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EIN 41-6019050

Otto Bremer Trust (OBT)

IRS 501(c) type
501(c)(3)
Num. employees
19
City
Saint Paul
State
Minnesota
Year formed
1949
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
Based in St. Paul, Minn., the Otto Bremer Trust assists people in achieving full economic, civic and social participation in and for the betterment of their communities. OBT is a private charitable trust, established in 1944 by founder Otto Bremer, a successful banker and community and business leader. OBT is the 92 percent owner of Bremer Bank and also manages a diversified investment portfolio. The returns on these holdings provide the funding for OBT’s grantmaking, which supports regional and local resources that benefit the communities that are home to Bremer banks.
Also known as...
Otto Bremer Foundation
Total revenues
$83,679,183
2023
Total expenses
$122,833,797
2023
Total assets
$1,477,747,505
2023
Num. employees
19
2023

Program areas at OBT

Program-related investments are made to organizations that conduct activities that fulfill the charitable purposes of the foundation.

Grants made by OBT

GranteeGrant descriptionAmount
Greater Milwaukee Foundation (GMF)Intermediaries Pilot Project$3,640,000
Greater Twin Cities United WayIntermediaries Pilot Project$3,640,000
Community Foundation for the Fox Valley RegionIntermediaries Pilot Project$3,120,000
...and 880 more grants made totalling $84,335,773

Who funds Otto Bremer Trust (OBT)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
United Way of Otter Tail and Wadena CountiesNew Technology$21,873

Financials for OBT

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$74,490,451
Net rental income$0
Net gain from sale of non-inventory assets$833,393
Gross sales of inventory$0
Miscellaneous revenues$8,355,339
Total revenues$83,679,183
Data update history
March 26, 2025
Updated personnel
Identified 2 new personnel
January 8, 2025
Received grants
Identified 1 new grant, including a grant for $21,873 from United Way of Otter Tail and Wadena Counties
November 23, 2024
Posted financials
Added Form 990PF for fiscal year 2023
January 29, 2024
Updated personnel
Identified 1 new personnel
October 8, 2023
Posted financials
Added Form 990PF for fiscal year 2022
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
30 E 7th St 2900
Saint Paul, MN 55101
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Ramsey County, MN
Website URL
ottobremer.org/ 
Phone
(651) 227-8036
Facebook page
ottobremertrust 
Twitter profile
@ottobremer 
IRS details
EIN
41-6019050
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1949
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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