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 2025. As of 2025, the organization holds $1.5M in total assets. In 2025, it awarded 1 grant totaling $104K. Net investment income was $88K.
Salvation Army Magness Trust Fund at a glance
In short: Salvation Army Magness Trust Fund gave $104K across 1 grant in 2025 (avg $104K), mostly in Georgia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $103,629
- +5.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $103,629
- +5.6% vs 2024
- Median grant
- $103,629
- Total assets
- $1,491,420
- -1.0% vs 2024
- Primary geography
- Georgia (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 Salvation Army Magness Trust Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Salvation Army ($104K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 4 grants of 5 (80%).
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 Salvation Army Magness Trust Fund gives
- Giving held roughly steady from 2022 to 2025 (+15%). Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). 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 $89K (2020) to $104K (2025). In 2025 it made 1 grant totaling $104K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Salvation Army Norcross, GA | General support | $103,629 |
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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 | $1,491,420 | $123,117 | $137,616 | $103,629 | 1 | $103,629 | $88,035 | $102,642 |
| 2024 | $1,506,357 | $85,507 | $130,807 | $98,173 | 1 | $98,173 | $51,594 | $100,224 |
| 2023 | $1,551,881 | $47,304 | $125,582 | $95,640 | 1 | $95,640 | $18,295 | $91,023 |
| 2022 | $1,629,913 | $35,808 | $117,628 | $90,503 | 1 | $90,503 | $25,526 | $95,495 |
| 2021 | $1,709,729 | $169,143 | $124,435 | $95,254 | 1 | $98,776 | $145,247 | $105,725 |
| 2020 | $1,666,292 | $59,634 | $119,931 | $89,382 | 1 | — | $32,726 | $94,978 |
Under IRS private-foundation payout rules, Salvation Army Magness Trust Fund reported a distributable amount of $103K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Salvation Army Magness Trust Fund's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Claiborne K McLemore III
Trustee
On filings since 2020
1 hr/week
$2K (2020) → $2K (2025)
Ernest Smallman III
Trustee
On filings since 2020
1 hr/week
$2K (2020) → $2K (2025)
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 Claiborne K McLemore III (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Salvation Army Magness Trust Fund
How much does Salvation Army Magness Trust Fund give each year?
Salvation Army Magness Trust Fund gave $104K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $98K across 1 grant.
How large is Salvation Army Magness Trust Fund?
Salvation Army Magness Trust Fund reported $1.5M in total assets on its 2025 IRS Form 990-PF. It paid out $104K in qualifying distributions that year, against a required minimum of $103K (roughly 5% of its investment assets).
Where does Salvation Army Magness Trust Fund operate?
Salvation Army Magness Trust Fund has awarded grants in Georgia.
What is Salvation Army Magness Trust Fund's EIN?
Salvation Army Magness Trust Fund's EIN (Employer Identification Number) is 62-6033090. 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
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Salvation Army Magness Trust Fund's focus areas in our free grants database
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