Merck Company Foundation
- Assets
- $367.2m
- Revenue
- $118.1m
- Investments
- $284.1m
- Employees
- 0
- Location
- Kenilworth, NJ
- Founding
- 03/1959
- Data as of
- 12/2021
- EIN
- 22-6028476
Organization Overview
Merck Company Foundation is located in Kenilworth, NJ. The organization was established in 1959. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merck Company Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Merck Company Foundation generated $118.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $25.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Merck Company Foundation has awarded 106 individual grants totaling $24,744,435. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH LEADS INC. HEALTH LEADS 2020-2022: RESPONDING NOW REBUILDING FOR AN EQUITABLE FUTURE
POPULATION SERVICES INTERNATIONAL IMPROVING HIV TESTING PREVENTION AND TREATMENT FOR MSM IN SOUTH AFRICA: A HUMAN-CENTERED DESIGN APPROACH TO UNDERSTANDING AND ADDRESSING BARRIERS TO UPDATE SERVICES
UNIVERSITY OF NEW MEXICO- PROJECT ECHO: AMPLIFYING ACCESS TO CARE IN ASIA
AMERICAN NATIONAL RED CROSS THE AMERICAN RED CROSS ANNUAL DISASTER GIVING PROGRAM ADGP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Villar Carmen Chief Exec. Officer | 0 | $0 | |
Hardy Leslie Exec. Vice President | 0 | $0 | |
Jerome Mychalowych Vice President Tax | 0 | $0 | |
Litchfield Caroline Treasurer | 0 | $0 | |
Dillane Timothy Assistant Treasurer | 0 | $0 | |
Filderman Jon Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,106,526 |
| Interest on Savings | $1,934,720 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,106,911 |
| Total Revenue | $118,148,157 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $165,015 |
| Total operating and administrative expenses | $459,619 |
| Contributions, gifts, grants paid | $24,744,435 |
| Total expenses and disbursements | $25,204,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,419,857 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $715,187 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $284,095,175 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $367,230,219 |
| Accounts payable and accrued expenses | $3,989,788 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,989,788 |
Grants Awarded
Over the last fiscal year, Merck Company Foundation has awarded $24,744,435 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS ORGANIZATIONS PURPOSE: CHARITABLE CONTRIBUTION | $8,430,633 |
Washington, DC PURPOSE: CONTRIBUTION PROVIDED | $910,023 |
UNIVERSITY OF NEW MEXICO PURPOSE: CONTRIBUTION PROVIDED | $900,000 |
Washington, DC PURPOSE: CONTRIBUTION PROVIDED | $600,000 |
HEALTH LEADS INC PURPOSE: CONTRIBUTION PROVIDED | $500,000 |
THE REED INSTITUTE DBA REED COLLEGE PURPOSE: CONTRIBUTION PROVIDED | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |