Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee
Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee is a private foundation, based in Mattoon, IL. IRS filing data is available for 2020. In 2020, it awarded 4 grants totaling $4.4M. Net investment income was $67K.
Key facts about Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee
In short: Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee gave $4.4M across 4 grants in 2020 (avg $1.1M), mostly in Illinois. Source: 2020 IRS Form 990-PF.
- EIN
- 37-6024616
- Latest 990 filing
- Form 990-PF, 2020
- Annual giving (2020)
- $4,391,729
- Grants made (2020)
- 4
- Average grant
- $1,097,932
- Median grant
- $195,615
- Primary geography
- Illinois (100% of itemized 2020 grant dollars)
Data from IRS Form 990-PF, 2020; updated September 2026.
Financial Overview
From 2020 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$4.4M
Grant Count
4
Avg Grant Size
$1.1M
Under IRS private-foundation payout rules, Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee reported a distributable amount of $214K for 2020 — the minimum it must pay out in qualifying distributions.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2020 grant dollars across all 4 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 4 grants totaling $4.4M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2020
The largest 2020 recipient was Southeastern IL Community Foundatio ($4.3M across 2 grants). Together the top 2 received $4.3M.
Organizations only. It also paid 1 individual scholarship ($100,500), which are not listed by name.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 1 grant of 4 (25%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Southeastern IL Community Foundatio Effingham, IL | Scholarship Program | $4,000,000 |
| Southeastern IL Community Foundatio Effingham, IL | Scholarship Program | $290,729 |
| 1 individual scholarship Recipients not named | — | $100,500 |
| First United Methodist Church Mattoon, IL | Maint & Decorations | $500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2020 |
|---|---|
| Revenue | $4,014,359 |
| Expenses | $4,446,249 |
| Net Investment Income | $66,986 |
| Distributable Amount | $214,411 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 8, 2021)
- IRS filings on file for fiscal year 2020
Leadership & Key People
Officers and directors from IRS filings
Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee's 2020 filing lists 2 officers; all 2 officers listed in 2020 are compensated.
Officers on the 2020 filing
1st Mid-Il Bank Trust-Mgmt FEE
Trustee
New on the 2020 filing
1 hr/week
$6K (2020)
1st Mid-Il Bank Trust-Trustee FEE
Trustee
New on the 2020 filing
1 hr/week
$7K (2020)
Data from IRS Form 990 filings, 2020. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2020 IRS filing
The highest reported compensation on the 2020 filing was $7K, to 1ST Mid-IL Bank Trust-Trustee Fee (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee
How much does Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee give each year?
Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee gave $4.4M across 4 grants in 2020, according to its 2020 IRS Form 990-PF.
What is Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee's typical grant size?
Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee's median grant in 2020 was $195,615, and its average grant was $1,097,932, across 4 grants on its 2020 IRS Form 990-PF.
Where does Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee give grants?
Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee gives mostly in Illinois: 100% of the grant dollars itemized on its 2020 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Effingham, IL (2 grants).
Does Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee give general operating support?
Not in 2020: none of the 4 grants with a stated purpose on Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee's 2020 IRS Form 990-PF were described as general or operating support.
How much is Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2020, Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee reported a distributable amount of $214K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee's EIN?
Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee's EIN (Employer Identification Number) is 37-6024616. IRS Form 990 filing data is available on this page for 2020.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Mason Scholarship Fund First Mid Wealth Mangmt Co Trustee by hand.
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