Merit Foundation

MOUNT PROSPECT, IL EIN: 36-4156727

Merit Foundation is a nonprofit organization, based in MOUNT PROSPECT, IL. IRS filing data is available from 2020 through 2024. In 2024, it awarded 25 grants totaling $72K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

Annual Giving

$72K

+21.2% YoY

Grant Count

25

+4.2% YoY

Avg Grant Size

$3K

+16.3% YoY

About Merit Foundation

Based on IRS filings

Merit Foundation is a nonprofit organization, based in MOUNT PROSPECT, IL. IRS filing data is available from 2020 through 2024. In 2024, it awarded 25 grants totaling $72K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

15states
+7 more states

Cities

ALEXANDRIABOSTONCARYCHARLOTTECHELSEACLEMMONSDALLASEASTONGILBERTHERNDONHONOLULUHOUSTONKENNESAWMADISONMEMPHISMIDDLETONMILWAUKEENEW YORKPASADENAPHILADELPHIA

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.120202021202220232024
Metric202420232022
Total Assets
Revenue
Expenses
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$18K$36K$54K$72K17 grants202019 grants202118 grants202224 grants202325 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

HOLY CROSS LUTHERAN CHURCH$8KGOOD SHEPHERD LUTHERAN C…$7KLAFAYETTE COLLEGE$7KMENTAL HEALTH AMERICA INC$7KROMAN CATHOLIC DIOCESE O…$5KSUMMIT SCHOOL OF AHWATUKEE$4KCHILD POVERTY ACTION LAB$3KBAPTISTS ON MISSION - HU…$3KCAMP GRAY$3KLOCAL INITIATIVES SUPPOR…$3K

Grant Size Distribution

103 grants across all recorded years

103<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Holy Cross Lutheran Church ($7,500), Good Shepherd Lutheran Church ($7,000), Lafayette College ($7,000).

RecipientPurposeAmount
CAMP GRAY REEDSBURG, WIRECREATIONAL$2,500
CANCER SERVICES INC WINSTONSALEM, NCCHARTIABLE$1,000
GAY & LESBIAN ALLIANCE AGAINST DEFAMATION PASADENA, CACHARITABLE$500
GOOD SHEPHERD LUTHERAN CHURCH HERNDON, VARELIGIOUS$7,000
GRACE LUTHERAN CHURCH CLEMMONS, NCRELIGIOUS$2,000
HOLY CROSS LUTHERAN CHURCH WHEATON, ILRELIGIOUS$7,500
HUSHABYE NURSERY GILBERT, AZCHARITABLE$1,000
LAFAYETTE COLLEGE EASTON, PAEDUCATION$7,000
LOCAL INITIATIVES SUPPORT CORPORATION NEW YORK, NYCHARITABLE$2,500
PITT HOPKINS FOUNDATION PLYMOUTH, MASCIENTIFIC$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

REBECCA JOHNSONDIRECTOR$300LAUREN B CANTONIDIRECTOR$300STEPHEN FRUCHTDIRECTOR$300ANDREW FRUCHTDIRECTOR$300ANNEMARIE JOHNSONDIRECTOR$300JAMES FRUCHTDIRECTOR$300KATHERINE FRUCHTDIRECTOR$300NATHANIEL FRUCHTDIRECTOR$300MARK FRUCHTDIRECTOR$300ANNA FRUCHTDIRECTOR$300

From 2024 filing

NameTitleHoursCompensation
BRENDA FRUCHTTREASURER1
REBECCA JOHNSONDIRECTOR1$300
LAUREN B CANTONIDIRECTOR1$300
STEPHEN FRUCHTDIRECTOR1$300
MICHAEL FRUCHTPRESIDENT1
ANDREW FRUCHTDIRECTOR1$300
ANNEMARIE JOHNSONDIRECTOR1$300
JAMES FRUCHTDIRECTOR1$300
KATHERINE FRUCHTDIRECTOR1$300
NATHANIEL FRUCHTDIRECTOR1$300
MARK FRUCHTDIRECTOR1$300
ANNA FRUCHTDIRECTOR1$300
EMMA CANTONIDIRECTOR1
VIVIAN JOHNSONJUNIOR DIRECTOR1
ADAM FRUCHTJUNIOR DIRECTOR1
ELIZABETH CANTONIJUNIOR DIRECTOR1
BRIAN CANTONISECRETARY1

Frequently Asked Questions

Where does Merit Foundation operate?

Merit Foundation has awarded grants in Arizona, California, Georgia, Hawaii, Illinois, Massachusetts, North Carolina, New York, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Wisconsin.

What size grants does Merit Foundation award?

In 2024, Merit Foundation awarded 25 grants totaling $72K — an average of about $3K per grant, based on its IRS Form 990 filings.

What is Merit Foundation's EIN?

Merit Foundation's EIN (Employer Identification Number) is 36-4156727. IRS Form 990 filing data is available on this page for 2020–2024.

Explore Open Grants

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Related Funders

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

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