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Also known as: FIRST MERCHANTS BANK
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Herman & Irene Gertz Foundation is a private corporation based in MUNCIE, IN. The foundation received its IRS ruling in 1966. It holds total assets of $1.2M. Annual income is reported at $334K. The foundation is governed by 4 officers and trustees. The only activity is making grants. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Michigan. According to available records, Herman & Irene Gertz Foundation has made 73 grants totaling $260K, with a median grant of $3K. The foundation has distributed between $60K and $124K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $124K distributed across 42 grants. Individual grants have ranged from $500 to $17K, with an average award of $4K. The foundation has supported 25 unique organizations. The foundation primarily supports organizations in Michigan, Florida, Ohio, which account for 88% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$4K
Average Grant
$5K
Largest Grant
$17K
Based on 14 grants from the most recent 990-PF filing.
The only activity is making grants
The only activity is making grants. Based on available records, the foundation has funded 73 grants. Its grantmaking reaches organizations primarily in MI, FL, OH.
Herman & Irene Gertz Foundation has distributed a total of $260K across 73 grants. The median grant size is $3K, with an average of $4K. Individual grants have ranged from $500 to $17K.
The application deadline is NO DEADLINE. No restrictions other than they must be an irs qualified charity such as churches, public education or 501(c)(3) organizations.
Herman & Irene Gertz Foundation is headquartered in MUNCIE, IN. While based in IN, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| First Merchants Bank | TRUST AGENT | $12K | $0 | $12K |
| Keith Frank | TRUSTEE | $0 | $0 | N/A |
| Christine Gakenheimer | TRUSTEE | $0 | $0 | N/A |
| Kimberly Smillie | TRUSTEE | $0 | $0 | N/A |
Total Giving
$74K
Total Assets
$1.1M
Fair Market Value
$1.3M
Net Worth
$1.1M
Grants Paid
$60K
Contributions
N/A
Net Investment Income
$23K
Distribution Amount
$61K
Total Grants
73
Total Giving
$260K
Average Grant
$4K
Median Grant
$3K
Unique Recipients
25
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Community Foundation Of MonroeCOMMUNITY/CIVIC | Monroe, MI | $11K | 2023 |
| River Raisin Center For ArtsCOMMUNITY/CIVIC | Monroe, MI | $11K | 2023 |
| Millersburg Fire DeptCIVIC | Millersburg, OH | $6K | 2023 |
| Village Of MillersburgCIVIC | Millersburg, MI | $5K | 2023 |
| Collaboratory Of SwflCIVIC | Fort Myers, FL | $5K | 2023 |
| Brighton Assembly Of GodRELIGIOUS | Brighton, MI | $5K | 2023 |
| Fraternal Order Of EaglesCIVIC | Millersburg, MI | $4K | 2023 |
| Lee Health FoundationHEALTH & WELFARE | Fort Myers, FL | $3K | 2023 |
| Monroe Family YmcaHEALTH & WELFARE | Monroe, MI | $3K | 2023 |
| Citi LincHEALTH & WELFARE | Battle Creek, MI | $3K | 2023 |
| Millersburg Labor DayCIVIC | Millersburg, OH | $2K | 2023 |
| Hearts Cri Michigan IncCIVIC | Brighton, MI | $1K | 2023 |
| Valley Assembly Of GodRELIGIOUS | Hagerstown, MD | $1K | 2023 |
| City View ChurchRELIGIOUS | San Diego, CA | $1K | 2023 |
| Life Challenge Of Southeastern MiHEALTH & WELFARE | Detroit, MI | $500 | 2023 |
| Nemcsa Early HeadstartEDUCATION | Alpena, MI | $500 | 2023 |
| Tsc AllianceHEALTH & WELFARE | Silver Spring, MD | $500 | 2023 |
| Golisano Children'S HospHEALTH & WELFARE | Ft Myers, FL | $6K | 2022 |
| Monroe County Historical SocietyCOMMUNITY/CIVIC | Monroe, MI | $6K | 2022 |
| Township Of Case MillersburgRELIGIOUS | Millersburg, MI | $5K | 2022 |
| Case Township Mi Fire DepartmentHEALTH & WELFARE | Millersburg, MI | $5K | 2022 |
| St Paul ChurchRELIGIOUS | Alpena, MI | $1K | 2022 |
| Suicide PreventionHEALTH & WEALFARE | Monroe, MI | $1K | 2022 |