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Morningstar Foundation is a private corporation based in SKOKIE, IL. The foundation received its IRS ruling in 1995. It holds total assets of $339K. Annual income is reported at $66K. The foundation operates in the area of human services. According to available records, Morningstar Foundation has made 7 grants totaling $364K, with a median grant of $6K. Annual giving has decreased from $352K in 2022 to $11K in 2023. Individual grants have ranged from $4K to $166K, with an average award of $52K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.
Morningstar Foundation primarily funds organizations in the area of human services. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in IL.
Morningstar Foundation has distributed a total of $364K across 7 grants. The median grant size is $6K, with an average of $52K. Individual grants have ranged from $4K to $166K.
Morningstar Foundation typically selects its grantees rather than accepting unsolicited proposals.
Morningstar Foundation is headquartered in SKOKIE, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Thomas A Korman | Secretary | $0 | $0 | $0 |
| Paul A Kent | Treasurer | $0 | $0 | $0 |
| Frances B Kent | President | $0 | $0 | $0 |
| Katherine May Madden | Director | $0 | $0 | $0 |
| Coleen Kent Karpf | Director | $0 | $0 | $0 |
Total Giving
$12K
Total Assets
$300K
Fair Market Value
$435K
Net Worth
$300K
Grants Paid
$11K
Contributions
$0
Net Investment Income
$20K
Distribution Amount
$20K
Total: $0
Total Grants
7
Total Giving
$364K
Average Grant
$52K
Median Grant
$6K
Unique Recipients
3
Most Common Grant
$4K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Northwestern UniversityGRANTS FOR ADVANCEMENT OF STUDENTS | Evanston, IL | $11K | 2023 |
| New Foundation Of Hopetest | Chicago, IL | $6K | 2022 |
| The Wetlands InitiativeTO ADVANCE WETLAND RESTORATION | Chicago, IL | $4K | 2022 |
Other foundations that have funded Morningstar Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Mr And Mrs James R Blake Foundation | $25K | 2023 | DONATION |
| Mr And Mrs James R Blake Foundation | $25K | 2022 | DONATION |
| Mr And Mrs James R Blake Foundation | $25K | 2022 | DONATION |
| Jubas Family Foundation | $525 | 2022 | GENERAL PURPOSE |
| Michael D Frisch |
| Director |
| $0 |
| $0 |
| $0 |
| Christine C Frisch | Secretary | $0 | $0 | $0 |
| Larah Kent Tannenbaum | Director | $0 | $0 | $0 |
| 2019 | 990PF | View |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| $525 |
| 2022 |
| GENERAL PURPOSE |
| Mr And Mrs James R Blake Foundation | $50K | 2020 | DONATION |
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