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. 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.
Believer's Trust for Ballet Magnificat at a glance
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.
- Annual giving (2025)
- $7,080
- +7.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $7,080
- +7.6% vs 2024
- Median grant
- $7,080
- Total assets
- $160,475
- -0.6% vs 2024
- Primary geography
- Mississippi (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Believer's Trust for Ballet Magnificat funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Ballet Magnificat ($7K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $7K (2024) to $8K (2022). In 2025 it made 1 grant totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ballet Magnificat Jackson, MS | General Operating | $7,080 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $160,475 | $9,793 | $10,621 | $7,080 | 1 | $8,548 | $7,847 | $8,737 |
| 2024 | $161,417 | $10,866 | $10,089 | $6,578 | 1 | $8,037 | $8,945 | $8,539 |
| 2023 | $160,651 | $10,399 | $10,323 | $7,078 | 1 | $8,507 | $8,616 | $8,007 |
| 2022 | $160,582 | $9,146 | $11,973 | $8,396 | 1 | $9,859 | $7,260 | $8,541 |
| 2021 | $163,382 | $14,534 | $11,378 | $7,475 | 1 | $9,010 | $12,357 | $9,931 |
| 2020 | $160,264 | $10,197 | $10,956 | $7,518 | 1 | — | $8,275 | $8,952 |
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.
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
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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 18, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 30, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Believer's Trust for Ballet Magnificat funds
Arts, Culture & Humanities Open opportunities, soonest deadline first.
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