Morningstar Foundation
Morningstar Foundation is a private foundation, based in Buffalo, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $49K in total assets. In 2025, it awarded 4 grants totaling $7K.
Morningstar Foundation at a glance
In short: Morningstar Foundation gave $7K across 4 grants in 2025 (avg $2K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $6,979
- +58.0% vs 2024
- Grants made (2025)
- 4
- -20.0% vs 2024
- Average grant
- $1,745
- +97.5% vs 2024
- Median grant
- $1,500
- Total assets
- $49,158
- -10.2% vs 2024
- Primary geography
- New York (86% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Morningstar Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Feedmore WNY ($3K). Together the top 4 received $7K.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was under $50K: 35 grants of 35 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Morningstar Foundation gives
- Giving fell 23% from 2022 to 2025. Method
- In 2025 it paid out 84% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $4K (2024) to $16K (2020). In 2025 it made 4 grants totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Feedmore WNY Williamsville, NY | Charitable | $3,000 |
| Hearts for Homeless Buffalo, NY | Charitable | $2,000 |
| Prince of Peace Church Buffalo, NY | Charitable | $1,000 |
| Compassion Internationa Colorado Sprin, CO | Charitable | $979 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $49,158 | $1,483 | $7,057 | $6,979 | 4 | $7,032 | $8,341 |
| 2024 | $54,732 | $1,781 | $4,541 | $4,416 | 5 | $4,416 | $7,965 |
| 2023 | $57,492 | $2,067 | $6,581 | $6,461 | 7 | $6,581 | $7,432 |
| 2022 | $62,006 | $2,342 | $9,181 | $9,031 | 10 | $9,181 | $7,125 |
| 2021 | $68,845 | $3,103 | $6,401 | $6,281 | 9 | $6,281 | $6,791 |
| 2020 | $72,144 | $2,860 | $15,901 | $15,781 | 11 | — | $6,763 |
Under IRS private-foundation payout rules, Morningstar Foundation reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Morningstar Foundation is led by William C. Moran, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
William C. Moran
Trustee
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Jamey L. Moran (2023) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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 Morningstar Foundation
How much does Morningstar Foundation give each year?
Morningstar Foundation gave $7K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4K across 5 grants.
What is Morningstar Foundation's typical grant size?
Morningstar Foundation's median grant in 2025 was $1,500, and its average grant was $1,745, across 4 grants on its 2025 IRS Form 990-PF.
Where does Morningstar Foundation give grants?
Morningstar Foundation gives mostly in New York: 86% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Colorado (14%). The most frequent recipient cities were Buffalo, NY (2 grants).
Does Morningstar Foundation give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Morningstar Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (4 grants).
How large is Morningstar Foundation?
Morningstar Foundation reported $49K in total assets on its 2025 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Morningstar Foundation's EIN?
Morningstar Foundation's EIN (Employer Identification Number) is 16-1517613. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 24, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 30, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 22, 2026)
- IRS filings on file for fiscal years 2020–2025
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Browse active grant opportunities in Morningstar Foundation's focus areas in our free grants database
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