Paul Millsap Foundation Corporation
Paul Millsap Foundation Corporation is a private foundation based in Smyrna, Georgia. Its 2024 grants included scholarship funding for students with financial need and contributions to charitable organizations.
Paul Millsap Foundation Corporation at a glance
In short: Paul Millsap Foundation Corporation gave $195K across 17 grants in 2024 (avg $11K), mostly in Georgia. 35% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $194,550
- -9.9% vs 2023
- Grants made (2024)
- 17
- -5.6% vs 2023
- Average grant
- $11,444
- -4.6% vs 2023
- Median grant
- $1,250
- Total assets
- $2,171
- -94.9% vs 2023
- New grantees (estimate)
- 35% first-time grantees (6 of 17, 2024; small sample)
- Primary geography
- Georgia (93% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Paul Millsap Foundation Corporation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 4391 Bridgehaven Drive, Smyrna, GA 30080
Phone: (404) 231-2001
Website: https://paulmillsap4.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Paul Millsap Foundation Corporation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was CORE4 LLC ($170K). Together the top 10 received $187K.
Grant Size Distribution
106 grants across all recorded years
The most common grant size was under $50K: 99 grants of 106 (93%).
Geographic Focus
Where this funder awards grants
The foundation’s 2024 grant dollars were reported as 93% to recipients in Georgia, 2% in Virginia, and 1% each in Tennessee, Utah, and Texas. Listed recipients also include organizations in North Carolina and Ohio.
Grant Distribution by State
Share of 2024 grant dollars across all 17 itemized grants.
States
Cities
Is Paul Millsap Foundation Corporation open to new grantees?
35%
first-time grantees, 2024
In 2024, 6 of 17 grantees (35%) were first-time recipients. With only 17 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $2K; repeat grants $17K. How we count
Medians: $1K first-time, $1K repeat.
- 59% of 2024 grantees were also funded in 2023. Method
- Giving fell 85% from 2021 to 2024. Method
- In 2024 it paid out 665% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $195K (2024) to $1.3M (2021). In 2024 it made 17 grants totaling $195K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| CORE4 LLC Chamblee, GA | To provide scholarship fund for students with financial need | $169,800 |
| Paradise Academy of Financial Literacy Powder Springs, GA | To Aid the Purpose of the Organization. | $4,000 |
| Longwood University Farmville, VA | To provide scholarship fund for students with financial need | $2,250 |
| Lipscomb University Nashville, TN | To provide scholarship fund for students with financial need. | $2,000 |
| TKO Girls Corporation Pine Lakes, GA | To Aid the Purpose of the Organization. | $2,000 |
| University of Utah Salt Lake City, UT | To provide scholarship fund for students with financial need | $2,000 |
| Hampton University Hampton, VA | To provide scholarship fund for students with financial need | $1,250 |
| Houston Christian University Houston, TX | To Aid the Purpose of the Organization. | $1,250 |
| North Carolina Agricultural and Technical State University Greensboro, NC | TO | $1,250 |
| Ohio State University Columbus, OH | To provide scholarship fund for students with financial need | $1,250 |
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Financial History
Multi-year comparison from IRS filings
The foundation files Form 990-PF.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,171 | $198,676 | $200,020 | $194,550 | 17 | $194,550 | — | $29,269 |
| 2023 | $42,577 | $171,028 | $224,981 | $216,000 | 18 | $224,108 | $3 | $32,878 |
| 2022 | $100,103 | $475,000 | $448,545 | $432,237 | 16 | $448,545 | $1 | $33,164 |
| 2021 | $74,268 | $1,325,506 | $1,402,174 | $1,271,337 | 22 | $1,402,174 | — | $33,976 |
| 2020 | $740,494 | $1,639,265 | $1,292,020 | $1,127,745 | 33 | — | — | $30,773 |
Under IRS private-foundation payout rules, Paul Millsap Foundation Corporation reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grant descriptions include scholarship funding for students with financial need and support “to aid the purpose” of recipient organizations. Among its grantees, Longwood University’s foundation describes its mission as managing real property assets and interests for Longwood University. Lipscomb University describes its mission as preparing learners for purposeful lives through rigorous academics and transformative experiences; Houston Christian University describes its mission as providing learning that fosters academic, spiritual, and professional excellence.
Grantmaking
In 2024, the foundation made 17 grants totaling $194,550. Grant amounts ranged from $1,000 to $169,800, with a median grant of $1,250. The largest listed grant was $169,800 to CORE4 LLC for a scholarship fund for students with financial need. Other listed grants included $4,000 to Paradise Academy of Financial Literacy, $2,250 to Longwood University for scholarship funding, and $2,000 each to Lipscomb University and TKO Girls Corporation.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Paul Millsap as CEO and Bettye Millsap as CFO.
Paul Millsap Foundation Corporation is led by Paul Millsap, CEO on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Paul Millsap
CEO
On filings since 2020
1 hr/week
No compensation reported
Bettye Millsap
CFO
On filings since 2020
5 hrs/week
$24K (2020) → $0 (2024)
Former officers (1)
- Former: Brendrick Simmons (2020) — Secretary
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.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $375, to Bettye Millsap (CFO).
Frequently asked questions about Paul Millsap Foundation Corporation
How much does Paul Millsap Foundation Corporation give each year?
Paul Millsap Foundation Corporation gave $195K across 17 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $216K across 18 grants.
What is Paul Millsap Foundation Corporation's typical grant size?
Paul Millsap Foundation Corporation's median grant in 2024 was $1,250, and its average grant was $11,444, across 17 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Paul Millsap Foundation Corporation that year got $2K on average.
Where does Paul Millsap Foundation Corporation give grants?
Paul Millsap Foundation Corporation gives mostly in Georgia: 93% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Paul Millsap Foundation Corporation give general operating support?
Not in 2024: none of the 17 grants with a stated purpose on Paul Millsap Foundation Corporation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Provide Scholarship Fund for Students with Financial Need" (9 grants) and "To Aid the Purpose of the Organization." (5 grants).
Who are Paul Millsap Foundation Corporation's largest grantees?
Paul Millsap Foundation Corporation's largest 2024 grantees include CORE4 LLC ($169,800), Paradise Academy of Financial Literacy ($4,000) and Longwood University ($2,250), according to its 2024 IRS Form 990-PF. Together they received 90% of its itemized 2024 grant dollars.
How large is Paul Millsap Foundation Corporation?
Paul Millsap Foundation Corporation reported $2K in total assets on its 2024 IRS Form 990-PF. It paid out $195K in qualifying distributions that year, against a required minimum of $29K (roughly 5% of its investment assets).
What does Paul Millsap Foundation Corporation fund?
No mission statement for the foundation is provided. Its 2024 grant descriptions include scholarship funding for students with financial need and support “to aid the purpose” of recipient organizations. See mission & focus areas ↑
How do I apply for a grant from Paul Millsap Foundation Corporation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Paul Millsap Foundation Corporation's EIN?
Paul Millsap Foundation Corporation's EIN (Employer Identification Number) is 47-2449420. IRS Form 990 filing data is available on this page for 2020–2024.
Does Paul Millsap Foundation Corporation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 9, 2024)
- Added Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2023
Explore Open Grants
Browse active grant opportunities in Paul Millsap Foundation Corporation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Paul Millsap Foundation Corporation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/paul-millsap-foundation-corporation-morg_62b9ddd94b7c40248b3b2cdd8658c19c
BibTeX
@misc{grantable_472449420_2026,
author = {{Grantable}},
title = {{Paul Millsap Foundation Corporation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/paul-millsap-foundation-corporation-morg_62b9ddd94b7c40248b3b2cdd8658c19c},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Paul Millsap Foundation Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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