Merck Family Fund
- Assets
- $60.4m
- Revenue
- $5.7m
- Investments
- $56.9m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 02/1958
- Data as of
- 12/2022
- EIN
- 22-6063382
Organization Overview
Merck Family Fund is located in Boston, MA. The organization was established in 1958. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 Family Fund 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 12/2022, Merck Family Fund generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 48.4% each year . All expenses for the organization totaled $4.3m during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Merck Family Fund has awarded 566 individual grants totaling $19,579,780. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
AWARD CHARITABLE GRANTS THAT BENEFIT THE NATURAL ENVIRONMENT AND SOCIALLY/ECONOMICALLY DISADVANTAGED PERSONS. 85 GRANTS WERE PAID IN 2014.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eliza Hatch Trustee, President | 1 | $0 | |
George Whitridge Trustee, Vice President | 1 | $0 | |
Wilhelm Merck Jr Trustee, Secretary | 1 | $0 | |
Nathaniel Chamberlin Trustee | 1 | $0 | |
Olivia Farr Trustee | 1 | $0 | |
Ian Hatch Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Analysis Group | 12/30/22 | $150,000 |
Fortigent | 12/30/22 | $111,638 |
Pathstone | 12/30/22 | $85,000 |
Ruth Goldman | 12/30/22 | $79,832 |
Isaacson Miller Inc | 12/30/22 | $70,066 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,070,659 |
| Interest on Savings | $27,590 |
| Dividends & Interest | $712,376 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,920,898 |
| Capital Gain Net Income | $1,625,287 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,722 |
| Total Revenue | $5,734,245 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $379,482 |
| Other employee salaries and wages | $38,017 |
| Pension plans, employee benefits | $138,886 |
| Interest | $0 |
| Taxes | $39,840 |
| Depreciation | $0 |
| Occupancy | $46,496 |
| Travel, conferences, and meetings | $27,168 |
| Printing and publications | $0 |
| Other expenses | $30,937 |
| Total operating and administrative expenses | $1,321,267 |
| Contributions, gifts, grants paid | $2,995,165 |
| Total expenses and disbursements | $4,316,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,776 |
| Savings and temporary cash investments | $3,194,693 |
| Net Accounts receivable | $0 |
| 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 | $126,798 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $28,664,497 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $62,329 |
| Total assets | $60,421,201 |
| Accounts payable and accrued expenses | $33,461 |
| Grants payable | $535,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $261,200 |
| Total liabilities | $829,661 |
Grants Awarded
Over the last fiscal year, Merck Family Fund has awarded $3,992,165 in support to 108 organizations.
| Grant Recipient | Amount |
|---|---|
JOHN BARTRAM ASSOCIATION PURPOSE: YOUTH-LED AGRICULTURE AND LOCAL FOOD SOVEREIGNTY AT THE SANKOFA COMMUNITY FARM AT BARTRAM'S GARDEN | $30,000 |
LAND TRUST ALLIANCE PURPOSE: ADDRESSING CLIMATE CHANGE THROUGH LAND CONSERVATION | $35,000 |
MA FOOD SYSTEM COLLABORATIVE PURPOSE: GENERAL SUPPORT. | $45,000 |
MAJORITY ACTION PURPOSE: ENABLING POWERFUL SHAREHOLDER ACTION FOR DEEP DECARBONIZATION | $50,000 |
MOVELA PURPOSE: BUILDING TRANSIT PROJECTS BETTER AT LOS ANGELES COUNT METROPOLITAN TRANSPORTATION AUTHORITY | $50,000 |
MAKE THE ROAD PA PURPOSE: REDISTRICTING | $50,000 |