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

3

+200.0% YoY

Avg Grant Size

$7.4M

+636.7% YoY

About First Midwest Charitable Foundation

Based on IRS filings

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

ChicagoEvansville

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$6M$12M$18M$24M202020212022
Metric202220212020
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

$0$6M$11M$17M$22M1 grants20201 grants20213 grants2022

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2022

Old National Bank Founda…$22.0MDePaul University$100KBoys and Girls Clubs of …$2K

Grant Size Distribution

5 grants across all recorded years

1<$50K$50–100K1$100–250K$250–500K$500K–1M2$1–5M1$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

NameTitleHoursCompensation
Michael L ScudderPresident1
Corliss GarnerVP & Secretary1
Carmela DavisTreasurer1

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

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

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