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Also known as: FIRST MID WEALTH MANAGEMENT COMPANY
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First Med Wealth Management Company is a private trust based in DECATUR, IL. The foundation received its IRS ruling in 1997. The principal officer is Soy Capital Ag Services And Trust. It holds total assets of $1.6M. Annual income is reported at $349K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. The foundation primarily funds organizations in Pennsylvania, North Carolina and Tennessee. According to available records, First Med Wealth Management Company has made 12 grants totaling $627K, with a median grant of $44K. Annual giving has grown from $149K in 2020 to $230K in 2023. Grantmaking activity was highest in 2022 with $248K distributed across 6 grants. Individual grants have ranged from $37K to $81K, with an average award of $52K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in North Carolina and Tennessee and Pennsylvania. Contributions to this foundation are tax-deductible.
Smallest Grant
$37K
Median Grant
$43K
Average Grant
$41K
Largest Grant
$43K
Based on 3 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 Med Wealth Management Company primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NC, TN, PA.
First Med Wealth Management Company has distributed a total of $627K across 12 grants. The median grant size is $44K, with an average of $52K. Individual grants have ranged from $37K to $81K.
First Med Wealth Management Company typically selects its grantees rather than accepting unsolicited proposals.
First Med Wealth Management Company is headquartered in DECATUR, IL. While based in IL, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Andrew P Mihm Cfp | VICE PRES. & TRUST OFFICER | $0 | $0 | N/A |
Total Giving
$290K
Total Assets
$1.8M
Fair Market Value
$4.7M
Net Worth
$1.8M
Grants Paid
$230K
Contributions
N/A
Net Investment Income
$95K
Distribution Amount
$228K
Total: $874K
Total Grants
12
Total Giving
$627K
Average Grant
$52K
Median Grant
$44K
Unique Recipients
3
Most Common Grant
$43K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Bible SocietyPROMOTE RELIGIOUS ACTIVITIES | Philadelphia, PA | $69K | 2023 |
| Billy Graham Evangelistic AssociationPROMOTE RELIGIOUS ACTIVITIES | Charlotte, NC | $81K | 2023 |
| St Jude Childrens Research HospitalMEDICAL NEEDS OF CHILDREN | Memphis, TN | $81K | 2023 |