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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.3M
+6.2% YoY
Annual Giving
$46K
-48.9% YoY
Grant Count
2
-66.7% YoY
Avg Grant Size
$23K
+53.4% YoY
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.
About Gospel Music Trust Fund
Based on IRS filings
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,335,838 | $3,141,038 | $3,035,044 |
| Revenue | $184,724 | $108,338 | $82,726 |
| Expenses | $144,334 | $121,312 | $192,260 |
| Qualifying Distributions | $104,122 | $90,735 | $143,756 |
| Net Investment Income | $97,948 | $80,394 | $72,060 |
| Distributable Amount | $160,602 | $146,148 | $152,119 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
28 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Porter's Call ($42,000), Music Health Alliance ($4,400).
| Recipient | Purpose | Amount |
|---|---|---|
| MUSIC HEALTH ALLIANCE NASHVILLE, TN | MEDICAL | $4,400 |
| PORTER'S CALL FRANKLIN, TN | SUPPORT | $42,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROLAND LUNDY | PRESIDENT | — | — |
| BILL GAITHER | VICE PRESIDE | — | — |
| ED HARPER | TREASURER | — | — |
| KEN HARDING | SECRETARY | — | — |
| ROGER HOLMES | TRUSTEE | — | — |
| DARRELL HARRIS | TRUSTEE | — | — |
| JACKIE PATILLO | TRUSTEE | — | — |
| AMY GRANT | TRUSTEE | — | — |
| GERALD WOLFE | TRUSTEE | — | — |
| TERRY HEMMINGS | TRUSTEE | — | — |
| PAUL SIZELOVE | TRUSTEE | — | — |
| VELVET KELM | TRUSTEE | — | — |
| EJ GAINES | TRUSTEE | — | — |
Frequently Asked Questions
How large is Gospel Music Trust Fund?
As of 2024, Gospel Music Trust Fund holds $3.3M in total assets with $185K in annual revenue. It awarded 2 grants totaling $46K in 2024.
Where does Gospel Music Trust Fund operate?
Gospel Music Trust Fund has awarded grants in Alabama, California, Georgia, Indiana, Tennessee.
What size grants does Gospel Music Trust Fund award?
In 2024, Gospel Music Trust Fund awarded 2 grants totaling $46K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Gospel Music Trust Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gospel Music Trust Fund reported a distributable amount of $161K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Gospel Music Trust Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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