Lift Foundation 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 $228K in total assets. In 2024, it awarded 14 grants totaling $29K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$228K
-6.5% YoY
Annual Giving
$29K
+435.3% YoY
Grant Count
14
+100.0% YoY
Avg Grant Size
$2K
+167.6% YoY
Under IRS private-foundation payout rules, Lift Foundation Inc reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
About Lift Foundation Inc
Based on IRS filings
Lift Foundation 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 $228K in total assets. In 2024, it awarded 14 grants totaling $29K. Net investment income was $2K.
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 | $227,801 | $243,587 | $218,567 |
| Revenue | $11,612 | $12,353 | $7,024 |
| Expenses | $33,537 | $10,109 | $26,844 |
| Qualifying Distributions | $28,638 | $5,350 | $21,360 |
| Net Investment Income | $1,690 | $1,696 | $1,540 |
| Distributable Amount | $11,837 | $11,192 | $12,386 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
60 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lift Foundation Donor Advised Fund ($17,738), Knox Area Rescue Ministries ($5,000), Samaritan's Purse ($1,160).
| Recipient | Purpose | Amount |
|---|---|---|
| BILLY GRAHAM EVANGELISTIC ASSOCIATION CHARLOTTE, NC | CONTRIBUTION TO GENERAL FUND | $300 |
| EMMAUS COMMUNITY JOHNSON CITY, TN | CONTRIBUTION TO GENERAL FUND | $300 |
| FAMILIES FREE JOHNSON CITY, TN | CONTRIBUTION TO GENERAL FUND | $250 |
| FIRST BAPTIST CHURCH CONCORD KNOXVILLE, TN | CONTRIBUTION TO GENERAL FUND | $40 |
| HERITAGE BAPTIST CHURCH JOHNSON CITY, TN | CONTRIBUTION TO GENERAL FUND | $1,000 |
| KNOX AREA RESCUE MINISTRIES KNOXVILLE, TN | CONTRIBUTION TO GENERAL FUND | $5,000 |
| LIFT FOUNDATION DONOR ADVISED FUND KNOXVILLE, TN | CONTRIBUTION TO DONOR ADVISED FUND | $17,738 |
| SALVATION ARMY JOHNSON CITY, TN | CONTRIBUTION TO GENERAL FUND | $100 |
| SAMARITAN'S PURSE BOONE, NC | CONTRIBUTION TO GENERAL FUND | $1,160 |
| THE RESTORATION HOUSE OF EAST TENNESSEE KNOXVILLE, TN | CONTRIBUTION TO GENERAL FUND | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PENNY SHERWOOD | PRESIDENT | 2 | — |
| LARRY SHERWOOD | DIRECTOR | 2 | — |
| STACEY HALL | DIRECTOR | 2 | — |
| STEVE SHERWOOD | DIRECTOR | 2 | — |
| PAM SHERWOOD | DIRECTOR | 2 | — |
| JEFF HALL | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lift Foundation Inc?
Lift Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KNOXVILLE, TN. It holds $228K in total assets as of 2024.
How large is Lift Foundation Inc?
As of 2024, Lift Foundation Inc holds $228K in total assets with $12K in annual revenue. It awarded 14 grants totaling $29K in 2024.
Where does Lift Foundation Inc operate?
Lift Foundation Inc has awarded grants in Arizona, Florida, Georgia, North Carolina, Ohio, Tennessee, Virginia, Washington.
What size grants does Lift Foundation Inc award?
In 2024, Lift Foundation Inc awarded 14 grants totaling $29K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Lift Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lift Foundation Inc reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lift Foundation Inc's EIN?
Lift Foundation Inc's EIN (Employer Identification Number) is 26-0644407. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Lift Foundation 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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