L Donald Phillips and Dorothy G
L Donald Phillips and Dorothy G is a private foundation, based in NEWBURYPORT, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $675K in total assets. In 2024, it awarded 3 grants totaling $27K. Net investment income was $44K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$675K
+1.3% YoY
Annual Giving
$27K
+38.6% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$9K
+38.6% YoY
Under IRS private-foundation payout rules, L Donald Phillips and Dorothy G reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.
About L Donald Phillips and Dorothy G
Based on IRS filings
L Donald Phillips and Dorothy G is a private foundation, based in NEWBURYPORT, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $675K in total assets. In 2024, it awarded 3 grants totaling $27K. Net investment income was $44K.
Ready to take the next step with L Donald Phillips and Dorothy G?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $674,763 | $666,215 | $649,487 |
| Revenue | $45,171 | $45,754 | $619,403 |
| Expenses | $36,079 | $28,611 | $6,770 |
| Qualifying Distributions | $35,153 | $27,459 | $5,605 |
| Net Investment Income | $44,245 | $44,850 | $11,541 |
| Distributable Amount | $38,229 | $34,930 | $24,951 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Newburyport Education Foundation ($13,409), Friends of Ipswich Library ($6,704), Friends of Ipswich Elderly ($6,704).
| Recipient | Purpose | Amount |
|---|---|---|
| NEWBURYPORT EDUCATION FOUNDATION NEWBURYPORT, MA | CHARITABLE CONTRIBUTION | $13,409 |
| FRIENDS OF IPSWICH LIBRARY IPSWICH, MA | CHARITABLE CONTRIBUTION | $6,704 |
| FRIENDS OF IPSWICH ELDERLY IPSWICH, MA | CHARITABLE CONTRIBUTION | $6,704 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Frequently Asked Questions
How large is L Donald Phillips and Dorothy G?
As of 2024, L Donald Phillips and Dorothy G holds $675K in total assets with $45K in annual revenue. It awarded 3 grants totaling $27K in 2024.
Where does L Donald Phillips and Dorothy G operate?
L Donald Phillips and Dorothy G has awarded grants in Massachusetts.
What size grants does L Donald Phillips and Dorothy G award?
In 2024, L Donald Phillips and Dorothy G awarded 3 grants totaling $27K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is L Donald Phillips and Dorothy G required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, L Donald Phillips and Dorothy G reported a distributable amount of $38K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is L Donald Phillips and Dorothy G's EIN?
L Donald Phillips and Dorothy G's EIN (Employer Identification Number) is 04-6650414. 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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