The Faith Foundation Inc
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.
The Faith Foundation Inc at a glance
In short: The Faith Foundation Inc gave $400K across 1 grant in 2024 (avg $400K), mostly in Oregon. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $400,000
- +128.2% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $400,000
- +356.4% vs 2023
- Median grant
- $400,000
- Total assets
- $62,950,867
- +0.8% vs 2023
- Primary geography
- Oregon (100% 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 The Faith Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Trinity Lutheran Church ($400K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 2 grants of 6 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10K (2022) to $717K (2020). In 2024 it made 1 grant totaling $400K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Trinity Lutheran Church Dallas, OR | Pay off loan | $400,000 |
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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 | $62,950,867 | $4,420,946 | $494,169 | $400,000 | 1 | $420,000 | $2,446,777 | $2,093,846 |
| 2023 | $62,424,090 | $5,088,964 | $299,993 | $175,281 | 2 | $7,199,866 | $1,588,837 | $3,105,016 |
| 2022 | $57,635,119 | $3,631,273 | $203,066 | $10,000 | 1 | $2,837,420 | $1,386,926 | $2,816,344 |
| 2021 | $54,206,912 | $3,440,058 | $74,532 | $12,000 | 1 | $34,420 | $1,985,726 | $3,287,142 |
| 2020 | $49,500,984 | $4,081,047 | $831,586 | $716,700 | 1 | — | $1,624,459 | $3,048,639 |
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.
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
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.
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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