George H Philips Trust

TYLER, TX EIN: 75-6200888

George H Philips Trust is a private foundation, based in TYLER, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $604K in total assets. In 2024, it awarded 1 grants totaling $42K. Net investment income was $51K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$604K

+1.3% YoY

Annual Giving

$42K

+0.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$42K

+0.7% YoY

Under IRS private-foundation payout rules, George H Philips Trust reported a distributable amount of $41K for 2024 — the minimum it must pay out in qualifying distributions.

About George H Philips Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $241K (100%)

States

Texas

Cities

Tyler

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$603,888	$596,097	$598,285
Revenue	$74,749	$62,429	$64,550
Expenses	$66,958	$64,617	$136,674
Qualifying Distributions	$42,173	$41,891	$97,927
Net Investment Income	$51,464	$35,848	$38,124
Distributable Amount	$41,429	$37,650	$44,568

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include First Baptist Church ($42,173).

Recipient	Purpose	Amount
FIRST BAPTIST CHURCH TYLER, TX	TO SUPPORT RELIGIOUS ACTIVITIES	$42,173

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
REGIONS BANK	TRUSTEE	1	$11,954

Frequently Asked Questions

How large is George H Philips Trust?

As of 2024, George H Philips Trust holds $604K in total assets with $75K in annual revenue. It awarded 1 grants totaling $42K in 2024.

Where does George H Philips Trust operate?

George H Philips Trust has awarded grants in Texas.

What size grants does George H Philips Trust award?

In 2024, George H Philips Trust awarded 1 grants totaling $42K — an average of about $42K per grant, based on its IRS Form 990 filings.

How much is George H Philips Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, George H Philips Trust reported a distributable amount of $41K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.