Merck Company Foundation
- Assets
- $321.5m
- Revenue
- -$22.0m
- Investments
- $277.1m
- Employees
- 0
- Location
- Rahway, NJ
- Founding
- 03/1959
- Data as of
- 12/2022
- EIN
- 22-6028476
Organization Overview
Merck Company Foundation is located in Rahway, NJ. The organization was established in 1959. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merck Company Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Merck Company Foundation has awarded 205 individual grants totaling $47,394,595. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL COLLEGE OF VIRGINIA FOUNDATION
POPULATION SERVICES INTERNATIONAL
AMERICAN NATIONAL RED CROSS & ITS CONSTITUENT CHAPTERS AND BRANCHES
WASHINGTON UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachary Jennifer Chairperson Of The Board | 0 | $0 | |
Grez Kelly E W Secretary | 0 | $0 | |
Allison Goldberg President | 0 | $0 | |
Dillane Timothy Assistant Treasurer | 0 | $0 | |
Ettelman Karen Assistant Secretary | 0 | $0 | |
Filderman Jon Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,550,778 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$24,533,381 |
| Total Revenue | -$21,982,603 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $84,691 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $433,461 |
| Total operating and administrative expenses | $763,775 |
| Contributions, gifts, grants paid | $22,650,160 |
| Total expenses and disbursements | $23,413,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,004,342 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $360,654 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $277,110,458 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $321,475,454 |
| Accounts payable and accrued expenses | $3,631,560 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,631,560 |
Grants Awarded
Over the last fiscal year, Merck Company Foundation has awarded $22,650,160 in support to 99 organizations.
| Grant Recipient | Amount |
|---|---|
ALAMEDA COUNTY PUBLIC HEALTH DEPARTMENT PURPOSE: CONTRIBUTION PROVIDED | $150,000 |
AMERICAN CANCER SOCIETY PURPOSE: CONTRIBUTION PROVIDED | $518,441 |
AMERICAN NATIONAL RED CROSS & ITS CONSTITUENT CHAPTERS AND BRANCHES PURPOSE: CONTRIBUTION PROVIDED | $600,000 |
AMERICA'S GROW-A-ROW INC PURPOSE: CONTRIBUTION PROVIDED | $50,000 |
BOSTON MEDICAL CENTER CORPORATION PURPOSE: CONTRIBUTION PROVIDED | $399,849 |
BOYS & GIRLS CLUBS OF DURHAM AND ORANGE COUNTIES PURPOSE: CONTRIBUTION PROVIDED | $25,000 |