Midland States Bank Foundation
The Midland States Bank Foundation is a corporate foundation based in Rockford, Illinois, established in 2011. It operates as a 501(c)(3) organization dedicated to supporting the communities where Midland States Bank operates. The Foundation channels profits from the Bank to benefit community welfare, education, and health initiatives across its service regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$534K
+22.9% YoY
Grant Count
40
+73.9% YoY
Avg Grant Size
$13K
-29.4% YoY
Mission & Focus Areas
The Foundation supports the general welfare, education, and health of the communities where Midland States Bank operates. Primary funding areas include:
- Education
- Health services
- Food programs
- Human services
- Community economic development and small business development
- Entrepreneurship initiatives
Grantmaking
Specific application procedures are not detailed in available sources, though the Foundation maintains eligibility criteria and application guidelines on its website.
Grant Range
s & Patterns:**
How to Apply
**
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Geographic Focus
Where this funder awards grants
The Foundation primarily funds organizations in Illinois, Missouri, and Texas, with particular emphasis on communities where Midland States Bank operates. Rockford, Illinois is a significant focus area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $581,484
- Total Giving: $534,400
- Total Revenue: $342,705
- Total Expenses: $535,869
- Number of Employees: 0
Historical Data (2023):
- Revenue: $307,000
- Expenses: $437,000
- Total Assets: $775,000
- Total Liabilities: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
134 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Midland Institute for Entrepreneurship ($150,000), Silver Cross Hospital Foundation ($25,000), Delmar Divine Charitable Foundation ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALLIES FOR COMMUNITY BUSINESS CHICAGO, IL | PROVIDE FUNDS FOR OPERATIONS | $7,500 |
| ALMOST HOME INC ST LOUIS, MO | PROVIDE FUNDS FOR OPERATIONS | $10,000 |
| BARBARA OLSON CENTER OF HOPE ROCKFORD, IL | PROVIDE FUNDS FOR OPERATIONS | $7,500 |
| BIG BROTHERS BIG SISTERS OF SOUTHWESTERN ILLINOIS BELLEVILLE, IL | PROVIDE FUNDS FOR OPERATIONS | $7,500 |
| BLACKHAWK AREA COUNCIL BOY SCOUTS OF AMERICA ROCKFORD, IL | PROVIDE FUNDS FOR OPERATIONS | $11,900 |
| BRIGHTPATH STEAM ACADEMY ST LOUIS, MO | PROVDE FUNDS FOR OPERATIONS | $7,500 |
| CEFS ECONOMIC OPPORTUNITY CORP EFFINGHAM, IL | PROVIDE FUNDS FOR OPERATIONS | $10,000 |
| COMPUDOPT INC HOUSTON, TX | PROVIDE FUNDS FOR OPERATIONS | $7,500 |
| CORNERSTONE SERVICES INC JOLIET, IL | PROVIDE FUNDS FOR OPERATIONS | $7,700 |
| CRISIS NURSERY OF EFFINGHAM COUNTY EFFINGHAM, IL | PROVIDE FUNDS FOR OPERATIONS | $9,800 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Jeffrey G. Ludwig - President and CEO of Midland States Bancorp, Inc.
- Martesha Brown - Director of Community Economic Development for Midland States Bank
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KRISTIN STUPPLES | TRUST OPERATIONS MANAGER | 0.1 | — |
Recent News & Activity
Recent developments and announcements
The Foundation has demonstrated active grantmaking in recent years, including:
A $7,500 contribution to Rockford University in January 2026 to support the university's new Community CPR and First Aid Certification Program, which will provide free certification classes to nonprofit employees in the community.
Rockford University Receives Contribution from Midland States Bank Foundation\A $20,000 grant in January 2023 to Think Big, a nonprofit organization helping women and minority entrepreneurs develop their businesses. The Bank also committed to partnering with Think Big to provide financial empowerment sessions.
The Foundation announced $49,200 in contributions to area organizations, demonstrating ongoing commitment to community investment.
Midland States Bank Foundation Announces $49,200 in Contributions to AreaSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Midland States Bank Foundation fund?
The Foundation supports the general welfare, education, and health of the communities where Midland States Bank operates. Primary funding areas include: • Education • Health services • Food programs • Human services • Community economic development and small business development • Entrepreneurship initiatives
How do I apply for a grant from Midland States Bank Foundation?
**Grant Sizes & Patterns:** • Typical grant awards range from $1,995 to $150,000 • Recent grants have included awards of $7,500, $20,000, and $150,000 • The Foundation made 79 grants in its most recent reporting year **Recent Grant Activity:** • $150,000 to Midland Institute for Entrepreneurship NFP for operations support • $20,000 to New City Fellowship for operations • $7,500 to Rockford University for a Community CPR and First Aid Certification Program • $20,000 to Think Big, a nonprofit sup…
Where does Midland States Bank Foundation make grants?
The Foundation primarily funds organizations in Illinois, Missouri, and Texas, with particular emphasis on communities where Midland States Bank operates. Rockford, Illinois is a significant focus area.
What size grants does Midland States Bank Foundation award?
In 2024, Midland States Bank Foundation awarded 40 grants totaling $534K — an average of about $13K per grant, based on its IRS Form 990 filings.
What is Midland States Bank Foundation's EIN?
Midland States Bank Foundation's EIN (Employer Identification Number) is 45-6608679. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Midland States Bank Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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