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Meyer Memorial Trust

Profile

Last Updated: 2016-07-17

At A Glance

Meyer Memorial Trust

(formerly Fred Meyer Charitable Trust)

425 N.W. 10th Ave., Ste. 400

Portland, OR United States 97209-3128

Telephone: (503) 228-5512

URL: www.mmt.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2015-03-31)

Assets: $788,503,887

Total giving: $42,210,624

EIN

930806316

BRIDGE Number

3821773466

Background

Trust established by will in 1978; obtained IRS status in 1982 in OR - Born in 1886 into a family of Brooklyn grocers, Mr. Meyer traveled west in 1905, working his way through the wheat fields of the Dakotas and Montana, and the gold fields of Alaska. After building a door-to-door coffee business in Oregon, he established a coffee retail outlet in a downtown street market that he subsequently managed. Next, he invested everything he had in an "all package" grocery store. At the time of Mr. Meyer's death five decades later, the Fred Meyer chain of stores employed more than 13,000 people on annual sales exceeding $1 billion. The grantmaker is a signatory to Philanthropy’s Promise, an initiative of the National Committee for Responsive Philanthropy (NCRP). By signing on, the grantmaker has committed to allocating the majority of its grantmaking dollars to marginalized communities and at least 25 percent to social justice strategies, such as advocacy, community organizing, and civic engagement

Purpose and Activities

The trust works with and invest in organizations, communities, ideas and efforts that contribute to a flourishing and equitable Oregon.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Grassroots Grants

Grassroots Grants range from $1,000 to $40,000. This program is limited to tax-exempt organizations operating in Oregon. The Grassroots Grants program allows the trust to assist a large number of worthy organizations with a wide variety of small projects that are limited in scope, but nevertheless significant for the applicant organization. The maximum organization budget is $2,000,000. It is unlikely that many of these grants will go to large organizations. This program is suspended starting on March 15.

Matching Gifts

The trust matches the monetary gifts and donated time of its employees to charitable organizations.

Program-Related Investment

The foundation has made a PRI to establish a loan fund for trusts to acquire land and secure conservation easements. The foundation has made PRIs in the form of loans for property renovation, low income housing and community development. Historically, the Meyer Trust has made PRIs in the form of loans for diverse projects such as land holding costs, capital purchases, and predevelopment housing expenses.

Program-Related Investments

MMT seeks opportunities to make program-related investments (PRI's) to strengthen and expand the impact of the trust's work in Oregon and Clark County, WA. PRIs take the form of loans, loan guarantees, and equity investments that utilize capital to support a charitable project or activity. They help extend the reach of the trust's grantmaking by aiding grantees in attracting other conventional sources of capital. Online application.

Responsive Grants

Responsive Grants are awarded for a wide array of activities in the areas of human services, health, affordable housing, community development, conservation and environment, public affairs, arts and culture and education. They generally range from $41,000 to $300,000, with grant periods from one to three years. Responsive grants help support many kinds of projects, including core operating support, strengthening organizations, building and renovating facilities, and program support. Such grants are limited to organizations operating in Oregon. Guidelines and application process available on the Trust's web site. This program is suspended starting on March 15.

Fields of Interest

Subjects
  • Arts and culture
  • Child development
  • Child educational development
  • Child welfare
  • Community and economic development
  • Crime prevention
  • Diseases and conditions
  • Education
  • Environment
  • Family services
  • Health
  • Higher education
  • Housing development
  • Human services
  • Humanities
  • Leadership development
  • Natural resources
  • Performing arts
  • Senior services
  • Youth development
Population Groups
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people

Financial Data

Year ended 2015-03-31

Assets: $788,503,887 (market value)

Expenditures: $53,290,029

Total giving: $42,210,624

Qualifying distributions: $42,210,624

Giving activities include:

$42,210,624 for grants