The Morningstar Family Foundation
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.
The Morningstar Family Foundation at a glance
In short: The Morningstar Family Foundation gave $290K across 2 grants in 2025 (avg $145K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $290,000
- -25.6% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $145,000
- +11.5% vs 2024
- Median grant
- $145,000
- Total assets
- $1,078,804
- -11.7% vs 2024
- Primary geography
- Massachusetts (100% 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 The Morningstar Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Combined Jewish Philanthropies ($265K). Together the top 2 received $290K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 17 grants of 26 (65%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $290K (2025) to $563K (2022). In 2025 it made 2 grants totaling $290K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Combined Jewish Philanthropies Boston, MA | Unrestricted | $265,000 |
| Our Sisters School New Bedford, MA | Unrestricted | $25,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,078,804 | $164,599 | $306,936 | $290,000 | 2 | $296,910 | $154,573 | $69,545 |
| 2024 | $1,221,141 | $161,381 | $409,184 | $390,000 | 3 | $400,836 | $153,033 | $81,196 |
| 2023 | $1,468,944 | $118,276 | $407,711 | $390,000 | 3 | $398,788 | $109,353 | $91,501 |
| 2022 | $1,758,379 | $91,224 | $591,085 | $562,500 | 6 | $574,398 | $79,892 | $112,866 |
| 2021 | $2,258,240 | $311,266 | $332,802 | $303,000 | 12 | $315,610 | $298,949 | $143,583 |
| 2020 | $2,279,776 | $218,796 | $440,735 | $419,250 | 14 | — | $207,772 | $138,049 |
| 2019 | $2,501,715 | $130,576 | $428,499 | $404,250 | 14 | — | $118,663 | $153,932 |
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.
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.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 11, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
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