The Merancas Foundation Inc

Organization Overview

The Merancas Foundation Inc is located in Charlotte, NC. The organization was established in 1990. 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. Merancas Foundation Inc 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, Merancas Foundation Inc generated $364.7m in total revenue. All expenses for the organization totaled $14.8m during the year ending 12/2021. While expenses have increased by 12.4% per year over the past 7 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 2015, Merancas Foundation Inc has awarded 818 individual grants totaling $71,864,870. 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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $330,490,881
Interest on Savings $283
Dividends & Interest $169,486
Net Rental Income$0
Net Gain on Sale of Assets $34,007,148
Capital Gain Net Income $34,007,148
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $2,014
Total Revenue $364,669,812

Grants Awarded

Over the last fiscal year, The Merancas Foundation Inc has awarded $28,743,000 in support to 145 organizations.

Grant RecipientAmount

CENTRAL PIEDMONT COMMUNITY COLLEGE

Org PageRecipient Profile

Charlotte, NC

PURPOSE: STUDENT SCHOLARSHIPS AND SUPPORT FOR

$8,100,000

CENTRAL PIEDMONT COMMUNITY COLLEGE

Org PageRecipient Profile

Charlotte, NC

PURPOSE: SCHOLARSHIPS FOSTERING ECONOMIC INDE

$2,000,000

YWCA CENTRAL CAROLINAS

PURPOSE: AFFORDABLE HOUSING CAMPAIGN

$1,875,000

THE SALVATION ARMY

PURPOSE: FAMILY SHELTER PURCHASE - HOUSING

$1,000,000

HABITAT FOR HUMANITY OF THE CHARLOT

PURPOSE: PROGRAMS FOR AFFORDABLE HOUSING

$1,000,000

CHARMECK FAMILY JUSTICE CENTER INC

PURPOSE: ESTABLISHING DV SURVIVOR RESOURCE CE

$900,000
View Grant Profile

Peer Organizations

Organization NameAssets
Claws Foundation
Reston, VA
$1,734,426
Dogwood Health Trust
Asheville, NC
$630,200,598
Jack Kent Cooke Foundation
Lansdowne, VA
$42,942,790
O Wayne Rollins Foundation
Atlanta, GA
$21,609,282
Goizueta Foundation Inc
Atlanta, GA
$34,966,270
The Leon Levine Foundation
Charlotte, NC
$94,686,429
Maclellan Foundation Inc
Chattanooga, TN
$34,552,415
We Are Sharing Hope Sc
Charleston, SC
$34,221,211
The Frist Foundation
Nashville, TN
$36,312,656
Danville Regional Foundation
Danville, VA
$21,605,962
The Duke Energy Foundation
Charlotte, NC
$408,995
Smith Richardson Foundation Inc
Greensboro, NC
$88,589,213

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