Midwest Cardiovascular Research and Education Foundation

Private foundation · Grantmaker Elkhart, IN EIN: 56-2394304

Midwest Cardiovascular Research and Education Foundation is a private foundation focused on Medical Research, based in Elkhart, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $566K in total assets. In 2025, it awarded 4 grants totaling $29K. Net investment income was $13K.

Key facts about Midwest Cardiovascular Research and Education Foundation

In short: Midwest Cardiovascular Research and Education Foundation gave $29K across 4 grants in 2025 (avg $7K), mostly in Indiana. Source: 2025 IRS Form 990-PF.

EIN
56-2394304
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$29,447
Grants made (2025)
4
Average grant
$7,362
Median grant
$5,474
Total assets
$565,899
Primary geography
Indiana (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$566K

+65.8% YoY

Annual Giving

$29K

+63.6% YoY

Grant Count

4

+100.0% YoY

Avg Grant Size

$7K

-18.2% YoY

How Midwest Cardiovascular Research and Education Foundation gives

  • Giving grew 741% from 2022 to 2025. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 4 itemized grants.

States

Cities

BloomingtonSouth BendElkhart

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K0 grants2020 2 grants2021 2 grants2022 1 grant2023 2 grants2024 4 grants2025

From 2021 to 2025, annual grant giving ranged from $4K (2022) to $29K (2025). In 2025 it made 4 grants totaling $29K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Indiana University Foundation: $18KIndiana University Foundation$18KWVPE Public Radio: $6KWVPE Public Radio$6KBeacon Health Foundation: $5KBeacon Health Foundation$5KWnit Public Television: $1KWnit Public Television$1K

The largest 2025 recipient was Indiana University Foundation ($18K). Together the top 4 received $29K.

Grant Size Distribution

11 grants across all recorded years

11<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 11 grants of 11 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Indiana University Foundation Bloomington, INGeneral Purposes$17,500
WVPE Public Radio Elkhart, INGeneral Purposes$5,947
Beacon Health Foundation South Bend, INGeneral Purposes$5,000
Wnit Public Television South Bend, INGeneral Purposes$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$565,899$341,252$357,989
Revenue$633,209$398,822$404,188
Expenses$408,562$415,559$326,208
Qualifying Distributions$29,447$18,000$12,500
Net Investment Income$13,407$4,686$3,532

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS September 13, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS March 10, 2022)
  3. Updated Form 990-PF for fiscal year 2023 (received by the IRS March 6, 2024)
  4. Updated Form 990-PF for fiscal year 2024 (received by the IRS March 28, 2025)
  5. Updated Form 990-PF for fiscal year 2025 (received by the IRS February 23, 2026)
  6. Updated Form 990-PF for fiscal year 2022 (received by the IRS February 28, 2023)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Midwest Cardiovascular Research and Education Foundation is led by Vijay Mehta MD, President since 2025 (on filings since 2020); none of the 6 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Vijay Mehta MD

    President

    Board Memeber → Board Member, 2022

    Board Member → President, 2025

    On filings since 2020

    4 hrs/week

    No compensation reported

  • Troy Weirick MD

    Treasurer

    Board Memeber → Board Member, 2022

    Board Member → Treasurer, 2025

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Jennifer Pierce Rn Msn

    Board Member

    On filings since 2022

    1 hr/week

    No compensation reported

  • Adil Wani MD

    Vice President

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Amjad Ullah Syed MD

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Jill Newcomer Nurse Practitioner

    Secretary

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (5)
  • Former: Ann Rathburn-Lacopo (2020–2024) — Secretary
  • Former: Charles Mathis MD (2020–2024) — Treasurer
  • Former: Donald Westerhausen Jr. MD (2020–2024) — President
  • Former: William Sarnat MD (2020–2024) — Vice President
  • Former: Jennifer Pierce (2020–2021) — Board Member

Data from IRS Form 990 filings, 2020–2025. "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 Midwest Cardiovascular Research and Education Foundation

How much does Midwest Cardiovascular Research and Education Foundation give each year?

Midwest Cardiovascular Research and Education Foundation gave $29K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $18K across 2 grants.

What is Midwest Cardiovascular Research and Education Foundation's typical grant size?

Midwest Cardiovascular Research and Education Foundation's median grant in 2025 was $5,474, and its average grant was $7,362, across 4 grants on its 2025 IRS Form 990-PF.

Where does Midwest Cardiovascular Research and Education Foundation give grants?

Midwest Cardiovascular Research and Education Foundation gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were South Bend, IN (2 grants).

Does Midwest Cardiovascular Research and Education Foundation give general operating support?

Yes: 100% of Midwest Cardiovascular Research and Education Foundation's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.

How large is Midwest Cardiovascular Research and Education Foundation?

Midwest Cardiovascular Research and Education Foundation reported $566K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $633K.

What is Midwest Cardiovascular Research and Education Foundation?

Midwest Cardiovascular Research and Education Foundation is a private foundation focused on Medical Research, based in Elkhart, IN. It holds $566K in total assets as of 2025.

What is Midwest Cardiovascular Research and Education Foundation's EIN?

Midwest Cardiovascular Research and Education Foundation's EIN (Employer Identification Number) is 56-2394304. IRS Form 990 filing data is available on this page for 2020–2025.

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

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