Morningside Foundation Inc
Morningside Foundation Inc is a private foundation, based in Jackson, MS. IRS filing data is available from 2020 through 2021. In 2021, it awarded 4 grants totaling $3.3M. Net investment income was $18K.
Key facts about Morningside Foundation Inc
- EIN
- 64-0710393
- Latest 990 filing
- Form 990-PF, 2021
- Annual giving (2021)
- $3,295,028
- Grants made (2021)
- 4
- Average grant
- $823,757
- Median grant
- $823,757
- Primary geography
- Kentucky (100% of itemized 2021 grant dollars)
Data from IRS Form 990-PF, 2021; updated September 2026.
Who Morningside Foundation Inc funds
By grant dollars, the top recipient states for Morningside Foundation Inc's 4 itemized 2021 grants were Kentucky (100%). The most frequent recipient cities were Covington, KY (4 grants). 100% of grants with a stated purpose were for general or operating support.
How Morningside Foundation Inc gives
- In 2021 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Morningside Foundation Inc
- How to evaluate Morningside Foundation Inc as a funder
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Financial Overview
From 2021 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$3.3M
+2740.5% YoY
Grant Count
4
+300.0% YoY
Avg Grant Size
$824K
+610.1% YoY
Under IRS private-foundation payout rules, Morningside Foundation Inc reported a distributable amount of $144K for 2021 — the minimum it must pay out in qualifying distributions.
About Morningside Foundation Inc
Based on IRS filings
Morningside Foundation Inc is a private foundation, based in Jackson, MS. IRS filing data is available from 2020 through 2021. In 2021, it awarded 4 grants totaling $3.3M. Net investment income was $18K.
Ready to take the next step with Morningside Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 4 itemized 2021 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2021 | 2020 |
|---|---|---|
| Total Assets | — | $1,071,615 |
| Revenue | $29,764 | $-123,360 |
| Expenses | $3,307,259 | $126,347 |
| Qualifying Distributions | $3,295,028 | — |
| Net Investment Income | $17,533 | $41,043 |
| Distributable Amount | $143,961 | $134,312 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2021
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2021
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2021 grants, the largest recipients include Belvoir Charitable Gift Fund ($823,757), St Lukes Fdn Charitable Gift Fund ($823,757), Crestview Fdn Charitable Gift Fund ($823,757).
| Recipient | Purpose | Amount |
|---|---|---|
| BELVOIR CHARITABLE GIFT FUND Covington, KY | UNRESTRICTED GIFT | $823,757 |
| ST LUKES FDN CHARITABLE GIFT FUND Covington, KY | UNRESTRICTED GIFT | $823,757 |
| CRESTVIEW FDN CHARITABLE GIFT FUND Covington, KY | UNRESTRICTED GIFT | $823,757 |
| THREE CORD PTR CHARITABLE GIFT FUND Covington, KY | UNRESTRICTED GIFT | $823,757 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2021 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Robert M Hederman III | Prestrustee | 1 | — |
| Sara H Henderson | Vptrustee | 1 | — |
| REA S HEDERMAN Sr | Trustee | 1 | — |
| Janelle T Hederman | Sectrustee | 1 | — |
Frequently Asked Questions
Where does Morningside Foundation Inc operate?
Morningside Foundation Inc has awarded grants in Kentucky, Mississippi.
What size grants does Morningside Foundation Inc award?
In 2021, Morningside Foundation Inc awarded 4 grants totaling $3.3M — an average of about $824K per grant, based on its IRS Form 990 filings.
How much is Morningside Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Morningside Foundation Inc reported a distributable amount of $144K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Morningside Foundation Inc's EIN?
Morningside Foundation Inc's EIN (Employer Identification Number) is 64-0710393. IRS Form 990 filing data is available on this page for 2020–2021.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.