First Midwest Charitable Foundation

CHICAGO, IL EIN: 05-0545258

First Midwest Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2022. In 2022, it awarded 3 grants totaling $22.1M. Net investment income was $112K.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$22.1M

+2110.0% YoY

Grant Count

+200.0% YoY

Avg Grant Size

$7.4M

+636.7% YoY

Under IRS private-foundation payout rules, First Midwest Charitable Foundation reported a distributable amount of $626K for 2022 — the minimum it must pay out in qualifying distributions.

About First Midwest Charitable Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $22.0M (89%)

Illinois $2.7M (11%)

States

Illinois Indiana

Cities

ChicagoEvansville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	—	$7,031,802	$7,134,310
Revenue	$15,068,387	$900,507	$1,843,965
Expenses	$22,100,189	$1,003,015	$1,635,015
Qualifying Distributions	$22,099,721	$1,000,015	—
Net Investment Income	$111,743	$897,507	$820,465
Distributable Amount	$626,423	$370,650	$369,715

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2022

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include Old National Bank Foundation Inc ($21,997,714), DePaul University ($100,000), Boys and Girls Clubs of Chicago ($2,007).

Recipient	Purpose	Amount
DePaul University Chicago, IL	Keeley Center Support	$100,000
Boys and Girls Clubs of Chicago Chicago, IL	Support for Individuals	$2,007
Old National Bank Foundation Inc Evansville, IN	Program Support	$21,997,714

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
Michael L Scudder	President	1	—
Corliss Garner	VP & Secretary	1	—
Carmela Davis	Treasurer	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is First Midwest Charitable Foundation?

First Midwest Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds — in total assets as of 2022.

Where does First Midwest Charitable Foundation operate?

First Midwest Charitable Foundation has awarded grants in Illinois, Indiana.

What size grants does First Midwest Charitable Foundation award?

In 2022, First Midwest Charitable Foundation awarded 3 grants totaling $22.1M — an average of about $7.4M per grant, based on its IRS Form 990 filings.

How much is First Midwest Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, First Midwest Charitable Foundation reported a distributable amount of $626K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is First Midwest Charitable Foundation's EIN?

First Midwest Charitable Foundation's EIN (Employer Identification Number) is 05-0545258. IRS Form 990 filing data is available on this page for 2020–2022.