The Faith Foundation Inc

Private foundation · Grantmaker Salem, OR EIN: 93-1115227

The Faith Foundation Inc is a private foundation, based in Salem, OR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $63.0M in total assets. In 2024, it awarded 1 grant totaling $400K. Net investment income was $2.4M.

Key facts about The Faith Foundation Inc

In short: The Faith Foundation Inc gave $400K across 1 grant in 2024 (avg $400K), mostly in Oregon. Source: 2024 IRS Form 990-PF.

EIN
93-1115227
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$400,000
Grants made (2024)
1
Average grant
$400,000
Median grant
$400,000
Total assets
$62,950,867
Primary geography
Oregon (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$63.0M

+0.8% YoY

Annual Giving

$400K

+128.2% YoY

Grant Count

1

-50.0% YoY

Avg Grant Size

$400K

+356.4% YoY

Under IRS private-foundation payout rules, The Faith Foundation Inc reported a distributable amount of $2.1M for 2024 — the minimum it must pay out in qualifying distributions.

How The Faith Foundation Inc gives

  • Giving grew 3233% from 2021 to 2024. Method
  • In 2024 it paid out 20% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

States

Cities

SalemDallas

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K1 grant2020 1 grant2021 1 grant2022 2 grants2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $10K (2022) to $717K (2020). In 2024 it made 1 grant totaling $400K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2024

Trinity Lutheran Church: $400KTrinity Lutheran Church$400K

The largest 2024 recipient was Trinity Lutheran Church ($400K).

Grant Size Distribution

6 grants across all recorded years

2<$50K1$50–100K1$100–250K1$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 6 (33%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Trinity Lutheran Church Dallas, ORPay off loan$400,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M$8M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$62,950,867$62,424,090$57,635,119
Revenue$4,420,946$5,088,964$3,631,273
Expenses$494,169$299,993$203,066
Qualifying Distributions$420,000$7,199,866$2,837,420
Net Investment Income$2,446,777$1,588,837$1,386,926
Distributable Amount$2,093,846$3,105,016$2,816,344

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Faith Foundation Inc is led by Richard Faith, President on every filing since 2020; 1 of 5 officers listed in 2024 is compensated.

Officers on the 2024 filing

  • Richard Faith

    President

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Daniel Kerr

    Secretary & Treasurer

    On filings since 2020

    25 hrs/week

    $60K (2020) → $60K (2024)

  • Sandra Sato

    Vice President

    On filings since 2020

    1 hr/week

    $5K (2020) → $0 (2024)

  • Jennifer Rowland

    Vice President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Jodie Ross

    Vice President

    On filings since 2020

    1 hr/week

    No compensation reported

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 2024 IRS filing

Daniel Kerr — Sec / Tres: $60KDaniel KerrSec / Tres$60K

The highest reported compensation on the 2024 filing was $60K, to Daniel Kerr (Sec / Tres).

Frequently asked questions about The Faith Foundation Inc

How much does The Faith Foundation Inc give each year?

The Faith Foundation Inc gave $400K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $175K across 2 grants.

How large is The Faith Foundation Inc?

The Faith Foundation Inc reported $63.0M in total assets on its 2024 IRS Form 990-PF. It paid out $420K in qualifying distributions that year, against a required minimum of $2.1M (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 The Faith Foundation Inc operate?

The Faith Foundation Inc has awarded grants in Oregon.

What is The Faith Foundation Inc's EIN?

The Faith Foundation Inc's EIN (Employer Identification Number) is 93-1115227. 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.

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