Prospect Bank Foundation
Accepts applications
Prospect Bank Foundation is a private foundation in Paris, Illinois. In tax year 2023 it gave $17,000 in 17 grants; the typical grant was $1,000 and the largest $1,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2023.
- Grants paid, 2023$17,000
- Number of grants17
- Typical grant$1,000
- Largest grant$1,000
- Assets$0
Giving in 2023 was up from $15,100 the year before.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $15,100 | 10 | $5,178 |
| 2023 | $17,000 | 17 | $0 |
How to apply
| Contact | Tamra Inman PO Box 400, Paris, IL 61944 |
|---|---|
| Phone or email | (217) 465-4154 |
| What to submit | Applications can be obtained from prospect bank, paris, il 61944 |
| Restrictions | Applications must currently attend a secondary scool in edgar county, il and continuous counties in il and in, and wish to attend an educational institution described in section 170(b)(11) on the internal revenue code. Other local grants will be reviewed as requests are received. |
What Prospect Bank Foundation funds
Where it gives
Its grants went to recipients in 2 states, the most to Illinois.
| State | Grants | Amount |
|---|---|---|
| Illinois | 16 | $16,000 |
| Wisconsin | 1 | $1,000 |
Grants paid in 2023
| Recipient | Purpose | Amount |
|---|---|---|
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
Officers and trustees
- Robert Morgan
- Cathy Morgan
- Tamra Inman
Questions people ask
Does Prospect Bank Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications.
How much does Prospect Bank Foundation give?
$17,000 in tax year 2023, across 17 grants, with a typical grant of $1,000.
Who runs Prospect Bank Foundation?
Its 2023 filing lists Robert Morgan (President), Cathy Morgan (Vice Preside) and Tamra Inman (Sec/Treas).
What does Prospect Bank Foundation fund?
Based on its grants, mainly education.