Life in Faith Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KNOXVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 2 grants totaling $50K. Net investment income was $61K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
+5.5% YoY
Annual Giving
$50K
Grant Count
2
Avg Grant Size
$25K
Under IRS private-foundation payout rules, Life in Faith Inc reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.
About Life in Faith Inc
Based on IRS filings
Life in Faith Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KNOXVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 2 grants totaling $50K. Net investment income was $61K.
Focus Areas
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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 | $1,037,256 | $983,382 | $951,806 |
| Revenue | $106,574 | $33,496 | $14,353 |
| Expenses | $52,700 | $1,920 | $23,185 |
| Qualifying Distributions | $51,090 | $830 | $21,790 |
| Net Investment Income | $60,987 | $32,126 | $13,296 |
| Distributable Amount | $53,648 | $48,324 | $49,855 |
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
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hardin Valley Church of Christ ($30,000), Gospel Chariot Missions ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HARDIN VALLEY CHURCH OF CHRIST KNOXVILLE, TN | GENERAL SUPPORT | $30,000 |
| GOSPEL CHARIOT MISSIONS COLLEGE STATION, TX | GENERAL SUPPORT | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BEVERLY R MILAM | DIRECTOR | 0.5 | — |
| WADE A MILAM | DIRECTOR | — | — |
| S WESLEY MILAM | DIRECTOR | — | — |
| ANDREW C MILAM | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Life in Faith Inc?
Life in Faith Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KNOXVILLE, TN. It holds $1.0M in total assets as of 2024.
How large is Life in Faith Inc?
As of 2024, Life in Faith Inc holds $1.0M in total assets with $107K in annual revenue. It awarded 2 grants totaling $50K in 2024.
Where does Life in Faith Inc operate?
Life in Faith Inc has awarded grants in Tennessee, Texas.
What size grants does Life in Faith Inc award?
In 2024, Life in Faith Inc awarded 2 grants totaling $50K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is Life in Faith Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Life in Faith Inc reported a distributable amount of $54K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Life in Faith Inc's EIN?
Life in Faith Inc's EIN (Employer Identification Number) is 20-2637389. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Life in Faith Inc'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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