The Merritt Charitable Fund Inc

MIAMI BEACH, FL EIN: 82-3462210

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

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Cities

BooneCharlotteCliftonFairfaxHamptonMiamiNew LondonNew YorkPembroke ParkWashingtonWest Palm Beach

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$53K$106K$158K$211K20202021202220232024
Metric202420232022
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

$0$43K$87K$130K$173K17 grants202014 grants202112 grants202211 grants20236 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

THRIVE FOR LIFE PRISON P…$10KHANLEY FOUNDATION$10KCLOVERLEAF EQUINE CENTER$10KYOUNG PEOPLE'S CHORUS OF…$5KTHE LAMB CENTER$5KLUTHER JACKSON MIDDLE$5K

Grant Size Distribution

60 grants across all recorded years

59<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

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

NameTitleHoursCompensation
TERESA SCHAALPRESIDENT1
CHRISTIN SOLYVICE PRESIDENT1
DAVID M KLAASSENTREASURER1
LINDSEY KLAASSENSECRETARY1
MARTHA HAVERKAMPBOARD MEMBER1
BARBARA JANE MERRITTBOARD MEMBER1

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

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

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