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Farmers Bank Foundation is a private corporation based in MAGNOLIA, AR. The foundation received its IRS ruling in 2022. The principal officer is Elizabeth Anderson. It holds total assets of $32K. Annual income is reported at $215K. Total assets have grown from N/A in 2021 to $26K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. According to available records, Farmers Bank Foundation has made 23 grants totaling $158K, with a median grant of $5K. Annual giving has grown from $16K in 2021 to $142K in 2022. Individual grants have ranged from $500 to $17K, with an average award of $7K. The foundation has supported 22 unique organizations. Grants have been distributed to organizations in Arkansas and Texas. 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.
Farmers Bank Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 23 grants. Its grantmaking reaches organizations primarily in AR, TX.
Farmers Bank Foundation has distributed a total of $158K across 23 grants. The median grant size is $5K, with an average of $7K. Individual grants have ranged from $500 to $17K.
Farmers Bank Foundation typically selects its grantees rather than accepting unsolicited proposals.
Farmers Bank Foundation is headquartered in MAGNOLIA, AR. While based in AR, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mrs Elizabeth Anderson | EXECUTIVE DIRECTOR | $0 | $0 | N/A |
| Mr Bruce Maloch | BOARD MEMBER | $0 | $0 | N/A |
| Mr Christopher Gosnell | BOARD MEMBER | $0 | $0 | N/A |
Total Giving
$72K
Total Assets
$26K
Fair Market Value
$26K
Net Worth
$26K
Grants Paid
$62K
Contributions
$72K
Net Investment Income
N/A
Distribution Amount
$1K
Total Grants
23
Total Giving
$158K
Average Grant
$7K
Median Grant
$5K
Unique Recipients
22
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Callevent sponsorship | Little Rock, AR | $16K | 2022 |
| American Cancer Societya donation to purchase a table at Suits and Sneakers | Little Rock, AR | $5K | 2022 |
| Paris Police Officers Associationgeneral donation | Paris, TX | $17K | 2022 |
| Texarkana College Foundationdonation to purchase electronic sign | Texarkana, TX | $14K | 2022 |
| Arkansas Community Foundation - Hope Legacy Funddonation towards scholarships at the discretion of Hope Public Schools | Little Rock, AR | $13K | 2022 |
| Organization For Youth Education In Agriculture (Oyea)donation to purchase a agriculture trailer | Prescott, AR | $13K | 2022 |
| Razorback FoundationGeneral Donation | Fayetteville, AR | $10K | 2022 |
| Magnolia Fire DepartmentA donation to purchase equipment for truck | Magnolia, AR | $10K | 2022 |
| University Of Arkansas Hope-Texarkana FoundationDonation to construct a workforce development school | Hope, AR | $10K | 2022 |
| Grand Loveto provide scholarships at the discretion of Grand Love | Prosper, TX | $10K | 2022 |
| Texas A&M University Texarkanadonation towards scholarships at the discretion of the university. | Texarkana, TX | $10K | 2022 |
| Arkansas Game And Fish FoundationDonation to purchase a table at Hall of Fame dinner | Little Rock, AR | $5K | 2022 |
| Harmony Grove School DistrictA donation to benefit turf project at high school | Benton, AR | $3K | 2022 |
| Arkansas State Police Foundationto support state troopers | Little Rock, AR | $2K | 2022 |
| Prosper Fire Fighters AssociationGeneral Support | Mckinney, TX | $2K | 2022 |
| Howard County Childrens CenterA donation towards their annual golf tournament | Nashville, AR | $1K | 2022 |
| Prairieland Independent School DistrictGeneral Support | Blossum, TX | $500 | 2022 |
| Paris Trinity Christian Academy IncGeneral Support | Paris, TX | $500 | 2022 |
| Paris Independent School DistrictGeneral Support | Paris, TX | $500 | 2022 |
| Chisum Independent School DistrictGeneral Support | Paris, TX | $500 | 2022 |
| Texas A&M University -TexarkanaTo provide scholarships at the discretion of the university. | Texarkana, TX | $10K | 2021 |
| Magnolia Boys And Girls ClubDonation towards the new gym floor in larger gym | Magnolia, AR | $577 | 2021 |