Betts George V & Cora Trust #113 co First State Bank and Trust
Betts George V & Cora Trust #113 co First State Bank and Trust is a private foundation focused on Education, based in MONTICELLO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $445K in total assets. In 2024, it awarded 8 grants totaling $49K. Net investment income was $48K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$445K
-0.8% YoY
Annual Giving
$49K
+23.5% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$6K
+8.1% YoY
Under IRS private-foundation payout rules, Betts George V & Cora Trust #113 co First State Bank and Trust reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.
About Betts George V & Cora Trust #113 co First State Bank and Trust
Based on IRS filings
Betts George V & Cora Trust #113 co First State Bank and Trust is a private foundation focused on Education, based in MONTICELLO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $445K in total assets. In 2024, it awarded 8 grants totaling $49K. Net investment income was $48K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $445,207 | $448,871 | $433,383 |
| Revenue | $59,526 | $70,415 | $68,951 |
| Expenses | $63,163 | $55,059 | $48,206 |
| Qualifying Distributions | $50,740 | $41,773 | $33,198 |
| Net Investment Income | $47,951 | $57,811 | $57,114 |
| Distributable Amount | $32,206 | $30,915 | $30,836 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Southern Illinois University ($11,400), University of Illinois ($11,400), Eastern Illinois University ($7,600).
| Recipient | Purpose | Amount |
|---|---|---|
| SOUTHERN ILLINOIS UNIVERSITY CARBONDALE, IL | SCHOLARSHIPS | $11,400 |
| UNIVERSITY OF ILLINOIS URBANA, IL | SCHOLARSHIPS | $11,400 |
| EASTERN ILLINOIS UNIVERSITY CHARLESTON, IL | SCHOLARSHIPS | $7,600 |
| MILLIKIN UNIVERSITY DECATUR, IL | SCHOLARSHIPS | $3,800 |
| BALL STATE UNIVERSITY MUNCIE, IN | SCHOLARSHIPS | $3,800 |
| ILLINOIS STATE UNIVERSITY NORMAL, IL | SCHOLARSHIPS | $3,800 |
| BETHEL UNIVERSITY ST PAUL, MN | SCHOLARSHIPS | $3,800 |
| MISSOURI STATE UNIVERSITY SPRINGFIELD, MO | SCHOLARSHIPS | $3,800 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Betts George V & Cora Trust #113 co First State Bank and Trust?
Betts George V & Cora Trust #113 co First State Bank and Trust is a private foundation focused on Education, based in MONTICELLO, IL. It holds $445K in total assets as of 2024.
How large is Betts George V & Cora Trust #113 co First State Bank and Trust?
As of 2024, Betts George V & Cora Trust #113 co First State Bank and Trust holds $445K in total assets with $60K in annual revenue. It awarded 8 grants totaling $49K in 2024.
Where does Betts George V & Cora Trust #113 co First State Bank and Trust operate?
Betts George V & Cora Trust #113 co First State Bank and Trust has awarded grants in Illinois, Indiana, Kentucky, Minnesota, Missouri, Tennessee.
What size grants does Betts George V & Cora Trust #113 co First State Bank and Trust award?
In 2024, Betts George V & Cora Trust #113 co First State Bank and Trust awarded 8 grants totaling $49K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Betts George V & Cora Trust #113 co First State Bank and Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Betts George V & Cora Trust #113 co First State Bank and Trust reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Betts George V & Cora Trust #113 co First State Bank and Trust's EIN?
Betts George V & Cora Trust #113 co First State Bank and Trust's EIN (Employer Identification Number) is 37-6267420. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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