The Morningstar Foundation

Foundation · Grantmaker Crwonsville, MD EIN: 23-2855899

The Morningstar Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Crwonsville, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $228K in total assets. In 2024, it awarded 2 grants totaling $11K. Net investment income was $23K.

Key facts about The Morningstar Foundation

EIN: 23-2855899
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $11,350
Grants made (2024): 2
Average grant: $5,675
Median grant: $5,675
Total assets: $228,046
Primary geography: Maryland (91% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How The Morningstar Foundation gives

Giving held roughly steady from 2021 to 2024 (+11%). Method
In 2024 it paid out 94% 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.

Next steps with The Morningstar Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$228K

+4.5% YoY

Annual Giving

$11K

-1.3% YoY

Grant Count

-33.3% YoY

Avg Grant Size

$6K

+48.0% YoY

Under IRS private-foundation payout rules, The Morningstar Foundation reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.

About The Morningstar Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maryland $10K (91%)

Pennsylvania $1K (9%)

Share of all 2 itemized 2024 grant dollars.

States

Maryland Pennsylvania

Cities

CrownsvilleAnnapolisOwings MillState College

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$228,046	$218,274	$227,885
Revenue	$25,015	$7,235	$13,021
Expenses	$14,849	$16,653	$17,028
Qualifying Distributions	$13,100	$14,077	$14,089
Net Investment Income	$23,266	$4,659	$10,432
Distributable Amount	$13,993	$12,913	$12,734

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include McDonough Greatest Good ($10,320), Penn State Gift Giving ($1,030).

Recipient	Purpose	Amount
McDonough Greatest Good Owings Mill, MD	For General Purpose	$10,320
Penn State Gift Giving State College, PA	For General Purpose	$1,030

Leadership & Key People

Officers and directors from IRS filings

The Morningstar Foundation is led by Katherine Murphy Riggs, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

Katherine Murphy Riggs

President

On filings since 2020

5 hrs/week

No compensation reported
Martha J Murphy

Vice President

On filings since 2020

5 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.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Morningstar Foundation?

The Morningstar Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Crwonsville, MD. It holds $228K in total assets as of 2024.

How large is The Morningstar Foundation?

As of 2024, The Morningstar Foundation holds $228K in total assets with $25K in annual revenue. It awarded 2 grants totaling $11K in 2024.

Where does The Morningstar Foundation operate?

The Morningstar Foundation has awarded grants in Maryland, Pennsylvania.

What size grants does The Morningstar Foundation award?

In 2024, The Morningstar Foundation awarded 2 grants totaling $11K — an average of about $6K 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 $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.