First Midwest Charitable Foundation
First Midwest Charitable Foundation is a private foundation, 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.
First Midwest Charitable Foundation at a glance
In short: First Midwest Charitable Foundation gave $22.1M across 3 grants in 2022 (avg $7.4M), mostly in Indiana. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $22,099,721
- +2110.0% vs 2021
- Grants made (2022)
- 3
- +200.0% vs 2021
- Average grant
- $7,366,574
- +636.7% vs 2021
- Median grant
- $100,000
- Primary geography
- Indiana (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who First Midwest Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2022
The largest 2022 recipient was DePaul University ($100K). Together the top 2 received $102K.
Organizations only. It also paid 1 grant to individuals ($21,997,714), which are not listed by name.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 2 grants of 5 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 3 itemized grants.
Cities
How First Midwest Charitable Foundation gives
- In 2022 it paid out well above 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 2022, annual grant giving ranged from $1.0M (2021) to $22.1M (2022). In 2022 it made 3 grants totaling $22.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $21,997,714 |
| DePaul University Chicago, IL | Keeley Center Support | $100,000 |
| Boys and Girls Clubs of Chicago Chicago, IL | Support for Individuals | $2,007 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2022 | — | $15,068,387 | $22,100,189 | $22,099,721 | 3 | $22,099,721 | $111,743 | $626,423 |
| 2021 | $7,031,802 | $900,507 | $1,003,015 | $1,000,000 | 1 | $1,000,015 | $897,507 | $370,650 |
| 2020 | $7,134,310 | $1,843,965 | $1,635,015 | $1,611,500 | 1 | — | $820,465 | $369,715 |
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.
Leadership & Key People
Officers and directors from IRS filings
First Midwest Charitable Foundation is led by Michael L Scudder, President on every filing since 2020; none of the 3 officers listed in 2022 report compensation.
Officers on the 2022 filing
Michael L Scudder
President
On filings since 2020
1 hr/week
No compensation reported
Corliss Garner
Vice President & Secretary
Secretary → Vice President & Secretary, 2021
On filings since 2020
1 hr/week
No compensation reported
Carmela Davis
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: Heidi Smithson (2020) — Treasurer
Data from IRS Form 990 filings, 2020–2022. "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 First Midwest Charitable Foundation
How much does First Midwest Charitable Foundation give each year?
First Midwest Charitable Foundation gave $22.1M across 3 grants in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $1.0M across 1 grant.
What is First Midwest Charitable Foundation's typical grant size?
First Midwest Charitable Foundation's median grant in 2022 was $100,000, and its average grant was $7,366,574, across 3 grants on its 2022 IRS Form 990-PF.
Where does First Midwest Charitable Foundation give grants?
First Midwest Charitable Foundation gives mostly in Indiana: 100% of the grant dollars itemized on its 2022 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (2 grants).
Does First Midwest Charitable Foundation give general operating support?
Not in 2022: none of the 3 grants with a stated purpose on First Midwest Charitable Foundation's 2022 IRS Form 990-PF were described as general or operating support.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- IRS filings on file for fiscal years 2020–2022
Live grants for the work First Midwest Charitable Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in First Midwest Charitable Foundation's focus areas in our free grants database
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