The Merchants Fund

Organization Overview

The Merchants Fund is located in Philadelphia, PA. The organization was established in 1945. 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. As of 12/2021, Merchants Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merchants Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Since 2015, Merchants Fund has awarded 743 individual grants totaling $6,792,990. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FINANCIAL ASSISTANCE TO CURRENT MERCHANTS IN PHILADELPHIA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAKE DIRECT GRANTS TO BUSINESSES, SUPPORTING RETIRED MERCHANTS THROUGH OUR LEGACY PROGRAM, AND OFFERING "BEYOND THE GRANT" SERVICES THAT GOES BEYOND FUNDING TO SMALL BUSINESSES BY PROVIDING COACHING AND OTHER ASSISTANCE.


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Board, Officers & Key Employees

Name (title)Compensation
Jill Fink
Executive Director
$137,500
Bruce Hotaling
Board Chair
$0
James Johnson-Piett
Board Treasurer
$0
Steven King
Board Vice Chair
$0
Ana Lisa Yoder
Board Secretary
$0
Kersy Azocar
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $325,300
All other contributions, gifts, grants, and similar amounts not included above$235,000
Noncash contributions included in lines 1a–1f $75,345
Total Revenue from Contributions, Gifts, Grants & Similar$560,300
Total Program Service Revenue$0
Investment income $423,308
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $433,608
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,417,216

Grants Awarded

Over the last fiscal year, The Merchants Fund has awarded $178,258 in support to 15 organizations.

Grant RecipientAmount

LE BAOBAB

PURPOSE: COVID-19 RELIEF STABILIZATION GRANT (CYCLE 1); EMERGENCY GRANT

$25,000

HARRIETT'S BOOKSHOP

PURPOSE: DISCRETIONARY GRANT

$20,000

BRITISH IMPERIAL CLEANERS

PURPOSE: DISASTER RELIEF GRANT

$19,000

OLD NELSON FOOD COMPANY

PURPOSE: DISASTER RELIEF GRANT

$13,000

GREG'S KITCHEN

PURPOSE: DISASTER RELIEF GRANT

$13,000

ART HISTORY 101

PURPOSE: EMERGENCY GRANT; BTG DISCRETIONARY GRANT

$10,250
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that The Merchants Fund has recieved totaling $423,444.

Awarding OrganizationAmount
Philadelphia Industrial Development Corp

Philadelphia, PA

PURPOSE: CONDUIT GRANTS

$300,000
Philadelphia Foundation

Philadelphia, PA

PURPOSE: WEST PHILADELPHIA CORRIDOR BUSINESSES

$50,750
Rudolf Steiner Foundation Inc

San Francisco, CA

PURPOSE: FOR URBANE DEVELOPMENT (JAMES JOHNSON PIETT) FOR BII COHORT PARTICIPATORY GRANTMAKING POOL

$25,694
Polly A Levee Charitable Trust - Trust A - Krancer Trust

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT

$25,000
Pennsylvania 30 Day Fund Inc

Philadelphia, PA

PURPOSE: GRANT TO FUND 4 CHILDCARE PROVIDERS IN PHILADELPHIA

$12,000
The Cottage Bridge Foundation

Pittsburgh, PA

PURPOSE: GENERAL PURPOSES OF DONEE

$10,000
View Grant Recipient Profile

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