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Also known as: C/O FIRST STATE BANK
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George V & Cora A Betts Trust is a private trust based in MONTICELLO, IL. The foundation received its IRS ruling in 1997. The principal officer is First State Bank And Trust. It holds total assets of $445K. Annual income is reported at $71K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of education. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Illinois. According to available records, George V & Cora A Betts Trust has made 30 grants totaling $135K, with a median grant of $4K. Annual giving has grown from $31K in 2020 to $40K in 2023. Grantmaking activity was highest in 2022 with $64K distributed across 12 grants. Individual grants have ranged from $3K to $8K, with an average award of $4K. The foundation has supported 21 unique organizations. The foundation primarily supports organizations in Illinois, Tennessee, Kentucky, which account for 93% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$3K
Average Grant
$3K
Largest Grant
$3K
Based on 11 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.
George V & Cora A Betts Trust primarily funds organizations in the area of education. Based on available records, the foundation has funded 30 grants. Its grantmaking reaches organizations primarily in IL, TN, KY.
George V & Cora A Betts Trust has distributed a total of $135K across 30 grants. The median grant size is $4K, with an average of $4K. Individual grants have ranged from $3K to $8K.
The application deadline is THE SUBMISSION DEADLINE FOR SCHOLARSHIP APPLICATIONS IS APRIL 1ST OF EACH YEAR.. Students submitting applications must reside in the atwood-hammond community unit school district; plan to attend a college or university as a full-time student; and have need of financial assistance beyond parental help.
George V & Cora A Betts Trust is headquartered in MONTICELLO, IL. While based in IL, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| First State Bank And Trust | TRUSTEE | $5K | $0 | $5K |
Total Giving
$55K
Total Assets
$449K
Fair Market Value
$665K
Net Worth
$449K
Grants Paid
$40K
Contributions
N/A
Net Investment Income
$58K
Distribution Amount
$31K
Total: $139K
Total Grants
30
Total Giving
$135K
Average Grant
$4K
Median Grant
$4K
Unique Recipients
21
Most Common Grant
$4K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Eastern Illinois UniversitySCHOLARSHIPS | Charleston, IL | $8K | 2023 |
| University Of IllinoisSCHOLARSHIPS | Urbana, IL | $8K | 2023 |
| Southern Illinois UniversitySCHOLARSHIPS | Carbondale, IL | $8K | 2023 |
| Parkland CollegeSCHOLARSHIPS | Champaign, IL | $4K | 2023 |
| Millikin UniversitySCHOLARSHIPS | Decatur, IL | $4K | 2023 |
| Bethel UniversitySCHOLARSHIPS | St Paul, MN | $4K | 2023 |
| John Logan CollegeSCHOLARSHIPS | Carterville, IL | $4K | 2023 |
| Lake Land CollegeSCHOLARSHIPS | Mattoon, IL | $8K | 2022 |
| Murray State UniversitySCHOLARSHIP | Murray, KY | $4K | 2022 |
| Lee UniversitySCHOLARSHIP | Cleveland, TN | $4K | 2022 |
| Colton Romine Indiana State UnivSCHOLARSHIP GRANT | Terre Haute, IN | $3K | 2020 |
| Elizabeth Shipman Millikin UnivSCHOLARSHIP GRANT | Decatur, IL | $3K | 2020 |
| Emma Harris Univ Of IlSCHOLARSHIP GRANT | Urbana, IL | $3K | 2020 |
| Janette Comstock Southern Il UnivSCHOLARSHIP GRANT | Carbondale, IL | $3K | 2020 |
| Kara Yoder Lee UniversitySCHOLARSHIP GRANT | Cleveland, TN | $3K | 2020 |
| Makenna Green Lakeland CollegeSCHOLARSHIP GRANT | Mattoon, IL | $3K | 2020 |
| Marcy Petersheim Parkland CollegeSCHOLARSHIP GRANT | Carbondale, IL | $3K | 2020 |
| Mary Elizabeth Huffman Il State UniSCHOLARSHIP GRANT | Normal, IL | $3K | 2020 |
| Taylor Powell Kaskaskia CollegeSCHOLARSHIP GRANT | Centralia, IL | $3K | 2020 |
| Zane Crist Parkland CollegeSCHOLARSHIP GRANT | Champaign, IL | $3K | 2020 |
| Tucker Tabb Parkland CollegeSCHOLARSHIP GRANT | Champaign, IL | $3K | 2020 |