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Gospel Music Trust Fund Inc. is a private corporation based in BRENTWOOD, TN. The foundation received its IRS ruling in 1986. It holds total assets of $3.3M. Annual income is reported at $789K. According to available records, Gospel Music Trust Fund Inc. has made 29 grants totaling $496K, with a median grant of $10K. Annual giving has decreased from $118K in 2020 to $91K in 2023. Grantmaking activity was highest in 2022 with $288K distributed across 14 grants. Individual grants have ranged from $675 to $55K, with an average award of $17K. The foundation has supported 18 unique organizations. The foundation primarily supports organizations in Tennessee, Indiana, Georgia, which account for 93% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Gospel Music Trust Fund Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 29 grants. Its grantmaking reaches organizations primarily in TN, IN, GA.
Gospel Music Trust Fund Inc. has distributed a total of $496K across 29 grants. The median grant size is $10K, with an average of $17K. Individual grants have ranged from $675 to $55K.
Gospel Music Trust Fund Inc. typically selects its grantees rather than accepting unsolicited proposals.
Gospel Music Trust Fund Inc. is headquartered in BRENTWOOD, TN. While based in TN, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Velvet Kelm | TRUSTEE | $0 | $0 | $0 |
| Ej Gaines | TRUSTEE | $0 | $0 | $0 |
| Roland Lundy | PRESIDENT | $0 | $0 | $0 |
| Bill Gaither | VICE PRESIDE | $0 | $0 | $0 |
| Ed Harper | TREASURER | $0 | $0 | $0 |
| Ken Harding |
Total Giving
$121K
Total Assets
$3.1M
Fair Market Value
$3.1M
Net Worth
$3M
Grants Paid
$91K
Contributions
$18K
Net Investment Income
$80K
Distribution Amount
$146K
Total: $0
Total Grants
29
Total Giving
$496K
Average Grant
$17K
Median Grant
$10K
Unique Recipients
18
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Music Health AllianceMEDICAL | Nashville, TN | $40K | 2023 |
| Porter'S CallSUPPORT | Franklin, TN | $40K | 2023 |
| Ryan Funeral HomeSUPPORT | Trenton, GA | $6K | 2023 |
| Amsher Collection ServicesSUPPORT | Hoover, AL | $2K | 2023 |
| Manchester Psychotherapy GroupSUPPORT | Nashville, TN | $2K | 2023 |
| SECRETARY |
| $0 |
| $0 |
| $0 |
| Roger Holmes | TRUSTEE | $0 | $0 | $0 |
| Darrell Harris | TRUSTEE | $0 | $0 | $0 |
| Jackie Patillo | TRUSTEE | $0 | $0 | $0 |
| Amy Grant | TRUSTEE | $0 | $0 | $0 |
| Gerald Wolfe | TRUSTEE | $0 | $0 | $0 |
| Terry Hemmings | TRUSTEE | $0 | $0 | $0 |
| Paul Sizelove | TRUSTEE | $0 | $0 | $0 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| Karen Strauss Therapy LcswMEDICAL |
| Valley Village, CA |
| $2K |
| 2023 |
| Shirley EnochMEDICAL | Brentwood, TN | $15K | 2022 |
| Russ TaffMEDICAL | Shlebyville, TN | $10K | 2022 |
| Reba RamboSUPPORT | Cumberland Furnace, TN | $10K | 2022 |
| Layke JonesSUPPORT | Anderson, IN | $8K | 2022 |
| Glen MeadowsMEDICAL | Nashville, TN | $6K | 2022 |
| Covid Relief - Gospel MusicSUPPORT | Brentwood, TN | $30K | 2020 |
| Barry R MathesigoSUPPORT | Brentwood, TN | $6K | 2020 |
| Laycock Hobbs Funeral HomeSUPPORT | Brentwood, TN | $5K | 2020 |
| Kimberly ShultySUPPORT | Brentwood, TN | $2K | 2020 |
| Nate WyfordSUPPORT | Brentwood, TN | $2K | 2020 |
| Store Place Of Mt JulietSUPPORT | Brentwood, TN | $1K | 2020 |
| Brian PoysterSUPPORT | Brentwood, TN | $675 | 2020 |
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