Merchants Foundation Inc
Historical FunderCarmel, Indiana · EIN 88-1340802 · Private foundation · Website
Half of its grants to organizations were between $777 and $10,000.
How to apply
The foundation filed the following application information (Form 990-PF Part XV, tax year 2024):
| Contact | MERCHANTS FOUNDATION CO JULIA KAERC |
|---|---|
| Address | 410 MONON BLVD 5TH FLOOR, CARMEL IN 46032 |
| Phone | 3176635030 |
| 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. |
Copied as filed. Deadlines on a tax return describe the foundation's usual process; they are not confirmation of a current open cycle.
What it funds
Share of grant lines on the latest return, classified from the purpose each grant states.
Where it gives
34% of grants went outside Indiana.
Grants paid in tax year 2024
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Indiana University Foundation Inc | Bloomington, IN | General support | $90,000 |
| Rdoor - Fka (Merchants Affordable Housing Corp) | Indianapolis, IN | General support | $75,000 |
| Coburn Place | Indianapolis, IN | General support | $50,000 |
| Greater Indianapolis Habitat for Humanity | Indianapolis, IN | General support | $50,000 |
| Providence Cristo Rey High School | Indianapolis, IN | General support | $32,000 |
| First Baptist Athletics | Indianapolis, IN | General support | $20,000 |
| Local Initiatives Support Corporation (Lisc) Indiana | Indianapolis, IN | General support | $20,000 |
| Second Helpings | Indianapolis, IN | General support | $13,000 |
| Catch the Stars Foundation | Indianapolis, IN | General support | $10,000 |
| Community Foundation of Randolph County | Winchester, IL | General support | $10,000 |
| Dove Recovery House for Women | Indianapolis, IN | General support | $10,000 |
| Partners in Housing | Indianapolis, IN | General support | $10,000 |
| The Arc Minnesota | Saint Paul, MN | General support | $10,000 |
| Million Meal Movement | Indianapolis, IN | General support | $7,020 |
| A Kid Again - Indiana Chapter | Indianapolis, IN | General support | $5,000 |
| Coalition for Homelessness Intervention and Prevention (Chip) | Indianapolis, IN | General support | $5,000 |
| Dream Alive Inc | Indianapolis, IN | General support | $5,000 |
| Foster Success | Indianapolis, IN | General support | $5,000 |
| Seeds of Hope | Indianapolis, IN | General support | $5,000 |
| Twin Cities Habitat for Humanity | Saint Paul, MN | General support | $3,000 |
| Village of Merici | Indianapolis, IN | General support | $2,500 |
| Gleaner's Food Bank | Indianapolis, IN | General support | $2,340 |
| Alzheimer's Association of Greater Indiana | Indianapolis, IN | General support | $1,000 |
| The O'connor House | Washington, DC | General support | $1,000 |
| The Open Door | Eagan, MN | General support | $984 |
| Food Bank of South Jersey Inc | Pennsauken, NJ | General support | $900 |
| Lynn Community Food Pantry | Lynn, IN | General support | $777 |
| Gateway Hunger Relief Center | Richmond, IN | General support | $687 |
| Churches of Mercer County Food Pantry | Aledo, IL | General support | $648 |
| St Petersburg Free Clinic Inc | St Petersburg, FL | General support | $644 |
| Capital Area Food Bank Inc | Washington, DC | General support | $638 |
| Hands of Christ Food Pantry | Paxton, IL | General support | $635 |
| Paws Pantry at Iupui | Bloomington, IN | General support | $597 |
| Saint Francis House Inc | Boston, MA | General support | $587 |
| New York Common Pantry Inc | New York City, NY | General support | $563 |
Giving by year
| Tax year | Grants paid | Grant lines |
|---|---|---|
| 2024 | $449,520 | 35 |
| 2023 | $103,773 | 5 |
Sources
- IRS Form 990-PF, tax year 2024, filed Oct 21, 2025 - IRS e-file batch, object ID 202512949349100606
- IRS Tax Exempt Organization Search for EIN 88-1340802
- Profile updated Nov 5, 2026
Facts on this page come from the foundation's own IRS Form 990-PF filings as published by the IRS. Grantvello does not know whether a foundation is accepting proposals right now: a past grant is not an open opportunity. Always confirm current guidelines with the funder before applying.