Paul Powell Scholarship Fund First Mid Wealth Management Trustee
Paul Powell Scholarship Fund First Mid Wealth Management Trustee is a private foundation, based in Mattoon, IL. IRS filing data is available from 2021 through 2025. In 2025, it awarded 6 grants totaling $78K. Net investment income was $19K.
Paul Powell Scholarship Fund First Mid Wealth Management Trustee at a glance
In short: Paul Powell Scholarship Fund First Mid Wealth Management Trustee gave $78K across 6 grants in 2025 (avg $13K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $78,186
- Grants made (2025)
- 6
- Average grant
- $13,031
- Median grant
- $13,031
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Paul Powell Scholarship Fund First Mid Wealth Management Trustee funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was American Legion - Premier Boys State ($13K). Together the top 6 received $78K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How Paul Powell Scholarship Fund First Mid Wealth Management Trustee gives
- Giving grew 697% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 2022 to 2025, annual grant giving ranged from $10K (2022) to $78K (2025). In 2025 it made 6 grants totaling $78K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Legion - Premier Boys State Bloomington, IL | For Higher Education Expenses | $13,031 |
| American Legion Auxiliary Bloomington, IL | For Higher Education Expenses | $13,031 |
| Amvets Illinois Headquarters Springfield, IL | For Higher Education Expenses | $13,031 |
| Illinois Moose Association East Alton, IL | For Higher Education Expenses | $13,031 |
| VFW Springfield, IL | For Higher Education Expenses | $13,031 |
| Fraternal Order of Eagles Glenarm, IL | For Higher Education Expenses | $13,031 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | — | $20,542 | $82,939 | $78,186 | 6 | $79,184 | $18,566 | $3,304 |
| 2024 | $62,397 | $3,387 | $4,629 | — | — | $1,312 | $753 | $3,606 |
| 2023 | $63,639 | $-103 | $5,048 | — | — | $1,660 | — | $3,348 |
| 2022 | $65,986 | $7,244 | $13,917 | $9,815 | 7 | $10,583 | $5,638 | $4,448 |
| 2021 | $72,659 | $1,684 | $2,071 | — | — | — | $608 | $4,108 |
Under IRS private-foundation payout rules, Paul Powell Scholarship Fund First Mid Wealth Management Trustee reported a distributable amount of $3K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Paul Powell Scholarship Fund First Mid Wealth Management Trustee's only listed officer is First MID Wealth Management, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
First MID Wealth Management
Trustee
On filings since 2021
1 hr/week
$828 (2021) → $924 (2025)
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $924, to First Mid Wealth Management (Trustee).
Frequently asked questions about Paul Powell Scholarship Fund First Mid Wealth Management Trustee
How much does Paul Powell Scholarship Fund First Mid Wealth Management Trustee give each year?
Paul Powell Scholarship Fund First Mid Wealth Management Trustee gave $78K across 6 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Paul Powell Scholarship Fund First Mid Wealth Management Trustee's typical grant size?
Paul Powell Scholarship Fund First Mid Wealth Management Trustee's median grant in 2025 was $13,031, and its average grant was $13,031, across 6 grants on its 2025 IRS Form 990-PF.
Where does Paul Powell Scholarship Fund First Mid Wealth Management Trustee give grants?
Paul Powell Scholarship Fund First Mid Wealth Management Trustee gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Bloomington, IL (2 grants) and Springfield, IL (2 grants).
Does Paul Powell Scholarship Fund First Mid Wealth Management Trustee give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Paul Powell Scholarship Fund First Mid Wealth Management Trustee's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "For Higher Education Expenses" (6 grants).
Who are Paul Powell Scholarship Fund First Mid Wealth Management Trustee's largest grantees?
Paul Powell Scholarship Fund First Mid Wealth Management Trustee's largest 2025 grantees include American Legion - Premier Boys State ($13,031), American Legion Auxiliary ($13,031) and Amvets Illinois Headquarters ($13,031), according to its 2025 IRS Form 990-PF. Together they received 50% of its itemized 2025 grant dollars.
How much is Paul Powell Scholarship Fund First Mid Wealth Management Trustee required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Paul Powell Scholarship Fund First Mid Wealth Management Trustee reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Paul Powell Scholarship Fund First Mid Wealth Management Trustee's EIN?
Paul Powell Scholarship Fund First Mid Wealth Management Trustee's EIN (Employer Identification Number) is 37-1074809. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 30, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 13, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 7, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS September 3, 2025)
- IRS filings on file for fiscal years 2021–2025
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