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Merchants Foundation Inc

Carmel, IN · EIN 881340802 990-PF tax year 2024
Website (as filed) ↗

Historical funder research: IRS Form 990-PF filings from US private foundations, showing who funded what in past years. This is not a list of currently open grant calls, and we do not track open RFPs from private foundations. From public IRS Form 990-PF filings (latest on file for this funder: tax year 2024). Coverage: tax years 2019–2025. Freshness: the IRS releases these returns 1.5–2+ years after the tax year ends, so 2025 is still partial and a funder's newest grants may not appear yet. Last updated: November 14, 2026. Filings can contain errors, so confirm current priorities and deadlines with the funder before applying.

Grants paid (tax yr 2024)
$449,520
Assets (fair market value)
$500
Median grant to orgs
$5,000
all loaded years
Grants in our data
40
since tax year 2023
Giving by tax year
$103,773
2023
5 grants
$449,520
2024
35 grants

Year 2025 is still partial because many returns have not been filed or released yet. That is a freshness issue — coverage in our dataset is tax years 2019–2025.

Top recipient states
IN$523,694
MN$13,984
IL$11,283
DC$1,638
NJ$900
FL$644
MA$587
NY$563
Cause areas funded
Education4
Food, Agriculture & Nutrition5
Housing & Shelter3
Mental Health & Crisis2
Community Improvement1
Human Services2

Only 42.5% of this funder's organizational grants could be linked to an IRS cause code.

How to apply (from the 990-PF, tax year 2024)
Form & materials
CONTRIBUTION AND SPONSORSHIP REQUEST FORM
Deadlines
NONE
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.
Recent grants to organizations
RecipientLocationPurpose (as filed)AmountTax yr
Indiana University Foundation IncBloomington, INGENERAL SUPPORT$90,0002024
Rdoor - Fka (Merchants Affordable Housing Corp)Indianapolis, INGENERAL SUPPORT$75,0002024
Greater Indianapolis Habitat for HumanityIndianapolis, INGENERAL SUPPORT$50,0002024
Coburn PlaceIndianapolis, INGENERAL SUPPORT$50,0002024
Providence Cristo Rey High SchoolIndianapolis, INGENERAL SUPPORT$32,0002024
Local Initiatives Support Corporation (Lisc) IndianaIndianapolis, INGENERAL SUPPORT$20,0002024
First Baptist AthleticsIndianapolis, INGENERAL SUPPORT$20,0002024
Second HelpingsIndianapolis, INGENERAL SUPPORT$13,0002024
The Arc MinnesotaSaint Paul, MNGENERAL SUPPORT$10,0002024
Partners in HousingIndianapolis, INGENERAL SUPPORT$10,0002024
Dove Recovery House for WomenIndianapolis, INGENERAL SUPPORT$10,0002024
Community Foundation of Randolph CountyWinchester, ILGENERAL SUPPORT$10,0002024
Catch the Stars FoundationIndianapolis, INGENERAL SUPPORT$10,0002024
Million Meal MovementIndianapolis, INGENERAL SUPPORT$7,0202024
Seeds of HopeIndianapolis, INGENERAL SUPPORT$5,0002024
Foster SuccessIndianapolis, INGENERAL SUPPORT$5,0002024
Dream Alive IncIndianapolis, INGENERAL SUPPORT$5,0002024
Coalition for Homelessness Intervention and Prevention (Chip)Indianapolis, INGENERAL SUPPORT$5,0002024
A Kid Again - Indiana ChapterIndianapolis, INGENERAL SUPPORT$5,0002024
Twin Cities Habitat for HumanitySaint Paul, MNGENERAL SUPPORT$3,0002024
Village of MericiIndianapolis, INGENERAL SUPPORT$2,5002024
Gleaner's Food BankIndianapolis, INGENERAL SUPPORT$2,3402024
The O'connor HouseWashington, DCGENERAL SUPPORT$1,0002024
Alzheimer's Association of Greater IndianaIndianapolis, INGENERAL SUPPORT$1,0002024
The Open DoorEagan, MNGENERAL SUPPORT$9842024

Grants to individuals are counted but not named.

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