965,102
Investment income and dividends$320,151
Net rental income$0
Net gain from sale of non-inventory assets$6,119,278
Gross sales of inventory$0
Miscellaneous revenues$94,629
Total revenues$9,499,160

Form 990s for The Morehead-Cain Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-15990PFView PDF
2021-062022-07-11990PFView PDF
2020-062021-10-12990PFView PDF
2019-062020-12-16990PFView PDF
2018-062019-06-11990PFView PDF
...and 7 more Form 990s

Organizations like The Morehead-Cain Foundation

OrganizationLocationRevenue
George H Deuble FoundationNorth Canton, OH$2,702,585
Arctic Education FoundationAnchorage, AK$4,892,952
Meriden FoundationWaterbury, CT$2,856,440
Hubbell-Waterman FNDNLas Vegas, NV$5,306,730
Louis Armstrong Educational FoundationNew York, NY$3,282,671
Danville Regional Foundation (DRF)Danville, VA$21,605,962
Puffin FoundationTeaneck, NJ$6,313,116
Blanchard Arthur F TR AgreePittsburgh, PA$3,438,518
W Earl Richards Charitable FoundationBirmingham, AL$2,868,244
The John L and Sue Ann Weinberg FoundationGreenwich, CT$6,229,414
Data update history
July 19, 2023
Posted financials
Added Form 990PF for fiscal year 2022
July 1, 2023
Updated personnel
Identified 67 new personnel
June 29, 2023
Used new vendors
Identified 2 new vendors, including , and
May 14, 2023
Received grants
Identified 3 new grant, including a grant for $2,724,047 from Morehead-Cain Scholarship Fund
February 3, 2023
Posted financials
Added Form 990PF for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible 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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