Margaret & Peter Philips Family
Margaret & Peter Philips Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MELVILLE, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 5 grants totaling $134K. Net investment income was $21K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
Annual Giving
$134K
Grant Count
5
Avg Grant Size
$27K
Under IRS private-foundation payout rules, Margaret & Peter Philips Family reported a distributable amount of $68K for 2024 — the minimum it must pay out in qualifying distributions.
About Margaret & Peter Philips Family
Based on IRS filings
Margaret & Peter Philips Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MELVILLE, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 5 grants totaling $134K. Net investment income was $21K.
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 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $1,288,217 | $1,487,963 | $1,137,861 |
| Revenue | $41,011 | $440,681 | $1,137,861 |
| Expenses | $159,029 | $90,579 | — |
| Qualifying Distributions | $139,233 | $82,818 | — |
| Net Investment Income | $21,192 | $23,047 | — |
| Distributable Amount | $68,307 | $62,895 | $313 |
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
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Streetsquash ($60,500), Epic Long Island ($25,000), Children's Medical Fund ($23,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILDREN'S MEDICAL FUND SYOSSET, NY | GENERAL SUPPORT | $23,000 |
| STREETSQUASH NEW YORK, NY | GENERAL SUPPORT | $60,500 |
| EPIC LONG ISLAND EAST MEADOW, NY | GENERAL SUPPORT | $25,000 |
| ST JUDE CHILDREN'S RESEARCH HOSPITAL NEW YORK, NY | GENERAL SUPPORT | $20,000 |
| STRIDES4STEVEN WANTAGH, NY | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEVEN BLOCK | PRESIDENT | 1 | — |
| SAMANTHA WHITTAKER | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Margaret & Peter Philips Family?
Margaret & Peter Philips Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MELVILLE, NY. It holds $1.3M in total assets as of 2024.
How large is Margaret & Peter Philips Family?
As of 2024, Margaret & Peter Philips Family holds $1.3M in total assets with $41K in annual revenue. It awarded 5 grants totaling $134K in 2024.
Where does Margaret & Peter Philips Family operate?
Margaret & Peter Philips Family has awarded grants in Maryland, New York.
What size grants does Margaret & Peter Philips Family award?
In 2024, Margaret & Peter Philips Family awarded 5 grants totaling $134K — an average of about $27K per grant, based on its IRS Form 990 filings.
How much is Margaret & Peter Philips Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Margaret & Peter Philips Family reported a distributable amount of $68K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Margaret & Peter Philips Family's EIN?
Margaret & Peter Philips Family's EIN (Employer Identification Number) is 87-1559880. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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