Leslye H Phillips Family Foundation

Foundation · Grantmaker Wayzata, MN EIN: 27-4817621

Leslye H Phillips Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wayzata, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.4M in total assets. In 2024, it awarded 5 grants totaling $358K. Net investment income was $186K.

Key facts about Leslye H Phillips Family Foundation

In short: Leslye H Phillips Family Foundation gave $358K across 5 grants in 2024 (avg $72K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.

EIN
27-4817621
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$358,000
Grants made (2024)
5
Average grant
$71,600
Median grant
$50,000
Total assets
$6,399,626
Primary geography
Minnesota (66% 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

$6.4M

-1.9% YoY

Annual Giving

$358K

-6.4% YoY

Grant Count

5

-28.6% YoY

Avg Grant Size

$72K

+31.1% YoY

Under IRS private-foundation payout rules, Leslye H Phillips Family Foundation reported a distributable amount of $420K for 2024 — the minimum it must pay out in qualifying distributions.

How Leslye H Phillips Family Foundation gives

  • Giving held roughly steady from 2021 to 2024 (+12%). Method
  • In 2024 it paid out 87% 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

5states

Share of all 5 itemized 2024 grant dollars.

Cities

WayzataMinnetonkaBloomingtonEden PrairieMinneapolisPalm DesertRancho MirageChicagoColumbiaEdinaLouisvilleOakdaleSt Paul

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K7 grants20205 grants20217 grants20227 grants20235 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

The Parachute Foundation: $160KThe Parachute Foundation$160KBy the Grace of God: $120KBy the Grace of God$120KMission Animal Hospital: $50KMission Animal Hospital$50KChildrens Minnesota Foundation: $25KChildrens Minnesota Foundation$25KFolds of Honor Foundation Minnesota Inc: $3KFolds of Honor FoundationMinnesota Inc$3K

Grant Size Distribution

31 grants across all recorded years

18<$50K3$50–100K10$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
THE PARACHUTE FOUNDATION Minnetonka, MNPROGRAM SUPPORT$160,000
BY THE GRACE OF GOD Palm Desert, CAPROGRAM SUPPORT$120,000
MISSION ANIMAL HOSPITAL Eden Prairie, MNPROGRAM SUPPORT$50,000
CHILDRENS MINNESOTA FOUNDATION Edina, MNPROGRAM SUPPORT$25,000
FOLDS OF HONOR FOUNDATION MINNESOTA INC Wayzata, MNPROGRAM SUPPORT$3,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K20202021202220232024
Metric202420232022
Total Assets$6,399,626$6,523,104$6,794,981
Revenue$282,903$142,116$85,103
Expenses$460,423$474,004$485,796
Qualifying Distributions$363,968$391,554$432,622
Net Investment Income$186,448$105,829$117,919
Distributable Amount$420,228$356,638$395,048

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Leslye H Phillips Family Foundation is led by Leslye Hutton Phillips, President & Treasurer on every filing since 2020; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Leslye Hutton Phillips

    President & Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Laura E. Halferty

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Elizabeth Fitzpatrick

    Vice President & Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

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.

Frequently asked questions about Leslye H Phillips Family Foundation

How much does Leslye H Phillips Family Foundation give each year?

Leslye H Phillips Family Foundation gave $358K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $382K across 7 grants.

What is Leslye H Phillips Family Foundation's typical grant size?

Leslye H Phillips Family Foundation's median grant in 2024 was $50,000, and its average grant was $71,600, across 5 grants on its 2024 IRS Form 990-PF.

Where does Leslye H Phillips Family Foundation give grants?

Leslye H Phillips Family Foundation gives mostly in Minnesota: 66% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (34%).

Does Leslye H Phillips Family Foundation give general operating support?

Not in 2024: none of the 5 grants with a stated purpose on Leslye H Phillips Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (5 grants).

Who are Leslye H Phillips Family Foundation's largest grantees?

Leslye H Phillips Family Foundation's largest 2024 grantees include The Parachute Foundation ($160,000), By the Grace of God ($120,000) and Mission Animal Hospital ($50,000), according to its 2024 IRS Form 990-PF. Together they received 92% of its itemized 2024 grant dollars.

How large is Leslye H Phillips Family Foundation?

Leslye H Phillips Family Foundation reported $6.4M in total assets on its 2024 IRS Form 990-PF. It paid out $364K in qualifying distributions that year, against a required minimum of $420K (roughly 5% of its investment assets).

What is Leslye H Phillips Family Foundation?

Leslye H Phillips Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wayzata, MN. It holds $6.4M in total assets as of 2024.

What is Leslye H Phillips Family Foundation's EIN?

Leslye H Phillips Family Foundation's EIN (Employer Identification Number) is 27-4817621. 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.

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