Lucille Flick Larson Scholarship Trust
Lucille Flick Larson Scholarship Trust is a private foundation, based in Normal, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $439K in total assets. In 2025, it awarded 6 grants totaling $23K. Net investment income was $12K.
Lucille Flick Larson Scholarship Trust at a glance
In short: Lucille Flick Larson Scholarship Trust gave $23K across 6 grants in 2025 (avg $4K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $22,500
- +28.6% vs 2024
- Grants made (2025)
- 6
- +0.0% vs 2024
- Average grant
- $3,750
- +28.6% vs 2024
- Median grant
- $3,125
- Total assets
- $438,554
- -2.6% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Lucille Flick Larson Scholarship Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Greenville University ($8K). Together the top 5 received $18K.
Organizations only. It also paid 1 individual scholarship ($5,000), which are not listed by name.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 31 grants of 31 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Lucille Flick Larson Scholarship Trust gives
- Giving grew 50% from 2022 to 2025. Method
- In 2025 it paid out 102% 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 2020 to 2025, annual grant giving ranged from $15K (2022) to $29K (2021). In 2025 it made 6 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Greenville University Greenville, IL | Scholarship | $7,500 |
| 1 individual scholarship Recipients not named | — | $5,000 |
| University of Illinois Urbana, IL | Scholarship | $3,750 |
| Eastern Illinois University Charleston, IL | Scholarship | $2,500 |
| Illinois College Jacksonville, IL | Scholarship | $2,500 |
| Illinois State University Normal, IL | Scholarship | $1,250 |
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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 | $438,554 | $20,338 | $32,100 | $22,500 | 6 | $24,420 | $12,282 | $23,841 |
| 2024 | $450,316 | $13,899 | $27,397 | $17,500 | 6 | $19,480 | $5,982 | $22,938 |
| 2023 | $463,814 | $49,583 | $30,909 | $22,500 | 7 | $24,182 | $42,856 | $20,768 |
| 2022 | $445,140 | $21,060 | $23,426 | $15,000 | 6 | $16,562 | $14,873 | $21,631 |
| 2021 | $447,614 | $44,489 | $37,171 | $29,030 | 6 | $30,616 | $37,934 | $23,009 |
| 2020 | $440,276 | $30,238 | $26,372 | $19,050 | 6 | — | $24,259 | $21,284 |
Under IRS private-foundation payout rules, Lucille Flick Larson Scholarship Trust reported a distributable amount of $24K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lucille Flick Larson Scholarship Trust's only listed officer is Heartland Bank Trust, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Heartland Bank Trust
Trustee
On filings since 2020
$5K (2020) → $7K (2025)
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $7K, to Heartland Bank Trust (Trustee).
Frequently asked questions about Lucille Flick Larson Scholarship Trust
How much does Lucille Flick Larson Scholarship Trust give each year?
Lucille Flick Larson Scholarship Trust gave $23K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $18K across 6 grants.
What is Lucille Flick Larson Scholarship Trust's typical grant size?
Lucille Flick Larson Scholarship Trust's median grant in 2025 was $3,125, and its average grant was $3,750, across 6 grants on its 2025 IRS Form 990-PF.
Where does Lucille Flick Larson Scholarship Trust give grants?
Lucille Flick Larson Scholarship Trust gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Lucille Flick Larson Scholarship Trust give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Lucille Flick Larson Scholarship Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (6 grants).
Who are Lucille Flick Larson Scholarship Trust's largest grantees?
Lucille Flick Larson Scholarship Trust's largest 2025 grantees include Greenville University ($7,500), University of Illinois ($3,750) and Eastern Illinois University ($2,500), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($5,000), which are not listed by name. Together they received 61% of its itemized 2025 grant dollars.
How large is Lucille Flick Larson Scholarship Trust?
Lucille Flick Larson Scholarship Trust reported $439K in total assets on its 2025 IRS Form 990-PF. It paid out $24K in qualifying distributions that year, against a required minimum of $24K (roughly 5% of its investment assets).
What is Lucille Flick Larson Scholarship Trust's EIN?
Lucille Flick Larson Scholarship Trust's EIN (Employer Identification Number) is 37-1380182. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Lucille Flick Larson Scholarship Trust funds
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