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.
Key facts about Velma M French Trust
In short: Velma M French Trust gave $84K across 2 grants in 2025 (avg $42K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- EIN
- 38-6418911
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $84,000
- Grants made (2025)
- 2
- Average grant
- $42,000
- Median grant
- $42,000
- Total assets
- $593,058
- Primary geography
- Florida (50% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$593K
-9.4% YoY
Annual Giving
$84K
+31.3% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$42K
+31.3% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
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.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $593,058 | $654,600 | $699,418 |
| Revenue | $37,724 | $31,305 | $88,251 |
| Expenses | $99,201 | $76,498 | $62,973 |
| Qualifying Distributions | $84,000 | $64,000 | $50,000 |
| Net Investment Income | $22,673 | $19,405 | $75,582 |
| Distributable Amount | $70,933 | $66,174 | $56,270 |
Data update history
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
Leadership & Key People
Officers and directors from IRS filings
Velma M French Trust's only listed officer is Southern Michigan Bank Trus, Trustee on the 2022 filing (compensated).
Officers on the 2022 filing
The latest filing that lists officers: our copy of the 2023–2025 filings list none.
Southern Michigan Bank Trus
Trustee
New on the 2022 filing
5 hrs/week
$10K (2022)
Former officers (1)
- Former: SO Michigan Bank Trust (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $10K, to Southern Michigan Bank Trus (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 September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Velma M French Trust by hand.
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