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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. Total assets have grown from $134K in 2011 to $300K in 2023. The foundation is governed by 8 officers and trustees. The foundation operates in the area of human services. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. 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.
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 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 | N/A |
| Paul A Kent | Treasurer | $0 | $0 | N/A |
| Frances B Kent | President | $0 | $0 | N/A |
| Katherine May Madden | Director | $0 | $0 | N/A |
| Coleen Kent Karpf | Director | $0 | $0 | N/A |
| Michael D Frisch | Director | $0 | $0 | N/A |
| Christine C Frisch | Secretary | $0 | $0 | N/A |
| Larah Kent Tannenbaum | Director | $0 | $0 | N/A |
Total Giving
$12K
Total Assets
$300K
Fair Market Value
$435K
Net Worth
$300K
Grants Paid
$11K
Contributions
N/A
Net Investment Income
$20K
Distribution Amount
$20K
Total: N/A
Total Grants
7
Total Giving
$364K
Average Grant
$52K
Median Grant
$6K
Unique Recipients
3
Most Common Grant
$166K
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 |