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Merchant Foundation Of Iowa is a private corporation based in WDM, IA. The foundation received its IRS ruling in 2015. The principal officer is Shahbaz Merchant. It holds total assets of $1K. Annual income is reported at $35K. Total assets have decreased from $21K in 2015 to $1K in 2024. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2017 to 2024. The foundation primarily funds organizations in Iowa and Illinois. According to available records, Merchant Foundation Of Iowa has made 47 grants totaling $267K, with a median grant of $5K. Annual giving has grown from $34K in 2020 to $57K in 2023. Grantmaking activity was highest in 2022 with $134K distributed across 22 grants. Individual grants have ranged from $250 to $10K, with an average award of $6K. The foundation has supported 17 unique organizations. The foundation primarily supports organizations in Iowa, Illinois, Florida, which account for 98% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$9K
Average Grant
$7K
Largest Grant
$10K
Based on 6 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.
Merchant Foundation Of Iowa primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 47 grants. Its grantmaking reaches organizations primarily in IA, IL, FL.
Merchant Foundation Of Iowa has distributed a total of $267K across 47 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $250 to $10K.
Merchant Foundation Of Iowa is a private foundation. To inquire about grants, you can look up the foundation using their EIN (473509282) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Merchant Foundation Of Iowa is headquartered in WDM, IA. While based in IA, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Shahbaz A Merchant | Director | $0 | $0 | N/A |
| Kashaan S Merchant | Director | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1K
Fair Market Value
N/A
Net Worth
$1K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
47
Total Giving
$267K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
17
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The World Food Prize FoundationResearch | Des Moines, IA | $10K | 2023 |
| Des Moines UniversityEducation | Des Moines, IA | $10K | 2023 |
| Dmacc FoundationEducation | Ankeny, IA | $10K | 2023 |
| East-West UniversityEducation | Chicago, IL | $10K | 2023 |
| Tom Harkin InstituteEducation | Des Moines, IA | $10K | 2023 |
| PupcLocal Cause | Chicago, IL | $2K | 2023 |
| Social Organization Of Arts CultureArt & culture | Chicago, IL | $1K | 2023 |
| Al Mustafa Relief AidMedical | New York, NY | $1K | 2023 |
| AppnaHumanitarian | Westmont, IL | $1K | 2023 |
| Sonia Shah OrganizationArt & Education | Des Moines, IA | $1K | 2023 |
| Peck The Movie LlcArt and Education | Des Moines, IA | $1K | 2023 |
| Tom Ruth Harkin Center GardenEducation | Des Moines, IA | $5K | 2022 |
| Universal Medical InstituteMedical | Miami, FL | $5K | 2022 |
| Terrace Hill OrganizationLocal Cause | Des Moines, IA | $320 | 2022 |
| Sarwar FoundationHealthWaterFiltrationEducation | Des Moines, IA | $5K | 2021 |
| Universal Medical ClinicMedical | Miami, FL | $5K | 2020 |
| Suzy PlaceLocal Cause | Chicago, IL | $1K | 2020 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA