Mervis Family Foundation
Mervis Family Foundation is a private foundation, based in CARMEL, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $890K in total assets. In 2024, it awarded 6 grants totaling $395K. Net investment income was $85K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$890K
-14.8% YoY
Annual Giving
$395K
+117.1% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$66K
+80.9% YoY
Under IRS private-foundation payout rules, Mervis Family Foundation reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.
About Mervis Family Foundation
Based on IRS filings
Mervis Family Foundation is a private foundation, based in CARMEL, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $890K in total assets. In 2024, it awarded 6 grants totaling $395K. Net investment income was $85K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $889,721 | $1,044,399 | $946,391 |
| Revenue | $165,202 | $408,086 | $325,263 |
| Expenses | $412,049 | $188,675 | $281,861 |
| Qualifying Distributions | $394,594 | $181,779 | $276,080 |
| Net Investment Income | $84,802 | $155,388 | $160,033 |
| Distributable Amount | $46,750 | $40,577 | $45,933 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hillel of Indiana University ($262,860), Congregation Shaarey Tefilla ($52,773), Educational Organizations - ($34,360).
| Recipient | Purpose | Amount |
|---|---|---|
| CIVIC ORGANIZATIONS - DANVILLE, IL | CIVIC CAUSES | $18,995 |
| EDUCATIONAL ORGANIZATIONS - DANVILLE, IL | EDUCATIONAL CAUSES | $34,360 |
| HILLEL OF INDIANA UNIVERSITY BLOOMINGTON, IN | FOUNDATION SUPPORT | $262,860 |
| JEWISH ORGANIZATIONS - CHAMPAIGN, IL | JEWISH CAUSES | $23,220 |
| MEDICAL ORGANIZATIONS - CARMEL, IN | MEDICAL RESEARCH/SUPPORT | $2,386 |
| CONGREGATION SHAAREY TEFILLA CARMEL, IN | FOUNDATION SUPPORT | $52,773 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL J MERVIS | PRESIDENT | — | — |
| SYBIL S MERVIS | SECRETARY | — | — |
| ROBERT L BATES | TREASURER | — | — |
| AUDRA MERVIS | DIRECTOR | — | — |
| JOSEPH MERVIS | DIRECTOR | — | — |
| ISAAC MERVIS | VICE PRESIDENT | — | — |
| ZOE MERVIS | DIRECTOR | — | — |
Frequently Asked Questions
How large is Mervis Family Foundation?
As of 2024, Mervis Family Foundation holds $890K in total assets with $165K in annual revenue. It awarded 6 grants totaling $395K in 2024.
Where does Mervis Family Foundation operate?
Mervis Family Foundation has awarded grants in Illinois, Indiana.
What size grants does Mervis Family Foundation award?
In 2024, Mervis Family Foundation awarded 6 grants totaling $395K — an average of about $66K per grant, based on its IRS Form 990 filings.
How much is Mervis Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mervis Family Foundation reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mervis Family Foundation's EIN?
Mervis Family Foundation's EIN (Employer Identification Number) is 35-1921800. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mervis Family 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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