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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

Personnel at OBT

NameTitleCompensation
Charlotte S. JohnsonChief Executive Officer and Trustee$318,320
Francis M. MileyCo - Chief Executive Officer and Trustee
Kari SuzukiDirector of Operations$234,603
Lue HerDirector of Philanthropy$181,237
Danielle CheslogDirector of Grant Operations$136,780
...and 4 more key personnel

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

Form 990s for OBT

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-27990PFView PDF
2022-122023-08-15990PFView PDF
2021-122022-11-01990PFView PDF
2020-122021-11-15990PFView PDF
2019-122020-11-04990PFView PDF
...and 8 more Form 990s
Data update history
January 29, 2024
Updated personnel
Identified 1 new personnel
October 8, 2023
Posted financials
Added Form 990PF for fiscal year 2022
September 28, 2023
Used new vendors
Identified 2 new vendors, including , and
July 27, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 26, 2023
Posted financials
Added Form 990PF for fiscal year 2020
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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