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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. Total assets have grown from $9M in 2011 to $35.2M in 2024. The foundation is governed by 9 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. The foundation primarily funds organizations in Indiana and Michigan. 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.
Smallest Grant
$135
Median Grant
$10K
Average Grant
$24K
Largest Grant
$200K
Based on 82 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
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 | N/A |
| Christopher J Murphy Iii | PRESIDENT | $0 | $0 | N/A |
| Ann Rathburn-Lacopo | SECRETARY | $0 | $0 | N/A |
| Kevin Murphy | TREASURER | $0 | $0 | N/A |
| Andrea Short | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$35.2M
Fair Market Value
N/A
Net Worth
$35.2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |
| Youth Service BureauSUPPORT | South Bend, IN | $100K | 2022 |
| Tolson Center IncSUPPORT | Elkhart, IN | $100K | 2022 |
| Boys & Girls Club Of Laporte CountySUPPORT | Michigan City, IN | $100K | 2022 |
| 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 |
| Elkhart Education FoundationSUPPORT | Elkhart, IN | $30K | 2022 |
| Innovation Park At Notre DameSUPPORT | South Bend, IN | $30K | 2022 |
| 466 Works Community Development CorpSUPPORT | South Bend, IN | $30K | 2022 |
| Knox Community Elementary SchoolSUPPORT | Knox, IN | $29K | 2022 |
| South Bend Symphony OrchestraSUPPORT | South Bend, IN | $25K | 2022 |
| Cdfi Friendly South Bend IncSUPPORT | South Bend, IN | $25K | 2022 |
| La Casa De AmistadSUPPORT | South Bend, IN | $25K | 2022 |
| Porter County Public LibrarySUPPORT | Valparaiso, IN | $25K | 2022 |
| Wabash Center IncSUPPORT | Lafayette, IN | $23K | 2022 |
| Cultivate Culinary School & CateringSUPPORT | South Bend, IN | $23K | 2022 |
| Building A Stronger Family IncSUPPORT | Fort Wayne, IN | $20K | 2022 |
| Local Initiatives Support CorpSUPPORT | Kalamazoo, MI | $20K | 2022 |
| Lacasa IncSUPPORT | Goshen, IN | $18K | 2022 |
| Wild Rose Moon IncSUPPORT | Plymouth, IN | $15K | 2022 |
| Habitat For Humanity Grtr Ft WayneSUPPORT | Fort Wayne, IN | $15K | 2022 |
| Habitat For Humanity Porter CountySUPPORT | Valparaiso, IN | $15K | 2022 |
| South Bend Civic TheatreMUSIC | South Bend, IN | $15K | 2022 |
| Saint Anne CommunitiesSUPPORT | Fort Wayne, IN | $15K | 2022 |
| Interfaith Community Pads IncSUPPORT | Michigan City, IN | $13K | 2022 |
| Chesterton Art CenterSUPPORT | Chesterton, IN | $12K | 2022 |
| Northern Indiana Historical SocietySUPPORT | South Bend, IN | $10K | 2022 |
| Laporte County Symphony OrchestraSUPPORT | Laporte, IN | $10K | 2022 |
| Downtown South Bend FoundationSUPPORT | South Bend, IN | $10K | 2022 |
| The Music VillageSUPPORT | South Bend, IN | $10K | 2022 |
| Cardinal ServicesSUPPORT | Warsaw, IN | $10K | 2022 |
| Southold Dance TheaterSUPPORT | South Bend, IN | $10K | 2022 |
| Visible Men Academy IncSUPPORT | Bradenton, FL | $10K | 2022 |
| Salvation Army- Michigan CitySUPPORT | Michigan City, IN | $10K | 2022 |
| Marshall County EdcSUPPORT | Plymouth, IN | $10K | 2022 |
| South Bend Museum Of ArtSUPPORT | South Bend, IN | $10K | 2022 |
| Habitat For Humanity Of Elkhart CtySUPPORT | Goshen, IN | $10K | 2022 |