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.
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
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 |
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 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
From 2021 IRS filing
From 2021 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 April 2026. Sourced from IRS Form 990-PF filings.
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