R D Cundiff Scholarship Trust Dtd 10121
R D Cundiff Scholarship Trust Dtd 10121 is a private foundation based in East Peoria, Illinois. Its 2025 filing reports grants for scholarships to colleges and universities.
R D Cundiff Scholarship Trust Dtd 10121 at a glance
In short: R D Cundiff Scholarship Trust Dtd 10121 gave $129K across 19 grants in 2025 (avg $7K), mostly in Illinois. 43% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $128,775
- +10.5% vs 2024
- Grants made (2025)
- 19
- +0.0% vs 2024
- Average grant
- $6,778
- +10.5% vs 2024
- Median grant
- $1,925
- Total assets
- $2,968,649
- +14.4% vs 2024
- New grantees (estimate)
- 43% first-time grantees (6 of 14, 2025; small sample)
- Primary geography
- Illinois (93% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to R D Cundiff Scholarship Trust Dtd 10121
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds; it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 201 Clock Tower Drive, East Peoria, IL 61611
Phone: (309) 407-3910
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who R D Cundiff Scholarship Trust Dtd 10121 funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Lakeland College ($28K). Together the top 10 received $103K.
Organizations only. It also paid 5 individual scholarships ($17,825), which are not listed by name.
Grant Size Distribution
70 grants across all recorded years
The most common grant size was under $50K: 70 grants of 70 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 93% of grant dollars went to recipients in Illinois. The reported shares for recipients in Ohio, Indiana, Iowa, and Missouri were 1% each.
Grant Distribution by State
Share of 2025 grant dollars across all 19 itemized grants.
States
Cities
Is R D Cundiff Scholarship Trust Dtd 10121 open to new grantees?
43%
first-time grantees, 2025
In 2025, 6 of 14 grantees (43%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $2K; repeat grants $12K. How we count
Medians: $2K first-time, $11K repeat.
- 43% of 2025 grantees were also funded in 2024. Method
- Giving grew 29% from 2022 to 2025. Method
- In 2025 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2022–2025). 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 2022 to 2025, annual grant giving ranged from $100K (2022) to $129K (2025). In 2025 it made 19 grants totaling $129K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lakeland College Mattoon, IL | Scholarships | $27,525 |
| Parkland College Business Office - Tuition Champaign, IL | Scholarships | $23,600 |
| Eastern Illinois University Charleston, IL | Scholarships | $18,825 |
| University of Illinois Urbana Office of Student Financial Aid Champaign, IL | Scholarships | $16,900 |
| 5 individual scholarships Recipients not named | — | $17,825 |
| Aurora University Aurora, IL | Scholarships | $4,350 |
| Illinois College Jacksonville, IL | Scholarships | $4,350 |
| Xavier University Cincinnati, OH | Scholarships | $1,925 |
| Ball State University Muncie, IN | Scholarships | $1,925 |
| Rockford University Rockford, IL | Scholarships | $1,925 |
Ready to take the next step with R D Cundiff Scholarship Trust Dtd 10121?
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 | $2,968,649 | $542,089 | $172,188 | $128,775 | 19 | $134,809 | $123,315 | $151,719 |
| 2024 | $2,595,115 | $953,734 | $139,710 | $116,562 | 19 | $121,989 | $691,003 | $126,340 |
| 2023 | $1,783,026 | $38,830 | $124,319 | $104,771 | 23 | $110,044 | $29,487 | $111,773 |
| 2022 | $1,868,764 | $1,095,254 | $117,104 | $100,004 | 9 | $104,232 | $29,461 | $109,731 |
| 2021 | $890,734 | $894,050 | $3,316 | — | — | $828 | — | $120 |
Under IRS private-foundation payout rules, R D Cundiff Scholarship Trust Dtd 10121 reported a distributable amount of $152K 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
No mission statement for the foundation is provided. Its 2025 grants are identified as scholarships. Among the recipients, Illinois College describes itself as a four-year institution offering a baccalaureate program and a liberal arts education; Aurora University describes its goal as empowering students through learning; and Rockford University describes a curriculum grounded in liberal arts and complemented by professional and practical experience. These are the recipient organizations’ descriptions of their own missions.
Grantmaking
In 2025, the foundation reported 19 grants totaling $128,775. Grants ranged from $1,925 to $27,525, with a median grant of $1,925. The largest awards included Lakeland College ($27,525), Parkland College ($23,600), Eastern Illinois University ($18,825), and the University of Illinois Urbana ($16,900), each for scholarships.
Other 2025 recipients included Southern Illinois University Edwardsville ($5,775), Aurora University ($4,350), Illinois College ($4,350), Southern Illinois University Carbondale ($4,350), and Illinois State University ($3,850). Rockford University, Xavier University, an individual recipient Community College, Quincy University Corporation, and North Central College each received $1,925.
Leadership & Key People
Officers and directors from IRS filings
R D Cundiff Scholarship Trust Dtd 10121's only listed officer is Morton Community Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Morton Community Bank
Trustee
On filings since 2021
1 hr/week
$17K (2022) → $24K (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 $24K, to Morton Community Bank (Trustee).
Frequently asked questions about R D Cundiff Scholarship Trust Dtd 10121
How much does R D Cundiff Scholarship Trust Dtd 10121 give each year?
R D Cundiff Scholarship Trust Dtd 10121 gave $129K across 19 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $117K across 19 grants.
What is R D Cundiff Scholarship Trust Dtd 10121's typical grant size?
R D Cundiff Scholarship Trust Dtd 10121's median grant in 2025 was $1,925, and its average grant was $6,778, across 19 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from R D Cundiff Scholarship Trust Dtd 10121 that year got $2K on average.
Where does R D Cundiff Scholarship Trust Dtd 10121 give grants?
R D Cundiff Scholarship Trust Dtd 10121 gives mostly in Illinois: 93% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Champaign, IL (2 grants).
Does R D Cundiff Scholarship Trust Dtd 10121 give general operating support?
Not in 2025: none of the 19 grants with a stated purpose on R D Cundiff Scholarship Trust Dtd 10121's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (19 grants).
Who are R D Cundiff Scholarship Trust Dtd 10121's largest grantees?
R D Cundiff Scholarship Trust Dtd 10121's largest 2025 grantees include Lakeland College ($27,525), Parkland College Business Office - Tuition ($23,600) and Eastern Illinois University ($18,825), according to its 2025 IRS Form 990-PF. It also paid 5 individual scholarships ($17,825), which are not listed by name. Together they received 54% of its itemized 2025 grant dollars.
How large is R D Cundiff Scholarship Trust Dtd 10121?
R D Cundiff Scholarship Trust Dtd 10121 reported $3.0M in total assets on its 2025 IRS Form 990-PF. It paid out $135K in qualifying distributions that year, against a required minimum of $152K (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.
What does R D Cundiff Scholarship Trust Dtd 10121 fund?
No mission statement for the foundation is provided. Its 2025 grants are identified as scholarships. See mission & focus areas ↑
How do I apply for a grant from R D Cundiff Scholarship Trust Dtd 10121?
The foundation does not accept unsolicited requests for funds; it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is R D Cundiff Scholarship Trust Dtd 10121's EIN?
R D Cundiff Scholarship Trust Dtd 10121's EIN (Employer Identification Number) is 87-6710340. IRS Form 990 filing data is available on this page for 2021–2025.
Does R D Cundiff Scholarship Trust Dtd 10121 accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 24, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 10, 2024)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 10, 2022)
Live grants for the work R D Cundiff Scholarship Trust Dtd 10121 funds
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Cite this profile
Grantable. (2026). R D Cundiff Scholarship Trust Dtd 10121 funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/r-d-cundiff-scholarship-trust-dtd-10121-morg_10a596ff2e7847baa14fddb8927d1259
BibTeX
@misc{grantable_876710340_2026,
author = {{Grantable}},
title = {{R D Cundiff Scholarship Trust Dtd 10121 funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/r-d-cundiff-scholarship-trust-dtd-10121-morg_10a596ff2e7847baa14fddb8927d1259},
note = {Accessed 2026-10-17. 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 R D Cundiff Scholarship Trust Dtd 10121'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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