Midland States Bank Foundation
The Midland States Bank Foundation is a private foundation based in Rockford, Illinois. It supports nonprofit organizations and community-focused initiatives in communities served by Midland States Bank, with funding for education, workforce development, financial empowerment, housing, small business development, and health and wellness.
Midland States Bank Foundation at a glance
In short: Midland States Bank Foundation gave $445K across 32 grants in 2025 (avg $14K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $444,500
- -16.8% vs 2024
- Grants made (2025)
- 32
- -20.0% vs 2024
- Average grant
- $13,891
- +4.0% vs 2024
- Median grant
- $7,500
- Total assets
- $512,826
- -11.8% vs 2024
- Primary geography
- Illinois (87% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Midland States Bank Foundation
- Review Cycle
- The 2025 filing lists August 1 of the year in which the organization wishes the donation to be made. The website’s listed Spring Awards deadline of March 31 has passed for 2026.
- Deadline
- The 2025 filing lists August 1 of the year in which the organization wishes the donation to be made.
- Contact
Application contact: Kristin Stupples
Mailing address: 6838 East State Street 2Nd Floor, Rockford, IL 61108
Phone: (815) 231-2481
Website: https://midlandsb.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Midland States Bank Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Midland Institute for Entrepreneurship ($150K). Together the top 10 received $275K.
Grant Size Distribution
116 grants across all recorded years
The most common grant size was under $50K: 109 grants of 116 (94%).
Geographic Focus
Where this funder awards grants
The Foundation’s website says its grants support communities served by Midland States Bank. In filing year 2025, 87% of grant dollars went to recipients in Illinois, 11% to Missouri, and 2% to New Jersey.
Grant Distribution by State
Share of 2025 grant dollars across all 32 itemized grants.
Cities
How Midland States Bank Foundation gives
- 3% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−13%). Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $130K (2021) to $534K (2024). In 2025 it made 32 grants totaling $445K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Midland Institute for Entrepreneurship Effingham, IL | Provide funds for operations. Midland institute for entrepreneurship is dedicted to providing entrepreneurial leadership in communities across the country and assists in establishing ceo programs. | $150,000 |
| Sterling Riverfront Foundation Sterling, IL | Provide Funds for Operations | $25,000 |
| Think Big Foundation Effingham, IL | Provide Funds for Operations | $20,000 |
| CASA of Effingham County Effingham, IL | Provide Funds for Operations | $15,000 |
| Dixon Family YMCA Dixon, IL | Provide Funds for Operations | $12,500 |
| Housing Action Illinois (HAI) Chicago, IL | Provide Funds for Operations | $12,000 |
| Black Zenith Hub NFP Bollingbrook, IL | Provide Funds for Operations | $10,000 |
| Duane Dean Behavioral Health Center Kankakee, IL | Provde Funds for Operations | $10,000 |
| Eden's Glory Maryville, IL | Provide Funds for Operations | $10,000 |
| Family YMCA of Fayette County Vandalia, IL | Provide Funds for Operations | $10,000 |
Ready to take the next step with Midland States Bank Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $512,826 | $378,285 | $446,943 | $444,500 | 32 | $444,873 | $77,414 | $28,717 |
| 2024 | $581,484 | $342,705 | $535,869 | $534,400 | 40 | $534,847 | $41,878 | $32,723 |
| 2023 | $774,648 | $307,329 | $436,669 | $435,000 | 23 | $435,313 | $21,254 | $39,354 |
| 2022 | $903,988 | $622,661 | $514,118 | $512,579 | 18 | $512,901 | $29,620 | $39,624 |
| 2021 | $795,445 | $824,459 | $131,091 | $130,000 | 3 | $130,322 | $21,235 | $41,876 |
| 2020 | $102,077 | $291,819 | $363,295 | $362,010 | 79 | — | $3,244 | $9,803 |
| 2019 | $173,553 | $418,064 | $297,034 | $296,000 | 22 | — | $17,383 | $15,328 |
Under IRS private-foundation payout rules, Midland States Bank Foundation reported a distributable amount of $29K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Foundation’s stated purpose is to provide improvements for the general welfare, education, and health in its communities. Its six focus areas are education, workforce development, financial empowerment, housing, small business development, and health and wellness. It also says it prioritizes needs where the Bank’s resources can have the most favorable impact.
Its 2025 grantees illustrate the range of organizations it supports. CASA of Effingham County describes its work as advocating for children who have experienced abuse or neglect; the Dixon Family YMCA describes programs intended to build healthy spirit, mind, and body; and Duane Dean Behavioral Health Center provides counseling, treatment, education, and family support related to chemical dependence. Other 2025 recipients include Eden’s Glory, which says it works to support survivors and end human trafficking, and The Neighbor Project, which describes homeownership, education, and savings programs for working families.
Grantmaking
In filing year 2025, the Foundation reported 32 grants totaling $444,500. Grants ranged from $5,000 to $150,000, with a median of $7,500; the Foundation’s website lists an average grant amount of $7,500–$25,000 for Spring Awards. The largest 2025 award was $150,000 to Midland Institute for Entrepreneurship for operations. Other large awards included $25,000 to Sterling Riverfront Foundation, $20,000 to Think Big Foundation, and $15,000 to CASA of Effingham County, each for operations.
The Foundation’s application materials say eligible applicants must be tax-exempt under section 501(c)(3) or 501(c)(6), provide an IRS tax-exempt determination letter, serve and directly affect communities in its geographical footprint, and align the request with its focus areas. The materials say applications must be submitted electronically through the Foundation’s website during open submission periods; letters of inquiry and paper or email requests are not accepted. The application must be completed in one session because progress cannot be saved. The Foundation says it does not restrict giving to preselected organizations and accepts requests through its application process.
The 2025 filing states that applications must be submitted in writing with a copy of the applicant’s IRS tax-exempt determination letter, and gives an August 1 deadline in the year the organization wishes to receive the donation. That filing also states that requests over $50,000 require ratification by the Midland States Bank Board of Directors, and that awards are limited by the Foundation’s budget. The website lists a Spring Awards application opening date of February 2, a March 31 deadline, and notification by June 30; those dates have passed for 2026.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Kristin Stupples as Trust Operations Manager.
Midland States Bank Foundation's only listed officer is Kristin Stupples, Trust Operations Manager on every filing since 2023 (uncompensated).
Officers on the 2025 filing
Kristin Stupples
Trust Operations Manager
On filings since 2023
0.1 hrs/week
No compensation reported
Former officers (2)
- Former: Kristen N. Campbell (2021–2022) — Trust Operations Manager
- Former: Eric Chojnicki (2019–2020) — Executive Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Midland States Bank Foundation
How much does Midland States Bank Foundation give each year?
Midland States Bank Foundation gave $445K across 32 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $534K across 40 grants.
What is Midland States Bank Foundation's typical grant size?
Midland States Bank Foundation's median grant in 2025 was $7,500, and its average grant was $13,891, across 32 grants on its 2025 IRS Form 990-PF.
Where does Midland States Bank Foundation give grants?
Midland States Bank Foundation gives mostly in Illinois: 87% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Missouri (11%). The most frequent recipient cities were St. Louis, MO (7 grants), Effingham, IL (4 grants), Rockford, IL (3 grants) and Kankakee, IL (2 grants).
Does Midland States Bank Foundation give general operating support?
Not in 2025: none of the 32 grants with a stated purpose on Midland States Bank Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Provide Funds for Operations" (30 grants).
Who are Midland States Bank Foundation's largest grantees?
Midland States Bank Foundation's largest 2025 grantees include Midland Institute for Entrepreneurship ($150,000), Sterling Riverfront Foundation ($25,000) and Think Big Foundation ($20,000), according to its 2025 IRS Form 990-PF. Together they received 44% of its itemized 2025 grant dollars.
How large is Midland States Bank Foundation?
Midland States Bank Foundation reported $513K in total assets on its 2025 IRS Form 990-PF. It paid out $445K in qualifying distributions that year, against a required minimum of $29K (roughly 5% of its investment assets).
What does Midland States Bank Foundation fund?
The Foundation’s stated purpose is to provide improvements for the general welfare, education, and health in its communities. Its six focus areas are education, workforce development, financial empowerment, housing, small business development, and health and wellness. See mission & focus areas ↑
How do I apply for a grant from Midland States Bank Foundation?
Midland States Bank Foundation has no public application process in the sources Grantable reviewed. Check midlandsb.com for current guidelines, or contact the foundation directly before submitting a request.
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 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 3, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 8, 2026)
- IRS filings on file for fiscal years 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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Cite this profile
Grantable. (2026). Midland States Bank Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/midland-states-bank-foundation-morg_ab26c83b7e7f496e8a8a710d4108519e
BibTeX
@misc{grantable_456608679_2026,
author = {{Grantable}},
title = {{Midland States Bank Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/midland-states-bank-foundation-morg_ab26c83b7e7f496e8a8a710d4108519e},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Midland States Bank Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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