Carrie L Winter Trust Under Will
CARRIE L WINTER TRUST UNDER WILL is a private foundation based in Olney, Illinois. Its awards are restricted to youth of Richland County, Illinois, under the decedent’s will.
Key facts about Carrie L Winter Trust Under Will
In short: Carrie L Winter Trust Under Will gave $150K across 33 grants in 2025 (avg $5K), mostly in Illinois. 50% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 37-6243151
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $150,091
- Grants made (2025)
- 33
- Average grant
- $4,548
- Median grant
- $4,000
- New grantees (estimate)
- 50% first-time grantees (16 of 32, 2025)
- Total assets
- $737,086
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- How to apply
- Submit a written request to First National Bank in Olney Trust; no form is required. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$737K
-3.8% YoY
Annual Giving
$150K
+4.2% YoY
Grant Count
33
-2.9% YoY
Avg Grant Size
$5K
+7.3% YoY
Under IRS private-foundation payout rules, Carrie L Winter Trust Under Will reported a distributable amount of $170K for 2025 — the minimum it must pay out in qualifying distributions.
Is Carrie L Winter Trust Under Will open to new grantees?
50%
first-time grantees, 2025
In 2025, 16 of 32 grantees (50%) were first-time recipients. First grants averaged $4K; repeat grants $5K. How we count
Medians: $4K first-time, $4K repeat.
- 38% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−9%). Method
- In 2025 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included support for a backpack program, a STEM lab and learning space, youth sports, a children’s clothing and supplies program, 4-H programming, and a summer camp for children with disabilities.
Among the supported organizations, Community Support Systems describes its mission as “enhancing opportunities to live, learn, work, and play.” Mentor Richland County says it provides children facing adversity with professionally supported one-to-one relationships. Girl Scouts of Southern Illinois describes its mission as building girls of courage, confidence, and character. These are the grantees’ own descriptions of their missions.
Grantmaking
In 2024, the foundation made 34 grants totaling $144,059. Grants ranged from $500 to $15,500, with a median grant of $3,258.
Review Cycle
is listed.
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Geographic Focus
Where this funder awards grants
The foundation is based in Olney, Illinois. All grant dollars in 2024 went to recipients in Illinois, and the stated award restriction is youth of Richland County, Illinois.
Grant Distribution by State
Share of 2025 grant dollars across all 33 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $135K (2021) to $165K (2022). In 2025 it made 33 grants totaling $150K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was The Master's Hands Inc ($16K). Together the top 10 received $84K.
Grant Size Distribution
149 grants across all recorded years
The most common grant size was under $50K: 149 grants of 149 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Master's Hands Inc Olney, IL | Wkend Backpack/Tiger Takeout/Supplie | $16,000 |
| Scouts BSA Troop 211B Olney, IL | 2025 Summer Camp Fees | $11,000 |
| Olney Tigersharks Olney, IL | Lane Lines and Lane Reels | $10,000 |
| The O2 Youth Center Olney, IL | Game Room | $8,500 |
| Project Community Olney, IL | Harmony Park | $8,150 |
| Blaze Orange Youth Sporting Club Olney, IL | Event Entry Fees | $7,000 |
| Olney Arts Counsil Olney, IL | Grass Roots Cultural Program | $6,500 |
| Olney Public Library Olney, IL | 2025 Summer Reading/One BK One Comm | $6,000 |
| Richland County 4-H Foundation Olney, IL | Annual Programming | $6,000 |
| Mentor Richland County Olney, IL | Youth Mentoring Program | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant total | Grant count |
|---|---|---|---|---|---|
| 2024 | $765,837 | $112,820 | $211,040 | $144,059 | 34 |
| 2023 | $855,601 | $138,754 | $219,214 | $148,063 | 32 |
| 2022 | $925,624 | $168,947 | $229,593 | $165,393 | 27 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $737,086 | $765,837 | $855,601 |
| Revenue | $188,122 | $112,820 | $138,754 |
| Expenses | $223,393 | $211,040 | $219,214 |
| Qualifying Distributions | $181,206 | $171,257 | $177,859 |
| Net Investment Income | $147,535 | $76,705 | $100,857 |
| Distributable Amount | $169,588 | $174,413 | $177,393 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
First National Bank in Olney is listed as trustee.
Carrie L Winter Trust Under Will's only listed officer is First National Bank IN Olney, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
First National Bank IN Olney
Trustee
On filings since 2020
5 hrs/week
$29K (2020) → $33K (2025)
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 $33K, to First National Bank in Olney (Trustee).
Contact
Application contact: First National Bank In Olney Trust
Mailing address: PO Box 100, Olney, IL 62450
Phone: (618) 395-8541
Frequently asked questions about Carrie L Winter Trust Under Will
How much does Carrie L Winter Trust Under Will give each year?
Carrie L Winter Trust Under Will gave $150K across 33 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $144K across 34 grants.
What is Carrie L Winter Trust Under Will's typical grant size?
Carrie L Winter Trust Under Will's median grant in 2025 was $4,000, and its average grant was $4,548, across 33 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Carrie L Winter Trust Under Will that year got $4K on average.
Where does Carrie L Winter Trust Under Will give grants?
Carrie L Winter Trust Under Will 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 Olney, IL (31 grants).
Does Carrie L Winter Trust Under Will give general operating support?
Not in 2025: none of the 33 grants with a stated purpose on Carrie L Winter Trust Under Will's 2025 IRS Form 990-PF were described as general or operating support.
Who are Carrie L Winter Trust Under Will's largest grantees?
Carrie L Winter Trust Under Will's largest 2025 grantees include The Master's Hands Inc ($16,000), Scouts BSA Troop 211B ($11,000) and Olney Tigersharks ($10,000), according to its 2025 IRS Form 990-PF. Together they received 25% of its itemized 2025 grant dollars.
How large is Carrie L Winter Trust Under Will?
Carrie L Winter Trust Under Will reported $737K in total assets on its 2025 IRS Form 990-PF. It paid out $181K in qualifying distributions that year, against a required minimum of $170K (roughly 5% of its investment assets).
What does Carrie L Winter Trust Under Will fund?
No mission statement for the foundation is provided. Its 2024 grants included support for a backpack program, a STEM lab and learning space, youth sports, a children’s clothing and supplies program, 4-H programming, and a summer camp for children with disabilities. See mission & focus areas ↑
How do I apply for a grant from Carrie L Winter Trust Under Will?
Submit a written request to First National Bank in Olney Trust; no form is required. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Carrie L Winter Trust Under Will's EIN?
Carrie L Winter Trust Under Will's EIN (Employer Identification Number) is 37-6243151. 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. Research dossier generated September 2026.
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