First Mid Bancshares Inc
First Mid Bancshares Inc is a private foundation based in Mattoon, Illinois. Its 2025 filing reports 15 grants totaling $332,333, all to recipients in Illinois, with stated purposes of unrestricted gifts.
First Mid Bancshares Inc at a glance
In short: First Mid Bancshares Inc gave $332K across 15 grants in 2025 (avg $22K), mostly in Illinois. 73% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $332,333
- -24.0% vs 2024
- Grants made (2025)
- 15
- +36.4% vs 2024
- Average grant
- $22,156
- -44.3% vs 2024
- Median grant
- $1,000
- Total assets
- $592,595
- -2.9% vs 2024
- New grantees (estimate)
- 73% first-time grantees (11 of 15, 2025; small sample)
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to First Mid Bancshares Inc
- How to Apply
-
The filing instructs applicants to submit a letter of application describing the organization and purpose of the grant. Awards are limited to religious, charitable, scientific, literary, or educational purposes within the meaning of 501(c)(3) in the United States. The filing lists no deadline.
- Contact
Application contact: Joseph R Dively
Mailing address: PO Box 499, Mattoon, IL 61938
Phone: (217) 234-7454
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who First Mid Bancshares Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Mattoon Sports Complex Inc ($250K). Together the top 10 received $327K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 35 grants of 45 (78%).
Geographic Focus
Where this funder awards grants
All reported grant dollars in 2025 went to recipients in Illinois. The filing’s award restrictions refer to eligible purposes within the United States.
Grant Distribution by State
Share of 2025 grant dollars across all 15 itemized grants.
Cities
Is First Mid Bancshares Inc open to new grantees?
73%
first-time grantees, 2025
In 2025, 11 of 15 grantees (73%) were first-time recipients. With only 15 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $4K; repeat grants $73K. How we count
Medians: $1K first-time, $18K repeat.
- 13% of 2025 grantees were also funded in 2024. Method
- Giving grew 80% from 2022 to 2025. Method
- In 2025 it paid out 989% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $185K (2022) to $623K (2023). In 2025 it made 15 grants totaling $332K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mattoon Sports Complex Inc Mattoon, IL | Unrestricted Gift | $250,000 |
| Sarah Bush Lincoln Health Foundation Mattoon, IL | Unrestricted Gift | $25,000 |
| Stateline Boys & Girls Clubs South Beloit, IL | Unrestricted Gift | $20,000 |
| Illinois Amish Heritage Center Arthur, IL | Unrestricted Gift | $10,000 |
| Charleston Food Pantry Charleston, IL | Unrestricted Gift | $10,000 |
| St Johns Church & School Mattoon, IL | Unrestricted Gift | $8,333 |
| Catholic Charities Mattoon, IL | Unrestricted Gift | $1,000 |
| St Vincent De Paul Mattoon, IL | Unrestricted Gift | $1,000 |
| Glen Ed Pantry Edwardsville, IL | Unrestricted Gift | $1,000 |
| Mattoon Community Food Pantry Mattoon, IL | Unrestricted Gift | $1,000 |
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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 | $592,595 | $324,357 | $341,808 | $332,333 | 15 | $335,666 | $21,815 | $33,944 |
| 2024 | $610,046 | $626,613 | $452,095 | $437,333 | 11 | $441,959 | $26,371 | $38,587 |
| 2023 | $435,528 | $-17,465 | $633,830 | $622,500 | 8 | $626,247 | $14,200 | $27,732 |
| 2022 | $1,086,823 | $918,620 | $198,178 | $185,000 | 5 | $189,172 | $40,095 | $43,646 |
| 2021 | $366,381 | $160,117 | $208,976 | $200,500 | 6 | $203,285 | $34,576 | $23,921 |
| 2020 | $415,240 | $-14,365 | $336,710 | $328,500 | 4 | — | $10,814 | $25,646 |
Under IRS private-foundation payout rules, First Mid Bancshares Inc reported a distributable amount of $34K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants went to organizations whose stated work includes developing a sports complex, supporting health care services, and providing food or other assistance. For example, Mattoon Sports Complex Inc says its mission is to develop, finance, and operate an indoor and outdoor sports complex in a blighted area of Mattoon. Sarah Bush Lincoln Health Foundation says its distributions support and encourage health care services for Sarah Bush Lincoln Health Center. St Vincent de Paul says it helps people who are poor or homeless with food and assistance for shelter, utilities, medical expenses, and transportation.
Grantmaking
In 2025, the foundation reported 15 grants totaling $332,333. Grant amounts ranged from $1,000 to $250,000, with a median of $1,000. The largest grants included $250,000 to Mattoon Sports Complex Inc, $25,000 to Sarah Bush Lincoln Health Foundation, $20,000 to Stateline Boys & Girls Clubs, and $10,000 each to Illinois Amish Heritage Center and Charleston Food Pantry. The stated purpose for these grants was an unrestricted gift.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists First Mid Wealth Management Company as trustee.
First Mid Bancshares Inc's only listed officer is First MID Wealth Management Company, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
First MID Wealth Management Company
Trustee
On filings since 2020
1 hr/week
$6K (2020) → $7K (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 $7K, to First Mid Wealth Management Company (Trustee).
Frequently asked questions about First Mid Bancshares Inc
How much does First Mid Bancshares Inc give each year?
First Mid Bancshares Inc gave $332K across 15 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $437K across 11 grants.
What is First Mid Bancshares Inc's typical grant size?
First Mid Bancshares Inc's median grant in 2025 was $1,000, and its average grant was $22,156, across 15 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from First Mid Bancshares Inc that year got $4K on average.
Where does First Mid Bancshares Inc give grants?
First Mid Bancshares Inc 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 Mattoon, IL (8 grants).
Does First Mid Bancshares Inc give general operating support?
Yes: 100% of First Mid Bancshares Inc's 2025 grants with a stated purpose (15 of 15) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are First Mid Bancshares Inc's largest grantees?
First Mid Bancshares Inc's largest 2025 grantees include Mattoon Sports Complex Inc ($250,000), Sarah Bush Lincoln Health Foundation ($25,000) and Stateline Boys & Girls Clubs ($20,000), according to its 2025 IRS Form 990-PF. Together they received 89% of its itemized 2025 grant dollars.
How large is First Mid Bancshares Inc?
First Mid Bancshares Inc reported $593K in total assets on its 2025 IRS Form 990-PF. It paid out $336K in qualifying distributions that year, against a required minimum of $34K (roughly 5% of its investment assets).
What does First Mid Bancshares Inc fund?
No mission statement for the foundation is provided. Its 2025 grants went to organizations whose stated work includes developing a sports complex, supporting health care services, and providing food or other assistance. See mission & focus areas ↑
How do I apply for a grant from First Mid Bancshares Inc?
The filing instructs applicants to submit a letter of application describing the organization and purpose of the grant. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is First Mid Bancshares Inc's EIN?
First Mid Bancshares Inc's EIN (Employer Identification Number) is 37-1339718. 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. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
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Cite this profile
Grantable. (2026). First Mid Bancshares Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/first-mid-bancshares-inc-morg_4109201d9aed409f853589f239c6a108
BibTeX
@misc{grantable_371339718_2026,
author = {{Grantable}},
title = {{First Mid Bancshares Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/first-mid-bancshares-inc-morg_4109201d9aed409f853589f239c6a108},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from First Mid Bancshares Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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