The Merritt Charitable Fund Inc
The Merritt Charitable Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIAMI BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 6 grants totaling $46K. Net investment income was $163K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
+6.9% YoY
Annual Giving
$46K
-56.9% YoY
Grant Count
6
-45.5% YoY
Avg Grant Size
$8K
-21.1% YoY
Under IRS private-foundation payout rules, The Merritt Charitable Fund Inc reported a distributable amount of $106K for 2024 — the minimum it must pay out in qualifying distributions.
About The Merritt Charitable Fund Inc
Based on IRS filings
The Merritt Charitable Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIAMI BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 6 grants totaling $46K. Net investment income was $163K.
Focus Areas
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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 | $1,810,634 | $1,694,221 | $1,652,795 |
| Revenue | $183,275 | $163,823 | $3,636 |
| Expenses | $66,862 | $122,397 | $169,421 |
| Qualifying Distributions | $46,254 | $107,411 | $151,553 |
| Net Investment Income | $162,667 | $148,837 | $4,062 |
| Distributable Amount | $106,377 | $88,083 | $98,238 |
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
60 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Thrive for Life Prison Project Inc ($10,412), Hanley Foundation ($10,363), Cloverleaf Equine Center ($10,298).
| Recipient | Purpose | Amount |
|---|---|---|
| THE LAMB CENTER FAIRFAX, VA | HOMELESS SERVICE IN FAIRFAX, VIRGINIA | $5,000 |
| CLOVERLEAF EQUINE CENTER CLIFTON, VA | PROVIDES EQUINE-ASSISTED ACTIVITIES FOR CHILDREN AND ADULTS WITH DISABILITIES IN AN AN INCLUSIVE, COMMUNITY SETTING. | $10,298 |
| YOUNG PEOPLE'S CHORUS OF NEW YORK CITY NEW YORK, NY | PROVIDE CHILDREN OF ALL CULTURAL AND ECONOMIC BACKGROUNDS WITH A UNIQUE PROGRAM OF MUSIC EDUCATION | $5,181 |
| THRIVE FOR LIFE PRISON PROJECT INC NEW YORK, NY | TO CREATE OPPORTUNITIES FOR INCARCERATED | $10,412 |
| HANLEY FOUNDATION WEST PALM BEACH, FL | TREATING ADDICTION AND MENTAL HEALTH | $10,363 |
| LUTHER JACKSON MIDDLE CHARLOTTE, NC | TO SUPPORT EDUCATIONAL INSTITUTION | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TERESA SCHAAL | PRESIDENT | 1 | — |
| CHRISTIN SOLY | VICE PRESIDENT | 1 | — |
| DAVID M KLAASSEN | TREASURER | 1 | — |
| LINDSEY KLAASSEN | SECRETARY | 1 | — |
| MARTHA HAVERKAMP | BOARD MEMBER | 1 | — |
| BARBARA JANE MERRITT | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Merritt Charitable Fund Inc?
The Merritt Charitable Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIAMI BEACH, FL. It holds $1.8M in total assets as of 2024.
How large is The Merritt Charitable Fund Inc?
As of 2024, The Merritt Charitable Fund Inc holds $1.8M in total assets with $183K in annual revenue. It awarded 6 grants totaling $46K in 2024.
Where does The Merritt Charitable Fund Inc operate?
The Merritt Charitable Fund Inc has awarded grants in Connecticut, District of Columbia, Florida, North Carolina, New York, Virginia.
What size grants does The Merritt Charitable Fund Inc award?
In 2024, The Merritt Charitable Fund Inc awarded 6 grants totaling $46K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is The Merritt Charitable Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Merritt Charitable Fund Inc reported a distributable amount of $106K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Merritt Charitable Fund Inc's EIN?
The Merritt Charitable Fund Inc's EIN (Employer Identification Number) is 82-3462210. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Merritt Charitable Fund Inc'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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