DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Foundation

The Morningstar Philanthropic Foundation

FoundationBethesda, MD
Assets
$546M
Total assets, Dec 31, 2024 reported
Funded
n/a
not filed
Private markets target
n/a
no policy read
Commitments
21
7 managers on Schedule C
Allocation policy
No allocation policy has been read for this allocator yet. Public systems get theirs from the ACFR; corporate plans from the sponsor’s 10-K; plans from Schedule H lines.
Consultants and advisers
No adviser relationship is on the tape for this allocator. Public systems name theirs in the ACFR; plans list them on Schedule C.
People
No investment staff or executives have been read for this allocator yet.
Manager roster
7 managers on the commitment tape
From the plan’s own commitment disclosures
Commitments
21 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024AEA INVESTORS FUND V, L.P.AEA Qp Advisers LLCPrivate equity$424,849 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024NEW ENTERPRISE ASSOCIATES 15, L.P.NEW Enterprise AssociatesPrivate equity$1.7M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024NEW HERITAGE CAPITAL FUND-B, L.P.NEW Heritage CapitalPrivate equity$182,277 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024KEDMA CAPITAL PARTNERS II, L.P.Kedma Capital S.H.E. LtdPrivate equity$2.0M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024NEWBURY EQUITY PARTNERS II, L.P.Newbury EquityPublic equity$314,526 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024PATRON CAPITAL GP IVPatron Capital GPPrivate equity$84,693 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024ROYALTY OPPORTUNITIES FEEDER S.A.RoyaltyPrivate equity$230,780 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024THE VARDE FUND X (A) (FEEDER), L.P.The VardePrivate equity$93,248 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024BLACKSTONE TACTICAL OPPORTUNITIES FUND II L.P.Blackstone TacticalHedge / diversifiers$732,376 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024CIP VI INSTITUTIONAL FEEDER, L.P.CipPrivate equity$1.2M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024NEW ENTERPRISE ASSOCIATES 14, L.P.NEW Enterprise AssociatesPrivate equity$8.1M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024KHOSLA VENTURES III, L.P.Khosla Ventures, LLCPrivate equity$72,219 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024CARLYLE PARTNERS VI, L.P.The Carlyle GroupPrivate equity$1.5M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024LEERINK REVELATION HEALTHCARE FUND I, L.P.Revelation Capital Management, LLCPrivate equity$441,331 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024LEGACY VENTURE V, LLCNext Legacy Management, LLCVenture$586,286 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024THE VARDE FUND XII (A), L.P.The VardePrivate equity$638,940 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024MORNINGSTAR SATURN I LLCMorningstar SaturnPrivate equity$119M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024MORNINGSTAR NEPTUNE LLCMorningstar NeptunePrivate equity$3.0M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024MORNINGSTAR VENUS LLCMorningstar VenusPrivate equity$346M heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024CIP AIV II, LPCIP AivPrivate equity$175,593 heldDisclosed holdingapps.irs.gov
as of Dec 31, 2024HIGHVISTA VENTURE CAPITAL VI (OFFSHORE), LPHighvista Venture CapitalVenture$470,256 heldDisclosed holdingapps.irs.gov
Size and funding
3 readings
Total assets
$546M Dec 31, 2024 reported IRS 990
$546M (2024-12)
Income
$62.6M Dec 31, 2024 reported IRS BMF
What changed
2 events
  • Sep 16, 2026Re-up prospectreport dateinference
    The Morningstar Philanthropic Foundation holds NEW ENTERPRISE ASSOCIATES 15, L.P.; the manager is raising: New Enterprise Associates 19, L.P. (fundraising, seen 2026-09-16); no commitment to it on the graph; 3 fund(s) of the series between them not held either
    with NEW Enterprise Associatesno URL
  • Sep 14, 2026Re-up prospectreport dateinference
    The Morningstar Philanthropic Foundation holds KHOSLA VENTURES III, L.P.; the manager is raising: Khosla Ventures IX, L.P. (fundraising, first ADV report 2026-09-14); no commitment to it on the graph; 5 fund(s) of the series between them not held either
    with Khosla Ventures, LLCno URL
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN 521270464
Cross-graph: family office graph (shared ein)
First observed Sep 15, 2026, last observed Sep 16, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.