Private Foundation

THE MERCANTILE BANK FOUNDATION

THE MERCANTILE BANK FOUNDATION, of GRAND RAPIDS, MI, is a Private Foundation tracked in Imperigo's IRS 990 database. The 2025 filing shows $1.3M in revenue, $346K in expenses, $8.4M in total assets. IRS filings disclose 361 grants awarded by this foundation, totaling roughly $1.1M.

EIN: 874152774 GRAND RAPIDS, MI Latest filing: 2025

Total Revenue$1.3M

Total Expenses$346K

Total Assets$8.4M

Grants Given361

Grant Total$1.1M

Filing Years2021–2025

Sample Grants Given

MEL TROTTER MINISTRIES

GRAND RAPIDS, MI · 2025

IMMEASURABLY MORE TINY HOME CAMPAIGN - GENERAL SUPPORT

$25,000

AMERICAN HEART ASSOCIATION

GRAND RAPIDS, MI · 2025

FUNDING FOR SMALL-SCALE.

$23,000

HABITAT FOR HUMANITY OF KENT COUNTY

GRAND RAPIDS, MI · 2025

IMAGINE CAMPAIGN - GENERAL SUPPORT

$20,500

BBB EDUCATIONAL FOUNDATION

GRAND RAPIDS, MI · 2025

2025 PROGRAM SPONSORSHIP

$10,000

CHERRY HEALTH FOUNDATION

GRAND RAPIDS, MI · 2025

HEALTH LEADER SPONSORSHIP

$10,000

Showing up to 5 of 361 total records — full history available with membership.

Officers & Directors

TREASURER Charles Christmas

DIRECTOR Doug Holtrop

DIRECTOR Janina Kreider

DIRECTOR Justin Karl

PRESIDENT Ray Reitsma

SECRETARY Scott Setlock

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL SUPPORT

$344,370 161 grants

IMMEASURABLY MORE CAPITAL CAMPAIGN; GENERAL SUPPORT

$100,000 2 grants

General Support

$68,500 3 grants

WINNING STREAK CAMPAIGN DUGOUT SPONSOR

$30,000 1 grant

FUNDING FOR SMALL-SCALE.

$25,500 2 grants

Financial Trends

Year	Revenue	Expenses	Assets
2025	$1.3M	$346K	$8.4M
2024	$1.9M	$176K	$7.4M
2023	$806K	$554K	$5.7M
2022	$1.6M	$134K	$5.5M
2021	$4.0M	$20K	$4.0M

Between 2021 and 2025, reported annual revenue declined from $4.0M to $1.3M (-67%), with total assets most recently reported at $8.4M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in DC, MD, MI, MN, NC, NE, and 3 other states.

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Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for THE MERCANTILE BANK FOUNDATION

Complete financials, all 361 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 498,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports