Farmers Bank Foundation
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.
Farmers Bank Foundation at a glance
In short: Farmers Bank Foundation gave $92K across 13 grants in 2025 (avg $7K), mostly in Arkansas. 9% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $91,788
- -8.9% vs 2024
- Grants made (2025)
- 13
- +8.3% vs 2024
- Average grant
- $7,061
- -15.9% vs 2024
- Median grant
- $6,138
- Total assets
- $26,737
- -16.7% vs 2024
- New grantees (estimate)
- 9% first-time grantees (1 of 11, 2025; small sample)
- Primary geography
- Arkansas (58% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Farmers Bank Foundation
- Accepts unsolicited proposals
- No
- Contact
Mailing address: 222 N Pine Street, Magnolia, AR 71753
Phone: (501) 580-5717
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Farmers Bank Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
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
The most common grant size was under $50K: 59 grants of 59 (100%).
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
Share of 2025 grant dollars across all 13 itemized grants.
Cities
Is Farmers Bank Foundation open to new grantees?
9%
first-time grantees, 2025
In 2025, 1 of 11 grantees (9%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. First grants averaged $5K; repeat grants $9K. How we count
Medians: $5K first-time, $8K repeat.
- 73% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $16K (2021) to $142K (2022). In 2025 it made 13 grants totaling $92K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Texarkana College Foundation Inc Texarkana, TX | Donation to fund a digital sign at the front of the school | $14,200 |
| Texarkana College Foundation Inc Texarkana, TX | Annual Donation for College Signage | $14,200 |
| Arkansas Community Foundation - Hope Legacy Fund Little Rock, AR | Annual donation to benefit the scholarship fund at hope public schools | $12,500 |
| Razorback Foundation Fayetteville, AR | Donation for General Operating Support | $10,000 |
| Texas A&M University-Texarkana Texarkana, TX | Annual donation for naming rights to the presidents boardroom | $10,000 |
| University of Arkansas Hope-Texarkana Hope, AR | Annual donation for naming rights to the workforce development building | $10,000 |
| Magnolia Arts Council Inc Magnolia, AR | Donation for General Operating Support | $6,138 |
| Womens Foundation of Arkansas Little Rock, AR | Sponsorship for Their Annual Event | $5,000 |
| Arkansas State Police Foundation Little Rock, AR | Donation for General Operating Support | $3,000 |
| Harmoney Grove School District Benton, AR | Turf for Football Field | $2,500 |
Ready to take the next step with Farmers Bank Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $26,737 | $173,632 | $178,995 | $91,788 | 13 | $94,676 | $1,366 |
| 2024 | $32,100 | $215,076 | $208,500 | $100,784 | 12 | $102,195 | $2,058 |
| 2023 | $25,524 | $71,612 | $71,704 | $62,230 | 11 | $68,729 | $1,354 |
| 2022 | $25,616 | $187,678 | $162,062 | $141,927 | 20 | $159,495 | $129 |
| 2021 | — | $15,604 | $15,604 | $15,577 | 3 | $15,604 | $15 |
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.
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.
Notable 2025 grants included two grants of $14,200 each to Texarkana College Foundation for school signage; $12,500 to Arkansas Community Foundation – Hope Legacy Fund for a scholarship fund at Hope Public Schools; $10,000 to Razorback Foundation for general operating support; $10,000 to Texas A&M University-Texarkana for naming rights to the president’s boardroom; and $10,000 to the University of Arkansas Hope-Texarkana for naming rights to its workforce development building. Other reported grants included $6,138 to Magnolia Arts Council, $5,000 to Women’s Foundation of Arkansas, and $3,000 to Arkansas State Police Foundation.
The foundation’s 2024 filing states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Its website also provides a contribution-request form. The form asks for organizational and project information, including the project’s purpose, other funding sources, total project cost, and requested amount. For a first-time request, it asks for an IRS letter confirming charitable tax-exempt status and a board of directors list; additional supporting documents may also be attached.
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 2021
1 hr/week
No compensation reported
Christopher Gosnell
Board Member
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: M Elizabeth Anderson (2021–2022) — Executive Director
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
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 $5K 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.
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 October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 15, 2026)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Farmers Bank Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Farmers Bank Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Farmers Bank Foundation funder profile. GrantGraph. Retrieved October 22, 2026, from https://grantable.co/funders/farmers-bank-foundation-morg_2ac0c99456804d748a2ea33067aedb88
BibTeX
@misc{grantable_863563014_2026,
author = {{Grantable}},
title = {{Farmers Bank Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/farmers-bank-foundation-morg_2ac0c99456804d748a2ea33067aedb88},
note = {Accessed 2026-10-22. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Farmers Bank Foundation'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.
Farmers Bank Foundation down — hundreds of funders to go?