Salvation Army Magness Trust Fund
Salvation Army Magness Trust Fund is a private foundation, based in FRANKLIN, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 1 grants totaling $98K. Net investment income was $52K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
-2.9% YoY
Annual Giving
$98K
+2.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$98K
+2.6% YoY
About Salvation Army Magness Trust Fund
Based on IRS filings
Salvation Army Magness Trust Fund is a private foundation, based in FRANKLIN, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 1 grants totaling $98K. Net investment income was $52K.
Ready to take the next step with Salvation Army Magness Trust Fund?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,506,357 | $1,551,881 | $1,629,913 |
| Revenue | $85,507 | $47,304 | $35,808 |
| Expenses | $130,807 | $125,582 | $117,628 |
| Qualifying Distributions | $98,173 | $95,640 | $90,503 |
| Net Investment Income | $51,594 | $18,295 | $25,526 |
| Distributable Amount | $100,224 | $91,023 | $95,495 |
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
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Claiborne K McLemore III | Trustee | 1 | $2,450 |
| Ernest Smallman III | Trustee | 1 | $2,450 |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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