Reynolds-Barwick Scholarship Fund
The Reynolds-Barwick Scholarship Fund is a private foundation based in Watseka, Illinois. Its 2025 filing reports scholarship grants to individuals in Illinois.
Reynolds-Barwick Scholarship Fund at a glance
In short: Reynolds-Barwick Scholarship Fund gave $234K across 18 grants in 2025 (avg $13K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $234,000
- +17.0% vs 2024
- Grants made (2025)
- 18
- -10.0% vs 2024
- Average grant
- $13,000
- +30.0% vs 2024
- Median grant
- $13,000
- Total assets
- $6,093,827
- +16.1% vs 2024
- 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 October 2026.
How to apply to Reynolds-Barwick Scholarship Fund
- How to Apply
-
The filing names The First Trust and Savings Bank as the contact. Application form and materials, deadlines, and award restrictions are listed as N/A. The foundation states that it does not restrict giving to preselected organizations.
- Contact
Application contact: The First Trust And Savings Bank
Mailing address: PO Box 160, Watseka, IL 60970
Phone: (815) 432-4987
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Reynolds-Barwick Scholarship Fund funds
How this funder distributes its grants
Grant Size Distribution
103 grants across all recorded years
The most common grant size was under $50K: 103 grants of 103 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Illinois. Listed recipient communities include Loda, Clifton, Chebanse, Cissna Park, Onarga, Crescent City, Martinton, Donovan, and Danforth.
Grant Distribution by State
Share of 2025 grant dollars across all 18 itemized grants.
States
Cities
How Reynolds-Barwick Scholarship Fund gives
- Giving grew 24% from 2022 to 2025. Method
- In 2025 it paid out 100% of 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 2020 to 2025, annual grant giving ranged from $63K (2020) to $234K (2025). In 2025 it made 18 grants totaling $234K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 18 individual scholarships Recipients not named | — | $234,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $6,093,827 | $1,508,854 | $266,932 | $234,000 | 18 | $285,637 | $55,403 | $285,637 |
| 2024 | $5,249,663 | $116,457 | $233,590 | $200,000 | 20 | $200,000 | $13,863 | $236,010 |
| 2023 | $4,486,832 | $145,714 | $234,145 | $200,000 | 21 | $200,000 | $15,624 | $198,704 |
| 2022 | $5,930,733 | $176,246 | $201,522 | $188,973 | 21 | $188,973 | $14,478 | $197,214 |
| 2021 | $4,775,900 | $2,822 | $120,678 | $92,484 | 23 | $92,484 | — | $138,097 |
| 2020 | $1,862,652 | $148,619 | $210,482 | $63,000 | 13 | — | $25,138 | $92,480 |
Under IRS private-foundation payout rules, Reynolds-Barwick Scholarship Fund reported a distributable amount of $286K 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 is provided. The fund’s 2025 grants were identified as scholarships.
Grantmaking
In filing year 2025, the fund made 18 grants totaling $234,000. Each grant was $13,000. Listed recipients include four individual recipients, each receiving $13,000 for a scholarship.
Leadership & Key People
Officers and directors from IRS filings
Reynolds-Barwick Scholarship Fund's only listed officer is First Trust Bank, Trustee & Farm Manager since 2023 (on filings since 2022) (compensated).
Officers on the 2025 filing
First Trust Bank
Trustee & Farm Manager
Trustee → Trustee & Farm Manager, 2023
On filings since 2022
15 hrs/week
$10K (2022) → $16K (2025)
Former officers (1)
- Former: Robert W. Reynolds (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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 $16K, to First Trust Bank (Farm Manager). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Reynolds-Barwick Scholarship Fund
How much does Reynolds-Barwick Scholarship Fund give each year?
Reynolds-Barwick Scholarship Fund gave $234K across 18 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $200K across 20 grants.
What is Reynolds-Barwick Scholarship Fund's typical grant size?
Reynolds-Barwick Scholarship Fund's median grant in 2025 was $13,000, and its average grant was $13,000, across 18 grants on its 2025 IRS Form 990-PF.
Where does Reynolds-Barwick Scholarship Fund give grants?
Reynolds-Barwick Scholarship Fund gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Reynolds-Barwick Scholarship Fund give general operating support?
Not in 2025: none of the 18 grants with a stated purpose on Reynolds-Barwick Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (18 grants).
How large is Reynolds-Barwick Scholarship Fund?
Reynolds-Barwick Scholarship Fund reported $6.1M in total assets on its 2025 IRS Form 990-PF. It paid out $286K in qualifying distributions that year, against a required minimum of $286K (roughly 5% of its investment assets).
What does Reynolds-Barwick Scholarship Fund fund?
No mission statement is provided. The fund’s 2025 grants were identified as scholarships. See mission & focus areas ↑
How do I apply for a grant from Reynolds-Barwick Scholarship Fund?
The filing names The First Trust and Savings Bank as the contact. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Reynolds-Barwick Scholarship Fund's EIN?
Reynolds-Barwick Scholarship Fund's EIN (Employer Identification Number) is 37-6245457. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 17, 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 27, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
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