Believer's Trust for Ballet Magnificat

Private foundation · Grantmaker Birmingham, AL EIN: 64-6196035

Believer's Trust for Ballet Magnificat is a private foundation focused on Arts, Culture & Humanities, based in Birmingham, AL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $160K in total assets. In 2025, it awarded 1 grant totaling $7K. Net investment income was $8K.

Key facts about Believer's Trust for Ballet Magnificat

In short: Believer's Trust for Ballet Magnificat gave $7K across 1 grant in 2025 (avg $7K), mostly in Mississippi. Source: 2025 IRS Form 990-PF.

EIN
64-6196035
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$7,080
Grants made (2025)
1
Average grant
$7,080
Median grant
$7,080
Total assets
$160,475
Primary geography
Mississippi (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$160K

-0.6% YoY

Annual Giving

$7K

+7.6% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$7K

+7.6% YoY

Under IRS private-foundation payout rules, Believer's Trust for Ballet Magnificat reported a distributable amount of $9K for 2025 — the minimum it must pay out in qualifying distributions.

How Believer's Trust for Ballet Magnificat gives

  • Giving held roughly steady from 2022 to 2025 (−16%). Method
  • In 2025 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Your AI grants department

Ready to take the next step with Believer's Trust for Ballet Magnificat?

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Jackson

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5K$5K$7.5K$10K1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $7K (2024) to $8K (2022). In 2025 it made 1 grant totaling $7K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Ballet Magnificat: $7KBallet Magnificat$7K

The largest 2025 recipient was Ballet Magnificat ($7K).

Grant Size Distribution

5 grants across all recorded years

5<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Ballet Magnificat Jackson, MSGeneral Operating$7,080

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5K$10K$15K$20K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$160,475$161,417$160,651
Revenue$9,793$10,866$10,399
Expenses$10,621$10,089$10,323
Qualifying Distributions$8,548$8,037$8,507
Net Investment Income$7,847$8,945$8,616
Distributable Amount$8,737$8,539$8,007

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 6, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 18, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 30, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Believer's Trust for Ballet Magnificat's only listed officer is Regions Bank, Trustee on filings since 2020 (compensated).

Officers on the 2025 filing

  • Regions Bank

    Trustee

    On filings since 2020

    1 hr/week

    $2K (2020) → $2K (2025)

Former officers (1)
  • Former: Regions Bank Trust Dept (2021–2023) — Trustee

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Regions Bank — Trustee: $2KRegions BankTrustee$2K

The highest reported compensation on the 2025 filing was $2K, to Regions Bank (Trustee).

Frequently asked questions about Believer's Trust for Ballet Magnificat

How much does Believer's Trust for Ballet Magnificat give each year?

Believer's Trust for Ballet Magnificat gave $7K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $7K across 1 grant.

How large is Believer's Trust for Ballet Magnificat?

Believer's Trust for Ballet Magnificat reported $160K in total assets on its 2025 IRS Form 990-PF. It paid out $9K in qualifying distributions that year, against a required minimum of $9K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is Believer's Trust for Ballet Magnificat?

Believer's Trust for Ballet Magnificat is a private foundation focused on Arts, Culture & Humanities, based in Birmingham, AL. It holds $160K in total assets as of 2025.

Where does Believer's Trust for Ballet Magnificat operate?

Believer's Trust for Ballet Magnificat has awarded grants in Mississippi.

What is Believer's Trust for Ballet Magnificat's EIN?

Believer's Trust for Ballet Magnificat's EIN (Employer Identification Number) is 64-6196035. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Your AI grants department

Here's the math on researching Believer's Trust for Ballet Magnificat by hand.

Explore Open Grants

Browse active grant opportunities in Believer's Trust for Ballet Magnificat's focus areas in our free grants database

Similar Funders

Funders with grantees in common, and similar funders in Alabama

Wheaton Foundation

Jackson, MS

The foundation supports orphanages and schools in underserved countries, as well as benevolence projects providing food, clothing, and medical expenses; its grants also include children’s services and Christ-centered education. In 2024, its median grant was $18,000, with awards ranging from $1,100 to $726,271. It gave to Mississippi and international work, and accepts only requests from preselected organizations—not unsolicited applications.

Assets

$154K

Grants

25

Total Given

$2.3M

Arnold-Chiari Foundation Inc

Montgomery, AL

Diseases, Disorders & Medical Disciplines

Assets

$79K

Grants

6

Total Given

$5K

The Smith 5 Private Foundation NFP

Lockport, IL

The Smith 5 Private Foundation NFP supports preselected 501(c)(3) charities, with recent grants spanning community, hospice, food pantry, and recreation organizations; most funding went to Illinois, with smaller amounts to Georgia, Ohio, New York, and New Jersey. In 2025 it awarded 11 grants totaling $44,902, ranging from $500 to $12,437, with a median of $4,000. It does not accept unsolicited funding requests.

Philanthropy, Voluntarism & Grantmaking

Assets

$881K

Grants

11

Total Given

$45K

Lighthouse Ministries Inc

Lakeland, FL

Lighthouse Ministries, inc. Is set apart by the spirit of god to communicate the gospel of jesus christ to meet the physical, emotional, and other needs of the poor and at-risk population.

Assets

$9.0M

Grants

1

Total Given

$104K

Aetna Foundation Inc

Hartford, CT

Aetna Foundation supported health and wellness, access to health care, and related community needs; its 2021 grants ranged from $5,000 to $1 million, with a median of $40,000, and went to organizations across multiple states, especially in D.C. and Connecticut. Its 2021 filing was marked final, so it appears to have ended or be winding down grantmaking; that filing said there were no restrictions on who could apply and pointed applicants to its website for application materials.

Assets

—

Grants

65

Total Given

$7.2M

The Schmitz Family Foundation

Bluffton, SC

The Schmitz Family Foundation supports a range of charitable work, including veterans and military families, animal welfare, youth sports, poverty reduction, and education. Its 2025 grants ranged from $2,500 to $40,000, with a median of $10,000, and primarily went to organizations in South Carolina, with additional funding in Ohio and North Carolina. The filing says giving is not restricted to preselected organizations and instructs applicants to contact David L. Schmitz with specified documents.

Assets

$1.3M

Grants

11

Total Given

$143K

Lovin' Lake County

Two Harbors, MN

Lovin’ Lake County funds event marketing and promotion that supports tourism, economic development, and community quality of life, with events required to take place in the Lake County, Minnesota lodging district. Its 2026 Local Event Grant offers $300–$30,000; in 2024, its grants had a median of $10,000. It is accepting applications for 2026 event grants.

Community Improvement & Capacity Building

Assets

$839K

Grants

26

Total Given

$523K

Alabama Power Foundation Inc

Birmingham, AL

The Alabama Power Foundation funds Alabama nonprofits, schools, and community initiatives in education, civic and community development, arts and culture, health and human services, and environmental stewardship. In 2024, grants ranged from $100 to $500,000, with a median of $2,500. It provides an online application for grants; unsolicited requests are not specifically addressed.

Assets

$117.9M

Grants

1,240

Total Given

$16.2M

The Daniel Foundation of Alabama

Birmingham, AL

The Daniel Foundation of Alabama funds education and youth development, basic needs, health and human services, arts, and community and rural projects that strengthen Alabama communities. Its 2024 grants had a median of $10,000 and ranged from $200 to $112,500, with most funding going to Alabama organizations and projects.

Assets

$114.5M

Grants

521

Total Given

$7.5M

The Community Foundation of Greater Birmingham

Birmingham, AL

The Community Foundation of Greater Birmingham funds programs, projects, and capital improvements across priorities including thriving communities, economic opportunity, poverty reduction, and equity. Its 2024 grants had a median of about $20,600, though awards varied widely; competitive grants support eligible organizations serving Blount, Jefferson, Shelby, and St. Clair counties in Alabama. It accepts competitive requests through periodic application cycles, but the current cycle described is closed.

Philanthropy, Voluntarism & Grantmaking

Assets

$350.7M

Grants

440

Total Given

$43.6M

The Long Lewis Foundation

Muscle Shoals, AL

The Long-Lewis Foundation supports evangelistic causes, local and global mission work, and people facing medical or emotional hardship, with limited scholarships for those pursuing full-time ministry. Its 2024 grants ranged from $27 to $62,450, with a median of $1,000; it primarily funded Alabama organizations and supports communities it serves. It states that it funds only preselected charitable organizations and does not accept unsolicited requests.

Philanthropy, Voluntarism & Grantmaking

Assets

$5.5M

Grants

318

Total Given

$845K

Community Foundation of Greater Huntsville

Huntsville, AL

The Community Foundation of Greater Huntsville supports quality-of-life needs including education, basic needs, health, arts, and community development across Jackson, Limestone, Madison, Marshall, and Morgan Counties. In 2024, its grants had a median of $14,700 and ranged from $5,100 to $651,700; some named programs offer awards of $50,000. It provides application options for Foundation grants, but whether it accepts unsolicited requests is not stated.

Philanthropy, Voluntarism & Grantmaking

Assets

$66.3M

Grants

285

Total Given

$11.7M

More Funders in Alabama

Believer's Trust for Ballet Magnificat down — hundreds of funders to go?

Want AI to do this for you?