DBP Foundation
DBP Foundation is a private foundation, based in Old Orchard Beach, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 7 grants totaling $36K. Net investment income was $1.4M.
DBP Foundation at a glance
In short: DBP Foundation gave $36K across 7 grants in 2024 (avg $5K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $35,500
- -83.1% vs 2023
- Grants made (2024)
- 7
- +40.0% vs 2023
- Average grant
- $5,071
- -88.0% vs 2023
- Median grant
- $5,000
- Total assets
- $1,615,721
- +438.1% vs 2023
- Primary geography
- New York (56% 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 DBP Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was The Alliance ($10K). Together the top 7 received $36K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 27 grants of 28 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
How DBP Foundation gives
- Giving grew 232% from 2021 to 2024. Method
- In 2024 it paid out 28% 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 $11K (2021) to $211K (2023). In 2024 it made 7 grants totaling $36K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Alliance Atlas, NY | To Further Exempt Purpose of Donee | $10,000 |
| Cross Church Cumming, GA | To Further Exempt Purpose of Donee | $10,000 |
| Pioneer Oil Museum Bolivar, NY | To Further Exempt Purpose of Donee | $5,000 |
| Wellspring Ministries Belfast, NY | To Further Exempt Purpose of Donee | $5,000 |
| Wounded Warriors Jacksonville, FL | To Further Exempt Purpose of Donee | $2,500 |
| Hospice of Southern Maine Scarborough, ME | To Further Exempt Purpose of Donee | $2,000 |
| United Spinal Association Milford, NH | To Further Exempt Purpose of Donee | $1,000 |
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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 | $1,615,721 | $1,370,699 | $69,709 | $35,500 | 7 | $36,537 | $1,356,456 | $132,810 |
| 2023 | $300,251 | $200,539 | $215,247 | $210,500 | 5 | $210,664 | $198,759 | $54,746 |
| 2022 | $311,399 | $6,133 | $36,156 | $35,500 | 5 | $35,650 | $5,627 | $47,841 |
| 2021 | $341,422 | $2,661 | $12,469 | $10,700 | 8 | $10,950 | $3,122 | $47,007 |
| 2020 | $351,230 | $66,768 | $35,031 | $34,000 | 3 | — | $56,014 | $25,435 |
Under IRS private-foundation payout rules, DBP Foundation reported a distributable amount of $133K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
DBP Foundation is led by Betty J. Phillips, Director & President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Betty J. Phillips
Director & President
On filings since 2020
No compensation reported
Dean Louis Phillips
Director, Secretary & Treasurer
On filings since 2020
No compensation reported
Former officers (1)
- Former: James L. Smith (2020) — Assistant Treasurer
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.
Frequently asked questions about DBP Foundation
How much does DBP Foundation give each year?
DBP Foundation gave $36K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $211K across 5 grants.
What is DBP Foundation's typical grant size?
DBP Foundation's median grant in 2024 was $5,000, and its average grant was $5,071, across 7 grants on its 2024 IRS Form 990-PF.
Where does DBP Foundation give grants?
DBP Foundation gives mostly in New York: 56% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Georgia (28%) and Florida (7%).
Who are DBP Foundation's largest grantees?
DBP Foundation's largest 2024 grantees include The Alliance ($10,000), Cross Church ($10,000) and Pioneer Oil Museum ($5,000), according to its 2024 IRS Form 990-PF. Together they received 70% of its itemized 2024 grant dollars.
How large is DBP Foundation?
DBP Foundation reported $1.6M in total assets on its 2024 IRS Form 990-PF. It paid out $37K in qualifying distributions that year, against a required minimum of $133K (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.
What is DBP Foundation's EIN?
DBP Foundation's EIN (Employer Identification Number) is 26-0802180. 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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