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Armina Brownell Library Fund is a private trust based in WINTERSET, IA. The foundation received its IRS ruling in 1973. The principal officer is Jerrold B Oliver. It holds total assets of $231K. Annual income is reported at $25K. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Armina Brownell Library Fund has made 8 grants totaling $45K, with a median grant of $5K. Annual giving has grown from $8K in 2020 to $16K in 2023. Individual grants have ranged from $4K to $8K, with an average award of $6K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Armina Brownell Library Fund is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in IA.
Armina Brownell Library Fund has distributed a total of $45K across 8 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $4K to $8K.
Armina Brownell Library Fund typically selects its grantees rather than accepting unsolicited proposals. The only beneficiaries from this trust are the winterset community school district and the winterset public library. The sole purpose of the trust is to purchase nonfiction books for the two entities. The income from the trust is used approximately equal to purchase these books. No applications are required by them.
Armina Brownell Library Fund is headquartered in WINTERSET, IA.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Farmers Merchants State Bank | Trustee | $2K | $0 | $2K |
| Jerrold B Oliver | Trustee | $100 | $0 | $100 |
| James R Nelson | Trustee | $100 | $0 | $100 |
Total Giving
$19K
Total Assets
$232K
Fair Market Value
$329K
Net Worth
$232K
Grants Paid
$16K
Contributions
N/A
Net Investment Income
$17K
Distribution Amount
$16K
Total: $190K
Total Grants
8
Total Giving
$45K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
2
Most Common Grant
$4K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Winterset Public LibraryBOOKS FOR PUBLIC LIBRARY | Winterset, IA | $8K | 2023 |
| Winterset Community SchoolsBOOKS FOR SCHOOL LIBRARY | Winterset, IA | $8K | 2023 |