Watters-Humphrey Leas Scholarship Tr
Watters-Humphrey Leas Scholarship Tr is a private foundation, based in Champaign, IL. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $817K in total assets. In 2025, it awarded 2 grants totaling $45K. Net investment income was $19K.
Watters-Humphrey Leas Scholarship Tr at a glance
In short: Watters-Humphrey Leas Scholarship Tr gave $45K across 2 grants in 2025 (avg $22K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $44,942
- -18.3% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $22,471
- -18.3% vs 2024
- Median grant
- $22,471
- Total assets
- $817,385
- -3.2% 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.
Who Watters-Humphrey Leas Scholarship Tr funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Illinois Wesleyan University ($22K).
Organizations only. It also paid 1 grant to individuals ($22,471), which are not listed by name.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Watters-Humphrey Leas Scholarship Tr gives
- Giving grew 182% from 2022 to 2025. Method
- In 2025 it paid out 99% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2022 to 2025, annual grant giving ranged from $16K (2022) to $55K (2024). In 2025 it made 2 grants totaling $45K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Illinois Wesleyan University Bloomington, IL | Scholarship | $22,471 |
| 1 grant to individuals Recipients not named | — | $22,471 |
Ready to take the next step with Watters-Humphrey Leas Scholarship Tr?
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 | $817,385 | $37,263 | $63,426 | $44,942 | 2 | $44,942 | $18,779 | $45,434 |
| 2024 | $844,721 | $45,043 | $181,186 | $55,000 | 2 | $55,000 | $2,456 | $44,942 |
| 2022 | $623,059 | $25,313 | $33,916 | $15,944 | 2 | $15,944 | $7,341 | $43,879 |
Under IRS private-foundation payout rules, Watters-Humphrey Leas Scholarship Tr reported a distributable amount of $45K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Watters-Humphrey Leas Scholarship Tr's only listed officer is Busey Bank, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
Busey Bank
Trustee
On filings since 2022
1 hr/week
$1K (2022) → $13K (2025)
Data from IRS Form 990 filings, 2022–2025. "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 $13K, to Busey Bank (Trustee).
Frequently asked questions about Watters-Humphrey Leas Scholarship Tr
How much does Watters-Humphrey Leas Scholarship Tr give each year?
Watters-Humphrey Leas Scholarship Tr gave $45K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $55K across 2 grants.
How large is Watters-Humphrey Leas Scholarship Tr?
Watters-Humphrey Leas Scholarship Tr reported $817K in total assets on its 2025 IRS Form 990-PF. It paid out $45K in qualifying distributions that year, against a required minimum of $45K (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.
Where does Watters-Humphrey Leas Scholarship Tr operate?
Watters-Humphrey Leas Scholarship Tr has awarded grants in Illinois.
What is Watters-Humphrey Leas Scholarship Tr's EIN?
Watters-Humphrey Leas Scholarship Tr's EIN (Employer Identification Number) is 81-6937726. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 18, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2022–2024
Explore Open Grants
Browse active grant opportunities in Watters-Humphrey Leas Scholarship Tr's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Illinois
Ann O'Donnell Trumbull Perpetual Charitable Trust
Peoria, IL
The trust supports education and tuition, food assistance, community services, emergency response, and fundraising for childhood disease research. Its 2024 grants ranged from $1,250 to $70,000, with a median of $6,000; 91% of funding went to Illinois, with smaller grants in Michigan, Wisconsin, Iowa, and Florida. It lists a contact and resume as required materials and has no deadline, but does not state whether it accepts unsolicited requests.
Assets
$11.9M
Grants
28
Total Given
$330K
Illinois Prairie Community Foundation Inc
Bloomington, IL
The foundation funds eligible programs in education, health and wellness, youth, Jewish life, civic engagement, the environment, women and girls, arts and culture, and music education, generally serving residents of McLean, DeWitt, Livingston, or Logan counties in Illinois. Its 2025 grants had a median of $10,000, though awards ranged from $5,300 to $1 million. It directs applicants to use its online grant portal; whether it accepts unsolicited requests is not stated.
Assets
$27.5M
Grants
66
Total Given
$2.1M
Ernst & Young Foundation
New York, NY
Ernst & Young Foundation supports higher education through employee and partner matching gifts, as well as educational and special-project grants, including research, education forums, and programs that expand educational opportunity. In 2025, it made 637 grants ranging from $5,056 to $316,005, with a median of $13,525, to recipients across multiple states; the largest shares went to New York, Texas, California, Michigan, and Pennsylvania. The profile does not state whether it accepts unsolicited requests.
Assets
$47.6M
Grants
637
Total Given
$16.7M
R D Cundiff Scholarship Trust Dtd 10121
East Peoria, IL
The R D Cundiff Scholarship Trust funds scholarships through colleges and universities, primarily in Illinois, with smaller grants reaching nearby states. In 2025, it awarded 19 grants totaling $128,775; awards ranged from $1,925 to $27,525, with a median of $1,925. It accepts no unsolicited requests and gives only to preselected organizations.
Assets
$3.0M
Grants
19
Total Given
$129K
Hobart W Williams
Dallas, TX
Hobart W Williams supports colleges and universities, child care and residential care organizations, and children’s health programs; its 2025 grants went to organizations in Illinois. It awarded 10 grants of $147,114 each in 2025. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$24.1M
Grants
10
Total Given
$1.5M
Suzanne Smelcer Robinson Foundation
Dallas, TX
The foundation supports a varied range of causes, including animal welfare, education, horticulture, health, and youth programs. Its 2025 grants ranged from $500 to $25,000, with a median of $2,000, and went mainly to Illinois, with some support in Iowa and Washington, DC. It accepts unsolicited requests; its 2023 filing says there is no formal application or deadline.
Assets
$794K
Grants
11
Total Given
$50K
More similar funders
More Funders in Illinois
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Watters-Humphrey Leas Scholarship Tr'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.
Watters-Humphrey Leas Scholarship Tr down — hundreds of funders to go?