Velma M French Trust
Velma M French Trust is a private foundation, based in Coldwater, MI. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $593K in total assets. In 2025, it awarded 2 grants totaling $84K. Net investment income was $23K.
Velma M French Trust at a glance
In short: Velma M French Trust gave $84K across 2 grants in 2025 (avg $42K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $84,000
- +31.3% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $42,000
- +31.3% vs 2024
- Median grant
- $42,000
- Total assets
- $593,058
- -9.4% vs 2024
- Primary geography
- Florida (50% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Velma M French Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was American Heart Association ($42K). Together the top 2 received $84K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Velma M French Trust gives
- Giving grew 24% from 2022 to 2025. Method
- In 2025 it paid out 118% 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 $46K (2021) to $84K (2025). In 2025 it made 2 grants totaling $84K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Heart Association Saint Petersburg, FL | General Financial Support | $42,000 |
| American Cancer Society Oklahoma City, OK | General Financial Support | $42,000 |
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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 | $593,058 | $37,724 | $99,201 | $84,000 | 2 | $84,000 | $22,673 | $70,933 |
| 2024 | $654,600 | $31,305 | $76,498 | $64,000 | 2 | $64,000 | $19,405 | $66,174 |
| 2023 | $699,418 | $88,251 | $62,973 | $50,000 | 2 | $50,000 | $75,582 | $56,270 |
| 2022 | $674,101 | $265 | $83,568 | $68,000 | 2 | $68,000 | $14,355 | $60,359 |
| 2021 | $758,163 | $133,876 | $59,373 | $46,000 | 2 | $46,000 | $120,109 | $61,997 |
| 2020 | $683,724 | $46,547 | $77,482 | $65,555 | 2 | — | $34,620 | $56,421 |
Under IRS private-foundation payout rules, Velma M French Trust reported a distributable amount of $71K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Velma M French Trust's only listed officer is Southern Michigan Bank & Trust, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
Southern Michigan Bank & Trust
Trustee
On filings since 2023
2 hrs/week
$10K (2023) → $14K (2025)
Former officers (2)
- Former: Southern Michigan Bank Trus (2022) — Trustee
- Former: SO Michigan Bank Trust (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 $14K, to Southern Michigan Bank & Trust (Trustee).
Frequently asked questions about Velma M French Trust
How much does Velma M French Trust give each year?
Velma M French Trust gave $84K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $64K across 2 grants.
How large is Velma M French Trust?
Velma M French Trust reported $593K in total assets on its 2025 IRS Form 990-PF. It paid out $84K in qualifying distributions that year, against a required minimum of $71K (roughly 5% of its investment assets).
Where does Velma M French Trust operate?
Velma M French Trust has awarded grants in Florida, Oklahoma.
What is Velma M French Trust's EIN?
Velma M French Trust's EIN (Employer Identification Number) is 38-6418911. 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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 29, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 17, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Velma M French Trust funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Velma M French Trust's focus areas in our free grants database
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