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Private Foundation TY2025 IRS Form 990-PF (Investments Schedule) Roadshow Hub: Mid-Atlantic / DC Metro HQ: Bethesda, MD

The Morningstar Philanthropic Foundation

$0.6B Total AUM · Institutional LP profile covering 14 historical fund disclosure records ($108.8M parsed USD across disclosed rows) across disclosed strategy exposure in Buyout, Private Equity, Real Estate, Growth Equity, Distressed / Special Situations (investment geography mandates are evaluated separately from LP headquarters). 5 complete primary source trails are open below without registration.

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Disclosed Records
14
5 Open Source Trails Below
Sum of Disclosed Rows
$108.8M
Total AUM: $0.6B
Median Holding / Carrying Value
$7.1M
Range: $5.0M – $12.0M
Disclosed Fund Multiples
IRR / TVPI Not Disclosed (0/14)
1 Gatekeepers · 5 Disclosed Strategies
IRS Form 990-PF Disclosure Note: Private foundation Part II investment schedules report end-of-year book or fair-market carrying value rather than original LP commitment amounts unless separately itemized, and statutory Form 990-PF filings do not report fund-level Net IRR, TVPI, or DPI.

Historical Fund Disclosures — The Morningstar Philanthropic Foundation

5 Open Source Trails (No Registration)

Showing 5 open preview records out of 14 total tracked records (+9 gated pilot rows). Click Inspect Source on any row to view field-level substantiation, table headers/units, and archived page excerpts without login.

Disclosed Fund / Vehicle Strategy Fund Vintage Carrying / Fair Value Disclosed Performance Primary Source Trail
Frontenac VIII Buyout 2025
$6.6M
Reported carrying value (Form 990-PF) · As of December 2025
 Active 2025–2026 Drawdown · J-Curve / Initial Deployment Period Inspect Source · TY2025 IRS Form 990-PF (Investments Schedule)
Advent International XI Buyout 2025
$6.3M
Reported carrying value (Form 990-PF) · As of December 2025
 Active 2025–2026 Drawdown · J-Curve / Initial Deployment Period Inspect Source · TY2025 IRS Form 990-PF (Investments Schedule)
Helios Investors III LP Private Equity 2025
$5.6M
Reported carrying value (Form 990-PF) · As of December 2025
 Active 2025–2026 Drawdown · J-Curve / Initial Deployment Period Inspect Source · TY2025 IRS Form 990-PF (Investments Schedule)
KSL Credit Opportunities IV, L.P. Real Estate 2024
$7.6M
Reported carrying value (Form 990-PF) · As of December 2025
 Reported Carrying Value (990-PF) · Not Yet Page-Verified Inspect Source · TY2025 IRS Form 990-PF (Investments Schedule)
Cross Ocean ESS Fund V Distressed / Special Situations 2024
$7.1M
Reported carrying value (Form 990-PF) · As of December 2025
 Reported Carrying Value (990-PF) · Not Yet Page-Verified Inspect Source · TY2025 IRS Form 990-PF (Investments Schedule)

Forward-Looking Searches, Pacing Plans & Governance Updates — The Morningstar Philanthropic Foundation

Tracked separately from historical commitments: active RFPs/searches, board pacing plans, leadership/CIO updates, and retained gatekeeper consultants.

Allocation-Policy / Pacing Update

The Morningstar Philanthropic Foundation (Private Foundation, $0.6B AUM): Disclosed FY2025-2026 Private Markets Pacing & Allocation Update (PE Target 23.0% vs. 23.0% Actual; $100.0M Unallocated Target Bandwidth). IRS Form 990-PF (EIN 52-1270464) verified $0.55B endowment (~$28M statutory 5% annual grant payout); ~$25M annual Private Equity, Venture Capital & Private Credit pacing ($4M-$18M typical GP check). Gatekeeper / Intake Conduit: Investure.

Forward-looking board pacing or target-allocation policy update · Recorded 2025-01-16

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Pacing & Allocation Policy Pilot Gated

Board-Approved Pacing Plans, Active RFPs & Target-vs-Actual Allocation Gap

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Gatekeeper Consultants (1) Pilot Gated

Retained Private Markets Advisors & Emerging-Manager Search Conduits

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Investment Team Contacts (4) Pilot Gated

CIO, Private Markets Officers & Official Pitch Intake Guidance

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Shared-Fund Co-Investor Overlap & Potential Introduction Paths — The Morningstar Philanthropic Foundation

422 Shared-Fund Co-LPs

Institutions disclosing the same resolved underlying fund vehicles as The Morningstar Philanthropic Foundation (14 shared vehicles tracked; showing top 3 bilateral overlaps).

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1. Shared Fund Exposure: Documented for both LPs
2. LPAC Seat Overlap: Not disclosed in filings
3. Personal Relationship: Unknown (customer-supplied)
4. Intro Willingness: Unconfirmed potential path
#1 Shared-Fund Peer 2 Shared Vehicles

CalSTRS

Public Pension Plan California
Resolved Shared Vehicle Recent Fund Cycle (2020–2026)
Tiger Global PIP XVI LP (2023 Vintage)
The Morningstar Philanthropic Foundation: $12.0M (Carrying Value (990-PF)) · TY2023 IRS Form 990-PF (Part II, Line 13 Investments Schedule)
CalSTRS: $50.0M · CAFR / Board Packet (CalSTRSPrivateEquityPerformanceReportFYE2025, p.8)

Additional shared vehicles: Summit Partners VC Fd V-A L.P. (2021 Vintage)

Potential introduction path · LPAC unconfirmed View LP Profile →
#2 Shared-Fund Peer 2 Shared Vehicles

New Jersey Division of Investment

Public Pension Plan New York / Tri-State
Resolved Shared Vehicle Recent Fund Cycle (2020–2026)
Bain Capital Life Sciences IV (2024 Vintage)
The Morningstar Philanthropic Foundation: $5.6M (Carrying Value (990-PF)) · TY2025 IRS Form 990-PF (Investments Schedule)
New Jersey Division of Investment: $150.0M · CAFR / Board Packet (December2025, p.19)

Additional shared vehicles: GI Partners Real Estate Essential Tech + Science Fund II (2023 Vintage)

Potential introduction path · LPAC unconfirmed View LP Profile →
#3 Shared-Fund Peer 2 Shared Vehicles

Idaho PERSI

Public Pension Plan Mountain West & Southwest (CO / AZ / UT / NV / MT / NM)
Resolved Shared Vehicle Recent Fund Cycle (2020–2026)
Advent International GPE, LP (2023 Vintage)
The Morningstar Philanthropic Foundation: $12.0M (Carrying Value (990-PF)) · TY2023 IRS Form 990-PF (Part II, Line 13 Investments Schedule)
Idaho PERSI: $2.7M · CAFR / Board Packet (2023-ACFR-web, p.98)

Additional shared vehicles: Summit Partners Growth Equity X (2020 Vintage)

Potential introduction path · LPAC unconfirmed View LP Profile →

+419 Additional Institutional LPs Report Shared Vehicles with The Morningstar Philanthropic Foundation

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Pre-Launch Pilot Mode · Early-Access Waitlist

Request Pilot Access to Full Workspace Data for The Morningstar Philanthropic Foundation

You are viewing 5 open public preview records (out of 14 total tracked records for The Morningstar Philanthropic Foundation) with zero-registration primary source trails. Join the early-access waitlist to request pilot access:

  • All 14 tracked historical disclosure records (+9 gated rows) & field-level provenance
  • Bilateral Shared-Fund Co-Investor Graph (422 connected LPs)
  • Separated active searches, RFPs, approved FY2026 pacing plans & CIO governance updates
  • Retained gatekeeper consultants (1), investment contacts (4) & CRM export

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Strategies Disclosed by The Morningstar Philanthropic Foundation

Buyout LPs →Private Equity LPs →Real Estate LPs →Growth Equity LPs →Distressed / Special Situations LPs →

Frequently Asked Questions: The Morningstar Philanthropic Foundation

What type of institutional allocator is The Morningstar Philanthropic Foundation and what is their typical disclosed ticket size?

The Morningstar Philanthropic Foundation is categorized under Private Foundation (Regional Roadshow Hub: Mid-Atlantic / DC Metro; Headquarters: Bethesda, MD). Across 14 historical disclosure records tracked on Prilago ($108.8M total parsed USD across disclosed rows), the median disclosed amount is $7.1M (range: $5.0M to $12.0M).

Which private-market strategies appear in The Morningstar Philanthropic Foundation's public disclosures?

The Morningstar Philanthropic Foundation has disclosed records across Buyout, Private Equity, Real Estate, Growth Equity, Distressed / Special Situations. Open preview records include Frontenac VIII (2025 Vintage), Advent International XI (2025 Vintage), Helios Investors III LP (2025 Vintage), KSL Credit Opportunities IV, L.P. (2024 Vintage).

How are The Morningstar Philanthropic Foundation's historical records substantiated and separated from active searches on Prilago?

Records for The Morningstar Philanthropic Foundation cite primary public disclosures (TY2025 IRS Form 990-PF (Investments Schedule)), and visitors can inspect 5 open source trails on this profile without registration. Each source trail displays field-level substantiation status, distinguishing exact commitment schedules from carrying-value or fee tables. Forward-looking active searches, RFPs, pacing plans, and governance updates are separated from historical disclosures.

How can General Partners request pilot access to The Morningstar Philanthropic Foundation's full commitment history and contacts?

General Partners can join the early-access waitlist on https://prilago.com/lp/the-morningstar-philanthropic-foundation or test fund suitability in the interactive read-only demo at https://prilago.com/demo.

Which institutional LPs report shared underlying fund vehicles alongside The Morningstar Philanthropic Foundation?

In Prilago's bilateral commitment graph, The Morningstar Philanthropic Foundation shares resolved underlying fund vehicles with 422 institutional LPs across 14 shared vehicles (shared fund exposure represents a potential introduction path and does not prove LPAC seat overlap or personal acquaintance). Top shared-fund peers include CalSTRS (2 shared vehicles, e.g. Tiger Global PIP XVI LP (2023 Vintage)), New Jersey Division of Investment (2 shared vehicles, e.g. Bain Capital Life Sciences IV (2024 Vintage)), Idaho PERSI (2 shared vehicles, e.g. Advent International GPE, LP (2023 Vintage)).

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