Frank M & Alice M Farr Trust

Foundation · Grantmaker AURORA, NE EIN: 47-6144457

Frank M & Alice M Farr Trust is a private foundation, based in AURORA, NE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.8M in total assets. In 2024, it awarded 9 grants totaling $227K. Net investment income was $157K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.8M

-2.6% YoY

Annual Giving

$227K

-8.4% YoY

Grant Count

-25.0% YoY

Avg Grant Size

$25K

+22.2% YoY

Under IRS private-foundation payout rules, Frank M & Alice M Farr Trust reported a distributable amount of $318K for 2024 — the minimum it must pay out in qualifying distributions.

About Frank M & Alice M Farr Trust

Based on IRS filings

Your AI grants department

Ready to take the next step with Frank M & Alice M Farr Trust?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Nebraska $1.2M (100%)

States

Nebraska

Cities

AuroraGiltnerGrand IslandHamptonMarquette

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,825,042	$4,951,449	$4,846,253
Revenue	$160,685	$402,568	$82,393
Expenses	$287,092	$297,372	$309,371
Qualifying Distributions	$277,857	$294,174	$301,505
Net Investment Income	$157,418	$399,967	$79,232
Distributable Amount	$317,990	$278,693	$293,338

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Grant Size Distribution

54 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Hamilton Community Foundation ($74,630), Bremer Community Center ($50,000), Hampton Public Schools Foundation ($50,000).

Recipient	Purpose	Amount
HEARTLAND UNITED WAY GRAND ISLAND, NE	IMAGINATION LIBRARY	$5,500
HAMILTON RECREATION INC AURORA, NE	DISC GOLF	$5,000
AURORA DIAMOND SPORTS LLC AURORA, NE	MOWER	$7,450
EDGERTON EXPLORIT CENTER AURORA, NE	EVERBRIGHT EXHIBIT	$17,625
HAMILTON COUNTY FOOD PANTRY AURORA, NE	CAN CARE-A-VAN	$2,500
BREMER COMMUNITY CENTER AURORA, NE	PAC PURCHASE	$50,000
HAMPTON PUBLIC SCHOOLS FOUNDATION HAMPTON, NE	HAMPTON DAYCARE CENTER	$50,000
HEARTLAND UNITED WAY GRAND ISLAND, NE	IMAGINATION LIBRARY	$13,855
HAMILTON COMMUNITY FOUNDATION AURORA, NE	FARR FUND	$74,630

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
HERITAGE BANK	CO-TRUSTEE	—	$39,297
EMILY JASNOWSKI	CO-TRUSTEE	—	$12,000

Frequently Asked Questions

How large is Frank M & Alice M Farr Trust?

As of 2024, Frank M & Alice M Farr Trust holds $4.8M in total assets with $161K in annual revenue. It awarded 9 grants totaling $227K in 2024.

Where does Frank M & Alice M Farr Trust operate?

Frank M & Alice M Farr Trust has awarded grants in Nebraska.

What size grants does Frank M & Alice M Farr Trust award?

In 2024, Frank M & Alice M Farr Trust awarded 9 grants totaling $227K — an average of about $25K per grant, based on its IRS Form 990 filings.

How much is Frank M & Alice M Farr Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank M & Alice M Farr Trust reported a distributable amount of $318K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.