Merit Foundation

Organization Overview

Merit Foundation is located in Mount Prospect, IL. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merit Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Merit Foundation generated $481.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $67.0k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Merit Foundation has awarded 121 individual grants totaling $215,150. 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.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $79,123
Interest on Savings $4
Dividends & Interest $26,054
Net Rental Income$0
Net Gain on Sale of Assets $376,173
Capital Gain Net Income $376,173
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $481,354

Grants Awarded

Over the last fiscal year, Merit Foundation has awarded $47,600 in support to 19 organizations.

Grant RecipientAmount

FOUNDATION FOR INDIVIDUAL RIGHTS IN ED

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: CHARITABLE

$6,700

XAVIER COLLEGE PREPARATORY

PURPOSE: EDUCATION

$6,700

LAFAYETTE COLLEGE

Org PageRecipient Profile

Easton, PA

PURPOSE: EDUCATION

$6,700

EDGEWOOD CAMPUS SCHOOL

Org PageRecipient Profile

Madison, WI

PURPOSE: EDUCATION

$4,800

Reedsburg, WI

PURPOSE: RECREATIONAL

$4,700

WINFIELD LIBRARY FRIENDS

PURPOSE: CHARITABLE

$3,700
View Grant Profile

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