Arthur F & Margaret P Heath Trust Scholarship

Private foundation · Grantmaker Litchfield, IL EIN: 37-6379182

Arthur F & Margaret P Heath Trust Scholarship is a private foundation, based in Litchfield, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $104K in total assets. In 2025, it awarded 5 grants totaling $6K. Net investment income was $4K.

Key facts about Arthur F & Margaret P Heath Trust Scholarship

In short: Arthur F & Margaret P Heath Trust Scholarship gave $6K across 5 grants in 2025 (avg $1K), mostly in Illinois. Source: 2025 IRS Form 990-PF.

EIN
37-6379182
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$6,320
Grants made (2025)
5
Average grant
$1,264
Median grant
$1,264
Total assets
$103,963
Primary geography
Illinois (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$104K

-2.6% YoY

Annual Giving

$6K

+7.1% YoY

Grant Count

5

-37.5% YoY

Avg Grant Size

$1K

+71.4% YoY

Under IRS private-foundation payout rules, Arthur F & Margaret P Heath Trust Scholarship reported a distributable amount of $7K for 2025 — the minimum it must pay out in qualifying distributions.

How Arthur F & Margaret P Heath Trust Scholarship gives

  • Giving grew 112% from 2022 to 2025. Method
  • In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 5 itemized grants.

States

Cities

HillsboroLitchfieldMount OliveRaymond

Giving Over Time

Total grant dollars and number of grants per year

$0$2K$4K$6K$8K8 grants2019 8 grants2020 8 grants2021 6 grants2022 8 grants2023 8 grants2024 5 grants2025

From 2019 to 2025, annual grant giving ranged from $3K (2022) to $6K (2025). In 2025 it made 5 grants totaling $6K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

35 grants across all recorded years

35<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 35 grants of 35 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
5 individual scholarships Recipients not named —$6,320

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10K$20K$30K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$103,963$106,764$109,959
Revenue$5,110$4,268$396
Expenses$7,911$7,463$7,619
Qualifying Distributions$6,320$5,900$6,190
Net Investment Income$3,564$3,217$3,392
Distributable Amount$6,578$6,133$5,957

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS April 20, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 3, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 21, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 26, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 28, 2025)

Leadership & Key People

Officers and directors from IRS filings

Arthur F & Margaret P Heath Trust Scholarship's only listed officer is Bank Trust Company, Trustee on the 2025 filing (uncompensated).

Officers on the 2025 filing

  • Bank Trust Company

    Trustee

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (2)
  • Former: Bank and Trust Co 2 Institu (2020–2024) — Trustee
  • Former: Bank AND Trust 2 Institu (2019) — Trustee

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Arthur F & Margaret P Heath Trust Scholarship

How much does Arthur F & Margaret P Heath Trust Scholarship give each year?

Arthur F & Margaret P Heath Trust Scholarship gave $6K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $6K across 8 grants.

What is Arthur F & Margaret P Heath Trust Scholarship's typical grant size?

Arthur F & Margaret P Heath Trust Scholarship's median grant in 2025 was $1,264, and its average grant was $1,264, across 5 grants on its 2025 IRS Form 990-PF.

Where does Arthur F & Margaret P Heath Trust Scholarship give grants?

Arthur F & Margaret P Heath Trust Scholarship gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.

Does Arthur F & Margaret P Heath Trust Scholarship give general operating support?

Not in 2025: none of the 5 grants with a stated purpose on Arthur F & Margaret P Heath Trust Scholarship's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (5 grants).

How large is Arthur F & Margaret P Heath Trust Scholarship?

Arthur F & Margaret P Heath Trust Scholarship reported $104K in total assets on its 2025 IRS Form 990-PF. It paid out $6K in qualifying distributions that year, against a required minimum of $7K (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.

What is Arthur F & Margaret P Heath Trust Scholarship's EIN?

Arthur F & Margaret P Heath Trust Scholarship's EIN (Employer Identification Number) is 37-6379182. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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