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Mercantile Bank Foundation is a private corporation based in GRAND RAPIDS, MI. The foundation received its IRS ruling in 2023. The principal officer is % Charles E Christmas. It holds total assets of $7.4M. Annual income is reported at $2.8M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Mercantile Bank Foundation has made 171 grants totaling $626K, with a median grant of $2K. Annual giving has grown from $109K in 2022 to $518K in 2023. Individual grants have ranged from $100 to $75K, with an average award of $4K. The foundation has supported 167 unique organizations. The foundation primarily supports organizations in Michigan, North Carolina, Minnesota, which account for 98% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Mercantile Bank Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 171 grants. Its grantmaking reaches organizations primarily in MI, NC, MN.
Mercantile Bank Foundation has distributed a total of $626K across 171 grants. The median grant size is $2K, with an average of $4K. Individual grants have ranged from $100 to $75K.
Mercantile Bank Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mercantile Bank Foundation is headquartered in GRAND RAPIDS, MI. While based in MI, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Raymond Reitsma | PRESIDENT & DIRECTOR | $0 | $0 | $0 |
| Charles Christmas | TREASURER & DIRECTOR | $0 | $0 | $0 |
| Scott Setlock | SECRETARY & DIRECTOR | $0 | $0 | $0 |
| Robert Kaminski | DIRECTOR | $0 | $0 | $0 |
| Doug Holtrop | DIRECTOR | $0 | $0 | $0 |
Total Giving
$554K
Total Assets
$5.7M
Fair Market Value
$5.8M
Net Worth
$5.7M
Grants Paid
$518K
Contributions
$666K
Net Investment Income
$107K
Distribution Amount
$258K
Total: $4M
Total Grants
171
Total Giving
$626K
Average Grant
$4K
Median Grant
$2K
Unique Recipients
167
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mel Trotter MinistriesIMMEASURABLY MORE CAPITAL CAMPAIGN; GENERAL SUPPORT | Grand Rapids, MI | $75K | 2023 |
| West Michigan Sports CommissionWINNING STREAK CAMPAIGN DUGOUT SPONSOR | Grand Rapids, MI | $30K | 2023 |
| Heart Of West Michigan United WayGENERAL SUPPORT | Grand Rapids, MI | $27K | 2023 |
| Grand Valley State UniversityFINANCIAL EDUCATION PROGRAM; GENERAL SUPPORT | Grand Rapids, MI | $18K | 2023 |
| Hispanic Center Of Western Michigan IncLATINX YOUTH CONFERENCE 2024; GENERAL SUPPORT | Grand Rapids, MI |
| Justin Karl |
| DIRECTOR |
| $0 |
| $0 |
| $0 |
| Tara Randall | DIRECTOR | $0 | $0 | $0 |
| $13K |
| 2023 |
| United Way Of Gratiot & Isabella CountiesADOPT A FAMILY SPONSOR 2023; GENERAL SUPPORT | Mt Pleasant, MI | $11K | 2023 |
| Southwest Michigan First CorporationGENERAL SUPPORT | Kalamazoo, MI | $10K | 2023 |
| Iccf Community HomeHOUSES TO HOMES GALA 2024 | Grand Rapids, MI | $9K | 2023 |
| Opportunity Resource FundAFFORDABLE LOAN PROGRAMS DONATION | Grand Rapids, MI | $8K | 2023 |
| Start Garden LlcGENERAL SUPPORT | Grand Rapids, MI | $8K | 2023 |
| Better Business Bureau Of Western Michigan Educational FoundationGENERAL SUPPORT | Grand Rapids, MI | $8K | 2023 |
| Winning FuturesGENERAL SUPPORT | Warren, MI | $8K | 2023 |
| Genesis Non-Profit Housing CorporationGENERAL SUPPORT | Grand Rapids, MI | $8K | 2023 |
| Junior Achievement UsaCONSTRUCTION ACADEMY SPONSOR | Grand Rapids, MI | $7K | 2023 |
| Habitat For Humanity Of Michigan IncHOUSING COUNSELING & EDUCATION DONATION | Lansing, MI | $6K | 2023 |
| Habitat For Humanity International IncGENERAL SUPPORT | Kalamazoo, MI | $6K | 2023 |
| University Rehabilitation Alliance IncGENERAL SUPPORT | Mason, MI | $6K | 2023 |
| Linc Up Nonprofit Housing CorporationCSA 2023 SPONSOR; HOMEOWNERSHIP PROGRAM | Grand Rapids, MI | $6K | 2023 |
| Kalamazoo Neighborhood Housing Services IncGENERAL SUPPORT | Kalamazoo, MI | $6K | 2023 |
| Home Repair Services Of Kent County IncGENERAL SUPPORT | Grand Rapids, MI | $6K | 2023 |
| Blandford Nature CenterGENERAL SUPPORT | Grand Rapids, MI | $6K | 2023 |
| Gildas Club Grand RapidsLAUGHFEST SPONSOR; GENERAL SUPPORT | Grand Rapids, MI | $6K | 2023 |
| Capital Area Housing PartnershipBUILDING CAPITAL PROGRAM | Lansing, MI | $5K | 2023 |
| Hispanic American Council IncorporatedGENERAL SUPPORT | Kalamazoo, MI | $5K | 2023 |
| Bethany Christian Services IncGENERAL SUPPORT | Grand Rapids, MI | $5K | 2023 |
| Northwest Michigan Community Action Agency IncFINANCIAL EDUCATION DONATION | Traverse City, MI | $5K | 2023 |
| Fair Housing Center Of West Michigan2024 FAIR HOUSING WORKSHOP SERIES | Grand Rapids, MI | $5K | 2023 |
| Messiah Baptist ChurchGENERAL SUPPORT | Grand Rapids, MI | $5K | 2023 |
| Guiding Light Mission IncGENERAL SUPPORT | Grand Rapids, MI | $5K | 2023 |
| First Steps KentGENERAL SUPPORT | Grand Rapids, MI | $5K | 2023 |
| SamaritasALLEN MANOR AHP PROJECT | Detroit, MI | $5K | 2023 |
| Grand Rapids Asian Pacific FestivalGLOBAL WATER FEST | Grand Rapids, MI | $5K | 2023 |
| Community Housing Network IncGENERAL SUPPORT | Troy, MI | $5K | 2023 |
| Angels Of ActionLIGHT UP THE NIGHT SPONSOR 2023 | Big Rapids, MI | $5K | 2023 |
| Disability Advocates Of Kent CountyEMPLOYMENT READINESS CLASSES; GENERAL SUPPORT | Grand Rapids, MI | $5K | 2023 |
| Kent County Habitat For HumanityFINANCIAL EDUCATION CLASSES | Grand Rapids, MI | $4K | 2023 |
| Rockford Community Service CenterGENERAL SUPPORT | Rockford, MI | $4K | 2023 |
| Ecumenical Senior CenterFINANCIAL LITERACY PROGRAMMING | Kalamazoo, MI | $4K | 2023 |
| Seeds Of PromisePEACE MEAL SPONSOR; FINANCIAL LITERACY TRAINING SUPPORT | Grand Rapids, MI | $4K | 2023 |
| Community HomeworksBUILDING & EDUCATIONAL EMPOWERMENT SPONSOR | Kalamazoo, MI | $4K | 2023 |
| Sparrow FoundationEVERY STORY CAPITAL CAMPAIGN | Lansing, MI | $3K | 2023 |
| Ebony Road PlayersGENERAL SUPPORT | Grand Rapids, MI | $3K | 2023 |
| Telamon CorporationHOUSING & FINANCIAL EMPOWERMENT PROGRAM | Raleigh, NC | $3K | 2023 |
| Lydias Gate IncGENERAL SUPPORT | Mio, MI | $3K | 2023 |
| Beautiful You By ProfileGENERAL SUPPORT | Comstock Park, MI | $3K | 2023 |
| New Hope ShelterGENERAL SUPPORT | Cadillac, MI | $3K | 2023 |
| Safe Haven Ministries IncGENERAL SUPPORT | Grand Rapids, MI | $3K | 2023 |
| Treetops CollectiveCONCENTRIC PROGRAM SUPPORT | Grand Rapids, MI | $3K | 2023 |
| Davids House MinistriesGENERAL SUPPORT | Wyoming, MI | $3K | 2023 |
| Positive Impact For LifeGENERAL SUPPORT | Grand Rapids, MI | $3K | 2023 |
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