Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
Merck Foundation a New Jersey Nonprofit Corporation
 
% Gary Henningsen
Number and street (or P.O. box number if mail is not delivered to street address)126 E Lincoln Avenue
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Rahway, NJ070650900
A Employer identification number

22-6028476
B Telephone number (see instructions)

(732) 594-4000
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$328,259,324J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 5,350,367 5,403,064  
4 Dividends and interest from securities... 1,340,600 1,216,662 0
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 0
b Gross sales price for all assets on line 6a 0
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications........... 0
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0 0
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
38,663,741 4,536,805 0
12 Total. Add lines 1 through 11........ 45,354,708 11,156,531 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 0 0 0 0
15 Pension plans, employee benefits....... 0 0 0 0
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... 0 0 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
327,943 327,943 0 0
17 Interest............... 0 0 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
94,000 0 0 94,000
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 0 0 0 0
21 Travel, conferences, and meetings....... 0 0 0 0
22 Printing and publications.......... 0 0 0 0
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
565,529 0 0 565,529
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 987,472 327,943 0 659,529
25 Contributions, gifts, grants paid....... 25,376,354 25,376,354
26 Total expenses and disbursements. Add lines 24 and 25 26,363,826 327,943 0 26,035,883
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 18,990,882
b Net investment income (if negative, enter -0-) 10,828,588
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 43,339,862 35,625,788 35,625,788
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow7,201,206
Less: allowance for doubtful accounts right arrow0 502,537 7,201,206 7,201,206
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0  
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow   0 0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   0  
b Investments—corporate stock (attach schedule)....... 0 0  
c Investments—corporate bonds (attach schedule).......   0  
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 272,389,591 Click to see attachment
List of Attached Documents:
// Content
285,432,330 		285,432,330
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow     0  
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 316,231,990 328,259,324 328,259,324
Liabilities 17 Accounts payable and accrued expenses.......... 7,190,103 226,554
18 Grants payable................. 0 0
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 7,190,103 226,554
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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 309,041,887 328,032,770
29 Total net assets or fund balances (see instructions)..... 309,041,887 328,032,770
30 Total liabilities and net assets/fund balances (see instructions). 316,231,990 328,259,324
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
309,041,887
2
Enter amount from Part I, line 27a .....................
2
18,990,882
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1
4
Add lines 1, 2, and 3 ..........................
4
328,032,770
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
328,032,770
Form 990-PF (2024)
Form 990-PF (2024)
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.)
1a
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
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
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  
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  
Part V
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 right arrow 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) 1 150,517
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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  
3 Add lines 1 and 2........................... 3 150,517
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 150,517
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 120,000
b Exempt foreign organizations—tax withheld at source...... 6b  
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.............. 7 120,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 30,517
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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
Yes
 
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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNJ
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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
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 addressright arrow  
14
The books are in care ofright arrowTAXPAYER Telephone no.right arrow (732) 594-4000

Located atright arrow126 E Lincoln AvenueP O Box 2000 Mail Stop RY33 230BRahwayNJ ZIP+4right arrow070650900
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2024? .............
1d
 
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 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
 
No
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
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? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
Part VII
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
Zachary JenniferClick to see attachment
List of Attached Documents:
// Content
Chairperson of the Board
0.00 		0 0 0
126 E Lincoln Avenue
P O Box 2000
Rahway,NJ070650900
Grez Kelly E WClick to see attachment
List of Attached Documents:
// Content
Secretary
0.00 		0 0 0
126 E Lincoln Avenue
P O Box 2000
Rahway,MT070650900
Allison GoldbergClick to see attachment
List of Attached Documents:
// Content
President
0.00 		0 0 0
126 E Lincoln Avenue
P O Box 2000
Rahway,NJ070650900
Dillane TimothyClick to see attachment
List of Attached Documents:
// Content
Assistant Treasurer
0.00 		0 0 0
126 E Lincoln Avenue
P O Box 2000
Rahway,NJ070650900
Ettelman KarenClick to see attachment
List of Attached Documents:
// Content
Assistant Secretary
0.00 		0 0 0
126 E Lincoln Avenue
P O Box 2000
Rahway,NJ070650900
Filderman JonClick to see attachment
List of Attached Documents:
// Content
Vice President
0.00 		0 0 0
126 E Lincoln Avenue
P O Box 2000
Rahway,NJ070650900
Gary HenningsenClick to see attachment
List of Attached Documents:
// Content
Vice President Tax
0.00 		0 0 0
126 E Lincoln Avenue
P O Box 2000
Rahway,NJ070650900
Hardy LeslieClick to see attachment
List of Attached Documents:
// Content
Executive Vice President
0.00 		0 0 0
126 E Lincoln Avenue
P O Box 2000
Rahway,NJ070650900
Lee JuanitaClick to see attachment
List of Attached Documents:
// Content
Treasurer
0.00 		0 0 0
126 E Lincoln Avenue
P O Box 2000
Rahway,NJ070650900
Rosenberg AaronClick to see attachment
List of Attached Documents:
// Content
Treasurer
0.00 		0 0 0
126 E Lincoln Avenue
P O Box 2000
Rahway,NJ070650900
Swartwood RobertClick to see attachment
List of Attached Documents:
// Content
Assistant Treasurer
0.00 		0 0 0
126 E Lincoln Avenue
P O Box 2000
Rahway,NJ070650900
Wildasin AnthonyClick to see attachment
List of Attached Documents:
// Content
Assistant Secretary
0.00 		0 0 0
126 E Lincoln Avenue
P O Box 2000
Rahway,NJ070650900
Carmen VillarClick to see attachment
List of Attached Documents:
// Content
Chief Executive Offi
0.00 		0 0 0
126 E Lincoln Avenue
Rahway,NJ07065
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
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
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
 
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-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 The Childrens Inn at NIH 2,800,000
2 University of New Mexico 1,723,030
3 United Nations Foundation Inc. 1,000,000
4 Medical College of Virginia Foundation 657,573
Part VIII-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.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
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
325,895,052
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
325,895,052
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) Click to see attachment
List of Attached Documents:
// Content
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
325,895,052
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
4,888,426
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
321,006,626
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
16,050,331
Part X
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 IX, line 6..................
1
16,050,331
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
150,517
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
0
c
Add lines 2a and 2b............................
2c
150,517
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
15,899,814
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
15,899,814
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 XII, line 1 ...
7
15,899,814
Part XI
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
26,035,883
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) Click to see attachment
List of Attached Documents:
// Content
.................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
26,035,883
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 15,899,814
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 15,523,551
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 8,479,399
b From 2020...... 14,605,772
c From 2021...... 6,444,539
d From 2022...... 6,911,816
e From 2023...... 10,189,575
f Total of lines 3a through e ........ 46,631,101
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 26,035,883
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount.....  
e Remaining amount distributed out of corpus 10,136,069
5 Excess distributions carryover applied to 2024.    
(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 56,767,170
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		15,523,551
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		15,899,814
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		56,767,170
10 Analysis of line 9:
a Excess from 2020.... 14,605,772
b Excess from 2021.... 6,444,539
c Excess from 2022.... 6,911,816
d Excess from 2023.... 10,189,575
e Excess from 2024.... 10,136,069
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2024, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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 XIV
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).)
NONE
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.
N A
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Leslie Hardy
126 E
Rahway,NJ07065
(732) 594-4000
bThe form in which applications should be submitted and information and materials they should include:
Requests may be submitted by letter containing a brief summary of the organization including documentation of its federal tax-exempt status objectives of the project and means for accomplishing the goal the budget sources of other funding and amount of the grant request. Evidence of a sound program competent leadership and the ability to accomplish objectives must be shown.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Requests are evaluated on the basis of relevance to the philanthropic priorities of the Merck Company Foundation the interests of Merck & Co. Inc. the location of its major facilities and the concerns of its employees. Grants are not made to political labor or sectarian groups nor for endowments publications or media productions. Except within Foundation programs grants are not given for scholarships fellowships or to individuals.
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
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

American Cancer Society

18th Street NW
18th Street NW
Washington,District of Colum20006
NO 		No Relationship 509a1 Contribution provided 556,303

Boston Medical Center Corporation

One Boston Medical Center Place
One Boston Medical Center Place
Boston,Massachusetts2118
NO 		No Relationship 509a1 Contribution provided 399,821

Boys & Girls Clubs of Durham and Orange Counties

1010 MARTIN LUTHER KING PKWY STE 3
1010 MARTIN LUTHER KING PKWY STE 3
DURHAM,NC277133139
NO 		No Relationship 509a1 Contribution provided 25,000

Breakthrough Greater Boston

PO BOX 381486
PO BOX 381486
CAMBRIDGE,MA022381486
NO 		No Relationship 509a1 Contribution provided 50,000

Broad Street Ministry

315 S BROAD STREET
315 S BROAD STREET
PHILADELPHIA,PA191070000
NO 		No Relationship 509a1 Contribution provided 25,000

Case Western Reserve University

10900 Euclid Avenue
10900 Euclid Avenue
Cleveland,Ohio44106
NO 		No Relationship 509a1 Contribution provided 399,870

Cathleen Stone Island Outward Bound School

PO BOX 127
PO BOX 127
BOSTON,MA021270002
NO 		No Relationship 509a1 Contribution provided 50,000

Danville Area Community Center

1041 LIBERTY STREET
1041 LIBERTY STREET
DANVILLE,PA178210000
NO 		No Relationship 509a1 Contribution provided 15,000

DanaFarber Cancer Institute

450 BROOKLINE AVENUE BP418
450 BROOKLINE AVENUE BP418
BOSTON,MA022155418
NO 		No Relationship 509a1 Contribution provided 35,000

Durham Public Schools Foundation

600 E UMSTEAD ST
600 E UMSTEAD ST
DURHAM,NC277014348
NO 		No Relationship 509a1 Contribution provided 25,000

Emerald Necklace Conservancy

125 THE FENWAY
125 THE FENWAY
BOSTON,MA021153700
NO 		No Relationship 509a1 Contribution provided 25,000

Friends of Huddart & Wunderlich Parks

PO BOX 620767
PO BOX 620767
WOODSIDE,CA940620767
NO 		No Relationship 509a1 Contribution provided 50,000

Goodwill Industries of Eastern North Carolina Inc

4808 CHIN PAGE RD
4808 CHIN PAGE RD
DURHAM,NC277038476
NO 		No Relationship 509a1 Contribution provided 25,000

Hackensack University Medical Center

343 Thornhall Street
343 Thornhall Street
Edison,New Jersey7030
NO 		No Relationship 509a1 Contribution provided 150,000

JerseySTEM

186 COLUMBIA TURNPIKE
186 COLUMBIA TURNPIKE
FLORHAM PARK,NJ079320000
NO 		No Relationship 509a1 Contribution provided 25,000

Keystone Opportunity Center

104 N MAIN ST
104 N MAIN ST
SOUDERTON,PA189641710
NO 		No Relationship 509a1 Contribution provided 25,000

Manna on Main Street

606 E MAIN ST SUITE 1001
606 E MAIN ST SUITE 1001
LANSDALE,PA194462906
NO 		No Relationship 509a1 Contribution provided 50,000

Mary Bird Perkins Cancer Center

4950 Essen Lane
4950 Essen Lane
Baton Rouge,Louisiana70809
NO 		No Relationship 509a1 Contribution provided 398,042

Memorial Sloan Kettering Cancer Center OSBI

1275 York Avenue
1275 York Avenue
New York,New York100656007
NO 		No Relationship 509a1 Contribution provided 400,000

Mitzvah Circle Foundation

2562 BOULEVARD OF THE GENERALS
2562 BOULEVARD OF THE GENERALS
NORRISTOWN,PA194033671
NO 		No Relationship 509a1 Contribution provided 50,000

New Jersey Performing Arts Center

1 Center Street
1 Center Street
Newark,New Jersey7102
NO 		No Relationship 509a1 Contribution provided 250,000

Perkiomen Watershed Conservancy

1 SKIPPACK PIKE
1 SKIPPACK PIKE
SCHWENKSVILLE,PA194732828
NO 		No Relationship 509a1 Contribution provided 25,000

POPULATION SERVICES INTERNATIONAL

1120 19th Street NW
1120 19th Street NW
Washington,District of Colum20036
NO 		No Relationship 509a1 Contribution provided 205,283

Rahway Community Action Organization

796 E HAZELWOOD AVE
796 E HAZELWOOD AVE
RAHWAY,NJ070655604
NO 		No Relationship 509a1 Contribution provided 35,000

Rahway River Watershed Association

PO BOX 1101
PO BOX 1101
RAHWAY,NJ070651101
NO 		No Relationship 509a1 Contribution provided 35,000

Research & Development Council of New Jersey

14 FAIRMOUNT AVENUE 13
14 FAIRMOUNT AVENUE 13
CHATHAM,NJ079282328
NO 		No Relationship 509a1 Contribution provided 35,000

Robert Wood Johnson University Hospital At Rahway

865 Stone Street
865 Stone Street
Rahway,New Jersey7065
NO 		No Relationship 509a1 Contribution provided 35,230

Saint Barnabas Health Care System Foundation

95 Old Short Hills Road
95 Old Short Hills Road
West Orange,New Jersey7052
NO 		No Relationship 509a1 Contribution provided 298,738

San Bruno Mountain Watch

44 VISITACION AVE STE 206
44 VISITACION AVE STE 206
BRISBANE,CA940051598
NO 		No Relationship 509a1 Contribution provided 25,000

San Francisco Food Bank

900 PENNSYLVANIA AVE
900 PENNSYLVANIA AVE
SAN FRANCISCO,CA941073446
NO 		No Relationship 509a1 Contribution provided 25,000

Science is Elementary

650 ROSEWOOD CT
650 ROSEWOOD CT
LOS ALTOS,CA940244870
NO 		No Relationship 509a1 Contribution provided 50,000

Shenandoah National Park Trust

1750 ALLIED ST
1750 ALLIED ST
CHARLOTTESVILLE,VA229035359
NO 		No Relationship 509a1 Contribution provided 50,000

The Good Samaritan Mission

568 FERRY ST
568 FERRY ST
DANVILLE,PA178211009
NO 		No Relationship 509a1 Contribution provided 15,000

Variety the Childrens Charity of the Delaware Valley

PO BOX 609
PO BOX 609
WORCESTER,PA194900609
NO 		No Relationship 509a1 Contribution provided 25,000

Vision To Learn

12100 WILSHIRE BLVD STE 1275
12100 WILSHIRE BLVD STE 1275
LOS ANGELES,CA900257143
NO 		No Relationship 509a1 Contribution provided 25,000

Wilson Education Partnership

113 NASH ST E STE 316
113 NASH ST E STE 316
WILSON,NC278934053
NO 		No Relationship 509a1 Contribution provided 25,000

Wissahickon Valley Watershed Association

12 MORRIS RD
12 MORRIS RD
AMBLER,PA190025407
NO 		No Relationship 509a1 Contribution provided 25,000

All Star Code Inc

276 5TH AVE RM 704 734
276 5TH AVE RM 704 734
NEW YORK,NY100014527
NO 		No Relationship 509a1 Contribution provided 25,000

American National Red Cross

431 18th Street NW
431 18th Street NW
Washington,DC20006
NO 		No Relationship 509a1 Contribution provided 600,000

Athena of the Triangle Inc

PO Box 1441
PO Box 1441
FUQUAY VARINA,NC27526 		No Relationship 509a1 Contribution provided 25,000

Beebe Medical Center Inc dba Beebe Healthcare

424 Savannah Road
424 Savannah Road
Lewes,DE19958 		No Relationship 509a1 Contribution provided 147,957

Blue Ridge Free Clinic INC

831 MLK Jr Way
831 MLK Jr Way
Harrisonburg,Virginia22801
NO 		No Relationship 509a1 Contribution provided 50,600

Boys and Girls Clubs of Philadelphia

1518 WALNUT ST STE 712
1518 WALNUT ST STE 712
PHILADELPHIA,PA191023404
NO 		No Relationship 509a1 Contribution provided 25,000

Community Servings Inc

179 Amory Street
179 Amory Street
Jamaica Plain,Massachusetts02130
NO 		No Relationship 509a1 Contribution provided 150,000

Conquer Cancer Foundation of the American Society of Clinical Oncology

2318 Mill Road Suite 800
2318 Mill Road Suite 800
Alexandria,Virginia22314
NO 		No Relationship 509a1 Contribution provided 389,413

Cornerstone Christian Academy

1939 S 58th Street P O Box 5520
1939 S 58th Street P O Box 5520
Philadelphia,Pennsylvania19143
NO 		No Relationship 509a1 Contribution provided 250,000

Eastside College Preparatory School Inc

1041 MYRTLE ST
1041 MYRTLE ST
E PALO ALTO,CA943032013
NO 		No Relationship 509a1 Contribution provided 25,000

Foundation for Health Leadership & Innovation

2401 Weston Parkway Suite 203
2401 Weston Parkway Suite 203
Cary,North Carolina27513
NO 		No Relationship 509a1 Contribution provided 150,000

Growth Philanthropy Network Inc

122 E 42nd Street 17th Floor
122 E 42nd Street 17th Floor
New York,New York10168
NO 		No Relationship 509a1 Contribution provided 55,000

Health Promotion Council of Southeastern PA

1500 Market St S 1500 Centre Sq E
1500 Market St S 1500 Centre Sq E
Philadelphia,PA19102 		No Relationship 509a1 Contribution provided 150,000

Kimmel Center Inc

1500 Walnut Street 17th Floor
1500 Walnut Street 17th Floor
Philadelphia,Pennsylvania19102
NO 		No Relationship 509a1 Contribution provided 150,000

Kits Cubed Inc

8053 HANSOM DR
8053 HANSOM DR
OAKLAND,CA946054208
NO 		No Relationship 509a1 Contribution provided 25,000

Life Science Cares Inc

PO BOX 425486
PO BOX 425486
CAMBRIDGE,MA021420010
NO 		No Relationship 509a1 Contribution provided 25,000

Medical College of Virginia Foundation

1228 East Broad Street Box 980234
1228 East Broad Street Box 980234
Richmond,Virginia232980234
NO 		No Relationship 509a1 Contribution provided 657,573

mothers 2 mothers International Inc

1431 Broadway FL 8
1431 Broadway FL 8
New York,New York10018
NO 		No Relationship 509a1 Contribution provided 76,876

National Comprehensive Cancer Network Inc

3025 Chemical Road Suite 100
3025 Chemical Road Suite 100
Plymouth Meeting,Pennsylvania19462
NO 		No Relationship 509a1 Contribution provided 255,499

New Jersey Symphony Orchestra

60 Park Place Suite 900
60 Park Place Suite 900
Newark,New Jersey07012
NO 		No Relationship 509a1 Contribution provided 200,000

North Penn Valley Boys and Girls Club

16 SUSQUEHANNA AVE
16 SUSQUEHANNA AVE
LANSDALE,PA194463606
NO 		No Relationship 509a1 Contribution provided 25,000

Rutgers the State University

33 Knightsbridge Rd
33 Knightsbridge Rd
Piscataway,New Jersey08854
NO 		No Relationship 509a1 Contribution provided 204,137

Saint Francis Foundation

155 Sansome Street Suite 500
155 Sansome Street Suite 500
San Francisco,California94104
NO 		No Relationship 509a1 Contribution provided 50,000

Science Club for Girls Inc

210 BROADWAY STE 201
210 BROADWAY STE 201
CAMBRIDGE,MA021391959
NO 		No Relationship 509a1 Contribution provided 50,000

Students 2 Science Inc

66 DEFOREST AVE
66 DEFOREST AVE
EAST HANOVER,NJ079362811
NO 		No Relationship 509a1 Contribution provided 75,000

The Massachusetts General Hospital

125 Nashua Steet Suite 540
125 Nashua Steet Suite 540
Boston,Massachusetts02114
NO 		No Relationship 509a1 Contribution provided 149,707

United Nations Foundation Inc

1750 PENNSYLVANIA AVE NW STE 300
1750 PENNSYLVANIA AVE NW STE 300
WASHINGTON,DC200064515
NO 		No Relationship 509a1 Contribution provided 1,000,000

University of Kentucky Research Foundation

500 S Limestone 109 Kinkead Hall
500 S Limestone 109 Kinkead Hall
Lexington,Kentucky405260001
NO 		No Relationship 509a1 Contribution provided 373,651

University of Nebraska Foundation

1010 Lincoln Mall Suite 300
1010 Lincoln Mall Suite 300
Lincoln,Nebraska68508
NO 		No Relationship 509a1 Contribution provided 149,996

University of New Mexico

1 University of NM
1 University of New Mexico
Albuquerque,New Mexico87131
NO 		No Relationship 509a1 Contribution provided 1,723,030

Valley Youth House Committee Inc

3400 High Point Blvd
3400 High Point Blvd
Bethlehem,Pennsylvania18017
NO 		No Relationship 509a1 Contribution provided 150,000

Wesley Shelter Inc

106 Vance St E
106 Vance St E
Wilson,North Carolina27893
NO 		No Relationship 509a1 Contribution provided 47,698

Comie En Union para Salvadorenos CEUS

PO BOX 577
PO BOX 577
WEST NEW YORK,NJ070930577
NO 		No Relationship 509a1 Contribution provided 87,252

Comie En Union para Salvadorenos CEUS

PO BOX 577
PO BOX 577
WEST NEW YORK,NJ070930577
NO 		No Relationship 509a1 Contribution provided 87,252

North Carolina Museum of Life and Science Inc

433 W MURRAY AVE
433 W MURRAY AVE
DURHAM,NC277043101
NO 		No Relationship 509a1 Contribution provided 25,000

North Carolina Museum of Life and Science Inc

433 W MURRAY AVE
433 W MURRAY AVE
DURHAM,NC277043101
NO 		No Relationship 509a1 Contribution provided 25,000

The Childrens Inn at NIH

7 West Drive
7 West Drive
Bethesda,Maryland20814
NO 		No Relationship 509a1 Contribution provided 100,000

The Childrens Inn at NIH

7 West Drive
7 West Drive
Bethesda,Maryland20814
NO 		No Relationship 509a1 Contribution provided 2,800,000

The Franklin Institute

222 N 20th Street
222 N 20th Street
Philadelphia,Pennsylvania19103
NO 		No Relationship 509a1 Contribution provided 500,000

The Franklin Institute

222 N 20TH ST
222 N 20TH ST
PHILADELPHIA,PA191031115
NO 		No Relationship 509a1 Contribution provided 25,000

Various

126 E Lincoln Avenue
126 E Lincoln Avenue
Rahway,NJ07065
NO 		No Relationship 509a1 Contribution provided 10,332,426
Total .................................right arrow 3a 25,376,354
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-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
a     0   0 0
b     0   0 0
c     0   0 0
d     0   0 0
e     0   0 0
f     0   0 0
    0   0 0
gFees and contracts from government agencies          
2 Membership dues and assessments ....   0   0 0
3 Interest on savings and temporary cash
investments ........... 		  0   0 0
4 Dividends and interest from securities ....   0   0 0
5 Net rental income or (loss) from real estate:
aDebt-financed property......   0   0 0
bNot debt-financed property.....   0   0 0
6 Net rental income or (loss) from personal property   0   0 0
7 Other investment income .....   0   0 0
8 Gain or (loss) from sales of assets other than
inventory ............ 		  0   0 0
9 Net income or (loss) from special events:   0   0 0
10 Gross profit or (loss) from sales of inventory   0   0 0
11 Other revenue:
a   		  0   0 0
b     0   0 0
c     0   0 0
d     0   0 0
e     0   0 0
12 Subtotal. Add columns (b), (d), and (e) .. 0 0 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
0
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID: 24020569
Software Version: V2.0


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 InvestmentsOtherSchedule2
Name:
Merck Foundation a New Jersey Nonprofit Corporation
EIN:
22-6028476
Software ID:
24020569
Software Version:
V2.0
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Short Term Investment - Bank of New York AT COST 285,432,330 285,432,330

TY 2024 OtherExpensesSchedule
Name:
Merck Foundation a New Jersey Nonprofit Corporation
EIN:
22-6028476
Software ID:
24020569
Software Version:
V2.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Outside services - Management consulting 565,529 0 0 565,529


TY 2024 OtherIncomeSchedule2
Name:
Merck Foundation a New Jersey Nonprofit Corporation
EIN:
22-6028476
Software ID:
24020569
Software Version:
V2.0
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Investment Capital Gains Losses 38,663,741 4,536,805 0


TY 2024 OtherIncreasesSchedule
Name:
Merck Foundation a New Jersey Nonprofit Corporation
EIN:
22-6028476
Software ID:
24020569
Software Version:
V2.0
Description Amount
Rounding 1


TY 2024 OtherProfessionalFeesSchedule
Name:
Merck Foundation a New Jersey Nonprofit Corporation
EIN:
22-6028476
Software ID:
24020569
Software Version:
V2.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Management fee 327,943 327,943 0 0


TY 2024 TaxesSchedule
Name:
Merck Foundation a New Jersey Nonprofit Corporation
EIN:
22-6028476
Software ID:
24020569
Software Version:
V2.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal Tax Expense 94,000 0 0 94,000