Anna B Welch Memorial Trust
The Anna B Welch Memorial Trust is a private foundation based in Mattoon, Illinois. Its 2026 filing lists grants to individual recipients for higher education; all reported grant dollars went to recipients in Illinois.
Anna B Welch Memorial Trust at a glance
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.
- Annual giving (2026)
- $84,240
- +4.0% vs 2025
- Grants made (2026)
- 36
- +33.3% vs 2025
- Average grant
- $2,340
- -22.0% vs 2025
- Median grant
- $2,340
- Total assets
- $1,202,401
- +7.8% vs 2025
- New grantees (estimate)
- 64% first-time grantees (23 of 36, 2026)
- Primary geography
- Illinois (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Anna B Welch Memorial Trust
- How to Apply
-
The 2025 filing says the foundation does not restrict giving to preselected organizations. It lists First Mid Wealth Management as the contact and says an application is available on request. Restrictions on awards are described in General Explanation, Statement 9.
- Review Cycle
- April 15, as stated on the 2025 filing. This date is past for the 2025 application cycle.
- Deadline
- April 15, as stated on the 2025 filing.
- Contact
Application contact: First Mid Wealth Management
Mailing address: PO Box 529, Mattoon, IL 61938
Phone: (217) 234-7454
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Anna B Welch Memorial Trust funds
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%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for filing year 2026 went to recipients in Illinois.
Grant Distribution by State
Share of 2026 grant dollars across all 36 itemized grants.
Cities
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.
Giving History
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.
Grants by year
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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,202,401 | $195,296 | $111,888 | $84,240 | 36 | $91,224 | $175,444 | $95,649 |
| 2025 | $1,115,153 | $78,080 | $108,773 | $81,000 | 27 | $88,061 | $58,448 | $91,338 |
| 2024 | $1,144,346 | $97,874 | $115,395 | $87,986 | 41 | $94,667 | $77,714 | $89,356 |
| 2023 | $1,157,205 | $56,886 | $114,260 | $88,712 | 36 | $94,981 | $40,860 | $92,690 |
| 2022 | $1,211,948 | $86,279 | $127,579 | $93,432 | 67 | $100,829 | $60,145 | $104,804 |
| 2021 | $1,243,845 | $74,007 | $125,043 | $88,056 | 72 | — | $44,302 | $92,388 |
| 2020 | $1,290,882 | $66,398 | $133,872 | $90,320 | 78 | — | $33,707 | $91,876 |
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.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Grantmaking
In filing year 2026, the trust awarded 36 grants totaling $84,240. Each reported grant was $2,340. The listed grants were to individual recipients, with purposes described as furthering higher education. In filing year 2025, the trust awarded 27 grants totaling $81,000; in 2024, it awarded 41 grants totaling $87,986.
Leadership & Key People
Leadership team and compensation from IRS filings
First Mid Wealth Management is listed as trustee on the 2026 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).
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 2025 filing says 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 October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(2)
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
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