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The Paul & Elisabeth Merage Family Foundation

Profile

Last Updated: 2016-02-01

At A Glance

The Paul & Elisabeth Merage Family Foundation

660 Newport Center Dr., Ste. 1300

Newport Beach, CA United States 92660-2007

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business

Financial Data

(yr. ended 2013-12-31)

Assets: $34,938,573

Total giving: $1,597,500

EIN

680529692

BRIDGE Number

7838846542

Background

Established in 2002 in NV - Founded by Paul and Elisabeth Merage. Mr. Merage is an Iranian-American entrepreneur who co-founded Chef America Inc. (later sold to Nestle for $2.6 billion), a successful frozen foods distribution company which is well known for its invention of the microwaveable snacks Hot Pockets. He is Chairman of Falcon Investment Management, Stoneridge Capital Partners, and Silverpoint Investments.

Purpose and Activities

Giving primarily for education, and human services, particularly for services for immigrants.

Fields of Interest

Subjects
  • Education
  • Elementary and secondary education
  • Higher education
  • Human services
  • University education
Population Groups
  • Academics
  • Children and youth
  • Christians
  • Immigrants
  • Protestants
  • Students

Financial Data

Year ended 2013-12-31

Assets: $34,938,573 (market value)

Expenditures: $1,686,658

Total giving: $1,597,500

Qualifying distributions: $1,606,576

Giving activities include:

$1,597,500 for 4 grants (high: $1,525,000; low: $10,000)