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
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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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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