First Merchants Southern Indiana
First Merchants Southern Indiana is a private foundation, based in Jeffersonville, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $6.6M in total assets. In 2025, it awarded 6 grants totaling $268K. Net investment income was $200K.
First Merchants Southern Indiana at a glance
In short: First Merchants Southern Indiana gave $268K across 6 grants in 2025 (avg $45K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $268,116
- +28.7% vs 2024
- Grants made (2025)
- 6
- +0.0% vs 2024
- Average grant
- $44,686
- +28.7% vs 2024
- Median grant
- $30,808
- Total assets
- $6,575,439
- +17.5% vs 2024
- Primary geography
- Indiana (51% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who First Merchants Southern Indiana funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Junior Achievement of Kentuckiana ($100K). Together the top 6 received $268K.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 24 grants of 34 (71%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How First Merchants Southern Indiana gives
- Giving held roughly steady from 2022 to 2025 (−4%). Method
- In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $199K (2021) to $279K (2022). In 2025 it made 6 grants totaling $268K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Junior Achievement of Kentuckiana Louisville, KY | Educationaleducational | $100,000 |
| Leadership Southern Indiana Sellersburg, IN | Educational | $75,000 |
| Junior Achievement of Southwestern Indiana Evansville, IN | Educational | $36,616 |
| Big Brothers Big Sisters of Kentuckiana Inc Louisville, KY | Community Economic Development | $25,000 |
| Clarksville in Community Schools Clarksville, IN | Educational | $25,000 |
| Daviess Co CEO Owensboro, KY | Educational | $6,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $6,575,439 | $200,451 | $276,520 | $268,116 | 6 | $268,116 | $200,451 | $279,524 |
| 2024 | $5,595,119 | $224,336 | $219,084 | $208,400 | 6 | $208,400 | $224,336 | $221,018 |
| 2023 | $3,664,440 | $147,384 | $264,702 | $259,065 | 8 | $259,065 | $147,384 | $172,174 |
| 2022 | $4,445,648 | $196,890 | $288,063 | $278,800 | 9 | $278,800 | $196,890 | $259,065 |
| 2021 | $6,051,588 | $276,393 | $204,940 | $199,199 | 5 | $199,199 | $276,393 | $278,800 |
| 2020 | $5,120,612 | $139,581 | $247,581 | $243,300 | 10 | — | $139,581 | $199,693 |
Under IRS private-foundation payout rules, First Merchants Southern Indiana reported a distributable amount of $280K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
First Merchants Southern Indiana is led by Larry W. Myers, President on every filing since 2020; none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
Larry W. Myers
President
On filings since 2020
No compensation reported
Larry Ricke
Chairman
On filings since 2020
No compensation reported
Cecile A. Blau
Board Member
On filings since 2020
No compensation reported
Jackie R. Journell
Officer
On filings since 2020
No compensation reported
John P. Lawson Jr.
Treasurer & Secretary
On filings since 2020
No compensation reported
Kent Parisien
Board Member
On filings since 2020
No compensation reported
Rita Hudson Shourds
Board Member
On filings since 2020
No compensation reported
Tony A. Schoen
Officer
On filings since 2020
No compensation reported
Christy Karmire
Board Member
On filings since 2023
No compensation reported
Jacob Julius
Board Member
On filings since 2023
No compensation reported
Former officers (1)
- Former: Mary Elizabeth Miller (2020–2021) — Board Member
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about First Merchants Southern Indiana
How much does First Merchants Southern Indiana give each year?
First Merchants Southern Indiana gave $268K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $208K across 6 grants.
What is First Merchants Southern Indiana's typical grant size?
First Merchants Southern Indiana's median grant in 2025 was $30,808, and its average grant was $44,686, across 6 grants on its 2025 IRS Form 990-PF.
Where does First Merchants Southern Indiana give grants?
First Merchants Southern Indiana gives mostly in Indiana: 51% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Kentucky (49%). The most frequent recipient cities were Louisville, KY (2 grants).
Does First Merchants Southern Indiana give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on First Merchants Southern Indiana's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational" (4 grants).
Who are First Merchants Southern Indiana's largest grantees?
First Merchants Southern Indiana's largest 2025 grantees include Junior Achievement of Kentuckiana ($100,000), Leadership Southern Indiana ($75,000) and Junior Achievement of Southwestern Indiana ($36,616), according to its 2025 IRS Form 990-PF. Together they received 79% of its itemized 2025 grant dollars.
How large is First Merchants Southern Indiana?
First Merchants Southern Indiana reported $6.6M in total assets on its 2025 IRS Form 990-PF. It paid out $268K in qualifying distributions that year, against a required minimum of $280K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is First Merchants Southern Indiana's EIN?
First Merchants Southern Indiana's EIN (Employer Identification Number) is 26-3464829. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
Live grants for the work First Merchants Southern Indiana funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in First Merchants Southern Indiana's focus areas in our free grants database
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