Foster and Maralee Overcash Scholarship Trust
The Foster and Maralee Overcash Scholarship Trust is a private foundation based in Canton, Illinois. Its 2025 filing describes scholarships for students who graduate from Canton High School and enroll in a four-year college.
Foster and Maralee Overcash Scholarship Trust at a glance
In short: Foster and Maralee Overcash Scholarship Trust gave $54K across 13 grants in 2025 (avg $4K), mostly in Illinois. 50% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $54,000
- -5.3% vs 2024
- Grants made (2025)
- 13
- +0.0% vs 2024
- Average grant
- $4,154
- -5.3% vs 2024
- Median grant
- $3,000
- Total assets
- $600,651
- -4.4% vs 2024
- New grantees (estimate)
- 50% first-time grantees (6 of 12, 2025; small sample)
- Primary geography
- Illinois (89% 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 Foster and Maralee Overcash Scholarship Trust
- How to Apply
-
MidAmerica National Bank Wealth Management administers applications. Applicants must be Canton High School graduates enrolled in a four-year college. The filing does not specify application materials.
- Review Cycle
- April 1. The filing gives no year for this deadline; the April 1 application date before today, September 29, 2026, has passed.
- Deadline
- April 1.
- Contact
Application contact: Midamerica National Bank Wealth Man
Mailing address: 100 West Elm Street, Canton, IL 61520
Phone: (309) 647-5000
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Foster and Maralee Overcash Scholarship Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was University of Illinois ($12K). Together the top 10 received $45K.
Organizations only. It also paid 1 individual scholarship ($3,000), which are not listed by name.
Grant Size Distribution
64 grants across all recorded years
The most common grant size was under $50K: 64 grants of 64 (100%).
Geographic Focus
Where this funder awards grants
The trust is based in Canton, Illinois. In 2025, 89% of grant dollars went to recipients in Illinois, 6% to recipients in Iowa, and 6% to recipients in Oklahoma.
Grant Distribution by State
Share of 2025 grant dollars across all 13 itemized grants.
Cities
Is Foster and Maralee Overcash Scholarship Trust open to new grantees?
50%
first-time grantees, 2025
In 2025, 6 of 12 grantees (50%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $3K; repeat grants $6K. How we count
Medians: $3K first-time, $5K repeat.
- 50% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+3%). Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $42K (2020) to $62K (2023). In 2025 it made 13 grants totaling $54K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Illinois Urbana, IL | Scholarship | $12,000 |
| Illinois State University Normal, IL | Scholarship | $6,000 |
| Western Illinois University Macomb, IL | Scholarship | $6,000 |
| Monmouth University Monmouth, IL | Scholarship | $3,000 |
| Elmhurst University Elmhurst, IL | Scholarship | $3,000 |
| Illinois College Jacksonville, IL | Scholarship | $3,000 |
| Bradley University Peoria, IL | Scholarship | $3,000 |
| Illinois Weslyan University Bloomington, IL | Scholarship | $3,000 |
| Depaul University Chicago, IL | Scholarship | $3,000 |
| Knox College Galesburg, IL | Scholarship | $3,000 |
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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 | $600,651 | $35,069 | $62,419 | $54,000 | 13 | $54,000 | $24,778 | $57,272 |
| 2024 | $628,108 | $29,677 | $66,087 | $57,000 | 13 | $57,000 | $19,828 | $55,053 |
| 2023 | $664,822 | $34,595 | $70,372 | $61,500 | 14 | $61,500 | $23,841 | $53,034 |
| 2022 | $700,630 | $9,669 | $60,547 | $52,500 | 13 | $52,500 | $13,849 | $51,425 |
| 2021 | $751,725 | $30,819 | $54,784 | $46,500 | 11 | $46,500 | $22,930 | $55,966 |
| 2020 | $775,777 | $14,023 | $49,716 | $42,000 | 11 | — | $15,999 | $50,459 |
Under IRS private-foundation payout rules, Foster and Maralee Overcash Scholarship Trust reported a distributable amount of $57K 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
The filing does not state a separate mission. Its reported charitable activity is awarding scholarships, and its 2025 grants were designated for scholarships to colleges and universities.
Some supported institutions describe their own missions as providing liberal arts education: Knox College says it serves students from diverse backgrounds, while Illinois College describes itself as a four-year institution committed to scholarship and integrity in the liberal arts. Bradley University says it combines professional preparation with liberal arts and sciences to prepare students for personal and professional success.
Grantmaking
In 2025, the trust made 13 grants totaling $54,000. Grants ranged from $3,000 to $12,000, with a median grant of $3,000. Notable awards included $12,000 to the University of Illinois and $6,000 each to Illinois State University and Western Illinois University. Elmhurst University, Knox College, DePaul University, Bradley University, and Illinois College each received $3,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Patrick Carter, Gary Barnhart, and the Superintendent of Canton Union Schools as trustees.
Foster and Maralee Overcash Scholarship Trust's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gary Barnhart
Trustee
On filings since 2020
1 hr/week
No compensation reported
Patrick Carter
Trustee
On filings since 2020
1 hr/week
No compensation reported
Superintendent-Canton Union Schools
Trustee
On filings since 2022
1 hr/week
No compensation reported
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.
Frequently asked questions about Foster and Maralee Overcash Scholarship Trust
How much does Foster and Maralee Overcash Scholarship Trust give each year?
Foster and Maralee Overcash Scholarship Trust gave $54K across 13 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $57K across 13 grants.
What is Foster and Maralee Overcash Scholarship Trust's typical grant size?
Foster and Maralee Overcash Scholarship Trust's median grant in 2025 was $3,000, and its average grant was $4,154, across 13 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Foster and Maralee Overcash Scholarship Trust that year got $3K on average.
Where does Foster and Maralee Overcash Scholarship Trust give grants?
Foster and Maralee Overcash Scholarship Trust gives mostly in Illinois: 89% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Iowa (6%) and Oklahoma (6%).
Does Foster and Maralee Overcash Scholarship Trust give general operating support?
Not in 2025: none of the 13 grants with a stated purpose on Foster and Maralee Overcash Scholarship Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (13 grants).
Who are Foster and Maralee Overcash Scholarship Trust's largest grantees?
Foster and Maralee Overcash Scholarship Trust's largest 2025 grantees include University of Illinois ($12,000), Illinois State University ($6,000) and Western Illinois University ($6,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($3,000), which are not listed by name. Together they received 44% of its itemized 2025 grant dollars.
How large is Foster and Maralee Overcash Scholarship Trust?
Foster and Maralee Overcash Scholarship Trust reported $601K in total assets on its 2025 IRS Form 990-PF. It paid out $54K in qualifying distributions that year, against a required minimum of $57K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Foster and Maralee Overcash Scholarship Trust fund?
The filing does not state a separate mission. Its reported charitable activity is awarding scholarships, and its 2025 grants were designated for scholarships to colleges and universities. See mission & focus areas ↑
How do I apply for a grant from Foster and Maralee Overcash Scholarship Trust?
MidAmerica National Bank Wealth Management administers applications. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Foster and Maralee Overcash Scholarship Trust's EIN?
Foster and Maralee Overcash Scholarship Trust's EIN (Employer Identification Number) is 37-6304824. 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
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Foster and Maralee Overcash Scholarship Trust funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/foster-and-maralee-overcash-scholarship-trust-morg_254b79ae7a1b4ca6adc53f7a723dcf99
BibTeX
@misc{grantable_376304824_2026,
author = {{Grantable}},
title = {{Foster and Maralee Overcash Scholarship Trust funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/foster-and-maralee-overcash-scholarship-trust-morg_254b79ae7a1b4ca6adc53f7a723dcf99},
note = {Accessed 2026-10-04. 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 Foster and Maralee Overcash Scholarship Trust'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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