The Morgan Creek Foundation was established in 2005 with a gift from the Yusko family and receives a portion of the annual profits of Morgan Creek Capital Management each year. The Foundation spends a minimum of 5% of assets each year and grants are usually awarded at the end of the fiscal year (December). The Morgan Creek Foundation was established with the mission to support local community organizations that provide services with an educational focus that help individuals achieve their maximum potential. Grants are awarded for programs that focus on, but are not limited to, early childhood education, adult literacy, teen counseling and mentorship and service learning opportunities.