Herb Coleman Education Fund
The Herb Coleman Education Fund is a private foundation based in Jerseyville, Illinois. Its 2025 filing lists scholarship awards to individual recipients for furthering education.
Key facts about Herb Coleman Education Fund
In short: Herb Coleman Education Fund gave $127K across 35 grants in 2025 (avg $4K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- EIN
- 84-4132565
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $126,818
- Grants made (2025)
- 35
- Average grant
- $3,623
- Median grant
- $3,755
- Total assets
- $3,087,444
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Deadline
- The filing lists an annual April 1 deadline.
Data from IRS Form 990-PF, 2025; updated October 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.1M
+2.2% YoY
Annual Giving
$127K
+56.1% YoY
Grant Count
35
+118.8% YoY
Avg Grant Size
$4K
-28.6% YoY
Under IRS private-foundation payout rules, Herb Coleman Education Fund reported a distributable amount of $174K for 2025 — the minimum it must pay out in qualifying distributions.
How Herb Coleman Education Fund gives
- In 2025 it paid out 73% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
The funder’s 2025 filing describes its direct charitable activity as funding Edward Jones investment accounts and Jersey State Bank cash accounts from its endowment to carry out the organization’s mission. The filing does not state the mission itself. Its listed 2025 grants were for furthering education through scholarship awards.
Grantmaking
In filing year 2025, the funder made 35 grants totaling $126,818. Grant amounts ranged from $1,478 to $10,000, with a median of $3,755. The largest listed award was $10,000 to an individual recipient in Illinois; other listed awards ranged from $4,000 to $6,000, with one at $5,778. The stated purpose for each listed award was furthering education through a scholarship award.
The filing says the foundation does not restrict giving to preselected organizations. Applications may be submitted by mail, drop-off, or electronically using a fully completed application form, along with an essay, a copy of the institution acceptance letter, and the most recent transcript from the school currently attended. Awards are limited to up to $16,000 per recipient annually, based on fund availability.
Review Cycle
The filing lists an annual April 1 deadline. The April 1, 2026 cycle has passed.
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Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Illinois.
Grant Distribution by State
Share of 2025 grant dollars across all 35 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $81K (2024) to $127K (2025). In 2025 it made 35 grants totaling $127K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
51 grants across all recorded years
The most common grant size was under $50K: 51 grants of 51 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 35 individual scholarships Recipients not named | — | $126,818 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $3,087,444 | $233,585 | $142,459 | $126,818 across 35 grants |
| 2024 | $3,020,227 | $167,492 | $97,154 | $81,230 across 16 grants |
| 2023 | $2,498,658 | $48,626 | Not stated | 0 grants |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,087,444 | $3,020,227 | $2,498,658 |
| Revenue | $233,585 | $167,492 | $48,626 |
| Expenses | $142,459 | $97,154 | — |
| Qualifying Distributions | $126,818 | $81,230 | $2,450,032 |
| Net Investment Income | $206,589 | $142,108 | $46,953 |
| Distributable Amount | $173,835 | $165,375 | $124,425 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 18, 2026)
- IRS filings on file for fiscal years 2023–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Allen Snyder as president; Thomas Leslie and Brad Tuttle as trustees; Mark Schaefer as secretary; and Mark Boone as treasurer.
Herb Coleman Education Fund is led by Allen Snyder, President on every filing since 2023; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Allen Snyder
President
On filings since 2023
1 hr/week
No compensation reported
Brad Tuttle
Trustee
On filings since 2023
1 hr/week
No compensation reported
Thomas Leslie
Trustee
On filings since 2024
1 hr/week
No compensation reported
Mark Boone
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Mark Schaefer
Secretary
On filings since 2023
1 hr/week
No compensation reported
Former officers (1)
- Former: Jason Brunaugh (2023) — Trustee
Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Mark Schaefer
Mailing address: 1000 S State St, Jerseyville, IL 62052
Phone: (618) 498-6466
Email: education@jsbmail.com
Frequently asked questions about Herb Coleman Education Fund
How much does Herb Coleman Education Fund give each year?
Herb Coleman Education Fund gave $127K across 35 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $81K across 16 grants.
What is Herb Coleman Education Fund's typical grant size?
Herb Coleman Education Fund's median grant in 2025 was $3,755, and its average grant was $3,623, across 35 grants on its 2025 IRS Form 990-PF.
Where does Herb Coleman Education Fund give grants?
Herb Coleman Education Fund gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Herb Coleman Education Fund give general operating support?
Not in 2025: none of the 35 grants with a stated purpose on Herb Coleman Education Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Furthering Education / Scholarship Award" (35 grants).
How large is Herb Coleman Education Fund?
Herb Coleman Education Fund reported $3.1M in total assets on its 2025 IRS Form 990-PF. It paid out $127K in qualifying distributions that year, against a required minimum of $174K (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 Herb Coleman Education Fund fund?
The funder’s 2025 filing describes its direct charitable activity as funding Edward Jones investment accounts and Jersey State Bank cash accounts from its endowment to carry out the organization’s mission. The filing does not state the mission itself. See mission & focus areas ↑
How do I apply for a grant from Herb Coleman Education Fund?
Herb Coleman Education Fund has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Herb Coleman Education Fund's EIN?
Herb Coleman Education Fund's EIN (Employer Identification Number) is 84-4132565. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
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