Farmers Bank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MAGNOLIA, AR. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $32K in total assets. In 2024, it awarded 12 grants totaling $101K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$32K
+25.8% YoY
Annual Giving
$101K
+62.0% YoY
Grant Count
12
+9.1% YoY
Avg Grant Size
$8K
+48.5% YoY
Under IRS private-foundation payout rules, Farmers Bank Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Farmers Bank Foundation
Based on IRS filings
Farmers Bank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MAGNOLIA, AR. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $32K in total assets. In 2024, it awarded 12 grants totaling $101K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $32,100 | $25,524 | $25,616 |
| Revenue | $215,076 | $71,612 | $187,678 |
| Expenses | $208,500 | $71,704 | $162,062 |
| Qualifying Distributions | $102,195 | $68,729 | $159,495 |
| Net Investment Income | — | — | — |
| Distributable Amount | $2,058 | $1,354 | $129 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Arkansas State Police Foundation ($26,084), Texarkana College ($14,200), Arkansas Community Foundation - Hope Legacy Fund ($12,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ARKANSAS 4-H FOUNDATION INC LITTLE ROCK, AR | DONATION FOR STUDENTS TO ATTEND 4H NATIONAL EVENT | $1,500 |
| ARKANSAS 4-H FOUNDATION INC LITTLE ROCK, AR | DONATION FOR CONGRESS SONSORSHIP | $1,500 |
| ARKANSAS COMMUNITY FOUNDATION - HOPE LEGACY FUND LITTLE ROCK, AR | SCHOLARSHIP FUND FOR HOPE PUBLIC SCHOOLS | $12,500 |
| ARKANSAS STATE POLICE FOUNDATION LITTLE ROCK, AR | GENERAL DONATION TO ARKANSAS STATE POLICE FOUNDATION FROM FUNDRAISER | $26,084 |
| DEVELOPING HOWARD COUNTY NASHVILLE, AR | DONATION TO COVER EXPENSES OF COMMUNITY DEVELOPMENT | $5,000 |
| HARMONEY GROVE SCHOOL DISTRICT BENTON, AR | DONATION TO COVER COST OF TURF FOR SCHOOL | $2,500 |
| MT VERNON VOLUNTEER FIRE DEPARTMENT WALDO, AR | GENERAL DONATION TO FIRE DEPARMTNET | $2,500 |
| RAZORBACK FOUNDATION FAYETTEVILLE, AR | ANNUAL DONATION FOR ATHLETIC TICKETS | $10,000 |
| TEXARKANA COLLEGE TEXARKANA, TX | ANNUAL DONATION FOR A DIGITAL SIGNAGE | $14,200 |
| TEXAS A&M TEXARKANA FOUNDATION TEXARKANA, TX | ANNUAL DONATION FOR GENERAL USE | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MRS ELIZABETH ANDERSON | EXECUTIVE DIRECTOR | 20 | — |
| MR BRUCE MALOCH | BOARD MEMBER | 1 | — |
| MR CHRISTOPHER GOSNELL | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Farmers Bank Foundation?
Farmers Bank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MAGNOLIA, AR. It holds $32K in total assets as of 2024.
How large is Farmers Bank Foundation?
As of 2024, Farmers Bank Foundation holds $32K in total assets with $215K in annual revenue. It awarded 12 grants totaling $101K in 2024.
Where does Farmers Bank Foundation operate?
Farmers Bank Foundation has awarded grants in Arkansas, Texas.
What size grants does Farmers Bank Foundation award?
In 2024, Farmers Bank Foundation awarded 12 grants totaling $101K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Farmers Bank Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Farmers Bank Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2024.
Explore Open Grants
Browse active grant opportunities in Farmers Bank Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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