1st Source Bank Foundation Inc
Preselected recipients only
1st Source Bank Foundation Inc is a private foundation in South Bend, Indiana. In tax year 2025 it gave $2.2 million in 96 grants; the typical grant was $10,000 and the largest $200,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$2.2 million
- Number of grants96
- Typical grant$10,000
- Largest grant$200,000
- Assets$54.4 million
- New grantees43%
Giving in 2025 was up from $2.0 million the year before.
43% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $2.0 million | 86 | $44.5 million |
| 2024 | $2.0 million | 93 | $48.8 million |
| 2025 | $2.2 million | 96 | $54.4 million |
How to apply
1st Source Bank Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What 1st Source Bank Foundation Inc funds
Where it gives
Its grants went to recipients in 3 states, the most to Indiana.
| State | Grants | Amount |
|---|---|---|
| Indiana | 86 | $2.0 million |
| Michigan | 7 | $156,409 |
| Florida | 3 | $37,500 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Michiana Public Broadcasting Corp | Support | $200,000 |
| Community Foundation of St Joe County | Support | $138,825 |
| The History Museum | Support | $111,000 |
| Junior Achievement of Northern Indiana | Charitable contribution | $100,000 |
| South Bend-Elkhart Regional FDN Inc | Support | $100,000 |
| Grace College | Support | $83,334 |
| Southwestern Michigan College | Charitable contribution | $80,000 |
| Mishawaka Parks & Recreation Foundation | Support | $75,000 |
| Porter County Agricultural Society | Support | $50,000 |
| Heartland Art Center | Support | $50,000 |
| Bashor Children's Home | Support | $50,000 |
| St Margaret's House | Support | $50,000 |
| Healthlinc | Support | $50,000 |
| United Way of St Joseph County | Support | $49,000 |
| Beacon Health Foundation Inc | General support | $45,000 |
| Ethos Inc | Support | $40,000 |
| Boys & Girls Club of LaPorte County | Support | $35,000 |
| Potawatomi Zoo | Support | $33,334 |
| Lake Michigan College Foundation | Support | $33,334 |
| Erin's House For Grieving Children | Children | $33,000 |
| Marian University | Support | $31,250 |
| Habitat for Humanity | Support | $30,000 |
| LaPorte County 4-H Council | Support | $30,000 |
| Northern Indiana Community Foundation | Support | $28,000 |
| Oaklawn Fdtn for Mental Health Inc | Mental health program | $28,000 |
| Sarasota Opera Association Inc | Support | $25,000 |
| The Caring Place | Support | $25,000 |
| St Joseph County Public Library Foundation Inc | Support | $25,000 |
| Adec | School program | $25,000 |
| Porter County Public Library System | Support | $25,000 |
| Lafayette Urban Enterprise Association | Support | $25,000 |
| Bridge of Grace Ministries | Support | $25,000 |
| Soup Kitchen Inc | Support | $24,500 |
| Center for The Homeless | Support | $21,750 |
| Greater Impact | Support | $20,000 |
| Porter County Community Foundation | Support | $17,500 |
| PBS Fort Wayne | Support | $17,000 |
| Habitat for Humanity of Greater Fort Wayne | Support | $15,000 |
| Northeast Indiana Foundation Inc | Support | $15,000 |
| Homeward Bound Villages | Support | $15,000 |
Officers and trustees
- Christopher J Murphy III
- Andrea Short
- Kevin Murphy
- John Affleck-Graves
- Isaac Torres
- Todd Schurz
- Ron Zeltwanger
- 1st Source Bank
- Ann Rathburn-Lacopo
Questions people ask
Does 1st Source Bank Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does 1st Source Bank Foundation Inc give?
$2.2 million in tax year 2025, across 96 grants, with a typical grant of $10,000.
Who runs 1st Source Bank Foundation Inc?
Its 2025 filing lists Christopher J Murphy III (President), Andrea Short (Vice President), Kevin Murphy (Treasurer) and John Affleck-Graves (Board Member) among 9 officers and trustees.
What does 1st Source Bank Foundation Inc fund?
Based on its grants, mainly education, arts and culture and community development.