Mason Scholarship Fund
Mason Scholarship Fund 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.
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 reported a distributable amount of $214K for 2020 — the minimum it must pay out in qualifying distributions.
About Mason Scholarship Fund
Based on IRS filings
Mason Scholarship Fund 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2020 |
|---|---|
| Total Assets | — |
| Revenue | $4,014,359 |
| Expenses | $4,446,249 |
| Qualifying Distributions | — |
| Net Investment Income | $66,986 |
| Distributable Amount | $214,411 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2020
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2020 grants, the largest include Southeastern Il Community Foundatio ($4,000,000), Southeastern Il Community Foundatio ($290,729), Scholarship Recipients ($100,500).
| Recipient | Purpose | Amount |
|---|---|---|
| SCHOLARSHIP RECIPIENTS MATTOON, IL | SCHOLARSHIPS FOR WORTHY GRADUATES | $100,500 |
| FIRST UNITED METHODIST CHURCH MATTOON, IL | MAINT & DECORATIONS | $500 |
| SOUTHEASTERN IL COMMUNITY FOUNDATIO EFFINGHAM, IL | SCHOLARSHIP PROGRAM | $4,000,000 |
| SOUTHEASTERN IL COMMUNITY FOUNDATIO EFFINGHAM, IL | SCHOLARSHIP PROGRAM | $290,729 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2020 IRS filing
From 2020 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| 1ST MID-IL BANK TRUST-TRUSTEE FEE | TRUSTEE | 1 | $7,145 |
| 1ST MID-IL BANK TRUST-MGMT FEE | TRUSTEE | 1 | $5,813 |
Frequently Asked Questions
Where does Mason Scholarship Fund operate?
Mason Scholarship Fund has awarded grants in Illinois.
What size grants does Mason Scholarship Fund award?
In 2020, Mason Scholarship Fund awarded 4 grants totaling $4.4M — an average of about $1.1M per grant, based on its IRS Form 990 filings.
How much is Mason Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2020, Mason Scholarship Fund 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's EIN?
Mason Scholarship Fund's EIN (Employer Identification Number) is 37-6024616. IRS Form 990 filing data is available on this page for 2020.
Explore Open Grants
Browse active grant opportunities in Mason Scholarship Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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