Mercado Life Foundation
Mercado Life Foundation is a private foundation, based in Wesley Chapel, FL. IRS filing data is available from 2020 through 2024. In 2024, it awarded 2 grants totaling $76K. Net investment income was $3K.
Mercado Life Foundation at a glance
In short: Mercado Life Foundation gave $76K across 2 grants in 2024 (avg $38K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $75,764
- Grants made (2024)
- 2
- Average grant
- $37,882
- Median grant
- $37,882
- Primary geography
- New Jersey (95% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Mercado Life Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Rutgers University Foundation ($72K). Together the top 2 received $76K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Mercado Life Foundation gives
- Giving grew 589% from 2021 to 2024. Method
- In 2024 it paid out 731% of its IRS minimum distribution (the 5% rule). 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 2021 to 2024, annual grant giving ranged from $11K (2021) to $76K (2024). In 2024 it made 2 grants totaling $76K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rutgers University Foundation New Brunswick, NJ | Donation | $71,834 |
| National Pediatric Cancer Foundation Tampa, FL | Donation | $3,930 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $3,305 | $178,151 | $75,764 | 2 | $178,151 | $3,305 | $24,370 |
| 2023 | $651,596 | $367,617 | $56,397 | — | — | $56,397 | $8 | $17,330 |
| 2022 | $419,978 | $134,254 | $31,591 | — | — | $31,591 | — | $20,664 |
| 2021 | $317,315 | $6,527 | $14,212 | $11,000 | 2 | $11,000 | $6,527 | $26,340 |
| 2020 | $325,000 | $350,000 | $25,000 | — | — | — | — | — |
Under IRS private-foundation payout rules, Mercado Life Foundation reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mercado Life Foundation is led by Ronniel Mercado, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Ronniel Mercado
Trustee
On filings since 2020
No compensation reported
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 Mercado Life Foundation
How much does Mercado Life Foundation give each year?
Mercado Life Foundation gave $76K across 2 grants in 2024, according to its 2024 IRS Form 990-PF.
Where does Mercado Life Foundation operate?
Mercado Life Foundation has awarded grants in Florida, New Jersey.
How much is Mercado Life Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mercado Life Foundation reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mercado Life Foundation's EIN?
Mercado Life Foundation's EIN (Employer Identification Number) is 85-6787000. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 15, 2022)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Mercado Life Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Figures come from Mercado Life Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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