Memorial Foundation Inc
Memorial Foundation,inc. Is committed to building healthy, vibrant communities in protestant memorial medical center, inc.'s, dba memorial hospital, service area now and for generations to come.
Memorial Foundation Inc at a glance
In short: Memorial Foundation Inc gave $3.2M across 1 grant in 2024 (avg $3.2M), mostly in Illinois. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $3,170,448
- +26.4% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $3,170,448
- +26.4% vs 2023
- Median grant
- $3,170,448
- Total assets
- $138,707,756
- +8.0% vs 2023
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Memorial Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Protestant Memorial Medical Center Inc ($3.2M).
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $1–5M range: 3 grants of 9 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Memorial Foundation Inc gives
- Giving fell 78% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2.4M (2022) to $14.7M (2021). In 2024 it made 1 grant totaling $3.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Protestant Memorial Medical Center Inc Belleville, IL | To support the operational and capital needs of the hospital and the community service area | $3,170,448 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $138,707,756 | $15,096,633 | $3,615,630 | $3,170,448 | 1 | $14,905,991 |
| 2023 | $128,478,111 | $5,106,261 | $3,083,897 | $2,507,883 | 1 | $4,894,014 |
| 2022 | $119,936,551 | $570,990 | $2,865,608 | $2,380,649 | 1 | $318,438 |
| 2021 | $139,919,506 | $17,553,919 | $15,174,044 | $14,671,674 | 1 | $17,065,359 |
| 2020 | $129,559,015 | $4,795,666 | $6,890,230 | $6,399,690 | 5 | $4,492,170 |
About Memorial Foundation Inc
Based on IRS filings
Memorial Foundation Inc is a public charity, based in Belleville, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $138.7M in total assets. In 2024, it awarded 1 grant totaling $3.2M. Net investment income was $14.9M.
Leadership & Key People
Officers and directors from IRS filings
Memorial Foundation Inc is led by McManus Michael, President & Director Term since 2024 (on filings since 2020); none of the 16 officers listed in 2024 report compensation.
Officers on the 2024 filing
McManus Michael
President & Director Term
President & Director → President & Director Term, 2024
On filings since 2020
1 hr/week
No compensation reported
Graves Deborah
President & Director
New on the 2024 filing
1 hr/week
No compensation reported
Guthrie Gary
Chairman
Vice Chairman → Chairman, 2023
On filings since 2020
1 hr/week
No compensation reported
Boyer Geri
Director
Chairman → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Hoering Edward
Director
On filings since 2020
1 hr/week
No compensation reported
Mueller Robert
Director
Chairman → Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Reuter Garrett
Director
On filings since 2020
1 hr/week
No compensation reported
Schifferdecker Peggy
Director
On filings since 2020
1 hr/week
No compensation reported
Wiley Gerald
Director
On filings since 2020
1 hr/week
No compensation reported
Lowery Christopher
Director
On filings since 2021
1 hr/week
No compensation reported
Olroyd Rebecca
Director
On filings since 2022
1 hr/week
No compensation reported
Ford Tyrone
Director
New on the 2024 filing
1 hr/week
No compensation reported
Harris Alan
Director
New on the 2024 filing
1 hr/week
No compensation reported
Vanhook Eric
Director
New on the 2024 filing
1 hr/week
No compensation reported
Koesterer Susan
Secretary
On filings since 2022
1 hr/week
No compensation reported
Weld Martha
1st Vice Chairman
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (6)
- Former: Hoerner Kevin (2020–2023) — Director
- Former: Thomure Anne (2020–2023) — Executive Director
- Former: Gusmano Jane (2020–2022) — Secretary Term
- Former: Joseph Jean (2020–2021) — Director
- Former: Turner Mark (2020–2021) — Former President & Director Term · Filing note: Term ended 220
- Former: Graebe Robert (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "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 Memorial Foundation Inc
How much does Memorial Foundation Inc give each year?
Memorial Foundation Inc gave $3.2M across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $2.5M across 1 grant.
How large is Memorial Foundation Inc?
Memorial Foundation Inc reported $138.7M in total assets on its 2024 IRS Form 990. Its revenue that year was $15.1M.
Where does Memorial Foundation Inc operate?
Memorial Foundation Inc has awarded grants in Illinois, Missouri.
What is Memorial Foundation Inc's EIN?
Memorial Foundation Inc's EIN (Employer Identification Number) is 37-1186034. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2020–2024
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