Francis Roy Herink & Margaret Otto Herink Memorial Trust
Francis Roy Herink & Margaret Otto Herink Memorial Trust is a private foundation focused on Education, based in Macomb, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $21K in total assets. Net investment income was $792.
Francis Roy Herink & Margaret Otto Herink Memorial Trust at a glance
- Total assets
- $20,640
- +2.1% vs 2024
- Revenue (2025)
- $1,377
- +6.4% vs 2024
- Net investment income (2025)
- $792
- +9.4% vs 2024
- Expenses (2025)
- $955
- +69.0% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Francis Roy Herink & Margaret Otto Herink Memorial Trust funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Francis Roy Herink & Margaret Otto Herink Memorial Trust gives
- Giving held roughly steady from 2020 to 2023 (−12%). Method
- In 2023 it paid out 104% of 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 2019 to 2023, annual grant giving ranged from $1K (2019) to $1K (2020). In 2023 it made 1 grant totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Spoon River College Foundation Canton, IL | Outright Donation to Be | $1,225 |
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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 | $20,640 | $1,377 | $955 | — | — | — | $792 | $1,353 |
| 2024 | $20,216 | $1,294 | $565 | — | — | — | $724 | $1,263 |
| 2023 | $19,485 | $589 | $1,856 | $1,225 | 1 | $1,225 | $273 | $1,173 |
| 2022 | $20,755 | $607 | $1,941 | $1,350 | 1 | $1,350 | $83 | $1,229 |
| 2021 | $22,101 | $1,749 | $1,853 | $1,275 | 1 | $1,275 | $1,184 | $1,351 |
| 2020 | $22,201 | $679 | $1,982 | $1,398 | 1 | — | $202 | $1,263 |
| 2019 | $23,492 | $3,973 | $1,517 | $1,000 | 1 | — | $3,458 | $1,215 |
Under IRS private-foundation payout rules, Francis Roy Herink & Margaret Otto Herink Memorial Trust reported a distributable amount of $1K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Francis Roy Herink & Margaret Otto Herink Memorial Trust's only listed officer is Midamerica National Bank, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
Midamerica National Bank
Trustee
On filings since 2019
1 hr/week
$350 (2019) → $350 (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $350, to Midamerica National Bank (Trustee).
Frequently asked questions about Francis Roy Herink & Margaret Otto Herink Memorial Trust
How large is Francis Roy Herink & Margaret Otto Herink Memorial Trust?
Francis Roy Herink & Margaret Otto Herink Memorial Trust reported $21K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $1K.
What is Francis Roy Herink & Margaret Otto Herink Memorial Trust?
Francis Roy Herink & Margaret Otto Herink Memorial Trust is a private foundation focused on Education, based in Macomb, IL. It holds $21K in total assets as of 2025.
Where does Francis Roy Herink & Margaret Otto Herink Memorial Trust operate?
Francis Roy Herink & Margaret Otto Herink Memorial Trust has awarded grants in Illinois.
How much is Francis Roy Herink & Margaret Otto Herink Memorial Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Francis Roy Herink & Margaret Otto Herink Memorial Trust reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Francis Roy Herink & Margaret Otto Herink Memorial Trust's EIN?
Francis Roy Herink & Margaret Otto Herink Memorial Trust's EIN (Employer Identification Number) is 36-7191386. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Francis Roy Herink & Margaret Otto Herink Memorial Trust funds
Education Open opportunities, soonest deadline first.
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