1st Source Foundation Inc 610205460
ActiveMutual & Membership BenefitFunds Individuals
About 1st Source Foundation Inc 610205460
Working to enhance and strengthen the social, economic, and cultural fabric of our communities through a commitment of providing financial resources—helping to improve the quality of life for those who live, work, raise families, and build businesses in our communities.
Focus Areas
Social welfare and human servicesEducationArts and cultureCommunity and economic developmentAffordable housing / homebuyer grantsFinancial literacy
Who They Fund
youth and school-aged childrenworking-class families/affordable housing applicantsgirls and girl-scout-affiliated youthgeneral community event participants/beneficiaries
Funding Style
general operating support
About 1st Source Foundation Inc 610205460
1st Source Foundation Inc 610205460 makes large local grants across northern Indiana and southwestern Michigan, with many awards aimed at organizations that serve South Bend and nearby communities. Its recent giving shows a strong mix of housing, education, human services, and community-development support: Habitat for Humanity received $150,000 in 2025, and Holy Cross College also received $150,000 the same year. The foundation’s broader pattern includes repeated support for organizations that work on neighborhood stability, basic needs, and public benefit, such as United Way of St Joseph County, South Bend Heritage Foundation, and Goodwill Ind of Michiana Inc. The foundation also backs civic and community infrastructure. Recent awards include $100,000 to the City of Mishawaka, $100,000 to Michiana Public Broadcasting Corp, and $100,000 to South Bend Youth Hockey. Awards range from smaller operating support to six-figure charitable contributions, indicating a grantmaker that uses a mix of support types for institutions, service providers, and community programs. Across the portfolio, the organization funds nonprofits and public-serving entities that strengthen quality of life in the communities it serves.
What 1st Source Foundation Inc 610205460 Funds
Affordable housing and neighborhood stability are clear priorities. In 2025, the foundation gave $150,000 to Habitat for Humanity and $40,000 to Project Neighbors for a studio apartment building. Human services also appear consistently: Center for the Homeless received $55,150 in 2024, while Logan Resource Center received $85,833 in 2025. Education is another major area. Holy Cross College received $150,000 in 2025, and Junior Achievement of No Indiana received $90,000 in 2024. The foundation also supports arts and culture through a $50,000 grant to Premier Arts in Elkhart and a $66,000 grant to the Auburn-cord-duesenberg Museum in Auburn. These awards show a portfolio that reaches from schools and colleges to museums and local arts groups.
How 1st Source Foundation Inc 610205460 Gives
Typical grants center around a mid-five-figure range, with p25 at $5,000, a median of $10,000, and p75 at $29,375. The active general grants program is competitive and does not accept unsolicited applications. Recent awards show repeat support to the same organizations across years, including Marshall Co Lln Inc, United Way of St Joseph County, Michiana Public Broadcasting Corp, and South Bend-Elkhart Regional FDN Inc. The foundation gives program, operating, event, and capital-style support, and it also funds individuals.
Financial Snapshot
Annual Giving
$4M
Total Assets
$35.2M
Total Revenue
$3.9M
Total Expenses
$2.3M
Typical Grant Size
Most grants fall between $5K and $29K, with a median of $10K.
25th Percentile
$5K
Median
$10K
75th Percentile
$29K
Geographic Reach
Local4 states funded
About 90% of grants go to recipients in IN.
Funding intensity
LowHigh
Headquarters
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