Leslye H Phillips Family Foundation

Private foundation · Grantmaker Wayzata, MN EIN: 27-4817621

Leslye H Phillips Family Foundation is a private foundation, 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.

Leslye H Phillips Family Foundation at a glance

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.

Annual giving (2024)
$358,000
-6.4% vs 2023
Grants made (2024)
5
-28.6% vs 2023
Average grant
$71,600
+31.1% vs 2023
Median grant
$50,000
Total assets
$6,399,626
-1.9% vs 2023
Primary geography
Minnesota (66% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Leslye H Phillips Family Foundation funds

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

The largest 2024 recipient was The Parachute Foundation ($160K). Together the top 5 received $358K.

Grant Size Distribution

31 grants across all recorded years

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

The most common grant size was under $50K: 18 grants of 31 (58%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2024 grant dollars across all 5 itemized grants.

Cities

WayzataMinnetonkaBloomingtonEden PrairieMinneapolisPalm DesertRancho MirageChicagoColumbiaEdinaLouisvilleOakdaleSt. Paul

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.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K7 grants2020 5 grants2021 7 grants2022 7 grants2023 5 grants2024

From 2020 to 2024, annual grant giving ranged from $320K (2021) to $429K (2022). In 2024 it made 5 grants totaling $358K.

Grants by year

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
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$6,399,626$282,903$460,423$358,0005$363,968$186,448$420,228
2023$6,523,104$142,116$474,004$382,3887$391,554$105,829$356,638
2022$6,794,981$85,103$485,796$428,5007$432,622$117,919$395,048
2021$7,143,870$449,137$379,971$319,7865$322,357$390,810$428,404
2020$7,045,767$295,819$468,209$395,0007—$235,791$357,980

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.

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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

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.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

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

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Leslye H Phillips Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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