Oberlin Charitable Trust
Oberlin Charitable Trust is a private foundation based in Mattoon, Illinois. Its 2024 filing describes a scholarship application process for high school seniors from specified Illinois high schools, and its reported grants went to recipients in Illinois.
Oberlin Charitable Trust at a glance
In short: Oberlin Charitable Trust gave $41K across 30 grants in 2024 (avg $1K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $41,000
- +5.1% vs 2023
- Grants made (2024)
- 30
- +3.4% vs 2023
- Average grant
- $1,367
- +1.6% vs 2023
- Median grant
- $1,000
- Total assets
- $4,883,283
- +22002.3% vs 2023
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Oberlin Charitable Trust
- How to Apply
-
The applicant must complete and submit the organization’s scholarship application by the submission deadline. The application asks about the student’s schooling, community and school activities, and known financial aid, and requires a 200–300-word essay, a high school transcript, and letters of recommendation. Applicants must be high school seniors graduating from Altamont, Beecher City, Dieterich, Effingham, North Clay, St. Anthony, St. Elmo, Stewardson, or Teutopolis High School.
- Review Cycle
- The deadline is posted in the grant application and is typically in March of the grant year.
- Deadline
- The deadline is posted in the grant application and is typically in March of the grant year.
- Contact
Application contact: Oberlin Charitable Trust Co First M
Mailing address: 1515 Charleston Ave, Mattoon, IL 61938
Phone: (217) 258-0633
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Oberlin Charitable Trust funds
How this funder distributes its grants
Grant Size Distribution
146 grants across all recorded years
The most common grant size was under $50K: 146 grants of 146 (100%).
Geographic Focus
Where this funder awards grants
All reported 2024 grant dollars went to recipients in Illinois. The listed recipients were in Illinois communities including Effingham, Teutopolis, Strasburg, Beecher City, Louisville, and Altamont.
Grant Distribution by State
Share of 2024 grant dollars across all 30 itemized grants.
States
Cities
How Oberlin Charitable Trust gives
- Giving held roughly steady from 2021 to 2024 (+4%). Method
- In 2024 it paid out 29% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $38K (2019) to $41K (2024). In 2024 it made 30 grants totaling $41K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 30 grants to individuals Recipients not named | — | $41,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,883,283 | $5,004,416 | $143,227 | $41,000 | 30 | $50,420 | $40,148 | $174,419 |
| 2023 | $22,094 | $45,471 | $42,117 | $39,000 | 29 | $40,023 | — | $1,377 |
| 2022 | $18,740 | $1,411 | $43,864 | $40,500 | 29 | $41,503 | — | $1,871 |
| 2021 | $61,193 | $16,238 | $42,607 | $39,500 | 30 | $40,503 | $13,151 | $4,999 |
| 2020 | $87,562 | $23,299 | $41,053 | $38,000 | 28 | — | $1,197 | $5,186 |
| 2019 | $105,316 | $32,920 | $41,038 | $38,000 | 29 | — | $884 | $4,941 |
Under IRS private-foundation payout rules, Oberlin Charitable Trust reported a distributable amount of $174K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Grantmaking
In 2024, the trust awarded 30 grants totaling $41,000. Awards ranged from $1,000 to $3,000, with a median of $1,000. Grantmaking totals were $39,000 across 29 grants in 2023 and $40,500 across 29 grants in 2022.
The largest reported 2024 award was $3,000 to an individual recipient. The trust also awarded $2,000 each to nine individual recipients These listed grants were for higher-education expenses.
Leadership & Key People
Leadership team and compensation from IRS filings
First Mid-Illinios Bank Trust is listed as trustee on the 2024 filing.
Oberlin Charitable Trust's only listed officer is First Mid-Illinios Bank Trust, Trustee on every filing since 2019 (compensated).
Officers on the 2024 filing
First Mid-Illinios Bank Trust
Trustee
On filings since 2019
0.5 hrs/week
$1K (2019) → $27K (2024)
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $27K, to First Mid-Illinios Bank Trust (Trustee).
Frequently asked questions about Oberlin Charitable Trust
How much does Oberlin Charitable Trust give each year?
Oberlin Charitable Trust gave $41K across 30 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $39K across 29 grants.
What is Oberlin Charitable Trust's typical grant size?
Oberlin Charitable Trust's median grant in 2024 was $1,000, and its average grant was $1,367, across 30 grants on its 2024 IRS Form 990-PF.
Where does Oberlin Charitable Trust give grants?
Oberlin Charitable Trust gives mostly in Illinois: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Oberlin Charitable Trust give general operating support?
Not in 2024: none of the 30 grants with a stated purpose on Oberlin Charitable Trust's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Assist with the Expense of Higher Education" (29 grants).
How large is Oberlin Charitable Trust?
Oberlin Charitable Trust reported $4.9M in total assets on its 2024 IRS Form 990-PF. It paid out $50K in qualifying distributions that year, against a required minimum of $174K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
How do I apply for a grant from Oberlin Charitable Trust?
The applicant must complete and submit the organization’s scholarship application by the submission deadline. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Oberlin Charitable Trust's EIN?
Oberlin Charitable Trust's EIN (Employer Identification Number) is 36-4323858. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 28, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 3, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 22, 2025)
- IRS filings on file for fiscal years 2019–2024
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