Kermit G Phillips II Charitable Tr
Kermit G Phillips II Charitable Tr is a private foundation, based in Greensboro, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $49.9M in total assets. In 2024, it awarded 8 grants totaling $1.6M. Net investment income was $5.2M.
Key facts about Kermit G Phillips II Charitable Tr
In short: Kermit G Phillips II Charitable Tr gave $1.6M across 8 grants in 2024 (avg $197K), top state Texas. Source: 2024 IRS Form 990-PF.
- EIN
- 04-6977585
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,578,642
- Grants made (2024)
- 8
- Average grant
- $197,330
- Median grant
- $119,000
- Total assets
- $49,875,275
- Primary geography
- Texas (37% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$49.9M
+0.5% YoY
Annual Giving
$1.6M
+9.5% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$197K
-4.2% YoY
Under IRS private-foundation payout rules, Kermit G Phillips II Charitable Tr reported a distributable amount of $3.0M for 2024 — the minimum it must pay out in qualifying distributions.
How Kermit G Phillips II Charitable Tr gives
- Giving held roughly steady from 2021 to 2024 (+5%). Method
- In 2024 it paid out 94% 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.
Ready to take the next step with Kermit G Phillips II Charitable Tr?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.4M (2023) to $2.1M (2020). In 2024 it made 8 grants totaling $1.6M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Southern Methodist University ($580K). Together the top 7 received $1.6M.
Grant Size Distribution
40 grants across all recorded years
The most common grant size was in the $250–500K range: 13 grants of 40 (33%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Southern Methodist University Dallas, TX | Impact Lab Initiative | $580,000 |
| Shift Education Greensboro, NC | Operations and Program Support | $500,000 |
| Giving Tuesday Inc Brooklyn, NY | Programs Support | $200,000 |
| Panorama Global Seattle, WA | Operations and Program Support | $138,000 |
| Lift Our Voices Seattle, WA | Operations and Program Support | $100,000 |
| Panorama Global Seattle, WA | Child Sexual Abuse Prevention Grant | $50,000 |
| The Impact New York, NY | Operations and Program Support | $5,642 |
| Center for Violence Prevention Gainesville, FL | Research | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $49,875,275 | $49,620,486 | $58,854,090 |
| Revenue | $5,142,964 | $2,657,105 | $2,043,327 |
| Expenses | $3,351,361 | $3,908,837 | $3,409,362 |
| Qualifying Distributions | $2,831,463 | $3,384,547 | $3,006,658 |
| Net Investment Income | $5,160,407 | $2,775,392 | $2,132,778 |
| Distributable Amount | $3,025,758 | $2,797,485 | $3,015,632 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Kermit G Phillips II Charitable Tr is led by Elizabeth Carlock Phillips, Executive Director on the 2024 filing; 1 of 4 officers listed in 2024 is compensated.
Officers on the 2024 filing
Elizabeth Carlock Phillips
Executive Director
New on the 2024 filing
20 hrs/week
$46K (2024)
Keith Phillips
Trustee
On filings since 2020
No compensation reported
Kevin Phillips
Trustee
On filings since 2020
No compensation reported
Kat Phillips
Trustee
New on the 2024 filing
No compensation reported
Former officers (3)
- Former: Katherine Phillips (2020–2023) — Trustee
- Former: Kert Phillips (2020–2023) — Trustee
- Former: Peter Gilchrist (2020–2023) — Trustee
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 $46K, to Elizabeth Carlock Phillips (Executive Dir.).
Frequently asked questions about Kermit G Phillips II Charitable Tr
How much does Kermit G Phillips II Charitable Tr give each year?
Kermit G Phillips II Charitable Tr gave $1.6M across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.4M across 7 grants.
What is Kermit G Phillips II Charitable Tr's typical grant size?
Kermit G Phillips II Charitable Tr's median grant in 2024 was $119,000, and its average grant was $197,330, across 8 grants on its 2024 IRS Form 990-PF.
Where does Kermit G Phillips II Charitable Tr give grants?
Kermit G Phillips II Charitable Tr's top state is Texas, with 37% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were North Carolina (32%) and Washington (18%). The most frequent recipient cities were Seattle, WA (3 grants).
Does Kermit G Phillips II Charitable Tr give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on Kermit G Phillips II Charitable Tr's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Operations and Program Support" (4 grants).
Who are Kermit G Phillips II Charitable Tr's largest grantees?
Kermit G Phillips II Charitable Tr's largest 2024 grantees include Southern Methodist University ($580,000), Shift Education ($500,000) and Giving Tuesday Inc ($200,000), according to its 2024 IRS Form 990-PF. Together they received 81% of its itemized 2024 grant dollars.
How large is Kermit G Phillips II Charitable Tr?
Kermit G Phillips II Charitable Tr reported $49.9M in total assets on its 2024 IRS Form 990-PF. It paid out $2.8M in qualifying distributions that year, against a required minimum of $3.0M (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 Kermit G Phillips II Charitable Tr's EIN?
Kermit G Phillips II Charitable Tr's EIN (Employer Identification Number) is 04-6977585. 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.
Here's the math on researching Kermit G Phillips II Charitable Tr by hand.
Explore Open Grants
Browse active grant opportunities in Kermit G Phillips II Charitable Tr's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Enterprise Holdings Foundation
Saint Louis, MO
Enterprise Holdings Foundation supports nonprofits in health, education, arts, disaster relief, reforestation, hunger relief, and community equity, with an emphasis on organizations actively supported by Enterprise employees and their families. Its reported grants range widely: 2024 giving averaged about $7,700 across 9,499 grants, while the foundation also offers awards of up to $40,000; it supports communities where Enterprise operates worldwide. Unsolicited requests are accepted at any time, but eligible applications must be submitted by an Enterprise team member or their spouse or domestic partner on behalf of a nonprofit they actively support.
Assets
$594.3M
Grants
1
Total Given
$101.4M
Silicon Valley Community Foundation
Mountain View, CA
Silicon Valley Community Foundation funds work in areas such as housing, economic security, education, health, the environment, arts and culture, and civic engagement, with Community Action Grants supporting local, community-led organizations in San Mateo and Santa Clara counties. Its 2024 grants had a median of $51,716, though amounts varied widely; applications depend on the program, and SVCF states that it does not accept unsolicited proposals for advised funds.
Assets
$12.3B
Grants
3,576
Total Given
$3.2B
Duke Energy Foundation
Charlotte, NC
The Duke Energy Foundation funds workforce development, local economic development and recovery, disaster resilience, conservation, and economic opportunity in communities across North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. It reports more than $30 million in annual charitable grants; awards vary widely, with a 2024 median of $25,000, and applications of $20,000 or less are accepted on a rolling basis. Applicants should contact their local Foundation representative before applying.
Assets
$1.9M
Grants
41
Total Given
$25.6M
Hillsdale Fund
Greensboro, NC
Hillsdale Fund supports tax-exempt organizations across education, conservation, arts and culture, housing, and food and shelter services, with the largest share of its 2024 grants going to North Carolina, Virginia, Tennessee, Ohio, and Washington. Its 2024 grants ranged from $1,500 to $100,000, with a median of $15,000. The profile does not state whether it accepts unsolicited requests.
Assets
$29.3M
Grants
69
Total Given
$1.5M
The William & Flora Hewlett Foundation
Menlo Park, CA
The William & Flora Hewlett Foundation funds education, climate and conservation, the arts, gender equity, governance, democracy, and philanthropy, with work in the San Francisco Bay Area, the U.S. West, nationally, and internationally. Its 2024 grants had a median of $150,000, though awards ranged from $50 to more than $11 million; it often provides long-term general operating support. It generally does not accept unsolicited requests, except through invited open processes.
Assets
$14.2B
Grants
2,001
Total Given
$625.0M
The Winston-Salem Foundation
Winston-Salem, NC
The Winston-Salem Foundation funds nonprofits and community groups serving Forsyth County, North Carolina, across areas including education, housing, health, arts, community development, and human services. Its 2024 grants had a median of $25,000; specific programs offer up to $2,000 for small grants, $30,000 for civic engagement and inclusion, and $15,000 through The Women’s Fund. It accepts applications through its grants portal for listed programs, subject to their requirements and deadlines.
Assets
$630.1M
Grants
823
Total Given
$90.4M
State Employees Credit Union Foundation
Raleigh, NC
The foundation funds capital projects, regional or statewide programs, and organizational capacity building that strengthen North Carolina communities; it favors projects with broad or replicable impact and does not fund operating budgets or shortfalls. Its 2025 grants ranged from $1,250 to $1 million, with a median of $2,500. Applications are accepted at any time and typically reviewed semiannually.
Assets
$61.0M
Grants
1,806
Total Given
$17.4M
Foundation for the Carolinas
Charlotte, NC
Foundation For The Carolinas funds nonprofits and other eligible organizations working in areas such as education, health and human services, the environment, youth development, and animal welfare, primarily across 13 counties in North and South Carolina. Its 2024 grants had a median of $25,000, though amounts varied widely; most grants are donor-recommended and have no application process, while some competitive programs accept applications under program-specific rules.
Assets
$3.9B
Grants
1,605
Total Given
$609.1M
Dogwood Health Trust
Asheville, NC
Dogwood Health Trust funds organizations working to improve health and wellbeing through housing, education, economic opportunity, and health and wellness in Western North Carolina’s 18 counties and the Qualla Boundary. Its 2024 grants ranged from $2,000 to $21 million, with a median of $37,500; amounts vary by opportunity.
Assets
$2.0B
Grants
835
Total Given
$148.2M
The Community Foundation of Western North Carolina Inc
Asheville, NC
The Community Foundation of Western North Carolina funds nonprofits and public agencies working in cultural resources, education, human services and natural resources, with some programs also accepting faith communities. Grants serve 18 Western North Carolina counties and the Qualla Boundary; the median 2025 grant was $25,000, and the Human Services and Education program offers up to $25,000. Application access and deadlines vary by program; the profile does not state whether unsolicited requests are accepted.
Assets
$481.0M
Grants
793
Total Given
$59.4M
North Carolina Community Foundation Inc
Raleigh, NC
The North Carolina Community Foundation supports local needs across North Carolina, especially in rural communities, including human services, education, youth development, health, food and nutrition, arts, and scholarships. Its 2025 grants had a median award of $15,000, though amounts varied widely; organizations may apply through the relevant affiliate, giving circle, or community fund, with eligibility and deadlines varying by program.
Assets
$569.1M
Grants
732
Total Given
$30.6M
Triangle Community Foundation Inc
Durham, NC
The foundation supports nonprofits working in cultural arts, education and youth, nonprofit capacity building, and sustainable communities, with discretionary grants focused on Durham, Orange, Wake, and Chatham Counties in North Carolina. Its 2025 grants had a median of $20,000, though amounts varied widely. Eligible nonprofits or fiscally sponsored organizations can apply through its online system during open grant cycles, so requests are accepted when a relevant cycle is open.
Assets
$335.8M
Grants
599
Total Given
$26.7M
More Funders in North Carolina
Kermit G Phillips II Charitable Tr down — hundreds of funders to go?