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.
Key facts about Mason Scholarship Fund
In short: Mason Scholarship Fund 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.
Quick answers about Mason Scholarship Fund
How much does Mason Scholarship Fund give each year?
Mason Scholarship Fund gave $4.4M across 4 grants in 2020, according to its 2020 IRS Form 990-PF.
What is Mason Scholarship Fund's typical grant size?
Mason Scholarship Fund'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 give grants?
Mason Scholarship Fund 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) and Mattoon, IL (2 grants).
Does Mason Scholarship Fund give general operating support?
Not in 2020: none of the 4 grants with a stated purpose on Mason Scholarship Fund's 2020 IRS Form 990-PF were described as general or operating support.
Next steps with Mason Scholarship Fund
- How to evaluate Mason Scholarship Fund as a funder
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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.
Ready to take the next step with Mason Scholarship Fund?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 4 itemized 2020 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal year 2020
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2020
Grant Size Distribution
4 grants across all recorded years
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 |
| SCHOLARSHIP RECIPIENTS Mattoon, IL | SCHOLARSHIPS FOR WORTHY GRADUATES | $100,500 |
| FIRST UNITED METHODIST CHURCH Mattoon, IL | MAINT & DECORATIONS | $500 |
Leadership & Key People
Officers and directors from IRS filings
Mason Scholarship Fund'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
Frequently Asked Questions
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.