Kermit G Phillips Ii Charitable Tr
Kermit G Phillips Ii Charitable Tr is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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.
About Kermit G Phillips Ii Charitable Tr
Based on IRS filings
Kermit G Phillips Ii Charitable Tr is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Southern Methodist University ($580,000), Shift Education ($500,000), Giving Tuesday Inc ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SOUTHERN METHODIST UNIVERSITY DALLAS, TX | IMPACT LAB INITIATIVE | $580,000 |
| LIFT OUR VOICES SEATTLE, WA | OPERATIONS AND PROGRAM SUPPORT | $100,000 |
| PANORAMA GLOBAL Seattle, WA | OPERATIONS AND PROGRAM SUPPORT | $138,000 |
| THE IMPACT NEW YORK, NY | OPERATIONS AND PROGRAM SUPPORT | $5,642 |
| GIVING TUESDAY INC BROOKLYN, NY | PROGRAMS SUPPORT | $200,000 |
| PANORAMA GLOBAL SEATTLE, WA | CHILD SEXUAL ABUSE PREVENTION GRANT | $50,000 |
| SHIFT EDUCATION GREENSBORO, NC | OPERATIONS AND PROGRAM SUPPORT | $500,000 |
| CENTER FOR VIOLENCE PREVENTION GAINESVILLE, FL | RESEARCH | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KAT PHILLIPS | Trustee | — | — |
| KEITH PHILLIPS | Trustee | — | — |
| KEVIN PHILLIPS | Trustee | — | — |
| ELIZABETH CARLOCK PHILLIPS | Executive Dir. | 20 | $46,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Kermit G Phillips Ii Charitable Tr?
Kermit G Phillips Ii Charitable Tr is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENSBORO, NC. It holds $49.9M in total assets as of 2024.
How large is Kermit G Phillips Ii Charitable Tr?
As of 2024, Kermit G Phillips Ii Charitable Tr holds $49.9M in total assets with $5.1M in annual revenue. It awarded 8 grants totaling $1.6M in 2024.
Where does Kermit G Phillips Ii Charitable Tr operate?
Kermit G Phillips Ii Charitable Tr has awarded grants in California, District of Columbia, Florida, North Carolina, New York, Texas, Virginia, Washington.
What size grants does Kermit G Phillips Ii Charitable Tr award?
In 2024, Kermit G Phillips Ii Charitable Tr awarded 8 grants totaling $1.6M — an average of about $197K per grant, based on its IRS Form 990 filings.
How much is Kermit G Phillips Ii Charitable Tr required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kermit G Phillips Ii Charitable Tr reported a distributable amount of $3.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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