Life in Faith Inc
Life in Faith Inc is a private foundation, 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.
Life in Faith Inc at a glance
In short: Life in Faith Inc gave $50K across 2 grants in 2024 (avg $25K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $50,000
- Grants made (2024)
- 2
- Average grant
- $25,000
- Median grant
- $25,000
- Total assets
- $1,037,256
- +5.5% vs 2023
- Primary geography
- Tennessee (60% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Life in Faith Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Hardin Valley Church of Christ ($30K). Together the top 2 received $50K.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Life in Faith Inc gives
- In 2024 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2022 to 2024, annual grant giving ranged from $21K (2022) to $50K (2024). In 2024 it made 2 grants totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hardin Valley Church of Christ Knoxville, TN | General Support | $30,000 |
| Gospel Chariot Missions College Station, TX | General Support | $20,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,037,256 | $106,574 | $52,700 | $50,000 | 2 | $51,090 | $60,987 | $53,648 |
| 2023 | $983,382 | $33,496 | $1,920 | — | — | $830 | $32,126 | $48,324 |
| 2022 | $951,806 | $14,353 | $23,185 | $21,000 | 3 | $21,790 | $13,296 | $49,855 |
| 2021 | $960,562 | $52,460 | $1,620 | — | — | $525 | $51,365 | $53,848 |
| 2020 | $909,722 | $7,594 | $5,080 | — | — | — | $7,448 | $46,847 |
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.
Leadership & Key People
Officers and directors from IRS filings
Life in Faith Inc's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Andrew C. Milam
Director
On filings since 2020
No compensation reported
Beverly R. Milam
Director
Secretary-Treasurer → Director, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
S. Wesley Milam
Director
On filings since 2020
No compensation reported
Wade A. Milam
Director
On filings since 2020
No compensation reported
Former officers (1)
- Former: J. Kelly Milam (2020–2023) — President
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Life in Faith Inc
How much does Life in Faith Inc give each year?
Life in Faith Inc gave $50K across 2 grants in 2024, according to its 2024 IRS Form 990-PF.
How large is Life in Faith Inc?
Life in Faith Inc reported $1.0M in total assets on its 2024 IRS Form 990-PF. It paid out $51K in qualifying distributions that year, against a required minimum of $54K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Life in Faith Inc operate?
Life in Faith Inc has awarded grants in Tennessee, Texas.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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