The Marietta McNeill Morgan & Samuel Tate Morgan, Jr. Trust, established in 1962, is dedicated to supporting quality educational and human services programming within the Commonwealth of Virginia. The Trust's mission centers on enhancing these areas with a focus on capital expenditures. It provides funding aimed at specific projects rather than general capital campaign expenses. The Trust strongly encourages the submission of matching and challenge grant proposals. The funds are typically not released until the grantee has accumulated enough resources, whether through funds in hand, pledges, or loans, to complete the proposed project.

The Trust provides grants that are typically awarded for one year. Because demand for funding often exceeds the available resources, applicants are advised to apply either to the Morgan Trust or the Seay Foundation, but not both. Furthermore, while a grant from the Trust does not rule out future support, an organization will generally not be considered for another grant from either the Morgan Trust or the Seay Foundation until at least three years after the last grant payment.

The application deadline for the Trust is March 1, and applicants are notified of grant decisions by June 30. Detailed procedures for applying are available through the Bank of America's Virginia office. In the interest of facilitating the application process, the Trust has provided PDF and Microsoft Word formats for procedural documents, including application assistance.

Applications are restricted to the Commonwealth of Virginia, and the Trust primarily funds specific capital expenditures as outlined in its mission and guidelines. It is important to note that, while the Trust does not impose restrictions on the types of capital expenditures requested, they are only concerned with specific projects rather than broader campaign expenditures.

In terms of funding, the Trust expects applicants to ensure that sufficient funds are secured to cover the cost of the proposed project before submitting the application. Additionally, grants usually take the form of a one-time, yearly disbursement.

To discuss the application process or to seek clarification about the grant, applicants can contact the Trust via email at va.grantmaking@bofa.com, with the foundation name included in the email subject line. Further details regarding the foundation’s procedures can be found in the documents provided on the Trust’s webpage.