Prime Foundation Inc is a private independent foundation based in Lakeville, Indiana. Established in 2017, it operates as a 501(c)(3) tax-exempt organization with a primary focus on grantmaking and philanthropy. The foundation maintains offices in Lakeville and South Bend, Indiana.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18.9M
+3.2% YoY
Annual Giving
$1.6M
+2.9% YoY
Grant Count
17
-15.0% YoY
Avg Grant Size
$95K
+21.1% YoY
Mission & Focus Areas
The foundation does not have a publicly stated mission statement. However, based on recent grantmaking activity, Prime Foundation Inc supports charitable causes including juvenile diabetes, Alzheimer's and dementia services, wildlife conservation, youth development, scouting organizations, and leadership development programs.
Grantmaking
Prime Foundation Inc is an active grantmaker with the following characteristics:
Grant Range
approximately $78,000
Average Grant
approximately $78,000
Review Cycle
in available sources.
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Geographic Focus
Where this funder awards grants
Prime Foundation Inc funds projects across multiple states, including:
- Indiana (primary focus, including Lakeville, Indianapolis, and Fort Wayne)
- Alabama
- North Carolina
- New York
- Tennessee
- Texas
- Kentucky
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $18,948,046
- Total Revenues: $2,359,047
- Total Expenses: $1,781,716
- Total Liabilities: $0
Revenue Composition (2024):
- Investment income and dividends: $705,977
- Net gain from sale of non-inventory assets: $1,653,070
As of December 2023:
- Total Assets: $18.4 million
- Total Revenues: $1.25 million
- Total Expenses: $1.78 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $18,948,046 | $18,366,075 | $18,907,275 |
| Revenue | $2,359,047 | $1,251,420 | $1,707,287 |
| Expenses | $1,781,716 | $1,777,370 | $1,370,946 |
| Qualifying Distributions | $1,607,434 | $1,562,025 | $1,176,547 |
| Net Investment Income | $2,184,765 | $1,101,855 | $1,553,728 |
| Distributable Amount | $1,253,655 | $1,129,659 | $1,183,963 |
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
89 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 |
|---|---|---|---|
| JENNIFER MERRILL | SECRETARY | 1 | — |
| MAJORIE SKAGGS | PRESIDENT/TREASURER | 1 | — |
| SCOTTY MERRILL | VICE PRESIDENT | 1 | — |
| MIKE HARDY | BOARD MEMBER | 1 | — |
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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