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.
Key facts about Midland States Bank Foundation
- EIN
- 45-6608679
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $534,400
- Grants made (2024)
- 40
- Average grant
- $13,360
- Median grant
- $7,500
- Primary geography
- Illinois (82% of itemized 2024 grant dollars)
- How to apply
- Specific application procedures are not detailed in available sources, though the Foundation maintains eligibility criteria and application guidelines on its website. Full details ↓
Data from IRS Form 990-PF, 2024; updated June 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Midland States Bank Foundation funds
By grant dollars, the top recipient states for Midland States Bank Foundation's 40 itemized 2024 grants were Illinois (82%) and Missouri (16%). The most frequent recipient cities were Rockford, IL (9 grants), St Louis, MO (7 grants), Effingham, IL (5 grants) and Joliet, IL (5 grants). None of its 40 grants with a stated purpose were described as general or operating support. Recurring purposes include "Provide Funds for Operations" (38 grants).
How Midland States Bank Foundation gives
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Midland States Bank Foundation
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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
Grant Range
s & Patterns:**
How to Apply
**
Ready to take the next step with Midland States Bank Foundation?
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
Share of all 40 itemized 2024 grant dollars.
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 | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2024
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
163 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Midland Institute for Entrepreneurship ($150,000), Silver Cross Hospital Foundation ($25,000), Delmar Divine Charitable Foundation ($20,000).
| 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 |
| SILVER CROSS HOSPITAL FOUNDATION NEW LENOX, IL | PROVIDE FUNDS FOR OPERATIONS | $25,000 |
| DELMAR DIVINE CHARITABLE FOUNDATION ST LOUIS, MO | PROVIDE FUNDS FOR OPERATIONS | $20,000 |
| NEW CITY FELLOWSHIP DBA RESTORE ST LOUIS ST LOUIS, MO | PROVIDE FUNDS FOR OPERATIONS | $20,000 |
| RIVERSIDE HEALTHCARE FOUNDATION KANKAKEE, IL | PROVIDE FUNDS FOR OPERATIONS | $15,000 |
| ROCKFORD HABITAT FOR HUMANITY LOVES PARK, IL | PROVIDE FUNDS FOR OPERATIONS | $15,000 |
| ROCKFORD PARK DISTRICT FOUNDATION - INDOOR EQUINE CENTER ROCKFORD, IL | PROVIDE FUNDS FOR OPERATIONS | $15,000 |
| ROCKFORD PROMISE ROCKFORD, IL | PROVIDE FUNDS FOR OPERATIONS | $15,000 |
| BLACKHAWK AREA COUNCIL BOY SCOUTS OF AMERICA ROCKFORD, IL | PROVIDE FUNDS FOR OPERATIONS | $11,900 |
| ALMOST HOME INC ST LOUIS, MO | PROVIDE FUNDS FOR OPERATIONS | $10,000 |
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
No officer or director reported compensation in the available filings.
From 2024 IRS 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?
Specific application procedures are not detailed in available sources, though the Foundation maintains eligibility criteria and application guidelines on its website. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.