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First Source Foundation C/O 1st Source Bank 100 N Michigan St is a private corporation based in SOUTH BEND, IN. The foundation received its IRS ruling in 1954. The principal officer is % First Source Bank. It holds total assets of $35.2M. Annual income is reported at $11.4M. According to available records, First Source Foundation C/O 1st Source Bank 100 N Michigan St has made 174 grants totaling $4.2M, with a median grant of $10K. The foundation has distributed between $2M and $2.2M annually from 2021 to 2022. Individual grants have ranged from $135 to $250K, with an average award of $24K. The foundation has supported 138 unique organizations. The foundation primarily supports organizations in Indiana, Michigan, Florida, which account for 99% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
First Source Foundation C/O 1st Source Bank 100 N Michigan St is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 174 grants. Its grantmaking reaches organizations primarily in IN, MI, FL.
First Source Foundation C/O 1st Source Bank 100 N Michigan St has distributed a total of $4.2M across 174 grants. The median grant size is $10K, with an average of $24K. Individual grants have ranged from $135 to $250K.
First Source Foundation C/O 1st Source Bank 100 N Michigan St typically selects its grantees rather than accepting unsolicited proposals.
First Source Foundation C/O 1st Source Bank 100 N Michigan St is headquartered in SOUTH BEND, IN. While based in IN, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| 1st Source Bank | AGENT/TRUSTEE | $144K | $0 | $144K |
| Isaac Torres | Board Member | $5K | $0 | $5K |
| John Affleck-Graves | Board Member | $5K | $0 | $5K |
| Todd Schurz | Board Member | $5K | $0 | $5K |
| Ron Zeltwanger | Board Member | $0 | $0 | $0 |
Total Giving
$2.3M
Total Assets
$33.6M
Fair Market Value
$44.5M
Net Worth
$33.6M
Grants Paid
$2M
Contributions
$0
Net Investment Income
$2.9M
Distribution Amount
$2M
Total: $33.1M
Total Grants
174
Total Giving
$4.2M
Average Grant
$24K
Median Grant
$10K
Unique Recipients
138
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| South Bend Parks Foundation IncSUPPORT | South Bend, IN | $250K | 2022 |
| South Bend-Elkhart Regional Fdn IncSUPPORT | South Bend, IN | $200K | 2022 |
| Tolson Center IncSUPPORT | Elkhart, IN | $100K | 2022 |
| Boys & Girls Club Of Laporte CountySUPPORT | Michigan City, IN | $100K | 2022 |
| Youth Service BureauSUPPORT | South Bend, IN | $100K | 2022 |
| Christopher J Murphy Iii |
| PRESIDENT |
| $0 |
| $0 |
| $0 |
| Ann Rathburn-Lacopo | SECRETARY | $0 | $0 | $0 |
| Kevin Murphy | TREASURER | $0 | $0 | $0 |
| Andrea Short | VICE PRESIDENT | $0 | $0 | $0 |
| Junior Achievement Of No IndianaCHARITABLE CONTRIBUTION |
| Fort Wayne, IN |
| $90K |
| 2022 |
| Southwestern Michigan CollegeCHARITABLE CONTRIBUTION | Dowagiac, MI | $80K | 2022 |
| Boys & Girls Club Of St Joe CountySUPPORT | South Bend, IN | $66K | 2022 |
| Logan Resource CenterSUPPORT | South Bend, IN | $61K | 2022 |
| Marian UniversitySUPPORT | Indianapolis, IN | $60K | 2022 |
| Habitat For HumanitySUPPORT | South Bend, IN | $53K | 2022 |
| Center For The HomelessSUPPORT | South Bend, IN | $52K | 2022 |
| City Of MishawakaSUPPORT | Mishawaka, IN | $50K | 2022 |
| United Way Of St Joseph CountySUPPORT | South Bend, IN | $49K | 2022 |
| Laporte County Habitat For HumanitySUPPORT | Michigan City, IN | $45K | 2022 |
| Citizens Cnrd For The Homeless IncSUPPORT | Michigan City, IN | $40K | 2022 |
| Boy Scouts Of AmericaSUPPORT | South Bend, IN | $35K | 2022 |
| Auburn-Cord-Duesenberg MuseumSUPPORT | Auburn, IN | $34K | 2022 |
| Fort Wayne Rescue Mission MinistriesGENERAL SUPPORT | Fort Wayne, IN | $33K | 2022 |
| 466 Works Community Development CorpSUPPORT | South Bend, IN | $30K | 2022 |
| Elkhart Education FoundationSUPPORT | Elkhart, IN | $30K | 2022 |
| Innovation Park At Notre DameSUPPORT | South Bend, IN | $30K | 2022 |
| Knox Community Elementary SchoolSUPPORT | Knox, IN | $29K | 2022 |
| La Casa De AmistadSUPPORT | South Bend, IN | $25K | 2022 |
| South Bend Symphony OrchestraSUPPORT | South Bend, IN | $25K | 2022 |
| Porter County Public LibrarySUPPORT | Valparaiso, IN | $25K | 2022 |
| Cdfi Friendly South Bend IncSUPPORT | South Bend, IN | $25K | 2022 |
| Wabash Center IncSUPPORT | Lafayette, IN | $23K | 2022 |
| Cultivate Culinary School & CateringSUPPORT | South Bend, IN | $23K | 2022 |
| Local Initiatives Support CorpSUPPORT | Kalamazoo, MI | $20K | 2022 |
| Building A Stronger Family IncSUPPORT | Fort Wayne, IN | $20K | 2022 |
| Lacasa IncSUPPORT | Goshen, IN | $18K | 2022 |
| Habitat For Humanity Porter CountySUPPORT | Valparaiso, IN | $15K | 2022 |
| Saint Anne CommunitiesSUPPORT | Fort Wayne, IN | $15K | 2022 |
| South Bend Civic TheatreMUSIC | South Bend, IN | $15K | 2022 |
| Wild Rose Moon IncSUPPORT | Plymouth, IN | $15K | 2022 |
| Habitat For Humanity Grtr Ft WayneSUPPORT | Fort Wayne, IN | $15K | 2022 |
| Interfaith Community Pads IncSUPPORT | Michigan City, IN | $13K | 2022 |
| Chesterton Art CenterSUPPORT | Chesterton, IN | $12K | 2022 |
| Visible Men Academy IncSUPPORT | Bradenton, FL | $10K | 2022 |
| Downtown South Bend FoundationSUPPORT | South Bend, IN | $10K | 2022 |
| The Music VillageSUPPORT | South Bend, IN | $10K | 2022 |
| Salvation Army- Michigan CitySUPPORT | Michigan City, IN | $10K | 2022 |
| Cardinal ServicesSUPPORT | Warsaw, IN | $10K | 2022 |
| Blue Jacket IncSUPPORT | Fort Wayne, IN | $10K | 2022 |
| Habitat For Humanity Of Elkhart CtySUPPORT | Goshen, IN | $10K | 2022 |
| Southold Dance TheaterSUPPORT | South Bend, IN | $10K | 2022 |
| Northern Indiana Historical SocietySUPPORT | South Bend, IN | $10K | 2022 |
| South Bend Museum Of ArtSUPPORT | South Bend, IN | $10K | 2022 |
| Marshall County EdcSUPPORT | Plymouth, IN | $10K | 2022 |
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