Merchants Foundation Inc
Accepts applications
Merchants Foundation Inc is a private foundation in Carmel, Indiana. In tax year 2024 it gave $449,520 in 35 grants; the typical grant was $5,000 and the largest $90,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$449,520
- Number of grants35
- Typical grant$5,000
- Largest grant$90,000
- Assets$500
- New grantees100%
Giving in 2024 was up from $103,773 the year before.
100% of its 2024 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 | $103,773 | 5 | $500 |
| 2024 | $449,520 | 35 | $500 |
How to apply
| Contact | Merchants Foundation Co Julia Kaerc 410 Monon Blvd 5th Floor, Carmel, IN 46032 |
|---|---|
| Phone or email | (317) 663-5030 |
| What to submit | Contribution and sponsorship request form |
| Restrictions | The submission must be requested by a merchants bancorp employee. Preference given to 501(c)3 organizations in the field of housing, healthcare, and education. |
Foundation website IRS filings on ProPublica
What Merchants Foundation Inc funds
Where it gives
Its grants went to recipients in 8 states, the most to Indiana.
| State | Grants | Amount |
|---|---|---|
| Indiana | 23 | $419,921 |
| Minnesota | 3 | $13,984 |
| Illinois | 3 | $11,283 |
| District of Columbia | 2 | $1,638 |
| New Jersey | 1 | $900 |
| Florida | 1 | $644 |
| Massachusetts | 1 | $587 |
| New York | 1 | $563 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Indiana University Foundation Inc | General support | $90,000 |
| Rdoor - Fka (Merchants Affordable Housing Corp) | General support | $75,000 |
| Coburn Place | General support | $50,000 |
| Greater Indianapolis Habitat for Humanity | General support | $50,000 |
| Providence Cristo Rey High School | General support | $32,000 |
| First Baptist Athletics | General support | $20,000 |
| Local Initiatives Support Corporation (Lisc) Indiana | General support | $20,000 |
| Second Helpings | General support | $13,000 |
| Catch the Stars Foundation | General support | $10,000 |
| Community Foundation of Randolph County | General support | $10,000 |
| Dove Recovery House for Women | General support | $10,000 |
| Partners in Housing | General support | $10,000 |
| The Arc Minnesota | General support | $10,000 |
| Million Meal Movement | General support | $7,020 |
| A Kid Again - Indiana Chapter | General support | $5,000 |
| Coalition for Homelessness Intervention and Prevention (Chip) | General support | $5,000 |
| Dream Alive Inc | General support | $5,000 |
| Foster Success | General support | $5,000 |
| Seeds of Hope | General support | $5,000 |
| Twin Cities Habitat for Humanity | General support | $3,000 |
| Village of Merici | General support | $2,500 |
| Gleaner's Food Bank | General support | $2,340 |
| Alzheimer's Association of Greater Indiana | General support | $1,000 |
| The O'Connor House | General support | $1,000 |
| The Open Door | General support | $984 |
| Food Bank of South Jersey Inc | General support | $900 |
| Lynn Community Food Pantry | General support | $777 |
| Gateway Hunger Relief Center | General support | $687 |
| Churches of Mercer County Food Pantry | General support | $648 |
| St Petersburg Free Clinic Inc | General support | $644 |
| Capital Area Food Bank Inc | General support | $638 |
| Hands of Christ Food Pantry | General support | $635 |
| Paws Pantry at Iupui | General support | $597 |
| Saint Francis House Inc | General support | $587 |
| New York Common Pantry Inc | General support | $563 |
Officers and trustees
- Julia L Kaercher
- Michael Dury
- Michael Petrie
- Michael Dunlap
- Terry Oznick
- John Macke
Questions people ask
Does Merchants Foundation Inc accept grant applications?
Yes. Its latest IRS filing says it accepts applications.
How much does Merchants Foundation Inc give?
$449,520 in tax year 2024, across 35 grants, with a typical grant of $5,000.
Who runs Merchants Foundation Inc?
Its 2024 filing lists Julia L Kaercher (Exec Director, President), Michael Dury (Director), Michael Petrie (Director) and Michael Dunlap (Director) among 6 officers and trustees.
What does Merchants Foundation Inc fund?
Based on its grants, mainly housing and homelessness, education and faith communities.