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Morningstar Foundation is a private corporation based in CROWNSVILLE, MD. The foundation received its IRS ruling in 1996. The principal officer is Katherine N Murphy. It holds total assets of $228K. Annual income is reported at $33K. Total assets have grown from $143K in 2011 to $218K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. According to available records, Morningstar Foundation has made 7 grants totaling $43K, with a median grant of $8K. Annual giving has grown from $10K in 2020 to $23K in 2022. Individual grants have ranged from $1K to $11K, with an average award of $6K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Maryland. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Morningstar Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in MD.
Morningstar Foundation has distributed a total of $43K across 7 grants. The median grant size is $8K, with an average of $6K. Individual grants have ranged from $1K to $11K.
Accepts applications from organizations which focus on alleviating suffering of abused and disadvantaged children.
Morningstar Foundation is headquartered in CROWNSVILLE, MD.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Katherine Murphy Riggs | President | $0 | $0 | N/A |
| Martha J Murphy | Vice President | $0 | $0 | N/A |
Total Giving
$17K
Total Assets
$218K
Fair Market Value
$271K
Net Worth
$218K
Grants Paid
$12K
Contributions
N/A
Net Investment Income
$5K
Distribution Amount
$13K
Total: N/A
Total Grants
7
Total Giving
$43K
Average Grant
$6K
Median Grant
$8K
Unique Recipients
2
Most Common Grant
$11K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Indian Creek SchoolFor General Purpose | Crownsville, MD | $11K | 2022 |
| Impact 100 Greater ChesapeakeFor General Purpose | Annapolis, MD | $2K | 2021 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD