Skip to content
Nonprofiteer
← ANNA K MEREDITH ENDOWMENT TRUST

Form 990 for tax year 2023

Filed by ANNA K MEREDITH ENDOWMENT TRUST.

Totals

Total revenue
$1,583,863
Total expenses
$2,346,664
Contributions and grants received
$0
Grants paid
$1,939,800
Program service revenue
$0
Investment income
$1,583,863
Other revenue
$0
Total assets, end of year
$55,061,452
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$55,061,452
Program services expenses (Part IX)
$1,939,800
Management and general expenses
$406,864
Fundraising expenses
$0
Program service expenses (Part III)
$1,939,800

Program services were 82.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $1,309,847 · excluded $1,309,847

  • 7a · Gross sales of assets other than inventory

    securities $13,925,445

  • 7b · Less cost or other basis and sales expenses

    securities $13,651,429

  • 7c · Gain or loss

    securities $274,016

  • 7d · Net gain or loss

    total $274,016 · related or exempt $274,016

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,939,800 · program services $1,939,800

  • 11b · Fees: legal

    total $1,350 · management and general $1,350

  • 11c · Fees: accounting

    total $2,396 · management and general $2,396

  • 11f · Fees: investment management

    total $116,579 · management and general $116,579

  • 11g · Fees: other

    total $1,210 · management and general $1,210

  • 24a · Other expenses: INVESTMENT ADVISORY FEE

    total $285,329 · management and general $285,329

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,597,999 · end of year $1,502,382

  • 11 · Investments: publicly traded securities

    beginning of year $52,226,250 · end of year $53,559,070

  • 27 · Net assets without donor restrictions

    beginning of year $55,824,249 · end of year $55,061,452

Mission and programs · 2023

Mission

FUNDING FOR EDMUNDSON ART FOUNDATION

  • ANNA K. MEREDITH DIED OCTOBER 4, 1981. UNDER THE TERMS OF HER WILL, 50,000 SHARES OF MEREDITH CORPORATION STOCK WERE DISTRIBUTED TO ANNA K. MEREDITH ENDOWMENT TRUST. ALL THE INCOME OF THE TRUST IS PAID TO THE EDMUNDSON ART FOUNDATION, INC. OF DES MOINES, IOWA, AN ORGANIZATION WHICH IS DESCRIBED IN CODE SECTION 501(C)(3). THE EDMUNDSON ART FOUNDATION RECEIVED $1,729,728 DURING THE TAX YEAR FROM THE ANNA K. MEREDITH ENDOWMENT TRUST. THE EDMUNDSON ART FOUNDATION IS NOT RELATED TO THE TRUST CREATOR OR HER FAMILY. FUNDS DISBURSED TO THE EDMUNDSON ART FOUNDATION ARE TO BE USED AS THE FOUNDATION DEEMS BEST IN THE FURTHER ADVANCEMENT OF THE APPRECIATION OF ART.

    Expenses $1,939,800 · Grants $1,939,800

As filed on the 2023 return.

Listed in Part VII

  • CRAIG SHADUR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DIANNA M MEREDITH FRAZIER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES W HUBBELL III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ET MEREDITH IV ET MEREDITH IV

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • BANKERS TRUST

    TRUSTEE

    Total calculated
    $285,329
    From this org
    $285,329
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443209349317074

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.