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Virgil Adkins Life Ins Trust is a private trust based in SAINT CLOUD, MN. The foundation received its IRS ruling in 2002. The principal officer is Bremer Trust Na. It holds total assets of $1.2M. Annual income is reported at $591K. 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 2016 to 2023. Grantmaking is concentrated in Minnesota. According to available records, Virgil Adkins Life Ins Trust has made 20 grants totaling $264K, with a median grant of $10K. The foundation has distributed between $61K and $142K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $142K distributed across 10 grants. Individual grants have ranged from $5K to $28K, with an average award of $13K. The foundation has supported 7 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$9K
Average Grant
$12K
Largest Grant
$24K
Based on 5 grants from the most recent 990-PF filing.
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.
Virgil Adkins Life Ins Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in MN.
Virgil Adkins Life Ins Trust has distributed a total of $264K across 20 grants. The median grant size is $10K, with an average of $13K. Individual grants have ranged from $5K to $28K.
Virgil Adkins Life Ins Trust typically selects its grantees rather than accepting unsolicited proposals.
Virgil Adkins Life Ins Trust is headquartered in SAINT CLOUD, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bremer Bank N A | TRUSTEE | $17K | $0 | $17K |
Total Giving
$79K
Total Assets
$1.2M
Fair Market Value
$1.3M
Net Worth
$1.2M
Grants Paid
$62K
Contributions
N/A
Net Investment Income
$70K
Distribution Amount
$62K
Total Grants
20
Total Giving
$264K
Average Grant
$13K
Median Grant
$10K
Unique Recipients
7
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Vision Loss Resources IncPROGRAM SUPPORT | Little Canada, MN | $25K | 2023 |
| Sight & Hearing AssnGRAL OPERATING CHARITABLE | St Paul, MN | $18K | 2023 |
| Courage Kenny FoundationPROGRAM SUPPORT | Minneapolis, MN | $9K | 2023 |
| Foley School DistrictSCHOLARSHIPS | Foley, MN | $5K | 2023 |
| Milaca Public SchoolsSCHOLARSHIPS | Milaca, MN | $5K | 2023 |
| Minneapolis Society For The BlindGRAL OPERATING CHARITABLE | Minneapolis, MN | $24K | 2020 |
| Sight & Hearing AssociationGRAL OPERATING CHARITABLE | St Paul, MN | $18K | 2020 |