Bushnell Arts Foundation

Private foundation · Grantmaker Bushnell, IL EIN: 36-3151919

Bushnell Arts Foundation is a private foundation focused on Education, based in Bushnell, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $284K in total assets. In 2025, it awarded 7 grants totaling $8K. Net investment income was $49K.

Key facts about Bushnell Arts Foundation

In short: Bushnell Arts Foundation gave $8K across 7 grants in 2025 (avg $1K), mostly in Illinois. Source: 2025 IRS Form 990-PF.

EIN
36-3151919
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$7,606
Grants made (2025)
7
Average grant
$1,087
Median grant
$350
Total assets
$284,278
Primary geography
Illinois (100% of itemized 2025 grant dollars)

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

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$284K

+15.3% YoY

Annual Giving

$8K

+31.9% YoY

Grant Count

7

+75.0% YoY

Avg Grant Size

$1K

-24.6% YoY

Under IRS private-foundation payout rules, Bushnell Arts Foundation reported a distributable amount of $17K for 2025 — the minimum it must pay out in qualifying distributions.

How Bushnell Arts Foundation gives

  • Giving fell 33% from 2022 to 2025. Method
  • In 2025 it paid out 65% 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

2states

Share of 2025 grant dollars across all 7 itemized grants.

Cities

BushnellMacombCantonGalesburgDekalbEast PeoriaElizabethtownJacksonvilleMonmouth

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K3 grants2020 6 grants2021 6 grants2022 6 grants2023 4 grants2024 7 grants2025

From 2020 to 2025, annual grant giving ranged from $6K (2024) to $12K (2021). In 2025 it made 7 grants totaling $8K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

Bushnell-Prairie City Schools: $5KBushnell-Prairie City Schools$5KCindys Landscaping: $776Cindys Landscaping$776Carl Sandburg College: $350Carl Sandburg College$350Monmouth College: $350Monmouth College$350Illionis Central College: $350Illionis Central College$350Nortern Illinois University: $350Nortern Illinois University$350

The largest 2025 recipient was Bushnell-Prairie City Schools ($5K). Together the top 6 received $8K.

Organizations only. It also paid 1 individual scholarship ($100), which are not listed by name.

Grant Size Distribution

29 grants across all recorded years

29<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 29 grants of 29 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Bushnell-Prairie City Schools Bushnell, ILTheater Arts Related$5,330
Cindys Landscaping Bushnell, ILArt Related$776
Carl Sandburg College Bushnell, ILArts Related$350
Monmouth College Monmouth, ILScholarship$350
Illionis Central College East Peoria, ILScholarship$350
Nortern Illinois University Dekalb, ILScholarship$350
1 individual scholarship Recipients not named —$100

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$284,278$246,654$256,060
Revenue$49,846$4,439$28,712
Expenses$12,224$13,844$17,466
Qualifying Distributions$11,219$11,531$8,134
Net Investment Income$48,874$2,381$18,355
Distributable Amount$17,142$16,110$14,692

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Bushnell Arts Foundation is led by Eileen N. Rauschert, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Eileen N. Rauschert

    President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Farmers AND Merchants State Bank

    Trustee

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Joellen Pensinger

    Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

  • Martha Sweney

    Officer

    On filings since 2021

    1 hr/week

    No compensation reported

Former officers (2)
  • Former: Farmers Merchants State Bank (2021–2024) — Trustee
  • Former: John Lawson (2020) — Treasurer

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.

Frequently asked questions about Bushnell Arts Foundation

How much does Bushnell Arts Foundation give each year?

Bushnell Arts Foundation gave $8K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $6K across 4 grants.

What is Bushnell Arts Foundation's typical grant size?

Bushnell Arts Foundation's median grant in 2025 was $350, and its average grant was $1,087, across 7 grants on its 2025 IRS Form 990-PF.

Where does Bushnell Arts Foundation give grants?

Bushnell Arts Foundation gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Bushnell, IL (3 grants).

Does Bushnell Arts Foundation give general operating support?

Not in 2025: none of the 7 grants with a stated purpose on Bushnell Arts Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (4 grants).

Who are Bushnell Arts Foundation's largest grantees?

Bushnell Arts Foundation's largest 2025 grantees include Bushnell-Prairie City Schools ($5,330), Cindys Landscaping ($776) and Carl Sandburg College ($350), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($100), which are not listed by name. Together they received 85% of its itemized 2025 grant dollars.

How large is Bushnell Arts Foundation?

Bushnell Arts Foundation reported $284K in total assets on its 2025 IRS Form 990-PF. It paid out $11K in qualifying distributions that year, against a required minimum of $17K (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 Bushnell Arts Foundation?

Bushnell Arts Foundation is a private foundation focused on Education, based in Bushnell, IL. It holds $284K in total assets as of 2025.

What is Bushnell Arts Foundation's EIN?

Bushnell Arts Foundation's EIN (Employer Identification Number) is 36-3151919. IRS Form 990 filing data is available on this page for 2020–2025.

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

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