Loretta H Mcknight Charitable Trust
The Loretta H McKnight Charitable Trust is a private foundation established in 1975 and based in Albany, Georgia. As a 501(c)(3) tax-exempt organization, it has been actively engaged in philanthropic work since receiving its tax-exempt status in May 1976. The trust operates as an independent foundation with a focus on supporting charitable causes primarily within Georgia.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.4M
-4.0% YoY
Annual Giving
$189K
-1.0% YoY
Grant Count
22
-8.3% YoY
Avg Grant Size
$9K
+8.0% YoY
Under IRS private-foundation payout rules, Loretta H Mcknight Charitable Trust reported a distributable amount of $205K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The trust's grantmaking priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Arts and Culture
- Historic Preservation
Recent grant recipients demonstrate support across diverse sectors, including substance abuse treatment facilities, homeless services, arts councils, and heritage/museum organizations.
Grantmaking
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Geographic Focus
Where this funder awards grants
The trust concentrates its grantmaking in Georgia, with particular emphasis on the Albany area and Southwest Georgia region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount |
|---|---|
| Total Assets (2025) | $3,368,300 |
| Total Giving (2025) | $188,559 |
| Total Revenue (2025) | $94,500 |
| Total Expenses (2025) | $235,000 |
| Total Liabilities (2025) | $0 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,368,300 | $3,508,947 | $3,643,074 |
| Revenue | $94,511 | $101,866 | $79,734 |
| Expenses | $235,158 | $235,647 | $271,021 |
| Qualifying Distributions | $191,959 | $193,076 | $223,085 |
| Net Investment Income | $75,035 | $62,068 | $58,223 |
| Distributable Amount | $205,046 | $192,609 | $190,176 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
120 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Flint River Partners Riverquarium ($95,809), Andrew College ($25,000), Thronateeska Heritage Foundation ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALBANY ARC ALBANY, GA | PUBLIC CHARITY - OPERATING BUDGET | $1,000 |
| ALBANY AREA ARTS COUNCIL ALBANY, GA | CULTURAL-OPERATING BUDGET | $1,000 |
| ALBANY CHORALE ALBANY, GA | PUBLIC CHARITY - OPERATING BUDGET | $2,000 |
| ALBANY RESCUE MISSION ALBANY, GA | PUBLIC CHARITY - OPERATING BUDGET | $4,000 |
| ALBANY SYMPHONY ASSOCIATION ALBANY, GA | CULTURAL-OPERATING BUDGET | $2,000 |
| ALZHEIMERS OUTREACH CENTER ALBANY, GA | PUBLIC CHARITY - OPERATING BUDGET | $2,000 |
| ANDREW COLLEGE CUTHBERT, GA | EDUCATION - OPERATING BUDGET | $25,000 |
| BOYS AND GIRLS CLUB OF ALBANY ALBANY, GA | YOUTH-OPERATING BUDGET | $10,000 |
| DARTON HEALTH PROFESSIONS FOUNDATION ALBANY, GA | EDUCATION - OPERATING BUDGET | $3,000 |
| DOUGHERTY COUNTY FAMILY LITERACY COUNCIL ALBANY, GA | PUBLIC CHARITY - OPERATING BUDGET | $2,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Marc McAfee serves as trustee of the organization.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| REGIONS BANK TRUST DEPARTMENT | TRUST COMMITTEE | 2.5 | $4,973 |
| MARC MCAFEE | TRUSTEE | — | — |
| GAYLE CHAPMAN | TRUSTEE | — | — |
| HALEY CHAPMAN | TRUSTEE | — | — |
| LPL FINANCIAL | TRUST COMMITTEE | 2.5 | $37,851 |
Contact Information
Address: 2327 Lake Park Drive, Albany, GA 31707-3131
Telephone: 229-883-8028
EIN: 58-6222875
Frequently Asked Questions
What does Loretta H Mcknight Charitable Trust fund?
The trust's grantmaking priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Arts and Culture • Historic Preservation Recent grant recipients demonstrate support across diverse sectors, including substance abuse treatment facilities, homeless services, arts councils, and heritage/museum organizations.
How do I apply for a grant from Loretta H Mcknight Charitable Trust?
**Grant Amounts:** Typical awards range from $250 to $113,435, with recent grants observed in the $1,000 to $20,000 range. **Recent Grant Activity:** Based on 2024 tax filings, the trust made grants including: • $20,000 to Thronateeska Heritage Foundation I (cultural/operating budget) • $3,000 to Albany Rescue Mission (public charity operating budget) • $2,500 to Graceway Recovery Residence (charitable organization operating budget) • $1,000 to Albany Area Arts Council (cultural/operating budge…
Where does Loretta H Mcknight Charitable Trust make grants?
The trust concentrates its grantmaking in Georgia, with particular emphasis on the Albany area and Southwest Georgia region.
What size grants does Loretta H Mcknight Charitable Trust award?
In 2025, Loretta H Mcknight Charitable Trust awarded 22 grants totaling $189K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Loretta H Mcknight Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Loretta H Mcknight Charitable Trust reported a distributable amount of $205K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Loretta H Mcknight Charitable Trust's EIN?
Loretta H Mcknight Charitable Trust's EIN (Employer Identification Number) is 58-6222875. IRS Form 990 filing data is available on this page for 2020–2025.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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