The Indiana State Capitol
Foundation Lookup

Form 990-PFTax year 2024EIN 88-1340802

Merchants Foundation Inc

A private foundation in Carmel, IN. Its return for tax year 2024 lists 35 grants and $449,520 paid in grants.

See which foundations fund work like yours Matching by cause, place and grant size

Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Accepts applications

The return gives an application contact and rules, as below.

Contact
Merchants Foundation Co Julia Kaerc
410 Monon Blvd 5th Floor
Carmel, IN 46032
(317) 663-5030
Form and 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.

Assets and giving by year

3 returns on file
Grants paid by tax year. The latest year is in blue.

  • Tax year 2024

    $449,520

    Grants listed
    35
    Assets, end of year
    $500

  • Tax year 2023

    $103,773

    Grants listed
    5
    Assets, end of year
    $500

  • Tax year 2022

    $0

    Grants listed
    0
    Assets, end of year
    $0

Grants paid in 2024

35 grants, largest first

As listed on the return.

  1. Indiana University Foundation IncBloomington, IN

    General support

    $90,000
  2. Rdoor - fka (merchants Affordable Housing Corp)Indianapolis, IN

    General support

    $75,000
  3. Coburn PlaceIndianapolis, IN

    General support

    $50,000
  4. Greater Indianapolis Habitat for HumanityIndianapolis, IN

    General support

    $50,000
  5. Providence Cristo Rey High SchoolIndianapolis, IN

    General support

    $32,000
  6. First Baptist AthleticsIndianapolis, IN

    General support

    $20,000
  7. Local Initiatives Support Corporation (lisc) IndianaIndianapolis, IN

    General support

    $20,000
  8. Second HelpingsIndianapolis, IN

    General support

    $13,000
  9. Catch the Stars FoundationIndianapolis, IN

    General support

    $10,000
  10. Community Foundation of Randolph CountyWinchester, IN

    General support

    $10,000
  11. Dove Recovery House for WomenIndianapolis, IN

    General support

    $10,000
  12. Partners in HousingIndianapolis, IN

    General support

    $10,000
  13. The ARC MinnesotaSaint Paul, MN

    General support

    $10,000
  14. Million Meal MovementCarmel, IN

    General support

    $7,020
  15. A Kid Again - Indiana ChapterIndianapolis, IN

    General support

    $5,000
  16. Coalition for Homelessness Intervention and Prevention (chip)Indianapolis, IN

    General support

    $5,000
  17. Dream Alive IncIndianapolis, IN

    General support

    $5,000
  18. Foster SuccessIndianapolis, IN

    General support

    $5,000
  19. Seeds of HopeIndianapolis, IN

    General support

    $5,000
  20. Twin Cities Habitat for HumanitySaint Paul, MN

    General support

    $3,000
  21. Village of MericiIndianapolis, IN

    General support

    $2,500
  22. Gleaner's Food BankIndianapolis, IN

    General support

    $2,340
  23. Alzheimer's Association of Greater IndianaIndianapolis, IN

    General support

    $1,000
  24. The O'Connor HouseWashington, DC

    General support

    $1,000
  25. The Open DoorEagan, MN

    General support

    $984
  26. Food Bank of South Jersey IncPennsauken, NJ

    General support

    $900
  27. Lynn Community Food PantryLynn, IN

    General support

    $777
  28. Gateway Hunger Relief CenterRichmond, IN

    General support

    $687
  29. Churches of Mercer County Food PantryAledo, IL

    General support

    $648
  30. St Petersburg Free Clinic IncSaint Petersburg, FL

    General support

    $644
  31. Capital Area Food Bank IncWashington, DC

    General support

    $638
  32. Hands of Christ Food PantryPaxton, IL

    General support

    $635
  33. Paws Pantry at IupuiBloomington, IN

    General support

    $597
  34. Saint Francis House IncBoston, MA

    General support

    $587
  35. New York Common Pantry IncNew York, NY

    General support

    $563

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education2 grants $100,00062% of the total
  2. Food and agriculture7 grants $23,48815% of the total
  3. Mental health2 grants $15,0009% of the total
  4. Philanthropy and grantmaking1 grant $10,0006% of the total
  5. Human services2 grants $5,5873% of the total
  6. Youth development1 grant $5,0003% of the total
  7. 1 other causes1 grant $2,5002% of the total

By State

Grants to organizations with a US address, latest year.

  1. Indiana23 grants $419,921
  2. Minnesota3 grants $13,984
  3. Illinois3 grants $11,283
  4. District of Columbia2 grants $1,638
  5. New Jersey1 grant $900
  6. Florida1 grant $644
  7. Massachusetts1 grant $587
  8. New York1 grant $563

Officers, directors and trustees

6 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Julia L KaercherEXEC DIRECTOR, PRESIDENT Hours 28Pay $0
  • Michael DuryDIRECTOR Hours 1Pay $0
  • Michael PetrieDIRECTOR Hours 1Pay $0
  • Michael DunlapDIRECTOR Hours 1Pay $0
  • Terry OznickSECRETARY Hours 1Pay $0
  • John MackeTREASURER Hours 1Pay $0

The return

More foundations

Similar foundations

Same main cause (education), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. Cook Family Foundation IncCarmel, IN 23 grants Preselected only $412,041 giving
  2. Ehret Family Foundation IncCarmel, IN 33 grants Preselected only $625,348 giving
  3. Arthur Jordan FoundationCarmel, IN 51 grants Accepts applications $645,235 giving
  4. Thurston FoundationCarmel, IN 39 grants Preselected only $743,050 giving
  5. Wm Craig and Teneen L Dobbs Charitable FoundationCarmel, IN 17 grants Preselected only $957,106 giving