Otto Bremer Trust: Small Nvidia Holding Cut Ahead Of Massive Rally

Otto Bremer Trust is a charitable trust founded in 1944 by American banker Otto Bremer. Its grants primarily target applicants from North Dakota, Montana, Wisconsin, and Minnesota. The Trust’s core philosophy is to meet basic needs across wider communities, food, housing, healthcare, and emergency support. Once a community stabilizes, the Trust then supports longer-term resilience through programs in education, economic participation, and community engagement. In the 990 filing for fiscal 2024, the trust reported revenue of $89.36 million against expenses of $94 million, leaving net income at -$4.54 million and net assets at $1.40 billion.

In 2023, revenue was $83 million, expenses were $122 million, net income was -$39 million, and total net assets were slightly higher at $1.46 billion. The figures show revenue growth alongside lower expenses in 2024. According to the filing, revenue came from $3.41 million in interest on savings, $66 million in dividends and interest from securities, and $12.93 million in net capital gains. No further details on the net gains were provided beyond that they came from trades in publicly traded securities. Capital gains were one of the drivers of the revenue upturn, growing almost 18-fold between 2023 and 2024.