Orville D & Ruth A Merillat Foundation
- Assets
- $52.1m
- Revenue
- $948.0k
- Investments
- $48.2m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 11/1983
- Data as of
- 02/2023
- EIN
- 38-2476813
Organization Overview
Orville D & Ruth A Merillat Foundation is located in Ann Arbor, MI. The organization was established in 1983. 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. Orville D & Ruth A Merillat 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 02/2023, Orville D & Ruth A Merillat Foundation generated $948.0k 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 (6.1%) each year. All expenses for the organization totaled $4.2m during the year ending 02/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Orville D & Ruth A Merillat Foundation has awarded 16 individual grants totaling $13,560,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard D Merillat President | 0.5 | $0 | |
Tricia Lm Mcguire Vice-President | 0.5 | $0 | |
George E Borel Treasurer, Secretary | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Trustmerrill Lynch | 2/28/24 | $112,869 |
Parametric | 2/28/24 | $60,407 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $1,078,492 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$169,058 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,553 |
| Total Revenue | $947,995 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $97,845 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,796 |
| Total operating and administrative expenses | $391,441 |
| Contributions, gifts, grants paid | $3,765,000 |
| Total expenses and disbursements | $4,156,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,878,412 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,940,175 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $52,112,635 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Orville D & Ruth A Merillat Foundation has awarded $5,420,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ADRIAN COLLEGE PURPOSE: OPERATIONS SUPPORT | $30,000 |
FATHER GABRIEL RICHARD CATHOLIC SCHOOL PURPOSE: OPERATIONS SUPPORT | $10,000 |
FOCUS ON THE FAMILY PURPOSE: OPERATIONS SUPPORT | $30,000 |
HUNTINGTON UNIVERSITY PURPOSE: OPERATIONS SUPPORT | $200,000 |
LENAWEE CHRISTIAN MINISTRIES PURPOSE: OPERATIONS SUPPORT | $5,150,000 |