Leslye H Phillips Family Foundation
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.
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.
About Leslye H Phillips Family Foundation
Based on IRS filings
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.
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 | $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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Parachute Foundation ($160,000), By the Grace of God ($120,000), Mission Animal Hospital ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE PARACHUTE FOUNDATION MINNETONKA, MN | PROGRAM SUPPORT | $160,000 |
| BY THE GRACE OF GOD PALM DESERT, CA | PROGRAM SUPPORT | $120,000 |
| MISSION ANIMAL HOSPITAL EDEN PRAIRIE, MN | PROGRAM SUPPORT | $50,000 |
| CHILDRENS MINNESOTA FOUNDATION EDINA, MN | PROGRAM SUPPORT | $25,000 |
| FOLDS OF HONOR FOUNDATION MINNESOTA INC WAYZATA, MN | PROGRAM SUPPORT | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LESLYE HUTTON PHILLIPS | PRESIDENT/TREASURER | 1 | — |
| ELIZABETH FITZPATRICK | VP/SECRETARY | 1 | — |
| LAURA E HALFERTY | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Leslye H Phillips Family Foundation?
As of 2024, Leslye H Phillips Family Foundation holds $6.4M in total assets with $283K in annual revenue. It awarded 5 grants totaling $358K in 2024.
Where does Leslye H Phillips Family Foundation operate?
Leslye H Phillips Family Foundation has awarded grants in California, Illinois, Kentucky, Maryland, Minnesota.
What size grants does Leslye H Phillips Family Foundation award?
In 2024, Leslye H Phillips Family Foundation awarded 5 grants totaling $358K — an average of about $72K per grant, based on its IRS Form 990 filings.
How much is Leslye H Phillips Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Leslye H Phillips Family Foundation reported a distributable amount of $420K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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