Frazee Niles Community Library Fnd Tr
Frazee Niles Community Library Fnd Tr is a private foundation, based in South Bend, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $629K in total assets. In 2025, it awarded 1 grant totaling $47K. Net investment income was $42K.
Frazee Niles Community Library Fnd Tr at a glance
In short: Frazee Niles Community Library Fnd Tr gave $47K across 1 grant in 2025 (avg $47K), mostly in Michigan. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $46,731
- +5.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $46,731
- +5.6% vs 2024
- Median grant
- $46,731
- Total assets
- $628,594
- -0.8% vs 2024
- Primary geography
- Michigan (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Frazee Niles Community Library Fnd Tr funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Niles District Library ($47K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Frazee Niles Community Library Fnd Tr gives
- Giving held roughly steady from 2022 to 2025 (−3%). Method
- In 2025 it paid out 96% 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 2025, annual grant giving ranged from $44K (2024) to $48K (2022). In 2025 it made 1 grant totaling $47K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Niles District Library Niles, MI | Charitable | $46,731 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $628,594 | $54,682 | $59,486 | $46,731 | 1 | $46,731 | $42,043 | $48,740 |
| 2024 | $633,721 | $57,512 | $55,939 | $44,259 | 1 | $51,529 | $30,932 | $44,781 |
| 2023 | $632,234 | $17,949 | $59,007 | $47,894 | 1 | $47,894 | $18,019 | $42,965 |
| 2022 | $673,459 | $38,498 | $62,455 | $48,293 | 1 | $56,208 | $34,175 | $49,035 |
| 2021 | $697,950 | $90,402 | $56,638 | $45,007 | 1 | — | $86,401 | $46,776 |
| 2020 | $663,788 | $19,772 | $56,757 | $45,960 | 1 | — | $18,740 | $43,773 |
Under IRS private-foundation payout rules, Frazee Niles Community Library Fnd Tr reported a distributable amount of $49K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Frazee Niles Community Library Fnd Tr's only listed officer is 1st Source Bank, Successor Trustee since 2025 (on filings since 2020) (compensated).
Officers on the 2025 filing
1st Source Bank
Successor Trustee
Successor Tr → Successor Trustee, 2025
On filings since 2020
$9K (2020) → $10K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $10K, to 1st Source Bank (Successor Trustee).
Frequently asked questions about Frazee Niles Community Library Fnd Tr
How much does Frazee Niles Community Library Fnd Tr give each year?
Frazee Niles Community Library Fnd Tr gave $47K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $44K across 1 grant.
How large is Frazee Niles Community Library Fnd Tr?
Frazee Niles Community Library Fnd Tr reported $629K in total assets on its 2025 IRS Form 990-PF. It paid out $47K in qualifying distributions that year, against a required minimum of $49K (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.
Where does Frazee Niles Community Library Fnd Tr operate?
Frazee Niles Community Library Fnd Tr has awarded grants in Michigan.
What is Frazee Niles Community Library Fnd Tr's EIN?
Frazee Niles Community Library Fnd Tr's EIN (Employer Identification Number) is 35-6502859. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 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 2020–2025
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