L Donald Phillips and Dorothy G Phillips Foundation
L Donald Phillips and Dorothy G Phillips Foundation 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.
Key facts about L Donald Phillips and Dorothy G Phillips Foundation
In short: L Donald Phillips and Dorothy G Phillips Foundation gave $27K across 3 grants in 2024 (avg $9K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- EIN
- 04-6650414
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $26,817
- Grants made (2024)
- 3
- Average grant
- $8,939
- Median grant
- $6,704
- Total assets
- $674,763
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated October 2026.
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 Phillips Foundation reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.
How L Donald Phillips and Dorothy G Phillips Foundation gives
- In 2024 it paid out 92% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $1K (2022) to $27K (2024). In 2024 it made 3 grants totaling $27K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Newburyport Education Foundation ($13K). Together the top 3 received $27K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Giving History
Grant recipients and amounts by year
| 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 |
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 |
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
L Donald Phillips and Dorothy G Phillips Foundation's 2024 filing lists 3 officers; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Cambridge Trust
Trustee
New on the 2024 filing
$8K (2024)
James Connolly
Trustee
On filings since 2020
No compensation reported
Jeremiah Lewis
Trustee
On filings since 2020
No compensation reported
Former officers (3)
- Former: Eastern Bank Management (2022–2023) — Trustee
- Former: Donald Whiston (2020) — Trustee
- Former: Eastern Bank Wealth Mgmt (2020) — 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 $8K, to Cambridge Trust (Trustee).
Frequently asked questions about L Donald Phillips and Dorothy G Phillips Foundation
How much does L Donald Phillips and Dorothy G Phillips Foundation give each year?
L Donald Phillips and Dorothy G Phillips Foundation gave $27K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $19K across 3 grants.
What is L Donald Phillips and Dorothy G Phillips Foundation's typical grant size?
L Donald Phillips and Dorothy G Phillips Foundation's median grant in 2024 was $6,704, and its average grant was $8,939, across 3 grants on its 2024 IRS Form 990-PF.
Where does L Donald Phillips and Dorothy G Phillips Foundation give grants?
L Donald Phillips and Dorothy G Phillips Foundation gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Ipswich, MA (2 grants).
How large is L Donald Phillips and Dorothy G Phillips Foundation?
L Donald Phillips and Dorothy G Phillips Foundation reported $675K in total assets on its 2024 IRS Form 990-PF. It paid out $35K in qualifying distributions that year, against a required minimum of $38K (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 L Donald Phillips and Dorothy G Phillips Foundation's EIN?
L Donald Phillips and Dorothy G Phillips Foundation's EIN (Employer Identification Number) is 04-6650414. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching L Donald Phillips and Dorothy G Phillips Foundation by hand.
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