Swenson Richard I Testamentary Trust

SALEM, OR EIN: 93-6169792

Swenson Richard I Testamentary Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALEM, OR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $605K in total assets. In 2024, it awarded 4 grants totaling $23K. Net investment income was $53K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$605K

+4.2% YoY

Annual Giving

$23K

-8.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$6K

-8.8% YoY

Under IRS private-foundation payout rules, Swenson Richard I Testamentary Trust reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.

About Swenson Richard I Testamentary Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Oregon $119K (100%)

States

Oregon

Cities

Monmouth

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$604,674	$580,213	$595,262
Revenue	$58,017	$19,589	$19,481
Expenses	$33,280	$34,640	$41,238
Qualifying Distributions	$27,829	$29,620	$35,432
Net Investment Income	$52,616	$14,395	$14,717
Distributable Amount	$31,846	$29,446	$30,212

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

20 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Polk County Historical Society ($5,717), Western Oregon University ($5,717), City of Monmouth Public Library ($5,717).

Recipient	Purpose	Amount
POLK COUNTY HISTORICAL SOCIETY Monmouth, OR	PROGRAM SUPPORT	$5,717
WESTERN OREGON UNIVERSITY MONMOUTH, OR	PROGRAM SUPPORT	$5,717
CITY OF MONMOUTH PUBLIC LIBRARY MONMOUTH, OR	PROGRAM SUPPORT	$5,717
FIRST CHRISTIAN CHURCH MONMOUTH DBA MONMOUTH, OR	PROGRAM SUPPORT	$5,717

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
COLUMBIA TRUST COMPANY	TRUSTEE	1	$9,221

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Swenson Richard I Testamentary Trust?

Swenson Richard I Testamentary Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALEM, OR. It holds $605K in total assets as of 2024.

How large is Swenson Richard I Testamentary Trust?

As of 2024, Swenson Richard I Testamentary Trust holds $605K in total assets with $58K in annual revenue. It awarded 4 grants totaling $23K in 2024.

Where does Swenson Richard I Testamentary Trust operate?

Swenson Richard I Testamentary Trust has awarded grants in Oregon.

What size grants does Swenson Richard I Testamentary Trust award?

In 2024, Swenson Richard I Testamentary Trust awarded 4 grants totaling $23K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is Swenson Richard I Testamentary Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Swenson Richard I Testamentary Trust reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Swenson Richard I Testamentary Trust's EIN?

Swenson Richard I Testamentary Trust's EIN (Employer Identification Number) is 93-6169792. IRS Form 990 filing data is available on this page for 2020–2024.