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Frank G Otte Charitable Trust is a private trust based in DENVER, CO. The foundation received its IRS ruling in 2018. It holds total assets of $6.3M. Annual income is reported at $6.6M. The foundation is governed by 1 officer or trustee. 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 2017 to 2023. According to available records, Frank G Otte Charitable Trust has made 8 grants totaling $180K, with a median grant of $12K. Annual giving has grown from $25K in 2021 to $122K in 2023. Individual grants have ranged from $5K to $100K, with an average award of $23K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in Florida and Kentucky and Indiana. 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.
Frank G Otte Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in FL, KY, IN.
Frank G Otte Charitable Trust has distributed a total of $180K across 8 grants. The median grant size is $12K, with an average of $23K. Individual grants have ranged from $5K to $100K.
Frank G Otte Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Frank G Otte Charitable Trust is headquartered in DENVER, CO. While based in CO, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Frank G Otte | SETTLOR AND | $0 | $0 | N/A |
Total Giving
$131K
Total Assets
$519K
Fair Market Value
$630K
Net Worth
$519K
Grants Paid
$122K
Contributions
N/A
Net Investment Income
$8K
Distribution Amount
$32K
Total: N/A
Total Grants
8
Total Giving
$180K
Average Grant
$23K
Median Grant
$12K
Unique Recipients
7
Most Common Grant
$12K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lakewood CenterCHARITABLE | Fern Park, FL | $100K | 2023 |
| Holy Spirit Catholic ChurchCHARITABLE | Indianapolis, IN | $12K | 2023 |
| St Mary'S CenterCHARITABLE | Louisville, KY | $5K | 2023 |
| WaterstepCHARITABLE | Louisville, KY | $5K | 2023 |
| St Patrick Catholic ChurchCHARITABLE | Louisville, KY | $12K | 2022 |
| St John Xxiii Catholic ChurchCHARITABLE | Fort Myers, FL | $12K | 2022 |
| La Amistad FoundationCHARITABLE | Fern Park, FL | $9K | 2022 |