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First Bancshares Inc. is a private trust based in MATTOON, IL. The foundation received its IRS ruling in 1995. It holds total assets of $610K. Annual income is reported at $728K. The foundation is governed by 1 officer or trustee. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Illinois. According to available records, First Bancshares Inc. has made 30 grants totaling $1.9M, with a median grant of $14K. Annual giving has grown from $329K in 2020 to $1.2M in 2023. Individual grants have ranged from $5K to $500K, with an average award of $65K. The foundation has supported 13 unique organizations. Grants have been distributed to organizations in Illinois and Missouri. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$12K
Average Grant
$82K
Largest Grant
$300K
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
First Bancshares Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 30 grants. Its grantmaking reaches organizations primarily in IL, MO.
First Bancshares Inc. has distributed a total of $1.9M across 30 grants. The median grant size is $14K, with an average of $65K. Individual grants have ranged from $5K to $500K.
Awards include only religious, charitable, scientific, literary or educational purposes within the meaning of 501(c)(3) within the united states.
First Bancshares Inc. is headquartered in MATTOON, IL. While based in IL, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| First Mid Wealth Management Company | TRUSTEE | $11K | $0 | $11K |
Total Giving
$634K
Total Assets
$436K
Fair Market Value
$443K
Net Worth
$436K
Grants Paid
$623K
Contributions
N/A
Net Investment Income
$14K
Distribution Amount
$28K
Total: $416K
Total Grants
30
Total Giving
$1.9M
Average Grant
$65K
Median Grant
$14K
Unique Recipients
13
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mattoon Sports Complex IncUNRESTRICTED GIFT | Mattoon, IL | $500K | 2023 |
| Eastern Illinois University FoundationUNRESTRICTED GIFT | Charleston, IL | $50K | 2023 |
| Mac Sports FoundationUNRESTRICTED GIFT | St Louis, MO | $25K | 2023 |
| Metropolitan St Louis Equal Housing And Opportunity CouncilUNRESTRICTED GIFT | St Louis, MO | $15K | 2023 |
| Trail Recreation Effingham CountyUNRESTRICTED GIFT | Effingham, IL | $15K | 2023 |
| Arcola Foundation Palace FundUNRESTRICTED GIFT | Arcola, IL | $8K | 2023 |
| Mattoon Community Unit School District #2UNRESTRICTED GIFT | Mattoon, IL | $5K | 2023 |
| Woodstock InstituteUNRESTRICTED GIFT | Chicago, IL | $5K | 2023 |
| Griot Museum Of Black HistoryUNRESTRICTED GIFT | St Louis, MO | $10K | 2022 |
| The Eagle Foundation IncUNRESTRICTED GIFT | Ashland, MO | $10K | 2022 |
| City Of MattoonUNRESTRICTED GIFT | Mattoon, IL | $14K | 2020 |
| Southeastern Il Community FoundationUNRESTRICTED GIFT | Effingham, IL | $10K | 2020 |
| Illinois Amish Heritage CenterUNRESTRICTED GIFT | Arthur, IL | $5K | 2020 |