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Merit Foundation is a private corporation based in MT PROSPECT, IL. The foundation received its IRS ruling in 1998. The principal officer is % Joseph A Zarlengo. It holds total assets of $1.4M. Annual income is reported at $308K. According to available records, Merit Foundation has made 42 grants totaling $106K, with a median grant of $2K. Annual giving has grown from $47K in 2022 to $59K in 2023. Individual grants have ranged from $100 to $8K, with an average award of $3K. The foundation has supported 30 unique organizations. The foundation primarily supports organizations in New York, Illinois, Arizona, which account for 33% of all grants. Grantmaking reaches organizations across 14 states. Contributions to this foundation are tax-deductible.
Merit Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 42 grants. Its grantmaking reaches organizations primarily in NY, IL, AZ.
Merit Foundation has distributed a total of $106K across 42 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $100 to $8K.
Merit Foundation typically selects its grantees rather than accepting unsolicited proposals.
Merit Foundation is headquartered in MT PROSPECT, IL. While based in IL, the foundation distributes grants to organizations across 14 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Annemarie Johnson | DIRECTOR | $300 | $0 | $300 |
| Katherine Frucht | DIRECTOR | $300 | $0 | $300 |
| Rebecca Johnson | DIRECTOR | $300 | $0 | $300 |
| Stephen Frucht | DIRECTOR | $300 | $0 | $300 |
| Lauren B Cantoni | DIRECTOR | $300 | $0 | $300 |
Total Giving
$91K
Total Assets
$1.4M
Fair Market Value
$1.6M
Net Worth
$1.4M
Grants Paid
$59K
Contributions
$100K
Net Investment Income
$14K
Distribution Amount
$71K
Total: $1.3M
Total Grants
42
Total Giving
$106K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
30
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Cancer SocietyCHARITABLE | Kennesaw, GA | $100 | 2022 |
| Action Against HungerCHARITABLE | New York, NY | $7K | 2023 |
| Lafayette CollegeEDUCATION | Easton, PA | $7K | 2023 |
| Wheaton North High SchoolEDUCATION | Wheaton, IL | $5K | 2023 |
| Summit School Of AhwatukeeEDUCATION | Phoenix, AZ | $5K |
Other foundations that have funded Merit Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Maier Foundation Inc. | $10K | 2023 | TEACHING AWARD |
| Daywood Foundation Inc. | $4K | 2023 | GENERAL PROGRAM SUPPORT |
| Maier Foundation Inc. | $10K | 2022 | TEACHING AWARD |
| Maier Foundation Inc. | $10K | 2022 | TEACHING AWARD |
| Daywood Foundation Inc. |
| Andrew Frucht |
| DIRECTOR |
| $300 |
| $0 |
| $300 |
| Brenda Frucht | TREASURER | $0 | $0 | $0 |
| Nathaniel Frucht | DIRECTOR | $0 | $0 | $0 |
| Elizabeth Cantoni | JUNIOR DIRECTOR | $0 | $0 | $0 |
| Brian Cantoni | SECRETARY | $0 | $0 | $0 |
| Michael Frucht | PRESIDENT | $0 | $0 | $0 |
| Emma Cantoni | DIRECTOR | $0 | $0 | $0 |
| Adam Frucht | DIRECTOR | $0 | $0 | $0 |
| Anna Frucht | DIRECTOR | $0 | $0 | $0 |
| James Frucht | DIRECTOR | $0 | $0 | $0 |
| Vivian Johnson | DIRECTOR | $0 | $0 | $0 |
| Mark Frucht | DIRECTOR | $0 | $0 | $0 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2023 |
| Roman Catholic Diocese Of Madison Inc Love Begins HereRELIGIOUS | Madison, WI | $5K | 2023 |
| Trustees Of Boston University - Leadership InitiativeEDUCATION | Boston, MA | $4K | 2023 |
| Trustees Of Boston University - Friends Of Men'S Swimming & DivingCHARITABLE | Boston, MA | $4K | 2023 |
| Ymca Of HonoluluCHARITABLE | Honolulu, HI | $3K | 2023 |
| Camp GrayRECREATIONAL | Reedsburg, WI | $3K | 2023 |
| Hushabye NurseryCHARITABLE | Gilbert, AZ | $2K | 2023 |
| Holy Cross Lutheran ChurchRELIGIOUS | Wheaton, IL | $2K | 2023 |
| Harris Co Domestic Violence Coordinating CouncilCHARITABLE | Houston, TX | $2K | 2023 |
| Grace Lutheran ChurchRELIGIOUS | Clemmons, NC | $2K | 2023 |
| Local Initiatives Support CorporationCHARITABLE | New York, NY | $2K | 2023 |
| The Parenting PathCHARITABLE | Winstonsalem, NC | $2K | 2023 |
| Pitt Hopkins FoundationSCIENTIFIC | Plymouth, MA | $2K | 2023 |
| Riverwood Therapeutic Horseback RidingSCIENTIFIC | Tobaccovile, NC | $1K | 2023 |
| Cancer ServicesCHARTIABLE | Sandusky, OH | $1K | 2023 |
| Good Shepherd Lutheran ChurchRELIGIOUS | Herndon, VA | $500 | 2023 |
| American Foundation For Suicide PreventionCHARITABLE | New York, NY | $500 | 2023 |
| Carolina Cross Connection IncCHARITABLE | Charlotte, NC | $500 | 2023 |
| Monroe Middle SchoolEDUCATION | Wheaton, IL | $500 | 2023 |
| Gay & Lesbian Alliance Against DefamationCHARITABLE | Pasadena, CA | $500 | 2023 |
| St Jude Childrens Research Hospital IncCHARITABLE | Memphis, TN | $250 | 2023 |
| Xavier Dad'S ClubEDUCATION | Phoenix, AZ | $3K | 2022 |
| Gio'S GardenCHARITABLE | Middleton, WI | $2K | 2022 |
| River Oaks Community ChurchRELIGIOUS | Clemmons, NC | $100 | 2022 |
| Childrens Museum Of PhoenixCHARITABLE | Phoenix, AZ | $100 | 2022 |
| Women'S Reproduction Rights Assistance ProjectCHARITABLE | Santa Monica, CA | $100 | 2022 |
| $4K |
| 2022 |
| GENERAL PROGRAM SUPPORT |
| Scott Foundation Inc. | $500 | 2022 | CHARITABLE |
| Maier Foundation Inc. | $7K | 2021 | TEACHING AWARD |
| Daywood Foundation Inc. | $4K | 2021 | GENERAL PROGRAM SUPPORT |
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