The Morningstar Family Foundation

Private foundation · Grantmaker Boston, MA EIN: 04-3236053

The Morningstar Family Foundation is a private foundation, based in Boston, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 2 grants totaling $290K. Net investment income was $155K.

Key facts about The Morningstar Family Foundation

In short: The Morningstar Family Foundation gave $290K across 2 grants in 2025 (avg $145K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.

EIN
04-3236053
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$290,000
Grants made (2025)
2
Average grant
$145,000
Median grant
$145,000
Total assets
$1,078,804
Primary geography
Massachusetts (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.1M

-11.7% YoY

Annual Giving

$290K

-25.6% YoY

Grant Count

2

-33.3% YoY

Avg Grant Size

$145K

+11.5% YoY

Under IRS private-foundation payout rules, The Morningstar Family Foundation reported a distributable amount of $70K for 2025 — the minimum it must pay out in qualifying distributions.

How The Morningstar Family Foundation gives

  • Giving fell 48% from 2022 to 2025. Method
  • In 2025 it paid out 427% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2025 grant dollars across all 2 itemized grants.

Cities

BostonNew BedfordWashingtonWellesleyBethesdaCambridgeStanfordNew York

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K14 grants2019 14 grants2020 12 grants2021 6 grants2022 3 grants2023 3 grants2024 2 grants2025

From 2019 to 2025, annual grant giving ranged from $290K (2025) to $563K (2022). In 2025 it made 2 grants totaling $290K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Combined Jewish Philanthropies: $265KCombined Jewish Philanthropies$265KOur Sisters School: $25KOur Sisters School$25K

The largest 2025 recipient was Combined Jewish Philanthropies ($265K). Together the top 2 received $290K.

Grant Size Distribution

26 grants across all recorded years

17<$50K1$50–100K4$100–250K4$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 17 grants of 26 (65%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Combined Jewish Philanthropies Boston, MAUnrestricted$265,000
Our Sisters School New Bedford, MAUnrestricted$25,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,078,804$1,221,141$1,468,944
Revenue$164,599$161,381$118,276
Expenses$306,936$409,184$407,711
Qualifying Distributions$296,910$400,836$398,788
Net Investment Income$154,573$153,033$109,353
Distributable Amount$69,545$81,196$91,501

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS May 11, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
  3. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Morningstar Family Foundation is led by Betty Morningstar, President on every filing since 2019; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Betty Morningstar

    President

    On filings since 2019

    0.3 hrs/week

    No compensation reported

  • Deborah L. Anderson Esq.

    Secretary & Treasurer

    On filings since 2019

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2019–2025. "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 The Morningstar Family Foundation

How much does The Morningstar Family Foundation give each year?

The Morningstar Family Foundation gave $290K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $390K across 3 grants.

How large is The Morningstar Family Foundation?

The Morningstar Family Foundation reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $297K in qualifying distributions that year, against a required minimum of $70K (roughly 5% of its investment assets).

Where does The Morningstar Family Foundation operate?

The Morningstar Family Foundation has awarded grants in California, District of Columbia, Massachusetts, Maryland, New York.

What is The Morningstar Family Foundation's EIN?

The Morningstar Family Foundation's EIN (Employer Identification Number) is 04-3236053. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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