Florence Gastman Trust Uw

DECATUR, IL EIN: 37-6322594

Florence Gastman Trust Uw is a private foundation, based in DECATUR, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 2 grants totaling $114K. Net investment income was $67K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.4M

-3.4% YoY

Annual Giving

$114K

+17.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$57K

+17.7% YoY

Under IRS private-foundation payout rules, Florence Gastman Trust Uw reported a distributable amount of $121K for 2024 — the minimum it must pay out in qualifying distributions.

About Florence Gastman Trust Uw

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $438K (100%)

States

Illinois

Cities

Bloomington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,424,269	$1,474,000	$1,545,869
Revenue	$86,485	$71,232	$1,144,235
Expenses	$136,052	$142,125	$173,579
Qualifying Distributions	$115,851	$98,647	$90,145
Net Investment Income	$66,644	$53,470	$1,062,485
Distributable Amount	$121,269	$115,935	$89,392

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include First Baptist Church of Bloomington ($57,083), Illinois Wesleyan University ($57,083).

Recipient	Purpose	Amount
FIRST BAPTIST CHURCH OF BLOOMINGTON BLOOMINGTON, IL	SUPPORT OF CHURCH	$57,083
ILLINOIS WESLEYAN UNIVERSITY BLOOMINGTON, IL	SUPPORT OF EDUCATIONAL ACTIVITIES	$57,083

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FIRST MID BANK TRUST	TRUSTEE	2	$14,173

Frequently Asked Questions

How large is Florence Gastman Trust Uw?

As of 2024, Florence Gastman Trust Uw holds $1.4M in total assets with $86K in annual revenue. It awarded 2 grants totaling $114K in 2024.

Where does Florence Gastman Trust Uw operate?

Florence Gastman Trust Uw has awarded grants in Illinois.

What size grants does Florence Gastman Trust Uw award?

In 2024, Florence Gastman Trust Uw awarded 2 grants totaling $114K — an average of about $57K per grant, based on its IRS Form 990 filings.

How much is Florence Gastman Trust Uw required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Florence Gastman Trust Uw reported a distributable amount of $121K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.