Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department

Private foundation · Grantmaker Reno, NV EIN: 88-6006965

Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department is a private foundation, based in Reno, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $585K in total assets. In 2024, it awarded 2 grants totaling $70K. Net investment income was $136K.

Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department at a glance

In short: Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department gave $70K across 2 grants in 2024 (avg $35K), mostly in California. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$69,500
-2.1% vs 2023
Grants made (2024)
2
+0.0% vs 2023
Average grant
$34,750
-2.1% vs 2023
Median grant
$34,750
Total assets
$585,465
+12.8% vs 2023
Primary geography
California (50% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department funds

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Occidental College: $35KOccidental College$35KMaine Audubon Society: $35KMaine Audubon Society$35K

The largest 2024 recipient was Occidental College ($35K). Together the top 2 received $70K.

Grant Size Distribution

13 grants across all recorded years

13<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 13 grants of 13 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 2 itemized grants.

Cities

FalmouthLos AngelesNew York

How Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department gives

  • Giving held roughly steady from 2021 to 2024 (−1%). Method
  • In 2024 it paid out 100% 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

$0$20K$40K$60K$80K3 grants2020 3 grants2021 3 grants2022 2 grants2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $70K (2024) to $78K (2020). In 2024 it made 2 grants totaling $70K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Occidental College Los Angeles, CAFor Student Education$34,750
Maine Audubon Society Falmouth, MEConservation$34,750
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$585,465$156,880$90,264$69,5002$69,500$136,116$69,591
2023$518,849$68,704$72,050$71,0002$71,000$67,654$70,324
2022$522,195$43,557$82,520$76,5003$76,500$48,189$70,347
2021$561,158$86,656$75,000$70,0003$70,000$86,691$76,377
2020$549,502$104,421$91,139$77,5003—$95,895$71,164

Under IRS private-foundation payout rules, Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department reported a distributable amount of $70K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Robert Ridland

    Trustee & Manager

    On filings since 2020

    5 hrs/week

    $5K (2020) → $0 (2024)

  • Marilyn M. Ridland

    Trustee

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2022 IRS filing

Robert Ridland — Trustee/Manager: $5KRobert RidlandTrustee/Manager$5K

The highest reported compensation on the 2022 filing was $5K, to Robert Ridland (Trustee/Manager).

Frequently asked questions about Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department

How much does Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department give each year?

Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department gave $70K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $71K across 2 grants.

How large is Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department?

Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department reported $585K in total assets on its 2024 IRS Form 990-PF. It paid out $70K in qualifying distributions that year, against a required minimum of $70K (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 Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department operate?

Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department has awarded grants in California, Maine, New York.

What is Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department's EIN?

Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department's EIN (Employer Identification Number) is 88-6006965. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Borestone Mountain Poetry Awards Fndn Co Wells Fargo Bank Trust Department'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.

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