Edward J Phillips Family Foundation
The Edward J Phillips Family Foundation is a private, independent foundation based in Wayzata, Minnesota. Established in 2004 and tax-exempt since June 2005, the foundation operates as a 501(c)(3) organization dedicated to philanthropic grantmaking across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$24.2M
-0.3% YoY
Annual Giving
$956K
-6.7% YoY
Grant Count
25
+19.0% YoY
Avg Grant Size
$38K
-21.6% YoY
Under IRS private-foundation payout rules, Edward J Phillips Family Foundation reported a distributable amount of $1.8M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation gives primarily for:
- Education
- Medical research
- Children and youth services, particularly support for children's hospitals
- Health and human services, including in-patient medical care, hospital care, and specialty hospital care
- Family services and child welfare
Grantmaking
The foundation supports projects across various U.S. cities and states, with particular focus in Minnesota, Illinois, and Wisconsin, as well as major metropolitan areas including New York, Los Angeles, and Chicago.
Grant Range
approximately $79,667 (based on 2023 total giving)
Average Grant
approximately $79,667 (based on 2023 total giving)
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Geographic Focus
Where this funder awards grants
Primary funding regions include:
- Minnesota
- Illinois
- Wisconsin
- California
- Colorado
- Washington, D.C.
- Kentucky
- Michigan
- North Carolina
- New York
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2023:
- Total Assets: $24.3 million
- Total Revenue: $807,230
- Total Expenses: $1,282,812
- Total Liabilities: $0
- Total Grants/Contributions: $250,000
- Investment Income and Dividends: $726,002
Staffing:
- 0 employees
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $24,236,902 | $24,316,986 | $24,486,071 |
| Revenue | $1,210,607 | $807,230 | $1,948,246 |
| Expenses | $1,165,892 | $1,282,812 | $1,133,748 |
| Qualifying Distributions | $957,902 | $1,026,305 | $887,095 |
| Net Investment Income | $707,568 | $524,143 | $1,419,360 |
| Distributable Amount | $1,778,733 | $1,532,824 | $1,529,207 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
105 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mayo Foundation ($250,000), Multiple Myeloma Research Foundation ($115,000), Northside Achievement Zone ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ANN & ROBERT LURIE CHILDREN'S HOSPITAL OF CHICAGO FOUNDATION CHICAGO, IL | GENERAL SUPPORT | $11,500 |
| BRECK SCHOOL GOLDEN VALLEY, MN | GENERAL SUPPORT | $5,000 |
| EAU CLAIRE COMMUNITY FOUNDATION EAU CLAIRE, WI | GENERAL SUPPORT | $20,000 |
| EVERY MEAL ROSEVILLE, MN | GENERAL SUPPORT | $25,000 |
| FOLDS OF HONOR MINNESOTA WAYZATA, MN | GENERAL SUPPORT | $6,000 |
| FRANCIS W PARKER SCHOOL CHICAGO, IL | GENERAL SUPPORT | $5,000 |
| LTSC COMMUNITY DEVELOPMENT CORPORATION LOS ANGELES, CA | GENERAL SUPPORT | $20,000 |
| MAYO FOUNDATION ROCHESTER, MN | GENERAL SUPPORT | $250,000 |
| MULTIPLE MYELOMA RESEARCH FOUNDATION NOWALK, CT | GENERAL SUPPORT | $115,000 |
| NORTHSIDE ACHIEVEMENT ZONE MINNEAPOLIS, MN | GENERAL SUPPORT | $100,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Tyler J. Phillips – President
- Jay J. Phillips – Secretary
- Hutton Phillips – Treasurer
All serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TYLER J PHILLIPS | PRESIDENT | 2 | — |
| JAY J PHILLIPS | SECRETARY | 2 | — |
| HUTTON PHILLIPS | TREASURER | 2 | — |
Contact Information
Address: 18332 Minnetonka Boulevard Wayzata, MN 55391-3232
Phone: 612-455-8101
EIN: 20-2041201
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Edward J Phillips Family Foundation fund?
The foundation gives primarily for: • Education • Medical research • Children and youth services, particularly support for children's hospitals • Health and human services, including in-patient medical care, hospital care, and specialty hospital care • Family services and child welfare
How do I apply for a grant from Edward J Phillips Family Foundation?
**Grant Activity:** • Made 12 grants in 2023, with total giving of $956,000 • Typical award range: $1,000–$250,000 • Average grant size: approximately $79,667 (based on 2023 total giving) **Recent Grantees (2023):** • Multiple Myeloma Research Foundation (MMRF): $115,000 • Northside Achievement Zone: $100,000 • The Children's Foundation / Children's Hospital of Michigan Foundation (CHMF): $81,000 **Geographic Distribution:** The foundation supports projects across various U.S. cities and states…
Where does Edward J Phillips Family Foundation make grants?
Primary funding regions include: • Minnesota • Illinois • Wisconsin • California • Colorado • Washington, D.C. • Kentucky • Michigan • North Carolina • New York
What size grants does Edward J Phillips Family Foundation award?
In 2024, Edward J Phillips Family Foundation awarded 25 grants totaling $956K — an average of about $38K per grant, based on its IRS Form 990 filings.
How much is Edward J Phillips Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Edward J Phillips Family Foundation reported a distributable amount of $1.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Edward J Phillips Family Foundation's EIN?
Edward J Phillips Family Foundation's EIN (Employer Identification Number) is 20-2041201. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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