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The Morning Foundation is a private trust based in SAINT PAUL, MN. The foundation received its IRS ruling in 1997. The principal officer is Thomas H Holman Jr. It holds total assets of $7.6M. Annual income is reported at $1M. Total assets have grown from $1.9M in 2011 to $7.2M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. According to available records, The Morning Foundation has made 8 grants totaling $1.6M, with a median grant of $176K. The foundation has distributed between $351K and $829K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $829K distributed across 4 grants. Individual grants have ranged from $114K to $294K, with an average award of $198K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
The Morning Foundation reported 8 individual grants totaling $1.6 million between 2021 and 2023 across its IRS Form 990-PF filings, with a median grant of $175,509. Half of those grants fell between $120,249 and $292,213. Its largest single grant in the record was $294,165. Its most recent available filing, for fiscal year 2023, reports $414,813 in total giving.
Grantmaking is concentrated in MN, which received 8 of the 8 grants on record (100 percent). Of its 3 distinct grantees, 67 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were The Saint Paul Foundation ($793,600) and Saint Paul & Minnesota Foundation ($291,562).
Computed from 8 individual grant records (2021–2023) in this foundation's IRS Form 990-PF Part XV filings. Source: IRS 990-PF.
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.
The Morning Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in MN.
The Morning Foundation has distributed a total of $1.6M across 8 grants. The median grant size is $176K, with an average of $198K. Individual grants have ranged from $114K to $294K.
The Morning Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Morning Foundation is headquartered in SAINT PAUL, MN.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kim D L Holman | TRUSTEE | $0 | $0 | N/A |
| Linnea Fahnestock | TRUSTEE | $0 | $0 | N/A |
| Thomas H Holman Jr | TRUSTEE | $0 | $0 | N/A |
Total Giving
$415K
Total Assets
$7.2M
Fair Market Value
$8.9M
Net Worth
$7.2M
Grants Paid
$406K
Contributions
$339K
Net Investment Income
$340K
Distribution Amount
$396K
Total: $6.9M
Total Grants
8
Total Giving
$1.6M
Average Grant
$198K
Median Grant
$176K
Unique Recipients
3
Most Common Grant
$294K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Saint Paul & Minnesota FoundationGENERAL | St Paul, MN | $292K | 2023 |
| Wallin Education PartnersGENERALGENERAL | Minneapolis, MN | $114K | 2023 |
| The Saint Paul FoundationGENERAL | St Paul, MN | $294K | 2022 |