Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
The Merchants Fund of Philadelphia
 
Number and street (or P.O. box number if mail is not delivered to street address)1617 John F Kennedy Blvd No 204
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Philadelphia, PA191031833
A Employer identification number

23-1584975
B Telephone number (see instructions)

(215) 399-1339
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$16,703,121J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 358,421
2 Check bullet.............
3 Interest on savings and temporary cash investments 872 872 0
4 Dividends and interest from securities... 48,256 48,256 0
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 142,253
b Gross sales price for all assets on line 6a 7,772,154
7 Capital gain net income (from Part IV, line 2)... 142,253
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,363,189 0 1,363,189
12 Total. Add lines 1 through 11........ 1,912,991 191,381 1,363,189
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 147,500 0 0 147,500
14 Other employee salaries and wages...... 44,655 0 0 44,655
15 Pension plans, employee benefits....... 18,656 0 0 18,656
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 10,393 0 0 10,393
c Other professional fees (attach schedule).... Click to see attachment 16,362 0 0 16,362
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 16,692 0 0 16,692
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 14,023 0 0 14,023
21 Travel, conferences, and meetings....... 1,666 0 0 1,666
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 26,433 0 0 26,433
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 296,380 0 0 296,380
25 Contributions, gifts, grants paid....... 2,022,633 2,002,633
26 Total expenses and disbursements. Add lines 24 and 25 2,319,013 0 0 2,299,013
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -406,022
b Net investment income (if negative, enter -0-) 191,381
c Adjusted net income (if negative, enter -0-)... 1,363,189
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 305,189 321,569 321,569
2 Savings and temporary cash investments......... 54,426 44,480 44,480
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 4,461 7,031 7,031
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 15,803,317 Click to see attachment16,328,545 16,328,545
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,496 Click to see attachment1,496 Click to see attachment1,496
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,168,889 16,703,121 16,703,121
Liabilities 17 Accounts payable and accrued expenses.......... 931 19,078
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......   25,300
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 931 44,378
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 8,902,895 7,416,766
25 Net assets with donor restrictions............ 7,265,063 9,241,977
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 16,167,958 16,658,743
30 Total liabilities and net assets/fund balances (see instructions). 16,168,889 16,703,121
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
16,167,958
2
Enter amount from Part I, line 27a .....................
2
-406,022
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
896,807
4
Add lines 1, 2, and 3 ..........................
4
16,658,743
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
16,658,743
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a TIFF Mutual Fund P 2014-07-01 2020-06-30
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 7,772,154   7,629,901 142,253
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       142,253
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 142,253
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 0
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 2,660
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,660
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,660
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 30,227
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 30,227
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 27,567
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet10,000 RefundedBullet 11 17,567
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.merchantsfund.org
    14
    The books are in care ofbulletThe Foundation Telephone no.bullet (215) 399-1339

    Located atbullet1617 John F Kennedy Blvd No 2042PhiladelphiaPA ZIP+4bullet191031833
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
    Yes
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Jill C Fink Executive Director
    40.00     		147,500 13,683 0
    1617 John F Kennedy Blvd
    Philadelphia,PA19103
    Kersy Azocar Director
    1.00     		0 0 0
    1617 John F Kennedy Blvd
    Philadelphia,PA19103
    Michael Banks Director
    1.00     		0 0 0
    1617 John F Kennedy Blvd
    Philadelphia,PA19103
    Peter Gonzales Director
    1.00     		0 0 0
    1617 John F Kennedy Blvd
    Philadelphia,PA19103
    Bruce Hotaling Director
    1.00     		0 0 0
    1617 John F Kennedy Blvd
    Philadelphia,PA19103
    James Johnson-Piett Director
    1.00     		0 0 0
    1617 John F Kennedy Blvd
    Philadelphia,PA19103
    Melissa Kim Director
    1.00     		0 0 0
    1617 John F Kennedy Blvd
    Philadelphia,PA19103
    Steven King Sr Director
    1.00     		0 0 0
    1617 John F Kennedy Blvd
    Philadelphia,PA19103
    Yocasta Lora Director
    1.00     		0 0 0
    1617 John F Kennedy Blvd
    Philadelphia,PA19103
    Shawn Nesbit Director
    1.00     		0 0 0
    1617 John F Kennedy Blvd
    Philadelphia,PA19103
    Shalimar Thomas Director
    1.00     		0 0 0
    1617 John F Kennedy Blvd
    Philadelphia,PA19103
    Andrew Toy Director
    1.00     		0 0 0
    1617 John F Kennedy Blvd
    Philadelphia,PA19103
    Ana Lisa Yoder Director
    1.00     		0 0 0
    1617 John F Kennedy Blvd
    Philadelphia,PA19103
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    14,595,343
    b
    Average of monthly cash balances.......................
    1b
    869,391
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    15,464,734
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    15,464,734
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    231,971
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,232,763
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    761,638
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    761,638
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,660
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,660
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    758,978
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    758,978
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    758,978
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,299,013
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,299,013
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,299,013
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 758,978
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 268,621
    b From 2016...... 242,378
    c From 2017...... 371,463
    d From 2018...... 246,062
    e From 2019...... 256,481
    fTotal of lines 3a through e........ 1,385,005
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,299,013
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 758,978
    e Remaining amount distributed out of corpus 1,540,035
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,925,040
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		268,621
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		2,656,419
    10 Analysis of line 9:
    a Excess from 2016.... 242,378
    b Excess from 2017.... 371,463
    c Excess from 2018.... 246,062
    d Excess from 2019.... 256,481
    e Excess from 2020.... 1,540,035
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Jill Fink
    1617 John F Kennedy Blvd
    Philadelphia,PA19103
    (215) 399-1339
    info@merchantsfund.org
    bThe form in which applications should be submitted and information and materials they should include:
    Written application, business tax returns for the last 3 years and state/city licenses.
    cAny submission deadlines:
    Grants applications are due by June 30
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Applicant must be business located in Philadelphia. Grants are made up to $20,000.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Indigent aged recipients (list held by Fund)
    1617 John F Kennedy Blvd
    Philadelphia,PA19103     		    Financial assistance 54,885
    1617 Barbershop and Beauty Salon
    1617 Cecil b Moore Ave
    Philadelphia,PA19121     		    Covid-19 Grant 3,000
    2nd Threadz
    205 S 52nd Street
    Philadelphia,PA19139     		    Covid-19 Grant 5,000
    Adja International Boutique
    4516 Baltimore Ave
    Philadelphia,PA19143     		    Covid-19 Grant 5,000
    African Grocery Market
    6526 Woodland Avenue
    Philadelphia,PA19142     		    Covid-19 Grant 5,000
    AN JS Jewelers
    4029 Lancaster Avenue
    Philadelphia,PA19104     		    Covid-19 Grant 5,000
    Angie's Auto Tags Inc
    153 W Wyoming Ave
    Philadelphia,PA19140     		    Covid-19 Grant 5,000
    Babe's Professional Hair Design
    3117 N Broad Street
    Philadelphia,PA19132     		    Covid-19 Grant 2,500
    BARKLEYS BBQ
    2017 N 29th Street
    Philadelphia,PA19121     		    Covid-19 Grant 5,000
    Beyond the Seams
    828 North Broad Street
    Philadelphia,PA19130     		    Covid-19 Grant 5,000
    Butter Soul Food
    2730 Girard Ave
    Philadelphia,PA19130     		    Covid-19 Grant 5,000
    C&M Hair Plus
    3159 Kensington Avenue
    Philadelphia,PA19134     		    Covid-19 Grant 5,000
    Chans Fruit Cart
    3642 N Broad Street
    Philadelphia,PA19140     		    Covid-19 Grant 5,000
    Charlie's Country Ribs Inc
    2528 W Diamond Street
    Philadelphia,PA19121     		    Covid-19 Grant 5,000
    Cherry Cafe LLC
    1601 Cherry Street Ste 120
    Philadelphia,PA19102     		    Covid-19 Grant 5,000
    Cilantro New Mediterranean Cusine
    613 S 4th Street
    Philadelphia,PA19147     		    Covid-19 Grant 5,000
    Coffee Cream & Dreams
    1500 Fairmount Avenue
    Philadelphia,PA19130     		    Covid-19 Grant 5,000
    Curve Conscious
    2719 W Girard Ave
    Philadelphia,PA19130     		    Covid-19 Grant 5,000
    DIA Boutique
    931 Race Street 1 FL
    Philadelphia,PA19107     		    Covid-19 Grant 5,000
    Divine Creations Unisex Salon
    509 S 52nd St
    Philadelphia,PA19143     		    Covid-19 Grant 4,000
    DONNY MONTANO INSURANCE iNC
    4282 FRANKFORD AVE
    Philadelphia,PA19124     		    Covid-19 Grant 2,500
    East South Asian Cuisine
    647 W Ritner St Flr 1
    Philadelphia,PA19148     		    Covid-19 Grant 5,000
    EK Multiservice Inc
    2740 N Front St
    Philadelphia,PA19133     		    Covid-19 Grant 5,000
    El Sabor de Maria & Catering LLC
    5132 N 5th Street
    Philadelphia,PA19124     		    Covid-19 Grant 5,000
    Empanadas & Mas
    4649 5th Street
    Philadelphia,PA19140     		    Covid-19 Grant 5,000
    Executive African Food and Fashion Center
    6531 Woodland Ave
    Philadelphia,PA19142     		    Covid-19 Grant 5,000
    Fern Rock Hardware
    5957 North 5th Street
    Philadelphia,PA19120     		    Covid-19 Grant 5,000
    Flaming Basil
    1556 S Lambert St
    Philadelphia,PA19146     		    Covid-19 Grant 5,000
    Flip Out Productions
    2757 Frankford Ave
    Philadelphia,PA19134     		    Covid-19 Grant 5,000
    Four Seasons Coffee and Donuts Shop
    6643 Woodland Ave
    Philadelphia,PA19142     		    Covid-19 Grant 5,000
    FunTimes Magazine
    1226 N 52nd Street
    Philadelphia,PA19131     		    Covid-19 Grant 5,000
    G town Sports Inc
    5620 Germantown Ave
    Philadelphia,PA19144     		    Covid-19 Grant 5,000
    Hakim's Bookstore
    210 S 52nd St
    Philadelphia,PA19139     		    Covid-19 Grant 5,000
    Harrietts Bookshop
    258 E Girard Ave
    Philadelphia,PA19125     		    Covid-19 Grant 5,000
    Herb Emporium
    145 N 9th St
    Philadelphia,PA19107     		    Covid-19 Grant 5,000
    Industrial Food Truck
    5200 Grays Ave
    Philadelphia,PA19143     		    Covid-19 Grant 5,000
    Jalabee DaySpa
    7565 Haverford Ave
    Philadelphia,PA19151     		    Covid-19 Grant 5,000
    Kensington Mini Market
    2560 Kensington Ave
    Philadelphia,PA19125     		    Covid-19 Grant 5,000
    La Mixtequita Poblana
    4th and Allegheny Ave
    Philadelphia,PA19140     		    Covid-19 Grant 5,000
    La Saveur
    800 South 9th Street
    Philadelphia,PA19147     		    Covid-19 Grant 5,000
    La'vanter Boutique
    1334 W Venango Street
    Philadelphia,PA19140     		    Covid-19 Grant 5,000
    Las tres Rancheritas
    3956 N 5th St
    Philadelphia,PA19140     		    Covid-19 Grant 5,000
    Le Baobab
    5353 Woodland Avenue
    Philadelphia,PA19143     		    Covid-19 Grant 5,000
    M Concept
    1540 South St
    Philadelphia,PA19146     		    Covid-19 Grant 10,000
    M&L Minimarket LLC
    3101 Emerald Street
    Philadelphia,PA19134     		    Covid-19 Grant 5,000
    Maria's Restaurant inc
    4058 N 5th St
    Philadelphia,PA19140     		    Covid-19 Grant 5,000
    McCoy's Auto Service Center
    2323 Ridge Avenue
    Philadelphia,PA19121     		    Covid-19 Grant 5,000
    Meadowlane BBQ
    3642 N Broad Street
    Philadelphia,PA19140     		    Covid-19 Grant 5,000
    Nafisa's Kitchen
    5629 Chester Avenue
    Philadelphia,PA19143     		    Covid-19 Grant 5,000
    Newton Holdings LLC
    6711 Germantown Ave Box 25294
    Philadelphia,PA19119     		    Covid-19 Grant 10,000
    Nuevo Estilo
    4201 North 6th Street
    Philadelphia,PA19120     		    Covid-19 Grant 2,500
    NV MY EYEWEAR
    137 S 52nd Street
    Philadelphia,PA19139     		    Covid-19 Grant 5,000
    Peony Garden LLC
    5201 N 5th Street
    Philadelphia,PA19120     		    Covid-19 Grant 5,000
    Pound Cake Heaven
    712 Church Lane
    Philadelphia,PA19050     		    Covid-19 Grant 2,500
    Ray's Cafe and Tea House Inc
    141 N 9th 1st Floor
    Philadelphia,PA19107     		    Covid-19 Grant 5,000
    Rich Kim
    2700 Germantown Ave
    Philadelphia,PA19133     		    Covid-19 Grant 5,000
    Rock N Flavors LLC
    1727 N Peach Street
    Philadelphia,PA19131     		    Covid-19 Grant 5,000
    Rolovinyl llc
    3541 Germantown Ave
    Philadelphia,PA19140     		    Covid-19 Grant 5,000
    Saigon Maxim Restaurant
    612 Washington Ave Unit 3B
    Philadelphia,PA19147     		    Covid-19 Grant 5,000
    Sita T African Grocery Store
    6621 Woodland Ave
    Philadelphia,PA19142     		    Covid-19 Grant 5,000
    SNS Electronics and discount inc
    203 S 52nd St
    Philadelphia,PA19139     		    Covid-19 Grant 5,000
    Snyder Deli Grocery Corp
    2039 S 7th Street
    Philadelphia,PA19148     		    Covid-19 Grant 5,000
    Struttin Lighty
    39 N 52nd St
    Philadelphia,PA19139     		    Covid-19 Grant 5,000
    Sun & Jung Inc
    6118 Landsdowne Ave
    Philadelphia,PA19151     		    Covid-19 Grant 5,000
    TALHAYA VARIETY DISCOUNT STORE
    6222 WOODLAND AVE
    Philadelphia,PA19142     		    Covid-19 Grant 5,000
    Top Beauty Supply Inc
    3640 Germantown Avenue
    Philadelphia,PA19140     		    Covid-19 Grant 5,000
    West Phillie Produce
    18 S 62nd Street
    Philadelphia,PA19139     		    Covid-19 Grant 5,000
    2S Moving and Transportation
    217 WColonial Street
    Philadelphia,PA19126     		    Restore and Reopen Grant 10,000
    52nd Street Vendor
    120 S 52nd street vendor
    Philadelphia,PA19139     		    Restore and Reopen Grant 9,072
    52nd Street Vendor - Amadou Wane
    124 S 52nd St street vendor
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    52nd Street Vendor - Mohammed Ferdous
    101 S 52nd Street street vendor
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    7Eleven # 36493
    917 Filbert St
    Philadelphia,PA19107     		    Restore and Reopen Grant 2,000
    9th & Girard Pharmacy
    901 W Girard Avenue 105
    Philadelphia,PA19123     		    Restore and Reopen Grant 10,000
    AOK Hair company llc
    5054 N 5th St
    Philadelphia,PA19120     		    Restore and Reopen Grant 10,000
    ABW Philly Inc
    5694 Rising Sun Ave
    Philadelphia,PA19120     		    Restore and Reopen Grant 10,000
    Ace Discount
    2131-37 W Diamond St
    Philadelphia,PA19121     		    Restore and Reopen Grant 10,000
    ACES LED Lights INC
    5300 N 5th St
    Philadelphia,PA19120     		    Restore and Reopen Grant 10,000
    Allegheny Donuts Inc (Dunkin Donut)
    2145 W Allegheny Ave
    Philadelphia,PA19132     		    Restore and Reopen Grant 8,154
    Alpha Wireless Inc
    4044 Lancaster Ave
    Philadelphia,PA19104     		    Restore and Reopen Grant 10,000
    AN JS Jewelers
    4029 Lancaster Avenue
    Philadelphia,PA19104     		    Restore and Reopen Grant 10,000
    B & A Pharmacy
    3138 N BROAD ST FL 1
    Philadelphia,PA19132     		    Restore and Reopen Grant 10,000
    B & K BOSUNG INC
    4919 N BROAD ST
    Philadelphia,PA19141     		    Restore and Reopen Grant 10,000
    Bart's Bagels
    3945 Lancaster Ave
    Philadelphia,PA19104     		    Restore and Reopen Grant 1,200
    Beauty Essence
    4055-57 Lancaster Avenue
    Philadelphia,PA19104     		    Restore and Reopen Grant 10,000
    Beer Stop
    5740 Baltimore Ave
    Philadelphia,PA19143     		    Restore and Reopen Grant 10,000
    Big Man Trading Inc
    5010 N Mascher St
    Philadelphia,PA19120     		    Restore and Reopen Grant 10,000
    Boost Mobile
    2801 Kensington Ave
    Philadelphia,PA19134     		    Restore and Reopen Grant 10,000
    BOOST MOBILE
    3605 GERMANTOWN AVE
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    Brewerytown Rx Inc
    2621 W Girard Avenue
    Philadelphia,PA19130     		    Restore and Reopen Grant 10,000
    Broad and Grange Pharmacy
    5751 N Broad St
    Philadelphia,PA19141     		    Restore and Reopen Grant 10,000
    Brothers Shoes Inc
    3619 Germantown Ave
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    BSC INC
    5147 BALTIMORE AVE
    Philadelphia,PA19143     		    Restore and Reopen Grant 8,154
    Cell Phone Video Games and Computer Repair Shop Inc
    4060 Lancaster Ave
    Philadelphia,PA19104     		    Restore and Reopen Grant 10,000
    CHESTER WIRELESS & ELECTRONICS
    5519 Chester Ave
    Philadelphia,PA19143     		    Restore and Reopen Grant 10,000
    Children Space Learning Academy
    5665 Springfield Ave
    Philadelphia,PA19143     		    Restore and Reopen Grant 10,000
    CK Wigs
    2618 Germantown Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    Clarks Tires
    6428 N Beechwood St
    Philadelphia,PA19138     		    Restore and Reopen Grant 10,000
    Crazy Wave
    4229 N Broad St
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    De Leon Dollar Outlet INC
    3220-22 N Front St
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    DeShields Enterprises LLC dba What A Crock Meals
    51 N 12th St
    Philadelphia,PA19107     		    Restore and Reopen Grant 4,400
    Digital One Wireless Inc
    3613 Germatown Ave
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    Discount Plus Variety and Electronics
    5135 Chestnut Street
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    DOLLAR PLUS VARIETY USA INC
    2800 West Dauphin Street
    Philadelphia,PA19132     		    Restore and Reopen Grant 10,000
    Double Connect LLC
    5130 Market Street
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    Double Start Mini Market Inc
    2562 Germantown Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    E Game Zone Inc
    6145 Woodland Ave
    Philadelphia,PA19142     		    Restore and Reopen Grant 10,000
    Edge Boutique
    2334 E Allegheny Ave
    Philadelphia,PA19134     		    Restore and Reopen Grant 10,000
    EJ Philly Inc
    3211 N Front St
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    EK Hair Buzz
    4640 E Roosevelt Blvd 2
    Philadelphia,PA19124     		    Restore and Reopen Grant 10,000
    ERV Group LLC
    2644 Germantown Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    Ez Bargain
    6030 Woodland Ave
    Philadelphia,PA19142     		    Restore and Reopen Grant 10,000
    Ez Beauty
    32 S 60th St
    Philadelphia,PA19139     		    Restore and Reopen Grant 15,000
    Family Bargain
    118-120 S 52nd Street
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    Fancy Face LLC
    3528 I Street
    Philadelphia,PA19134     		    Restore and Reopen Grant 10,000
    Furniture
    3019-21 Kensington Avenue
    Philadelphia,PA19134     		    Restore and Reopen Grant 10,000
    G Town Sports Inc
    5620 Germantown Ave
    Philadelphia,PA19144     		    Restore and Reopen Grant 10,000
    Germantown Electronics
    2646 Germantown Avenue
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    Gold and Diamonds Factory
    549 Adams Ave
    Philadelphia,PA19120     		    Restore and Reopen Grant 10,000
    Gold Fish Chinese Restaurant
    2022 W Hunting Park Ave
    Philadelphia,PA19140     		    Restore and Reopen Grant 1,631
    Golden City
    4132 N Broad Street
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    Golden Eagle Jewelers
    3543 Germantown Avenue
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    Golden Health Services
    2100 Scattergood Street
    Philadelphia,PA19124     		    Restore and Reopen Grant 2,500
    GOLDEN JEWELRY & FASHION LLC
    8 South 60th Street
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    Hair Buzz
    1575 N 52nd St 300
    Philadelphia,PA19131     		    Restore and Reopen Grant 10,000
    Hair Connection
    2937 N 22 St
    Philadelphia,PA19132     		    Restore and Reopen Grant 8,500
    HAIR OUTLET WILD & CRAZY INC
    6122 WOODLAND AVE
    Philadelphia,PA19142     		    Restore and Reopen Grant 10,000
    Han's Dollar Plus LLC dba High Five Beauty
    2508 W Lehigh Avenue
    Philadelphia,PA19132     		    Restore and Reopen Grant 10,000
    Harun Rashid Vendarysales
    142 S 52nd Street
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    Haverford Pharmacy
    5601 Vine Street Unit C-2
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    High Street Learning Center
    1508 KINSDALE STREET
    Philadelphia,PA19126     		    Restore and Reopen Grant 5,000
    Hillrise Pharmacy
    4240 N Broad St Unit B
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    TALHAYA VARIETY DISCOUNT STORE
    5642 Lansdowne Ave
    Philadelphia,PA19131     		    Restore and Reopen Grant 2,500
    HOME GALLERY
    2917 N Broad St
    Philadelphia,PA19132     		    Restore and Reopen Grant 10,000
    J & S INC
    5529 Chester Avenue
    Philadelphia,PA19143     		    Restore and Reopen Grant 10,000
    Jallal Inc
    101 S 52nd St
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    Jap Total Wireless
    6200 Woodland Ave store front
    Philadelphia,PA19142     		    Restore and Reopen Grant 10,000
    Jerrys II LLC
    2637 Germantown Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    Joan Accessories
    52nd Chestnut St
    Philadelphia,PA19139     		    Restore and Reopen Grant 2,600
    Joe's Hardware
    3223 N Front St
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    JSI Wireless & Varieties Inc
    4038 LANCASTER AVE
    Philadelphia,PA19104     		    Restore and Reopen Grant 10,000
    Kai
    12 S 10th St
    Philadelphia,PA19107     		    Restore and Reopen Grant 700
    Kaptivating Kidz Talent Development Academy
    2934 N 22nd St
    Philadelphia,PA19132     		    Restore and Reopen Grant 4,000
    KIFs Bar and Lounge
    6142 Market St
    Philadelphia,PA19139     		    Restore and Reopen Grant 4,350
    KIM JOSEPH H (WILD & CRAZY)
    4326 N BROAD ST
    Philadelphia,PA19140     		    Restore and Reopen Grant 8,154
    KIM'S FOOD MARKET & DELI
    5559 Greenway Ave
    Philadelphia,PA19143     		    Restore and Reopen Grant 10,000
    Kings Beauty Inc
    2952 N 22nd St
    Philadelphia,PA19132     		    Restore and Reopen Grant 10,000
    Kings ManWoman
    140 S 52nd St
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    Koko Variety and Discount Inc
    26 S 52nd Street
    Philadelphia,PA19139     		    Restore and Reopen Grant 15,000
    L Royal Gold
    6107 Woodland Ave
    Philadelphia,PA19142     		    Restore and Reopen Grant 10,000
    La Fortaleza Physical Therapy Centers
    133 W Hunting Park Ave
    Philadelphia,PA19140     		    Restore and Reopen Grant 2,500
    La'vanter Boutique
    1334 W Venango Street
    Philadelphia,PA19140     		    Restore and Reopen Grant 5,000
    LAM'S BALTIMORE INC
    5756 BALTIMORE AVE
    Philadelphia,PA19143     		    Restore and Reopen Grant 10,000
    Lamboy Inc
    2844-48 N 5th Street
    Philadelphia,PA19133     		    Restore and Reopen Grant 1,700
    Lancaster Citgo
    4626 Lancaster Ave
    Philadelphia,PA19131     		    Restore and Reopen Grant 10,000
    Learning Garden Academy
    138 South 52nd Street
    Philadelphia,PA19131     		    Restore and Reopen Grant 4,500
    Lehigh Hair Inc
    212 W Lehigh Ave
    Philadelphia,PA19132     		    Restore and Reopen Grant 10,000
    Lene's Daily Child Care Inc
    28-30 N 52nd St
    Philadelphia,PA19139     		    Restore and Reopen Grant 2,500
    Leo's Apparel for Men & Boys
    2705 Germantown Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 1,000
    Living Color
    2337 N Front St
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    LN Pharmacy
    5929 Lansdowne Avenue
    Philadelphia,PA19151     		    Restore and Reopen Grant 10,000
    Lord Favor
    2803 Kensington Avenue
    Philadelphia,PA19134     		    Restore and Reopen Grant 8,000
    Lorraine's Upscale On Sale
    2829 N 22nd St
    Philadelphia,PA19132     		    Restore and Reopen Grant 6,000
    Lowill's Jewelers
    5719 Germantown Ave
    Philadelphia,PA19144     		    Restore and Reopen Grant 10,000
    Luxegroom
    5054 N 5th St
    Philadelphia,PA19120     		    Restore and Reopen Grant 10,000
    Mabel Marie fashion
    4235 Ridge Ave
    Philadelphia,PA19129     		    Restore and Reopen Grant 10,000
    Main Garden
    5150 N 5TH ST
    Philadelphia,PA19120     		    Restore and Reopen Grant 4,000
    Master Wireless - GW Inc
    2701 Germantown Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    Master Wireless - Woodland Inc
    6149 Woodland Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    Master Wireless-Broad Inc
    4240 N Broad St
    Philadelphia,PA19140     		    Restore and Reopen Grant 8,154
    Master Wireless-Lancaster Inc
    4072 Lancaster Ave
    Philadelphia,PA19104     		    Restore and Reopen Grant 10,000
    Maty Hair Braiding Shop
    5537 North 5th Street
    Philadelphia,PA19120     		    Restore and Reopen Grant 2,000
    MEEKTREATS
    1633 Orthodox Street
    Philadelphia,PA19124     		    Restore and Reopen Grant 525
    MG Multiservice
    540 North 52nd Street
    Philadelphia,PA19131     		    Restore and Reopen Grant 10,000
    MMR Group Inc
    2602 W Lehigh Avenue
    Philadelphia,PA19132     		    Restore and Reopen Grant 10,000
    MN Fashion and jewelry inc
    45 S 52nd St
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    Mobile Connect
    33 S 60th St
    Philadelphia,PA19139     		    Restore and Reopen Grant 15,000
    Mobile Connect II
    10 S 52nd Street
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    Models ink hair studio
    915 Tyson Ave
    Philadelphia,PA19111     		    Restore and Reopen Grant 2,300
    MOMMY JEWELRY AND PERFUMES INC
    4089 Lancaster Ave
    Philadelphia,PA19104     		    Restore and Reopen Grant 10,000
    MOMMY JEWELRY AND PERFUMES INC
    113 West Chelten Ave
    Philadelphia,PA19144     		    Restore and Reopen Grant 10,000
    Mozy Clothing
    4441-49 Frankford Ave
    Philadelphia,PA19124     		    Restore and Reopen Grant 10,000
    NEW CENTURY I CHINESE RESTAURANT
    2550 GERMANTOWN AVE
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    New Far East Palace
    1800 West Ruscomb St
    Philadelphia,PA19141     		    Restore and Reopen Grant 10,000
    New Kingdom Sports
    2877 Kensington Avenue
    Philadelphia,PA19134     		    Restore and Reopen Grant 10,000
    NP Estates LLC
    5701 Chestnut Street
    Philadelphia,PA19139     		    Restore and Reopen Grant 6,645
    NZ Deli Inc
    8 S 52nd Street
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    Ok Hair LLC
    1322-24 W Girard Ave
    Philadelphia,PA19123     		    Restore and Reopen Grant 10,000
    Old Nelson II
    35 S 13th St
    Philadelphia,PA19121     		    Restore and Reopen Grant 10,000
    Om Ganasenaya Namah LLc (Dunkin Donut)
    1829 E Allegheny Ave
    Philadelphia,PA19134     		    Restore and Reopen Grant 10,000
    Om Ganatatre Namah LLC (Dunkin Donut)
    532 W Lehigh Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    Om Ganesvaraya Namah LLC (Dunkin Donut)
    221 W Hunting Park Ave
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    One Plus Seven Variety Store
    2601 Germantown Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    One Stop Wireless & Goods
    11th South 60th Street
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    Oriental Kitchen
    919 N 18th St
    Philadelphia,PA19130     		    Restore and Reopen Grant 7,000
    Oxford Pharmacy
    3254 N Front St
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    Paradise Gallery LLC
    43 S 52nd Street
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    Parks Mens Wear
    2635 Germantown Avenue
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    Patriot Pharmacy
    2951 N 22nd Street
    Philadelphia,PA19132     		    Restore and Reopen Grant 10,000
    Peking Chinese Restaurant
    3409 Goodman Street
    Philadelphia,PA19140     		    Restore and Reopen Grant 7,000
    Phila Jewelry
    2638 Germantown Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    PNP Gas Station
    101 East Hunting Park Ave
    Philadelphia,PA19124     		    Restore and Reopen Grant 10,000
    PR Hair Buzz
    2900 Island Ave 3000 EH
    Philadelphia,PA19153     		    Restore and Reopen Grant 10,000
    Premium Denim Corp
    3611 Germantown Ave
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    Progressive Ventures Inc
    1231 N Broad Street
    Philadelphia,PA19122     		    Restore and Reopen Grant 10,000
    Q&S Discount
    130 S 52nd St
    Philadelphia,PA19139     		    Restore and Reopen Grant 15,000
    Rainbow Electronics & Jewelry
    2861 N 22nd Street
    Philadelphia,PA19132     		    Restore and Reopen Grant 10,000
    RC Bargain Inc
    5230 Market Street
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    Real Deal Express Inc
    3028 Kensington Ave
    Philadelphia,PA19134     		    Restore and Reopen Grant 10,000
    Reeky's Kitchen Magician Catering LLC
    6517 Elmwood Avenue
    Philadelphia,PA191421904     		    Restore and Reopen Grant 2,000
    Rich Kim
    2700 Germantown Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    Ridge Delight
    2062 Ridge Ave
    Philadelphia,PA19121     		    Restore and Reopen Grant 2,000
    Rippin It Salon
    7131 N 20th Street
    Philadelphia,PA19138     		    Restore and Reopen Grant 2,500
    RJ Corporation dba RJ Distributing
    241 West Wyoming Ave
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    RPH Group Inc
    2337 Ridge Avenue
    Philadelphia,PA19121     		    Restore and Reopen Grant 10,000
    Rr
    3680 Frankford Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 6,000
    RXB Group Inc
    2118 West Diamond Street
    Philadelphia,PA19121     		    Restore and Reopen Grant 10,000
    RXN Corporation
    4127 Lancaster Avenue
    Philadelphia,PA19104     		    Restore and Reopen Grant 10,000
    Saige Boutique
    5813 N BROAD STREET
    Philadelphia,PA19141     		    Restore and Reopen Grant 2,500
    Sams One Stop Shop LLC
    324 S 52nd Street
    Philadelphia,PA19143     		    Restore and Reopen Grant 10,000
    Sanchez Mini Market lnc
    4630 Chestnut St
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    SEJ FINANCIALS LLC
    141 S 52nd St
    Philadelphia,PA19139     		    Restore and Reopen Grant 3,250
    Sharon Beauty Haven Beauty Town
    5510 Chester Ave
    Philadelphia,PA19143     		    Restore and Reopen Grant 10,000
    Shoe Plus
    2631 Germantown Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    Shoe Plus
    3643 Germantown Avenue
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    Shree Mahant Inc
    4600 E Roosevelt Blvd
    Philadelphia,PA19124     		    Restore and Reopen Grant 10,000
    Shree Pramukh Inc
    2936 Island Ave
    Philadelphia,PA19153     		    Restore and Reopen Grant 10,000
    Smart Fone Doctor 1 Inc
    4016 Lancaster Ave
    Philadelphia,PA19104     		    Restore and Reopen Grant 10,000
    SNS Electronics and Discount inc
    203 S 52nd St
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    StaCovered LLC
    4663 Stenton Ave
    Philadelphia,PA19144     		    Restore and Reopen Grant 9,900
    Station Food Market
    7 South 52nd Street
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    Suaad Islamic Fashion
    2718 Germantown Avenue
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    Sun Pay Inc
    2700 Germantown Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    Sunday's Place
    2201 N Woodstock Street
    Philadelphia,PA19132     		    Restore and Reopen Grant 4,000
    Sunray Drugs Specialty
    142 S 52nd St Ste 201
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    Superior Auto Body & Repair
    2438 Germantown Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    Sweet Sunnah LLC
    2714 Germantown Avenue
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    TaxPrep Station LLC
    3125 N Front St
    Philadelphia,PA19133     		    Restore and Reopen Grant 3,500
    The 3rd Eye
    125 S 52nd St
    Philadelphia,PA19139     		    Restore and Reopen Grant 1,500
    The Better Box LLC
    1463 E HOWELL STREET
    Philadelphia,PA19149     		    Restore and Reopen Grant 3,000
    TheShoeBarBySimDiva
    5248 Market St
    Philadelphia,PA19139     		    Restore and Reopen Grant 604
    Tire Techs Usa Inc
    5000 N 20th St
    Philadelphia,PA19144     		    Restore and Reopen Grant 4,000
    Tomorrow Gift
    2246 Ridge Ave
    Philadelphia,PA19121     		    Restore and Reopen Grant 8,154
    Top Beauty Supply Inc
    3640 Germantown Avenue
    Philadelphia,PA19140     		    Restore and Reopen Grant 10,000
    Total Beauty Supply
    5749 Baltimore Ave
    Philadelphia,PA19143     		    Restore and Reopen Grant 10,000
    Total Glamor Beauty Salon
    4835 N Broad Street
    Philadelphia,PA19141     		    Restore and Reopen Grant 2,000
    Uhuru Furniture & Collectibles
    832 N Broad St
    Philadelphia,PA19130     		    Restore and Reopen Grant 2,500
    Vision Optics
    2658 GERMANTOWN AVE
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    West End Smoke Shop
    6140 Market Street
    Philadelphia,PA19139     		    Restore and Reopen Grant 7,200
    Wireless Broz Of Philly Inc
    2704 North 5th Street
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    Wireless Broz Of Philly Inc
    5601 Vine Street
    Philadelphia,PA19139     		    Restore and Reopen Grant 10,000
    Wolf Cycles
    4311 Lancaster Ave
    Philadelphia,PA19104     		    Restore and Reopen Grant 10,000
    Woodland Money Loan
    4701 Frankford Ave
    Philadelphia,PA19124     		    Restore and Reopen Grant 10,000
    Woodland Village Pizza
    6234 Woodland Avenue
    Philadelphia,PA19142     		    Restore and Reopen Grant 10,000
    World Wireless Inc
    3100 KENSINGTON AVE APT1
    Philadelphia,PA19134     		    Restore and Reopen Grant 10,000
    Yoks Electronics
    2640 Germantown Ave
    Philadelphia,PA19133     		    Restore and Reopen Grant 10,000
    Other nonprofit organizations (9)
    1617 John F Kennedy Blvd
    Philadelphia,PA19103     		    Restore and Reopen partner fees 4,401
    Total .................................bullet 3a 2,002,633
    bApproved for future payment
    Franny Lou's Porch
    2400 Coral St
    Philadelphia,PA19125     		    Covid-19 Grant 20,000
    Total .................................bullet 3b 20,000
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aProgram service revenue         1,250,000
    bGrant administration fees         113,125
    cOther income         64
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 872  
    4 Dividends and interest from securities....     14 48,256  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        142,253
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 49,128 1,505,442
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,554,570
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1a Funds received to provide additional grants
    1b Fees received to administer program income and contributions
    1c Other income to offset expenses
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    The Merchants Fund of Philadelphia
     
    Employer identification number

    23-1584975
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    The Merchants Fund of Philadelphia
          		Employer identification number
    23-1584975
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Barra Foundation
     
    200 W Lancaster Avenue
     
    Wayne, PA19087

    		$ 71,250


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Green Family Foundation
     
    7300 Biscayne Boulevard
     
    Miami, FL33138

    		$ 69,375


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    AmerisourceBergen Foundation
     
    1 West First Avenue
     
    Conshohocken, PA19428

    		$ 46,250


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    PIDC
     
    1234 Market Street
     
    Philadelphia, PA19107

    		$ 33,950


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    Momentum Fund
     
    1020 19th Street NW
     
    Washington, DC20036

    		$ 60,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    Polly A Levee Charitable Trust
     
    620 Liberty Avenue No
     
    Pittsburgh, PA15222

    		$ 25,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    The Merchants Fund of Philadelphia
          		Employer identification number
    23-1584975
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
    The Philadelphia Contributionship
     
    210 South 4th Street
     
    Philadelphia, PA19106

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    The Merchants Fund of Philadelphia
          		Employer identification number

    23-1584975
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    The Merchants Fund of Philadelphia
          		Employer identification number

    23-1584975
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    The Merchants Fund of Philadelphia
    EIN:
    23-1584975
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting 10,393 0 0 10,393

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Merchants Fund of Philadelphia
    EIN:
    23-1584975
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Vanguard Funds FMV 8,724,400 8,724,400
    Elkin Fund FMV 7,287,444 7,287,444
    Geddes Fund FMV 316,701 316,701

    TY 2020 OtherAssetsSchedule
    Name:
    The Merchants Fund of Philadelphia
    EIN:
    23-1584975
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Security deposit 1,496 1,496 1,496


    TY 2020 OtherExpensesSchedule
    Name:
    The Merchants Fund of Philadelphia
    EIN:
    23-1584975
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Technology 7,920 0 0 7,920
    Professional development 5,015 0 0 5,015
    Office expense 4,844 0 0 4,844
    Insurance 3,288 0 0 3,288
    Advertising 2,589 0 0 2,589
    Dues and subscriptions 1,640 0 0 1,640
    Bank fees 1,137 0 0 1,137


    TY 2020 OtherIncomeSchedule2
    Name:
    The Merchants Fund of Philadelphia
    EIN:
    23-1584975
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Program service revenue 1,250,000   1,250,000
    Grant administration fees 113,125   113,125
    Other income 64   64


    TY 2020 OtherIncreasesSchedule
    Name:
    The Merchants Fund of Philadelphia
    EIN:
    23-1584975
    Description Amount
    Unrealized gains 896,807


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Merchants Fund of Philadelphia
    EIN:
    23-1584975
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Consultants 16,362 0 0 16,362


    TY 2020 TaxesSchedule
    Name:
    The Merchants Fund of Philadelphia
    EIN:
    23-1584975
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll taxes 16,692 0 0 16,692