Salvation Army Magness Trust Fund
FRANKLIN, TN EIN: 62-6033090
Financial Overview
From 2024 IRS Form 990-PF
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
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| 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 .
Who else does Salvation Army Magness Trust Fund fund?
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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 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Georgia $469K (100%)
States
Cities
Norcross
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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