Sarah E Wallace Trust
Sarah E Wallace Trust is a private foundation, based in Mattoon, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $406K in total assets. In 2025, it awarded 5 grants totaling $33K. Net investment income was $23K.
Sarah E Wallace Trust at a glance
In short: Sarah E Wallace Trust gave $33K across 5 grants in 2025 (avg $7K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $32,533
- Grants made (2025)
- 5
- Average grant
- $6,507
- Median grant
- $7,320
- Total assets
- $405,870
- -4.5% 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 September 2026.
Who Sarah E Wallace Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was The Salvation Army ($8K). Together the top 5 received $33K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Sarah E Wallace Trust gives
- In 2025 it paid out 165% 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 $21K (2021) to $39K (2023). In 2025 it made 5 grants totaling $33K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Salvation Army Hoffman Estates, IL | To relieve the suffering and distress of the worthy poor | $8,133 |
| Sarah Bush Lincoln Health Foundation Mattoon, IL | For nursing services rendered to persons who are financially distressed | $7,320 |
| Richland Memorial Hospital Olney, IL | For nursing services rendered to persons who are financially distressed | $7,320 |
| Eastern Star and Masonic Home Macon, IL | Unrestricted | $6,507 |
| Kemmerer Village Assumption, IL | Unrestricted | $3,253 |
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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 | $405,870 | $30,098 | $49,066 | $32,533 | 5 | $36,204 | $22,734 | $21,882 |
| 2024 | $424,838 | $9,568 | $10,989 | — | — | $3,584 | $14,563 | $21,389 |
| 2023 | $465,259 | $29,497 | $52,043 | $39,000 | 6 | $41,424 | $24,551 | $21,753 |
| 2022 | $448,805 | $95 | $9,983 | — | — | $3,280 | $8,376 | $22,383 |
| 2021 | $458,693 | $13,178 | $34,052 | $21,350 | 6 | $25,538 | $5,552 | $25,991 |
| 2020 | $479,567 | $15,934 | $35,366 | $24,630 | 6 | — | $12,004 | $24,804 |
Under IRS private-foundation payout rules, Sarah E Wallace Trust reported a distributable amount of $22K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Sarah E Wallace Trust's only listed officer is First MID Wealth Management, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
First MID Wealth Management
Trustee
On filings since 2020
2 hrs/week
$7K (2020) → $8K (2025)
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 $8K, to First Mid Wealth Management (Trustee).
Frequently asked questions about Sarah E Wallace Trust
How much does Sarah E Wallace Trust give each year?
Sarah E Wallace Trust gave $33K across 5 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Sarah E Wallace Trust's typical grant size?
Sarah E Wallace Trust's median grant in 2025 was $7,320, and its average grant was $6,507, across 5 grants on its 2025 IRS Form 990-PF.
Where does Sarah E Wallace Trust give grants?
Sarah E Wallace Trust gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Sarah E Wallace Trust give general operating support?
Yes: 40% of Sarah E Wallace Trust's 2025 grants with a stated purpose (2 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Sarah E Wallace Trust's largest grantees?
Sarah E Wallace Trust's largest 2025 grantees include The Salvation Army ($8,133), Sarah Bush Lincoln Health Foundation ($7,320) and Richland Memorial Hospital ($7,320), according to its 2025 IRS Form 990-PF. Together they received 70% of its itemized 2025 grant dollars.
How large is Sarah E Wallace Trust?
Sarah E Wallace Trust reported $406K in total assets on its 2025 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets).
What is Sarah E Wallace Trust's EIN?
Sarah E Wallace Trust's EIN (Employer Identification Number) is 37-6024600. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Sarah E Wallace Trust's focus areas in our free grants database
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