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 2025. As of 2025, the organization holds $448K in total assets. In 2025, it awarded 8 grants totaling $40K. Net investment income was $45K.
Betts George V & Cora Trust #113 co First State Bank and Trust at a glance
In short: Betts George V & Cora Trust #113 co First State Bank and Trust gave $40K across 8 grants in 2025 (avg $5K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $39,600
- -19.8% vs 2024
- Grants made (2025)
- 8
- +0.0% vs 2024
- Average grant
- $4,950
- -19.8% vs 2024
- Median grant
- $3,600
- Total assets
- $448,440
- +0.7% vs 2024
- Primary geography
- Illinois (73% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Betts George V & Cora Trust #113 co First State Bank and Trust funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Southern Illinois University ($7K). Together the top 8 received $40K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 37 grants of 37 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Betts George V & Cora Trust #113 co First State Bank and Trust gives
- Giving grew 24% from 2022 to 2025. Method
- In 2025 it paid out 147% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $23K (2021) to $49K (2024). In 2025 it made 8 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Southern Illinois University Carbondale, IL | Scholarships | $7,200 |
| University of Illinois Urbana, IL | Scholarships | $7,200 |
| Parkland College Champaign, IL | Scholarships | $7,200 |
| Aurora University Aurora, IL | Scholarships | $3,600 |
| Ball State University Muncie, IN | Scholarships | $3,600 |
| Millikin University Decatur, IL | Scholarships | $3,600 |
| Bethel University St. Paul, MN | Scholarships | $3,600 |
| Missouri State University Springfield, MO | Scholarships | $3,600 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $448,440 | $56,805 | $53,623 | $39,600 | 8 | $40,889 | $44,557 | $27,793 |
| 2024 | $445,207 | $59,526 | $63,163 | $49,400 | 8 | $50,740 | $47,951 | $32,206 |
| 2023 | $448,871 | $70,415 | $55,059 | $40,000 | 7 | $41,773 | $57,811 | $30,915 |
| 2022 | $433,383 | $68,951 | $48,206 | $32,000 | 6 | $33,198 | $57,114 | $30,836 |
| 2021 | $412,968 | $74,727 | $49,561 | $23,000 | 8 | $23,656 | $65,185 | $30,216 |
| 2020 | $387,988 | $43,773 | $59,854 | $30,800 | 11 | — | $35,012 | $29,911 |
Under IRS private-foundation payout rules, Betts George V & Cora Trust #113 co First State Bank and Trust reported a distributable amount of $28K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Betts George V & Cora Trust #113 co First State Bank and Trust's only listed officer is First State Bank AND Trust, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
First State Bank AND Trust
Trustee
On filings since 2022
1 hr/week
$5K (2022) → $3K (2025)
Former officers (1)
- Former: First State Bank Of Monticello (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $3K, to First State Bank and Trust (Trustee).
Frequently asked questions about Betts George V & Cora Trust #113 co First State Bank and Trust
How much does Betts George V & Cora Trust #113 co First State Bank and Trust give each year?
Betts George V & Cora Trust #113 co First State Bank and Trust gave $40K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $49K across 8 grants.
What is Betts George V & Cora Trust #113 co First State Bank and Trust's typical grant size?
Betts George V & Cora Trust #113 co First State Bank and Trust's median grant in 2025 was $3,600, and its average grant was $4,950, across 8 grants on its 2025 IRS Form 990-PF.
Where does Betts George V & Cora Trust #113 co First State Bank and Trust give grants?
Betts George V & Cora Trust #113 co First State Bank and Trust gives mostly in Illinois: 73% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Indiana (9%) and Minnesota (9%).
Does Betts George V & Cora Trust #113 co First State Bank and Trust give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Betts George V & Cora Trust #113 co First State Bank and Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (8 grants).
Who are Betts George V & Cora Trust #113 co First State Bank and Trust's largest grantees?
Betts George V & Cora Trust #113 co First State Bank and Trust's largest 2025 grantees include Southern Illinois University ($7,200), University of Illinois ($7,200) and Parkland College ($7,200), according to its 2025 IRS Form 990-PF. Together they received 55% of its itemized 2025 grant dollars.
How large 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 reported $448K in total assets on its 2025 IRS Form 990-PF. It paid out $41K in qualifying distributions that year, against a required minimum of $28K (roughly 5% of its investment assets).
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 $448K in total assets as of 2025.
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 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 5, 2025)
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