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Lester B Millard Testamentary Trust is a private trust based in ONTARIO, CA. The foundation received its IRS ruling in 1963. The principal officer is Citizens Business Bank Ttee. It holds total assets of $1.8M. Annual income is reported at $565K. The foundation is governed by 1 officer or trustee. 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, Lester B Millard Testamentary Trust has made 10 grants totaling $610K, with a median grant of $58K. The foundation has distributed between $116K and $251K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $251K distributed across 4 grants. Individual grants have ranged from $100 to $126K, with an average award of $61K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in California. 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.
Lester B Millard Testamentary Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in CA.
Lester B Millard Testamentary Trust has distributed a total of $610K across 10 grants. The median grant size is $58K, with an average of $61K. Individual grants have ranged from $100 to $126K.
Lester B Millard Testamentary Trust typically selects its grantees rather than accepting unsolicited proposals.
Lester B Millard Testamentary Trust is headquartered in ONTARIO, CA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Citizens Business Bank | TRUSTEE | $17K | $0 | $17K |
Total Giving
$146K
Total Assets
$1.8M
Fair Market Value
$1.7M
Net Worth
$1.8M
Grants Paid
$126K
Contributions
N/A
Net Investment Income
$53K
Distribution Amount
$114K
Total: $1.4M
Total Grants
10
Total Giving
$610K
Average Grant
$61K
Median Grant
$58K
Unique Recipients
2
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First Congregational Church-PasaGENERAL USE | Pasadena, CA | $125K | 2023 |
| United Way - Greater Los AngelesGENERAL USE | Los Angeles, CA | $100 | 2023 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA