Anna B Welch Memorial Trust
The Anna B Welch Memorial Trust is a private foundation based in Mattoon, Illinois. Its 2025 filing reports grants to individuals for higher education, with all 12 listed grant purposes stating “to further higher education.”
Key facts about Anna B Welch Memorial Trust
In short: Anna B Welch Memorial Trust gave $84K across 36 grants in 2026 (avg $2K), mostly in Illinois. 64% of 2026 grantees were new. Source: 2026 IRS Form 990-PF.
- EIN
- 37-6284353
- Latest 990 filing
- Form 990-PF, 2026
- Annual giving (2026)
- $84,240
- Grants made (2026)
- 36
- Average grant
- $2,340
- Median grant
- $2,340
- New grantees (estimate)
- 64% first-time grantees (23 of 36, 2026)
- Total assets
- $1,202,401
- Primary geography
- Illinois (100% of itemized 2026 grant dollars)
- How to apply
- The foundation does not restrict giving to preselected organizations. Full details ↓
- Deadline
- April 15.
Data from IRS Form 990-PF, 2026; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2026 IRS Form 990-PF · View filing
Total Assets
$1.2M
+7.8% YoY
Annual Giving
$84K
+4.0% YoY
Grant Count
36
+33.3% YoY
Avg Grant Size
$2K
-22.0% YoY
Under IRS private-foundation payout rules, Anna B Welch Memorial Trust reported a distributable amount of $96K for 2026 — the minimum it must pay out in qualifying distributions.
Is Anna B Welch Memorial Trust open to new grantees?
64%
first-time grantees, 2026
In 2026, 23 of 36 grantees (64%) were first-time recipients. First grants averaged $2K; repeat grants $2K. How we count
Medians: $2K first-time, $2K repeat.
- 31% of 2026 grantees were also funded in 2025. Method
- Giving held roughly steady from 2023 to 2026 (−5%). Method
- In 2026 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2026). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Grantmaking
In filing year 2025, the trust reported 27 grants totaling $81,000. Each grant was $3,000. The listed recipients include Abbie Becker of Aurora, Illinois ($3,000), Audrey Dodge of Lexington, Kentucky ($3,000), and Joshua Sipes of Mequon, Wisconsin ($3,000); each award was for higher education.
Review Cycle
April 15.
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Geographic Focus
Where this funder awards grants
In 2025, 74% of grant dollars went to recipients in Illinois. The other leading recipient states were Indiana (7%), Kentucky (4%), Wisconsin (4%), and Texas (4%).
Grant Distribution by State
Share of 2026 grant dollars across all 36 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2026, annual grant giving ranged from $81K (2025) to $93K (2022). In 2026 it made 36 grants totaling $84K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2026
The largest 2026 recipient was Abigail Becker ($2K). Together the top 10 received $23K.
Grant Size Distribution
207 grants across all recorded years
The most common grant size was under $50K: 207 grants of 207 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Abigail Becker Greenup, IL | To Further Higher Education | $2,340 |
| Alexandra Walsh Mattoon, IL | To Further Higher Education | $2,340 |
| Stephanie Hurt Mattoon, IL | To Further Higher Education | $2,340 |
| Leah Stapleton Humboldt, IL | To Further Higher Education | $2,340 |
| Sidney Paulson Mattoon, IL | To Further Higher Education | $2,340 |
| Malea Niemerg Mattoon, IL | To Further Higher Education | $2,340 |
| Karly Weber Charleston, IL | To Further Higher Education | $2,340 |
| Audrey Dodge Humboldt, IL | To Further Higher Education | $2,340 |
| Zach Finley Charleston, IL | To Further Higher Education | $2,340 |
| Sydney Hakman Neoga, IL | To Further Higher Education | $2,340 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $1,115,153 | $78,080 | $108,773 | $81,000 (27 grants) |
| 2024 | $1,144,346 | $97,874 | $115,395 | $87,986 (41 grants) |
| 2023 | $1,157,205 | $56,886 | $114,260 | $88,712 (36 grants) |
| Metric | 2026 | 2025 | 2024 |
|---|---|---|---|
| Total Assets | $1,202,401 | $1,115,153 | $1,144,346 |
| Revenue | $195,296 | $78,080 | $97,874 |
| Expenses | $111,888 | $108,773 | $115,395 |
| Qualifying Distributions | $91,224 | $88,061 | $94,667 |
| Net Investment Income | $175,444 | $58,448 | $77,714 |
| Distributable Amount | $95,649 | $91,338 | $89,356 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 10, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Leadership team and compensation from IRS filings
First Mid Wealth Management is listed as trustee on the 2025 filing.
Anna B Welch Memorial Trust's only listed officer is First MID Wealth Management, Trustee on every filing since 2020 (compensated).
Officers on the 2026 filing
First MID Wealth Management
Trustee
On filings since 2020
3 hrs/week
$17K (2020) → $17K (2026)
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $17K, to First Mid Wealth Management (Trustee).
Contact
Application contact: First Mid Wealth Management
Mailing address: PO Box 529, Mattoon, IL 61938
Phone: (217) 234-7454
Frequently asked questions about Anna B Welch Memorial Trust
How much does Anna B Welch Memorial Trust give each year?
Anna B Welch Memorial Trust gave $84K across 36 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $81K across 27 grants.
What is Anna B Welch Memorial Trust's typical grant size?
Anna B Welch Memorial Trust's median grant in 2026 was $2,340, and its average grant was $2,340, across 36 grants on its 2026 IRS Form 990-PF. Organizations receiving their first grant from Anna B Welch Memorial Trust that year got $2K on average.
Where does Anna B Welch Memorial Trust give grants?
Anna B Welch Memorial Trust gives mostly in Illinois: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Mattoon, IL (18 grants), Charleston, IL (7 grants), Humboldt, IL (3 grants) and Lerna, IL (2 grants).
Does Anna B Welch Memorial Trust give general operating support?
Not in 2026: none of the 36 grants with a stated purpose on Anna B Welch Memorial Trust's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Further Higher Education" (36 grants).
Who are Anna B Welch Memorial Trust's largest grantees?
Anna B Welch Memorial Trust's largest 2026 grantees include Abigail Becker ($2,340), Alexandra Walsh ($2,340) and Stephanie Hurt ($2,340), according to its 2026 IRS Form 990-PF. Together they received 8% of its itemized 2026 grant dollars.
How large is Anna B Welch Memorial Trust?
Anna B Welch Memorial Trust reported $1.2M in total assets on its 2026 IRS Form 990-PF. It paid out $91K in qualifying distributions that year, against a required minimum of $96K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
How do I apply for a grant from Anna B Welch Memorial Trust?
The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Anna B Welch Memorial Trust's EIN?
Anna B Welch Memorial Trust's EIN (Employer Identification Number) is 37-6284353. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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