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
Under IRS private-foundation payout rules, Prime Foundation Inc reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Newton Park ($1,340,000), Potawatomi Zoological Society Inc ($75,000), St Joseph Cnty 4-h Fair Inc ($32,150).
| Recipient | Purpose | Amount |
|---|---|---|
| REALSERRVICES INC SOUTH BEND, IN | ALZHEIMER AND DEMENTIA SERVICES | $5,000 |
| AMERICAN BOER GOAT ASSOCIATION SAN ANGELO, TX | GENERAL SUPPORT | $14,500 |
| BEACON HEALTH FDN SOUTH BEND, IN | GENERAL SUPPORT | $30,000 |
| CULTIVATE FOOD RESCUE SOUTH BEND, IN | GENERAL SUPPORT | $10,000 |
| AMERICAN CANCER SOCIETY ATLANTA, GA | GENERAL SUPPORT | $5,000 |
| JUNIOR ACHIEVEMENT OF NORTHERN INC FORT WAYNE, IN | GENERAL SUPPORT | $10,000 |
| OUR BROTHERS PLACE FISHERS, IN | GENERAL SUPPORT | $5,000 |
| LAKEVILLE UNITED METHODIST CURCH LAKEVILLE, IN | GENERAL SUPPORT | $12,000 |
| NATIONS OF COACHES INC DECATUR, AL | GENERAL SUPPORT | $20,000 |
| NEWTON PARK LAKEVILLE, IN | GENERAL SUPPORT | $1,340,000 |
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
Frequently Asked Questions
What does Prime Foundation Inc fund?
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.
How do I apply for a grant from Prime Foundation Inc?
Prime Foundation Inc is an active grantmaker with the following characteristics: **Grant Activity:** • Made 17 grants in 2024 • Total giving in 2024: $1,607,434 • Average grant size: approximately $78,000 • Grant range: $32,150 to $1,340,000 **Recent Grants (2024):** • Newton Park: $1,340,000 (General Support) • Potawatomi Zoological Society: $75,000 (General Support) • St Joseph County 4-H Fair: $32,150 (General Support) The foundation does not list specific application procedures or deadlines…
Where does Prime Foundation Inc make 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
What size grants does Prime Foundation Inc award?
In 2024, Prime Foundation Inc awarded 17 grants totaling $1.6M — an average of about $95K per grant, based on its IRS Form 990 filings.
How much is Prime Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Prime Foundation Inc reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Prime Foundation Inc's EIN?
Prime Foundation Inc's EIN (Employer Identification Number) is 81-4380271. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Prime Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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