Lucille Flick Larson Scholarship Trust

NORMAL, IL EIN: 37-1380182

Lucille Flick Larson Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORMAL, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $450K in total assets. In 2024, it awarded 6 grants totaling $18K. Net investment income was $6K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$450K

-2.9% YoY

Annual Giving

$18K

-22.2% YoY

Grant Count

6

-14.3% YoY

Avg Grant Size

$3K

-9.3% YoY

Under IRS private-foundation payout rules, Lucille Flick Larson Scholarship Trust reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.

About Lucille Flick Larson Scholarship Trust

Based on IRS filings

Lucille Flick Larson Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORMAL, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $450K in total assets. In 2024, it awarded 6 grants totaling $18K. Net investment income was $6K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

CharlestonDecaturDekalbEdwardsvilleGreenvilleJacksonvilleLincolnNormalPlymouthUrbana

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$14K$27K$41K$55K20202021202220232024
Metric202420232022
Total Assets$450,316$463,814$445,140
Revenue$13,899$49,583$21,060
Expenses$27,397$30,909$23,426
Qualifying Distributions$19,480$24,182$16,562
Net Investment Income$5,982$42,856$14,873
Distributable Amount$22,938$20,768$21,631

Giving Over Time

Total grant dollars and number of grants per year

$0$7K$15K$22K$29K6 grants20206 grants20216 grants20227 grants20236 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

SOUTHERN ILLINOIS UNIVER…$8KUNIVERSITY OF ILLINOIS$3KGREENVILLE UNIVERSITY$3KILLINOIS COLLEGE$3KLAKELAND UNIVERSITY$1KEASTERN ILLINOIS UNIVERS…$1K

Grant Size Distribution

31 grants across all recorded years

31<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Southern Illinois University - Edwa ($7,500), University of Illinois ($2,500), Greenville University ($2,500).

RecipientPurposeAmount
LAKELAND UNIVERSITY PLYMOUTH, WISCHOLARSHIP$1,250
UNIVERSITY OF ILLINOIS URBANA, ILSCHOLARSHIP$2,500
SOUTHERN ILLINOIS UNIVERSITY - EDWA EDWARDSVILLE, ILSCHOLARSHIP$7,500
GREENVILLE UNIVERSITY GREENVILLE, ILSCHOLARSHIP$2,500
EASTERN ILLINOIS UNIVERSITY CHARLESTON, ILSCHOLARSHIP$1,250
ILLINOIS COLLEGE JACKSONVILLE, ILSCHOLARSHIP$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

HEARTLAND BANK TRUSTTrustee$7K

From 2024 filing

NameTitleHoursCompensation
HEARTLAND BANK TRUSTTrustee$7,063

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Lucille Flick Larson Scholarship Trust?

Lucille Flick Larson Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORMAL, IL. It holds $450K in total assets as of 2024.

How large is Lucille Flick Larson Scholarship Trust?

As of 2024, Lucille Flick Larson Scholarship Trust holds $450K in total assets with $14K in annual revenue. It awarded 6 grants totaling $18K in 2024.

Where does Lucille Flick Larson Scholarship Trust operate?

Lucille Flick Larson Scholarship Trust has awarded grants in Illinois, Wisconsin.

What size grants does Lucille Flick Larson Scholarship Trust award?

In 2024, Lucille Flick Larson Scholarship Trust awarded 6 grants totaling $18K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Lucille Flick Larson Scholarship Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lucille Flick Larson Scholarship Trust reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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