Annie Lee Thompson Library Trust Fund

Overview

The Annie Lee Thompson Library Trust Fund is a 501(c)(3) non-profit organization located in Austin, Texas. It is classified under the category of educational institutions and related activities, specifically focusing on libraries (NTEE code B71I)[1].

Purpose and Activities

As a public charity, the fund supports educational initiatives, possibly related to libraries or educational institutions. Its primary activities might not be fully detailed in available sources, but it is known to provide grants. In 2023, the fund contributed $77,085 in grants[3].

Financials

Historically, the trust fund has relied heavily on investment income and sales of assets for its revenue. For instance, in 2013, investment income accounted for 43.1% of its total revenue, while sales of assets made up 56.5%[1]. It managed considerable assets, totaling $3,207,001 in the same fiscal year, with minimal liabilities[1]. As of December 31, 2006, the fund's net assets were reported at $2,422,259[4].

Grants and Donations

Although specific details about grant recipients are not widely available, the fund typically awards a single grant annually, as noted in recent IRS filings[3]. Contributions to this fund are tax deductible, supporting its mission to foster educational and potentially library-related projects[1].

Investment and Governance

While specific governance details are not readily available, the trust fund’s investments are managed by professional investment managers. This is similar to other educational endowments or library funds that rely on external financial management expertise to ensure growth and sustainability of their assets[4].

[1] https://projects.propublica.org/nonprofits/organizations/746087355 [2] https://cplfoundation.org/donors/ [3] https://www.instrumentl.com/990-report/annie-lee-thompson-library-trust-fund [4] https://www.texmed.org/Template.aspx?id=5611 [5] https://wtgrantfoundation.org