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Salvation Army Magness Trust Fund is a private trust based in FRANKLIN, TN. The foundation received its IRS ruling in 1975. The principal officer is % Bryan Young. It holds total assets of $1.5M. Annual income is reported at $346K. The sole charitable activity of the organization is the making of contributions and grants to qualified charitable organizations. No direct charitable activities are conducted. According to available records, Salvation Army Magness Trust Fund has made 5 grants totaling $461K, with a median grant of $91K. The foundation has distributed between $89K and $181K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $181K distributed across 2 grants. Individual grants have ranged from $89K to $96K, with an average award of $92K. Grant recipients are concentrated in Georgia. Contributions to this foundation are tax-deductible.
The sole charitable activity of the organization is the making of contributions and grants to qualified charitable organizations. No direct charitable activities are conducted.
The sole charitable activity of the organization is the making of contributions and grants to qualified charitable organizations. No direct charitable activities are conducted. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in GA.
Salvation Army Magness Trust Fund has distributed a total of $461K across 5 grants. The median grant size is $91K, with an average of $92K. Individual grants have ranged from $89K to $96K.
Salvation Army Magness Trust Fund typically selects its grantees rather than accepting unsolicited proposals.
Salvation Army Magness Trust Fund is headquartered in FRANKLIN, TN.
Total Giving
$126K
Total Assets
$1.6M
Fair Market Value
$1.9M
Net Worth
$1.6M
Grants Paid
$96K
Contributions
$250
Net Investment Income
$18K
Distribution Amount
$91K
Total: $1.3M
Total Grants
5
Total Giving
$461K
Average Grant
$92K
Median Grant
$91K
Unique Recipients
1
Most Common Grant
$91K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyGeneral support | Norcross, GA | $96K | 2023 |
FRANKLIN, TN
MIFFLINTOWN, PA
DALLAS, TX
COLDWATER, MI
DALLAS, TX
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