//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Believers Trust Fbo Ballet Magnificat is a private trust based in BIRMINGHAM, AL. The foundation received its IRS ruling in 2001. The principal officer is Regions Bank Trust Dept. It holds total assets of $161K. Annual income is reported at $34K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of arts & culture. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Believers Trust Fbo Ballet Magnificat has made 3 grants totaling $24K, with a median grant of $8K. Annual giving has grown from $7K in 2021 to $17K in 2022. Individual grants have ranged from $7K to $8K, with an average award of $8K. Grant recipients are concentrated in Mississippi. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Believers Trust Fbo Ballet Magnificat primarily funds organizations in the area of arts & culture. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in MS.
Believers Trust Fbo Ballet Magnificat has distributed a total of $24K across 3 grants. The median grant size is $8K, with an average of $8K. Individual grants have ranged from $7K to $8K.
Believers Trust Fbo Ballet Magnificat typically selects its grantees rather than accepting unsolicited proposals.
Believers Trust Fbo Ballet Magnificat is headquartered in BIRMINGHAM, AL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Regions Bank Trust Dept | TRUSTEE | $2K | $0 | $2K |
Total Giving
$10K
Total Assets
$161K
Fair Market Value
$169K
Net Worth
$161K
Grants Paid
$7K
Contributions
N/A
Net Investment Income
$9K
Distribution Amount
$8K
Total Grants
3
Total Giving
$24K
Average Grant
$8K
Median Grant
$8K
Unique Recipients
1
Most Common Grant
$8K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Ballet MagnificatGENERAL OPERATING | Jackson, MS | $8K | 2022 |