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.
Morningside Foundation Inc at a glance
In short: Morningside Foundation Inc gave $3.3M across 4 grants in 2021 (avg $824K), mostly in Kentucky. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $3,295,028
- +2740.5% vs 2020
- Grants made (2021)
- 4
- +300.0% vs 2020
- Average grant
- $823,757
- +610.1% vs 2020
- Median grant
- $823,757
- Primary geography
- Kentucky (100% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
Who Morningside Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2021
The largest 2021 recipient was Belvoir Charitable Gift Fund ($824K). Together the top 4 received $3.3M.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2021 grant dollars across all 4 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $116K (2020) to $3.3M (2021). In 2021 it made 4 grants totaling $3.3M.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2021 | — | $29,764 | $3,307,259 | $3,295,028 | 4 | $3,295,028 | $17,533 | $143,961 |
| 2020 | $1,071,615 | $-123,360 | $126,347 | $116,000 | 1 | — | $41,043 | $134,312 |
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.
Leadership & Key People
Officers and directors from IRS filings
Morningside Foundation Inc's 2021 filing lists 4 officers; none of the 4 officers listed in 2021 report compensation.
Officers on the 2021 filing
REA S HEDERMAN Sr.
Trustee
On filings since 2020
1 hr/week
No compensation reported
Janelle T. Hederman
Sectrustee
On filings since 2020
1 hr/week
No compensation reported
Robert M. Hederman III
Prestrustee
On filings since 2020
1 hr/week
No compensation reported
Sara H. Henderson
Vptrustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Morningside Foundation Inc
How much does Morningside Foundation Inc give each year?
Morningside Foundation Inc gave $3.3M across 4 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $116K across 1 grant.
What is Morningside Foundation Inc's typical grant size?
Morningside Foundation Inc's median grant in 2021 was $823,757, and its average grant was $823,757, across 4 grants on its 2021 IRS Form 990-PF.
Where does Morningside Foundation Inc give grants?
Morningside Foundation Inc gives mostly in Kentucky: 100% of the grant dollars itemized on its 2021 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Covington, KY (4 grants).
Does Morningside Foundation Inc give general operating support?
Yes: 100% of Morningside Foundation Inc's 2021 grants with a stated purpose (4 of 4) were for general or operating support, per its 2021 IRS Form 990-PF.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2021
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