Meritage Cares Foundation
Meritage Cares Foundation is a corporate foundation based in Scottsdale, Arizona, established in 2014. It operates as a qualified 501(c)(3) and 170(c)(2) charitable foundation affiliated with Meritage Homes Corporation, the fifth-largest public homebuilder in the United States. The foundation is structured as a grantmaking organization dedicated to philanthropic work in communities where Meritage operates.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
-12.4% YoY
Annual Giving
$1.2M
-19.3% YoY
Grant Count
62
+8.8% YoY
Avg Grant Size
$19K
-25.8% YoY
Mission & Focus Areas
The foundation's mission is to enrich lives in the metropolitan areas where Meritage does business by providing assistance to eligible charitable organizations for the support and well-being of children, families, military veterans, and other charitable causes approved by the Foundation's selection committee.
Primary funding areas include:
- Food Security: Supporting initiatives to combat food insecurity and hunger among children
- Veterans Support: Providing assistance to military veterans and their families, including housing support
- Environmental Conservation: Tree planting and reforestation efforts to increase urban canopy
- Education & Career Development: Funding K-12 education opportunities and career development initiatives
- Affordable Housing: Supporting initiatives to improve affordable housing supply
Grantmaking
Grant Types
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Geographic Focus
Where this funder awards grants
The foundation funds charitable organizations in the metropolitan areas where Meritage Homes operates. Specific mentions include communities in Arizona, Florida, and Georgia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $2,095,638
- Total Revenues: $913,395
- Total Expenses: $1,210,155
- Total Liabilities: $0
Historical Giving:
- Since its founding in 2014, the foundation has donated more than $4 million to national and local charities
- 2024 Foundation Giving: $1.5 million (through Meritage Cares)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,095,638 | $2,392,398 | $388,789 |
| Revenue | $913,395 | $3,502,012 | $1,030,866 |
| Expenses | $1,210,155 | $1,498,403 | $893,640 |
| Qualifying Distributions | $1,208,228 | $1,495,750 | $890,890 |
| Net Investment Income | $109,337 | — | $63,925 |
| Distributable Amount | $125,159 | $17,916 | $14,110 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PHILLIPPE LORD | PRESIDENT | 1 | — |
| HILLA SFERRUZZA | TREASURER | 1 | — |
| RICHARD REES | VP - TAXATION | 1 | — |
Recent News & Activity
Recent developments and announcements
In 2024, Meritage Homes contributed $3.3 million total in donations and sponsorships across its geographic footprint, with $1.5 million distributed mainly through Meritage Cares Foundation. The company also contributed nearly $1.8 million to fund K-12 education opportunities in Arizona, Florida, and Georgia.
Meritage Homes Contributes $4.2 Million In Donations and Funding In 2025The foundation established the Meritage Cares Assistance Fund in 2024, an employer-sponsored relief fund to aid employees impacted by natural disasters and other financial hardships.
The foundation received the 2023 Hearthstone BUILDER Humanitarian Award in recognition of its philanthropic work.
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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