Frank M & Alice M Farr Trust
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.
Frank M & Alice M Farr Trust at a glance
In short: Frank M & Alice M Farr Trust gave $227K across 9 grants in 2024 (avg $25K), mostly in Nebraska. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $226,560
- -8.4% vs 2023
- Grants made (2024)
- 9
- -25.0% vs 2023
- Average grant
- $25,173
- +22.2% vs 2023
- Median grant
- $13,855
- Total assets
- $4,825,042
- -2.6% vs 2023
- Primary geography
- Nebraska (100% 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 Frank M & Alice M Farr Trust funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Hamilton Community Foundation ($75K). Together the top 8 received $227K.
Grant Size Distribution
54 grants across all recorded years
The most common grant size was under $50K: 44 grants of 54 (81%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
States
Cities
How Frank M & Alice M Farr Trust gives
- Giving held roughly steady from 2021 to 2024 (+5%). Method
- In 2024 it paid out 87% 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
From 2020 to 2024, annual grant giving ranged from $216K (2021) to $261K (2022). In 2024 it made 9 grants totaling $227K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hamilton Community Foundation Aurora, NE | Farr Fund | $74,630 |
| Bremer Community Center Aurora, NE | Pac Purchase | $50,000 |
| Hampton Public Schools Foundation Hampton, NE | Hampton Daycare Center | $50,000 |
| Edgerton Explorit Center Aurora, NE | Everbright Exhibit | $17,625 |
| Heartland United Way Grand Island, NE | Imagination Library | $13,855 |
| Aurora Diamond Sports LLC Aurora, NE | MOWER | $7,450 |
| Heartland United Way Grand Island, NE | Imagination Library | $5,500 |
| Hamilton Recreation Inc Aurora, NE | Disc Golf | $5,000 |
| Hamilton County Food Pantry Aurora, NE | Can Care-a-Van | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,825,042 | $160,685 | $287,092 | $226,560 | 9 | $277,857 | $157,418 | $317,990 |
| 2023 | $4,951,449 | $402,568 | $297,372 | $247,298 | 12 | $294,174 | $399,967 | $278,693 |
| 2022 | $4,846,253 | $82,393 | $309,371 | $261,186 | 16 | $301,505 | $79,232 | $293,338 |
| 2021 | $5,073,231 | $347,537 | $273,003 | $215,772 | 9 | $255,444 | $340,891 | $302,940 |
| 2020 | $4,998,697 | $1,114,283 | $277,114 | $228,657 | 8 | — | $1,114,079 | $255,444 |
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.
Leadership & Key People
Officers and directors from IRS filings
Frank M & Alice M Farr Trust's 2024 filing lists 2 officers; all 2 officers listed in 2024 are compensated.
Officers on the 2024 filing
Heritage Bank
Co-Trustee
On filings since 2020
$32K (2020) → $39K (2024)
Emily Jasnowski
Co-Trustee
On filings since 2022
$3K (2022) → $12K (2024)
Former officers (1)
- Former: James E. Koepke (2020) — Co-Trustee
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 2024 IRS filing
The highest reported compensation on the 2024 filing was $39K, to Heritage Bank (Co-Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Frank M & Alice M Farr Trust
How much does Frank M & Alice M Farr Trust give each year?
Frank M & Alice M Farr Trust gave $227K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $247K across 12 grants.
What is Frank M & Alice M Farr Trust's typical grant size?
Frank M & Alice M Farr Trust's median grant in 2024 was $13,855, and its average grant was $25,173, across 9 grants on its 2024 IRS Form 990-PF.
Where does Frank M & Alice M Farr Trust give grants?
Frank M & Alice M Farr Trust gives mostly in Nebraska: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Aurora, NE (6 grants) and Grand Island, NE (2 grants).
Does Frank M & Alice M Farr Trust give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on Frank M & Alice M Farr Trust's 2024 IRS Form 990-PF were described as general or operating support.
Who are Frank M & Alice M Farr Trust's largest grantees?
Frank M & Alice M Farr Trust's largest 2024 grantees include Hamilton Community Foundation ($74,630), Bremer Community Center ($50,000) and Hampton Public Schools Foundation ($50,000), according to its 2024 IRS Form 990-PF. Together they received 77% of its itemized 2024 grant dollars.
How large is Frank M & Alice M Farr Trust?
Frank M & Alice M Farr Trust reported $4.8M in total assets on its 2024 IRS Form 990-PF. It paid out $278K in qualifying distributions that year, against a required minimum of $318K (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.
What is Frank M & Alice M Farr Trust's EIN?
Frank M & Alice M Farr Trust's EIN (Employer Identification Number) is 47-6144457. 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
- IRS filings on file for fiscal years 2020–2024
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