The Morningstar Foundation
The Morningstar Foundation is a private foundation based in Dallas, Texas. Its 2023 IRS filing is marked as the organization’s final return, indicating that it appears to have wound down or stopped grantmaking.
The Morningstar Foundation at a glance
In short: The Morningstar Foundation gave $13K across 1 grant in 2024 (avg $13K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $13,040
- -99.8% vs 2023
- Grants made (2024)
- 1
- -93.8% vs 2023
- Average grant
- $13,040
- -96.0% vs 2023
- Median grant
- $13,040
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to The Morningstar Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation stated on its 2023 final return that it does not accept unsolicited requests for funds and contributes only to preselected charitable organizations. This describes the policy on that filing and is not current application guidance.
- Contact
Mailing address: PO Box 653067, Dallas, TX 75265-3067
Phone: (888) 866-3275
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Morningstar Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Bank of America Charitable Gift ($13K).
Grant Size Distribution
143 grants across all recorded years
The most common grant size was under $50K: 132 grants of 143 (92%).
Geographic Focus
Where this funder awards grants
The recipient state listed for the foundation’s 2024 grant was Massachusetts.
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Morningstar Foundation gives
- Giving fell 94% from 2021 to 2024. Method
- In 2024 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 2024, annual grant giving ranged from $13K (2024) to $5.2M (2023). In 2024 it made 1 grant totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bank of America Charitable Gift Boston, MA | Morningstar Donor Fund | $13,040 |
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Financial History
Multi-year comparison from IRS filings
— = not provided for that year.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $4,665 | $15,790 | $13,040 | 1 | $14,140 | — | $540 |
| 2023 | $11,125 | $174,318 | $5,276,434 | $5,242,323 | 16 | $5,249,276 | $150,592 | $119,534 |
| 2022 | $4,785,209 | $386,653 | $351,194 | $274,500 | 39 | $292,190 | $335,337 | $298,157 |
| 2021 | $4,749,747 | $200,693 | $298,564 | $233,000 | 43 | — | $151,552 | $285,579 |
| 2020 | $4,847,983 | $147,465 | $284,079 | $226,000 | 44 | — | $101,282 | $247,012 |
Under IRS private-foundation payout rules, The Morningstar Foundation reported a distributable amount of $540 for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated mission is to support the environment and to nurture, serve, and minister in health research, education, children’s initiatives, and animal welfare. The available grant information does not identify the missions of the recipient organization.
Grantmaking
In filing year 2024, the foundation reported one grant totaling $13,040. The grant went to Bank of America Charitable Gift in Boston, Massachusetts, for the Morningstar Donor Fund. The sole grant was also the median grant: $13,040.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Mary Ann Elliott, James Ray Elliott Jr., Daniel Keith Elliott, Sharon Elliott Hensley, and Jeff Hensley as trustees.
The Morningstar Foundation's 2024 filing lists 5 officers; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Daniel Keith Elliott
Trustee
On filings since 2020
2 hrs/week
No compensation reported
James Ray Elliott Jr.
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Jeff Hensley
Trustee
On filings since 2020
6 hrs/week
No compensation reported
Mary Ann Elliott
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Sharon Elliott Hensley
Trustee
On filings since 2020
6 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Foundation
How much does The Morningstar Foundation give each year?
The Morningstar Foundation gave $13K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5.2M across 16 grants.
What does The Morningstar Foundation fund?
The foundation’s stated mission is to support the environment and to nurture, serve, and minister in health research, education, children’s initiatives, and animal welfare. The available grant information does not identify the missions of the recipient organization. See mission & focus areas ↑
How do I apply for a grant from The Morningstar Foundation?
The foundation stated on its 2023 final return that it does not accept unsolicited requests for funds and contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does The Morningstar Foundation make grants?
The recipient state listed for the foundation’s 2024 grant was Massachusetts.
How much is The Morningstar Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Morningstar Foundation reported a distributable amount of $540 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Morningstar Foundation's EIN?
The Morningstar Foundation's EIN (Employer Identification Number) is 26-1557579. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Morningstar Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 30, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 31, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 8, 2023)
- IRS filings on file for fiscal years 2020–2024
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Figures come from The Morningstar Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Morningstar Foundation down — hundreds of funders to go?