The Morningstar Foundation
The Morningstar Foundation is a private grantmaking foundation established in 2007 and based in Dallas, Texas. The foundation operates as a 501(c)(3) organization with EIN 26-1557579.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$13K
-99.8% YoY
Grant Count
1
-93.8% YoY
Avg Grant Size
$13K
-96.0% YoY
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.
Mission & Focus Areas
The foundation's mission is twofold: to provide support for the environment and to nurture, serve and minister in the areas of health research, education, children's initiatives, and animal welfare.
Grantmaking
The foundation has awarded 16 grants with a median grant amount of $100,000 and an average grant size of approximately $327,600. Grant amounts have ranged from $3,000 to $2,720,030.
Grant Range
of approximately $327,600. Grant amounts have ranged from $3,000 to $2,720,030.
Average Grant
of approximately $327,600. Grant amounts have ranged from $3,000 to $2,720,030.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Filing (2024):
- Total Assets: $0
- Total Revenue: $4,665
- Total Expenses: $15,790
- Total Giving: $14,140
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $11,125 | $4,785,209 |
| Revenue | $4,665 | $174,318 | $386,653 |
| Expenses | $15,790 | $5,276,434 | $351,194 |
| Qualifying Distributions | $14,140 | $5,249,276 | $292,190 |
| Net Investment Income | — | $150,592 | $335,337 |
| Distributable Amount | $540 | $119,534 | $298,157 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
143 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bank of America Charitable Gift ($13,040).
| Recipient | Purpose | Amount |
|---|---|---|
| BANK OF AMERICA CHARITABLE GIFT BOSTON, MA | MORNINGSTAR DONOR FUND | $13,040 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's trustees include:
- Mary Ann Elliott (2 hours/week)
- James Ray Elliott Jr. (2 hours/week)
- Daniel Keith Elliott (2 hours/week)
- Sharon Elliott Hensley (6 hours/week)
- Jeff Hensley (6 hours/week)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY ANN ELLIOTT | TRUSTEE | 2 | — |
| JAMES RAY ELLIOTT JR | TRUSTEE | 2 | — |
| DANIEL KEITH ELLIOTT | TRUSTEE | 2 | — |
| SHARON ELLIOTT HENSLEY | TRUSTEE | 6 | — |
| JEFF HENSLEY | TRUSTEE | 6 | — |
Contact Information
Address: PO Box 653067, Dallas, TX 75265-3067
Phone: (888) 866-3275
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Morningstar Foundation fund?
The foundation's mission is twofold: to provide support for the environment and to nurture, serve and minister in the areas of health research, education, children's initiatives, and animal welfare.
How do I apply for a grant from The Morningstar Foundation?
The foundation has awarded 16 grants with a median grant amount of $100,000 and an average grant size of approximately $327,600. Grant amounts have ranged from $3,000 to $2,720,030. The foundation operates multiple grant programs: • **Unrestricted General**: $30,833 average, 6 recipients, last awarded in 2023 • **Morningstar Donor Fund**: $1,070,121 average, 2 recipients, last awarded in 2024 • **Tri-R Fund**: $500,000 average, 1 recipient, last awarded in 2023 • **The Smith Family Fund**: $100…
What size grants does The Morningstar Foundation award?
In 2024, The Morningstar Foundation awarded 1 grants totaling $13K — an average of about $13K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in The Morningstar Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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