Mer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLOTTE, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $316K in total assets. In 2024, it awarded 4 grants totaling $58K. Net investment income was $29K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$316K
-8.3% YoY
Annual Giving
$58K
+1.3% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$15K
+1.3% YoY
Under IRS private-foundation payout rules, Mer Foundation reported a distributable amount of $60K for 2024 — the minimum it must pay out in qualifying distributions.
About Mer Foundation
Based on IRS filings
Mer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLOTTE, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $316K in total assets. In 2024, it awarded 4 grants totaling $58K. Net investment income was $29K.
Focus Areas
Ready to take the next step with Mer Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $315,874 | $344,414 | $362,065 |
| Revenue | $29,465 | $42,116 | $27,925 |
| Expenses | $58,005 | $58,585 | $68,977 |
| Qualifying Distributions | $58,000 | $57,229 | $62,000 |
| Net Investment Income | $29,465 | $41,391 | $27,250 |
| Distributable Amount | $60,319 | $55,429 | $57,352 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Roc Charlotte ($25,375), Answer Scholarship ($21,750), Donor's Choose ($7,250).
| Recipient | Purpose | Amount |
|---|---|---|
| ROC CHARLOTTE CHARLOTTE, NC | GENERAL FUND | $25,375 |
| ANSWER SCHOLARSHIP CHARLOTTE, NC | GENERAL FUND | $21,750 |
| DONOR'S CHOOSE NEW YORK, NY | GENERAL FUND | $7,250 |
| WFAE CHARLOTTE, NC | GENERAL FUND | $3,625 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARTHA E RIDINGS | DIRECTOR | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mer Foundation?
Mer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLOTTE, NC. It holds $316K in total assets as of 2024.
How large is Mer Foundation?
As of 2024, Mer Foundation holds $316K in total assets with $29K in annual revenue. It awarded 4 grants totaling $58K in 2024.
Where does Mer Foundation operate?
Mer Foundation has awarded grants in North Carolina, New York.
What size grants does Mer Foundation award?
In 2024, Mer Foundation awarded 4 grants totaling $58K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Mer Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mer Foundation reported a distributable amount of $60K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mer Foundation's EIN?
Mer Foundation's EIN (Employer Identification Number) is 82-2429004. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Mer Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Hillbrook Gkp Iii Foundation Inc
GREENSBORO, NC
Assets
$32K
Grants
1
Total Given
$2K
Rotary Club of Salisbury Charities
SALISBURY, NC
Assets
$39K
Grants
1
Total Given
$50K
Ihope Foundation
GREENSBORO, NC
Assets
$10K
Grants
1
Total Given
$20K
Flow Foundation Inc
WINSTONSALEM, NC
Assets
$395K
Grants
53
Total Given
$1.5M
Orange County Partnership for Young
HILLSBOROUGH, NC
Assets
$477K
Grants
18
Total Given
$2.1M
North Carolina Baptist Hospital
WINSTONSALEM, NC
Assets
$2.8B
Grants
17
Total Given
$634K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Mer Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Mer Foundation to a real strategy.