Believer's Trust for Ballet Magnificat

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 2024. As of 2024, the organization holds $161K in total assets. In 2024, it awarded 1 grants totaling $7K. Net investment income was $9K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$161K

+0.5% YoY

Annual Giving

$7K

-7.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$7K

-7.1% YoY

Under IRS private-foundation payout rules, Believer's Trust for Ballet Magnificat reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.

About Believer's Trust for Ballet Magnificat

Based on IRS filings

Focus Areas

Arts, Culture & Humanities

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Mississippi $37K (100%)

States

Mississippi

Cities

Jackson

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$161,417	$160,651	$160,582
Revenue	$10,866	$10,399	$9,146
Expenses	$10,089	$10,323	$11,973
Qualifying Distributions	$8,037	$8,507	$9,859
Net Investment Income	$8,945	$8,616	$7,260
Distributable Amount	$8,539	$8,007	$8,541

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Ballet Magnificat ($6,578).

Recipient	Purpose	Amount
BALLET MAGNIFICAT JACKSON, MS	GENERAL OPERATING	$6,578

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
REGIONS BANK	TRUSTEE	1	$2,293

Subject Areas

Focus areas based on grantmaking activity

Arts, Culture & Humanities

Frequently Asked Questions

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 $161K in total assets as of 2024.

How large is Believer's Trust for Ballet Magnificat?

As of 2024, Believer's Trust for Ballet Magnificat holds $161K in total assets with $11K in annual revenue. It awarded 1 grants totaling $7K in 2024.

Where does Believer's Trust for Ballet Magnificat operate?

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

What size grants does Believer's Trust for Ballet Magnificat award?

In 2024, Believer's Trust for Ballet Magnificat awarded 1 grants totaling $7K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Believer's Trust for Ballet Magnificat required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Believer's Trust for Ballet Magnificat reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2020–2024.