Skip to main content
Filing year 2024

THE MERCANTILE BANK FOUNDATION

Grand Rapids, Michigan·EIN 87-4152774·NTEE T21 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$1.9M
Total assets
$7.4M
Total expenses
$176k
Reported officers
8

Reported officers (all unpaid)

No paid executives reported in 2024. THE MERCANTILE BANK FOUNDATION reported 8 unpaid officers and board members on its 990-PF.

Treasurer
President
Secretary
Director
Director
Director (through May 2024)
Director
Director (as of May 2024)

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$142k

Itemized grants

51

Median grant

$1k

RecipientLocationPurposeAmount
MEL TROTTER MINISTRIESGRAND RAPIDS, MIIMMEASURABLY MORE CAPITAL CAMPAIGN; GENERAL SUPPORT$25k
HABITAT FOR HUMANITY OF KENT COUNTYGRAND RAPIDS, MICONSTRUCTION AND REPAIR OF HOMES$20k
GRAND RAPIDS COMMUNITY COLLEGE FOUNDATIONGRAND RAPIDS, MISUPPORT STUDENT SCHOLARSHIPS AND GRANTS$7k
BETHANY CHRISTIAN SERVICESGRAND RAPIDS, MIGENERAL SUPPORT$5k
BLANDFORD NATURE CENTERGRAND RAPIDS, MIGENERAL SUPPORT$5k
ELE'S PLACE CAPITAL REGIONLANSING, MISUPPORT GRIEVING CHILDREN, TEENS, YOUNG ADULTS AND THEIR FAMILIES$5k
GRAND RAPIDS CHRISTIAN SCHOOLSGRAND RAPIDS, MIFAITH-BASED EDUCATIONAL INSTITUTIONS$5k
HISPANIC CENTER OF WESTERN MICHIGANGRAND RAPIDS, MILATINX YOUTH CONFERENCE 2024; GENERAL SUPPORT$5k
JUNIOR LEAGUE OF GRAND RAPIDSGRAND RAPIDS, MIDEVELOPMENT AND PROMOTION OF LEADERSHIP$5k
NMC FOUNDATIONTRAVERSE CITY, MISUPPORT FINANCIAL EDUCATION AND THE ARTS IN THE COMMUNITY$5k
SAMARITASDETROIT, MIALLEN MANOR AHP PROJECT$5k
TURNING POINT INCGRAND RAPIDS, MIEMPOWER SERVIVORS OF DOMESTIC AND SEXUAL VIOLENCE$5k
STARLIGHT MINISTRIESHUDSONVILLE, MIGRIEF SUPPORT$4k
AMERICAN HEART ASSOCIATIONGRAND RAPIDS, MIFUNDING FOR SMALL-SCALE.$3k
GRAND RAPIDS CIVIC THEATREGRAND RAPIDS, MIGENERAL SUPPORT$3k
IRVING S GILMORE INTERNATIONAL PIANO FESTIVALKALAMAZOO, MIGENERAL SUPPORT$3k
SAFECENTEROWOSSO, MISURVIVORS OF DOMESTIC VIOLENCE$3k
SAGINAW FUTURESAGINAW, MIECONOMIC DEVELOPMENT AND GROWTH$3k
BEYOND26GRANDVILLE, MITOHELP ADULTS WITH DISABILITIES FIND EMPLOYMENT$2k
FISHING WITH VETERANSHOLLAND, MISUPPORT FISHING ACTIVITES$2k
GRAND RAPIDS SYMPHONYGRAND RAPIDS, MIGENERAL SUPPORT$2k
GRYPHON PLACEPORTAGE, MISUICIDE PREVENTION$2k
SPARROW FOUNDATIONLANSING, MIEVERY STORY CAPITAL CAMPAIGN$2k
AFFINITY MENTORINGGRAND RAPIDS, MITO FACILITATE EQUITABLE GROWTH IN ACADEMICS, SOCIAL AND EMOTIONAL SKILLS, AND SELF-ESTEEM$2k
UNITED WAY OF GRATIOT & ISABELLA COUNTIESMT PLEASANT, MIADOPT A FAMILY SPONSOR 2024; GENERAL SUPPORT$2k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

THE MERCANTILE BANK FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$806k
$554k
2023
$1.9M
$176k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Michigan

THE MERCANTILE BANK FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Michigan earns a median of $25,000.

25th percentile
$7k
Median
$25,000
75th percentile
$65k
90th percentile
$147k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 732 organizations across 732 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Michigan
FAQ

Common questions about THE MERCANTILE BANK FOUNDATION

What are THE MERCANTILE BANK FOUNDATION's revenue and expenses?

In 2024, THE MERCANTILE BANK FOUNDATION reported $1.9M in total revenue and $176k in total expenses on its IRS Form 990.

Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.