The Tennessee State Capitol

Form 990-PFTax year 2025EIN 26-0644407

Lift Foundation Inc

A private foundation in Knoxville, TN. Its return for tax year 2025 lists 10 grants and $15,173 paid in grants.

Tax year 2025 (period ending Dec 31, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

8 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2025

    $15,173

    Grants listed
    10
    Assets, end of year
    $243,472
  • Tax year 2024

    $28,638

    Grants listed
    14
    Assets, end of year
    $227,801
  • Tax year 2023

    $5,350

    Grants listed
    7
    Assets, end of year
    $243,587
  • Tax year 2022

    $21,360

    Grants listed
    13
    Assets, end of year
    $218,567
  • Tax year 2021

    $20,168

    Grants listed
    16
    Assets, end of year
    $280,003
  • Tax year 2020

    $5,705

    Grants listed
    10
    Assets, end of year
    $264,267
  • Tax year 2019

    $101,561

    Grants listed
    16
    Assets, end of year
    $226,609
  • Tax year 2018

    $38,178

    Grants listed
    6
    Assets, end of year
    $279,759

Grants paid in 2025

10 grants, largest first

As listed on the return.

  1. Lift Foundation Donor Advised FundKnoxville, TN

    Contribution to donor advised fund

    $8,615
  2. First Baptist Church ConcordKnoxville, TN

    Contribution to general fund

    $1,423
  3. Scott Hamilton Cares FoundationFranklin, TN

    Contribution to general fund

    $1,100
  4. Brother's KeeperJohnson City, TN

    Contribution to general fund

    $1,000
  5. Emmaus CommunityJohnson City, TN

    Contribution to general fund

    $1,000
  6. Samaritan's PurseBoone, NC

    Contribution to general fund

    $1,000
  7. Heritage Baptist ChurchJohnson City, TN

    Contribution to general fund

    $500
  8. Emerald Youth FoundationKnoxville, TN

    Contribution to general fund

    $250
  9. Berachah Bible ChurchJonesboro, GA

    Contribution to general fund

    $250
  10. Tennessee Sheriff's AssociationLebanon, TN

    Contribution to general fund

    $35

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Medical research1 grant $1,10033% of the total
  2. Education1 grant $1,00030% of the total
  3. Religion1 grant $1,00030% of the total
  4. Youth development1 grant $2507% of the total

By State

Grants to organizations with a US address, latest year.

  1. Tennessee8 grants $13,923
  2. North Carolina1 grant $1,000
  3. Georgia1 grant $250

Officers, directors and trustees

6 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Penny SherwoodPRESIDENT Hours 2Pay $0
  • Larry SherwoodDIRECTOR Hours 2Pay $0
  • Stacey HallDIRECTOR Hours 2Pay $0
  • Steve SherwoodDIRECTOR Hours 2Pay $0
  • Pam SherwoodDIRECTOR Hours 2Pay $0
  • Jeff HallDIRECTOR Hours 2Pay $0

The return

More foundations

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Same main cause (medical research), giving between a quarter and four times this foundation’s where possible, nearby first.

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  2. The Kelly Rooney FoundationPalm Beach, FL 1 grant Preselected only $15,000 giving
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  4. Deborah M Cooley Charitable TrustChicago, IL 1 grant Preselected only $15,000 giving
  5. Godshalk Family Charitable Foundation U/agr DTD 12/23/2005Boston, MA 22 grants Preselected only $14,500 giving