Gospel Music Trust Fund
Gospel Music Trust Fund is a private foundation, based in Brentwood, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 2 grants totaling $46K. Net investment income was $98K.
Gospel Music Trust Fund at a glance
In short: Gospel Music Trust Fund gave $46K across 2 grants in 2024 (avg $23K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $46,400
- -48.9% vs 2023
- Grants made (2024)
- 2
- -66.7% vs 2023
- Average grant
- $23,200
- +53.4% vs 2023
- Median grant
- $23,200
- Total assets
- $3,335,838
- +6.2% vs 2023
- Primary geography
- Tennessee (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Gospel Music Trust Fund funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Porter's Call ($42K). Together the top 2 received $46K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 27 grants of 28 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Gospel Music Trust Fund gives
- Giving fell 55% from 2021 to 2024. Method
- In 2024 it paid out 65% 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 2024, annual grant giving ranged from $46K (2024) to $144K (2022). In 2024 it made 2 grants totaling $46K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Porter's Call Franklin, TN | Support | $42,000 |
| Music Health Alliance Nashville, TN | Medical | $4,400 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,335,838 | $184,724 | $144,334 | $46,400 | 2 | $104,122 | $97,948 | $160,602 |
| 2023 | $3,141,038 | $108,338 | $121,312 | $90,735 | 6 | $90,735 | $80,394 | $146,148 |
| 2022 | $3,035,044 | $82,726 | $192,260 | $143,756 | 7 | $143,756 | $72,060 | $152,119 |
| 2021 | $3,144,578 | $659,601 | $140,446 | $102,298 | 4 | $115,186 | $622,105 | $157,214 |
| 2020 | $2,566,501 | $175,903 | $149,697 | $117,767 | 9 | — | $66,869 | $148,608 |
Under IRS private-foundation payout rules, Gospel Music Trust Fund reported a distributable amount of $161K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gospel Music Trust Fund is led by Roland Lundy, President on every filing since 2020; none of the 13 officers listed in 2024 report compensation.
Officers on the 2024 filing
Roland Lundy
President
On filings since 2020
No compensation reported
Amy Grant
Trustee
On filings since 2020
No compensation reported
Darrell Harris
Trustee
On filings since 2020
No compensation reported
Ej Gaines
Trustee
On filings since 2020
No compensation reported
Gerald Wolfe
Trustee
On filings since 2020
No compensation reported
Jackie Patillo
Trustee
On filings since 2020
No compensation reported
Paul Sizelove
Trustee
On filings since 2020
No compensation reported
Roger Holmes
Trustee
On filings since 2020
No compensation reported
Terry Hemmings
Trustee
On filings since 2020
No compensation reported
Velvet Kelm
Trustee
On filings since 2020
No compensation reported
Bill Gaither
Vice President
On filings since 2020
No compensation reported
Ed Harper
Treasurer
On filings since 2020
No compensation reported
Ken Harding
Secretary
On filings since 2020
No compensation reported
Former officers (2)
- Former: Bill Reeves (2020–2021) — Trustee
- Former: Jeff Moseley (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Gospel Music Trust Fund
How much does Gospel Music Trust Fund give each year?
Gospel Music Trust Fund gave $46K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $91K across 6 grants.
How large is Gospel Music Trust Fund?
Gospel Music Trust Fund reported $3.3M in total assets on its 2024 IRS Form 990-PF. It paid out $104K in qualifying distributions that year, against a required minimum of $161K (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.
Where does Gospel Music Trust Fund operate?
Gospel Music Trust Fund has awarded grants in Alabama, California, Georgia, Indiana, Tennessee.
What is Gospel Music Trust Fund's EIN?
Gospel Music Trust Fund's EIN (Employer Identification Number) is 58-1647495. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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