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The Magnificent-Man Perpetual Gift Trust is a private trust based in SAINT LOUIS, MO. The foundation received its IRS ruling in 2011. The principal officer is Wells Fargo Bank. It holds total assets of $750K. Annual income is reported at $374K. Total assets have grown from $612K in 2011 to $786K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. The foundation primarily funds organizations in Oklahoma and Georgia. According to available records, The Magnificent-Man Perpetual Gift Trust has made 9 grants totaling $203K, with a median grant of $16K. The foundation has distributed between $58K and $79K annually from 2020 to 2022. Grantmaking activity was highest in 2021 with $79K distributed across 3 grants. Individual grants have ranged from $13K to $33K, with an average award of $23K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Oklahoma and Georgia. Contributions to this foundation are tax-deductible.
Smallest Grant
$16K
Median Grant
$31K
Average Grant
$26K
Largest Grant
$32K
Based on 3 grants from the most recent 990-PF filing.
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.
The Magnificent-Man Perpetual Gift Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in OK, GA.
The Magnificent-Man Perpetual Gift Trust has distributed a total of $203K across 9 grants. The median grant size is $16K, with an average of $23K. Individual grants have ranged from $13K to $33K.
The Magnificent-Man Perpetual Gift Trust typically selects its grantees rather than accepting unsolicited proposals.
The Magnificent-Man Perpetual Gift Trust is headquartered in SAINT LOUIS, MO. While based in MO, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Wells Fargo Bank N A | TRUSTEE | $15K | $0 | $15K |
| Gerald Landers | CO TRUSTEE | $5K | $0 | $5K |
Total Giving
$81K
Total Assets
$786K
Fair Market Value
$879K
Net Worth
$786K
Grants Paid
$66K
Contributions
N/A
Net Investment Income
$18K
Distribution Amount
$43K
Total Grants
9
Total Giving
$203K
Average Grant
$23K
Median Grant
$16K
Unique Recipients
3
Most Common Grant
$16K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Praise Ministry IncCHARITABLE PURPOSE | Tulsa, OK | $33K | 2022 |
| Growing Leaders IncGENERAL OPERATING | Peachtree Corners, GA | $16K | 2022 |
| Oral Roberts UniversityGENERAL OPERATING | Tulsa, OK | $16K | 2022 |