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Farmers Bank Foundation

Private foundation · Grantmaker Magnolia, AR EIN: 86-3563014 Website

Farmers Bank Foundation is a private foundation based in Magnolia, Arkansas. Established in 2021 in recognition of Farmers Bank & Trust’s 115th anniversary, it supports local nonprofit organizations working to improve quality of life in communities where the bank’s customers and employees live and work. The foundation says it operates independently from the bank.

Key facts about Farmers Bank Foundation

In short: Farmers Bank Foundation gave $92K across 13 grants in 2025 (avg $7K), mostly in Arkansas. 18% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
86-3563014
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$91,788
Grants made (2025)
13
Average grant
$7,061
Median grant
$6,138
New grantees (estimate)
18% first-time grantees (2 of 11, 2025)
Total assets
$26,737
Primary geography
Arkansas (58% of itemized 2025 grant dollars)
Accepts unsolicited proposals
No

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$27K

-16.7% YoY

Annual Giving

$92K

-8.9% YoY

Grant Count

13

+8.3% YoY

Avg Grant Size

$7K

-15.9% YoY

Under IRS private-foundation payout rules, Farmers Bank Foundation reported a distributable amount of $1K for 2025 — the minimum it must pay out in qualifying distributions.

Is Farmers Bank Foundation open to new grantees?

18%

first-time grantees, 2025

In 2025, 2 of 11 grantees (18%) were first-time recipients. First grants averaged $8K; repeat grants $9K. How we count

Medians: $8K first-time, $6K repeat.

  • 55% of 2025 grantees were also funded in 2024. Method
  • Giving fell 35% from 2022 to 2025. Method
  • In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The foundation describes its purpose as supporting local nonprofits whose missions enrich quality of life in the communities where Farmers Bank & Trust customers and employees live. Its stated giving priorities are veterans, law enforcement and civic workers, education, and wellness.

Its 2025 grants included support for education-related organizations and projects, such as college signage, scholarships, naming rights, and workforce development; general operating support; event sponsorships; and a school football-field turf project. Among the grantees, Texarkana College Foundation describes its mission as enhancing the college’s reputation and providing external resources for its priorities. The University of Arkansas Hope-Texarkana Foundation says its primary purpose is to advance higher education by securing private support for the university. Other grantees describe missions including supporting intercollegiate athletics, bringing the arts to Columbia County, helping women and girls achieve their potential, supporting Arkansas State Police, and providing youth development opportunities through 4-H.

Grantmaking

In 2025, the foundation reported 13 grants totaling $91,788. Grant amounts ranged from $1,250 to $14,200, with a median grant of $6,138.

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Geographic Focus

Where this funder awards grants

The foundation says it supports local nonprofits in communities across Arkansas, Texas, and Oklahoma where Farmers Bank & Trust customers and employees live and work. Its 2025 filing reports that 58% of grant dollars went to recipients in Arkansas and 42% to recipients in Texas.

Grant Distribution by State

2states

Share of 2025 grant dollars across all 13 itemized grants.

Cities

Little RockTexarkanaBentonFayettevilleHopeMagnoliaParisNashvilleBlossumMcKinneyNew BostonPrescottProsperWaldo

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K3 grants2021 20 grants2022 11 grants2023 12 grants2024 13 grants2025

From 2021 to 2025, annual grant giving ranged from $16K (2021) to $142K (2022). In 2025 it made 13 grants totaling $92K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Texarkana College Foundation Inc: $28K across 2 grantsTexarkana College FoundationInc$28K · 2 grantsArkansas Community Foundation - Hope Legacy Fund: $13KArkansas Community Foundation- Hope Legacy Fund$13KRazorback Foundation: $10KRazorback Foundation$10KTexas A&M University-Texarkana: $10KTexas A&M University-Texarkana$10KUniversity of Arkansas Hope-Texarkana: $10KUniversity of ArkansasHope-Texarkana$10KMagnolia Arts Council Inc: $6KMagnolia Arts Council Inc$6KWomens Foundation of Arkansas: $5KWomens Foundation of Arkansas$5KArkansas 4-H Foundation Inc: $3K across 2 grantsArkansas 4-H Foundation Inc$3K · 2 grantsArkansas State Police Foundation: $3KArkansas State PoliceFoundation$3KHarmoney Grove School District: $3KHarmoney Grove School District$3K

The largest 2025 recipient was Texarkana College Foundation Inc ($28K across 2 grants). Together the top 10 received $91K.

Grant Size Distribution

59 grants across all recorded years

59<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 59 grants of 59 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Texarkana College Foundation Inc Texarkana, TXDonation to fund a digital sign at the front of the school$14,200
Texarkana College Foundation Inc Texarkana, TXAnnual Donation for College Signage$14,200
Arkansas Community Foundation - Hope Legacy Fund Little Rock, ARAnnual donation to benefit the scholarship fund at hope public schools$12,500
Razorback Foundation Fayetteville, ARDonation for General Operating Support$10,000
Texas A&M University-Texarkana Texarkana, TXAnnual donation for naming rights to the presidents boardroom$10,000
University of Arkansas Hope-Texarkana Hope, ARAnnual donation for naming rights to the workforce development building$10,000
Magnolia Arts Council Inc Magnolia, ARDonation for General Operating Support$6,138
Womens Foundation of Arkansas Little Rock, ARSponsorship for Their Annual Event$5,000
Arkansas State Police Foundation Little Rock, ARDonation for General Operating Support$3,000
Harmoney Grove School District Benton, ARTurf for Football Field$2,500

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants Grant count
2025 $26,737 $173,632 $178,995 $91,788 13
2024 $32,100 $215,076 $208,500 $100,784 12
2023 $25,524 $71,612 $71,704 $62,230 11
Revenue
Expenses
Qualifying Distributions
$0$100K$200K$300K2021 2022 2023 2024 2025
Metric202520242023
Total Assets$26,737$32,100$25,524
Revenue$173,632$215,076$71,612
Expenses$178,995$208,500$71,704
Qualifying Distributions$94,676$102,195$68,729
Distributable Amount$1,366$2,058$1,354

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
  2. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
  3. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
  4. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
  5. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 15, 2026)
  6. IRS filings on file for fiscal years 2021–2025

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists Elizabeth Anderson as executive director and Bruce Maloch and Christopher Gosnell as board members. The foundation’s website identifies its executive director as Elizabeth Burns Anderson.

Farmers Bank Foundation is led by Elizabeth Anderson, Executive Director on every filing since 2023; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Elizabeth Anderson

    Executive Director

    On filings since 2023

    20 hrs/week

    No compensation reported

  • Bruce Maloch

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Christopher Gosnell

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: 222 N Pine Street, Magnolia, AR 71753
Phone: (501) 580-5717
Website: https://www.myfarmers.bank/farmersbankfoundation

Frequently asked questions about Farmers Bank Foundation

How much does Farmers Bank Foundation give each year?

Farmers Bank Foundation gave $92K across 13 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $101K across 12 grants.

What is Farmers Bank Foundation's typical grant size?

Farmers Bank Foundation's median grant in 2025 was $6,138, and its average grant was $7,061, across 13 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Farmers Bank Foundation that year got $8K on average.

Where does Farmers Bank Foundation give grants?

Farmers Bank Foundation gives mostly in Arkansas: 58% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Texas (42%). The most frequent recipient cities were Little Rock, AR (5 grants) and Texarkana, TX (3 grants).

Does Farmers Bank Foundation give general operating support?

Yes: 23% of Farmers Bank Foundation's 2025 grants with a stated purpose (3 of 13) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Farmers Bank Foundation's largest grantees?

Farmers Bank Foundation's largest 2025 grantees include Texarkana College Foundation Inc ($28,400 across 2 grants), Arkansas Community Foundation - Hope Legacy Fund ($12,500) and Razorback Foundation ($10,000), according to its 2025 IRS Form 990-PF. Together they received 55% of its itemized 2025 grant dollars.

How large is Farmers Bank Foundation?

Farmers Bank Foundation reported $27K in total assets on its 2025 IRS Form 990-PF. It paid out $95K in qualifying distributions that year, against a required minimum of $1K (roughly 5% of its investment assets).

What does Farmers Bank Foundation fund?

The foundation describes its purpose as supporting local nonprofits whose missions enrich quality of life in the communities where Farmers Bank & Trust customers and employees live. Its stated giving priorities are veterans, law enforcement and civic workers, education, and wellness. See mission & focus areas ↑

How do I apply for a grant from Farmers Bank Foundation?

Farmers Bank Foundation does not accept unsolicited proposals, according to Grantable's research on its published guidelines. Check myfarmers.bank for any change to that policy.

What is Farmers Bank Foundation's EIN?

Farmers Bank Foundation's EIN (Employer Identification Number) is 86-3563014. IRS Form 990 filing data is available on this page for 2021–2025.

Does Farmers Bank Foundation accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

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

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