Merganser Fund Inc
Merganser Fund Inc is a private foundation, based in Hartland, WI. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $11K in total assets. In 2024, it awarded 9 grants totaling $19K.
Merganser Fund Inc at a glance
In short: Merganser Fund Inc gave $19K across 9 grants in 2024 (avg $2K), mostly in Wisconsin. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $18,810
- +18.5% vs 2023
- Grants made (2024)
- 9
- -40.0% vs 2023
- Average grant
- $2,090
- +97.5% vs 2023
- Median grant
- $2,000
- Total assets
- $10,987
- -65.3% vs 2023
- Primary geography
- Wisconsin (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Merganser Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Versiti BRI Foundation ($6K). Together the top 9 received $19K.
Grant Size Distribution
51 grants across all recorded years
The most common grant size was under $50K: 51 grants of 51 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How Merganser Fund Inc gives
- Giving grew 88% from 2021 to 2024. Method
- In 2024 it paid out well above 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 2019 to 2024, annual grant giving ranged from $6K (2020) to $25K (2022). In 2024 it made 9 grants totaling $19K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Versiti BRI Foundation Milwaukee, WI | Operating Expenses | $6,000 |
| St Teresa of Calcutta Parish Hartland, WI | Operating Expenses | $4,000 |
| Malaika Early Learning Center Milwaukee, WI | Operating Expenses | $3,550 |
| Fellow Mortals Lake Geneva, WI | Operating Expenses | $2,000 |
| Lake Area Free Clinic Hartland, WI | Linda Geiss Memorial | $2,000 |
| Tall Pines Conservancy Nashotah, WI | Operating Expenses | $1,000 |
| Hebron House Waukesha, WI | Operating Expenses | $100 |
| The Womens Center Waukesha, WI | Operating Expenses | $100 |
| Milwaukee PBS Milwaukee, WI | Operating Expenses | $60 |
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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 | $10,987 | $6,065 | $26,769 | $18,810 | 9 | $18,810 | — | $88 |
| 2023 | $31,691 | $-1,239 | $17,846 | $15,875 | 15 | $15,875 | $3,051 | $123 |
| 2022 | $50,776 | $12,386 | $39,655 | $24,780 | 15 | $32,218 | — | $321 |
| 2021 | $78,645 | $8,452 | $21,108 | $10,000 | 5 | $15,554 | — | $409 |
| 2020 | $96,103 | $33,103 | $23,579 | $5,530 | 7 | — | — | $361 |
| 2019 | $86,579 | $29,456 | $28,225 | $5,565 | 6 | — | — | $345 |
Under IRS private-foundation payout rules, Merganser Fund Inc reported a distributable amount of $88 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Merganser Fund Inc is led by Samuel E. Bradt, President on every filing since 2019; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Samuel E. Bradt
President
On filings since 2019
6 hrs/week
$18K (2019) → $0 (2024)
Nancy B. Bradt
Director
On filings since 2019
2.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $9K, to Samuel E Bradt (President).
Frequently asked questions about Merganser Fund Inc
How much does Merganser Fund Inc give each year?
Merganser Fund Inc gave $19K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $16K across 15 grants.
What is Merganser Fund Inc's typical grant size?
Merganser Fund Inc's median grant in 2024 was $2,000, and its average grant was $2,090, across 9 grants on its 2024 IRS Form 990-PF.
Where does Merganser Fund Inc give grants?
Merganser Fund Inc gives mostly in Wisconsin: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Milwaukee, WI (3 grants), Hartland, WI (2 grants) and Waukesha, WI (2 grants).
Does Merganser Fund Inc give general operating support?
Yes: 89% of Merganser Fund Inc's 2024 grants with a stated purpose (8 of 9) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Merganser Fund Inc's largest grantees?
Merganser Fund Inc's largest 2024 grantees include Versiti BRI Foundation ($6,000), St Teresa of Calcutta Parish ($4,000) and Malaika Early Learning Center ($3,550), according to its 2024 IRS Form 990-PF. Together they received 72% of its itemized 2024 grant dollars.
How large is Merganser Fund Inc?
Merganser Fund Inc reported $11K in total assets on its 2024 IRS Form 990-PF. It paid out $19K in qualifying distributions that year, against a required minimum of $88 (roughly 5% of its investment assets).
What is Merganser Fund Inc's EIN?
Merganser Fund Inc's EIN (Employer Identification Number) is 39-1868940. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 15, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Merganser Fund Inc funds
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