Phantom Foundation
Phantom Foundation is a private foundation, based in Jackson, MI. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $549K in total assets. In 2024, it awarded 6 grants totaling $405K. Net investment income was $403K.
Phantom Foundation at a glance
In short: Phantom Foundation gave $405K across 6 grants in 2024 (avg $68K), mostly in Michigan. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $405,000
- +305.0% vs 2023
- Grants made (2024)
- 6
- +100.0% vs 2023
- Average grant
- $67,500
- +102.5% vs 2023
- Median grant
- $30,000
- Total assets
- $549,378
- +1.4% vs 2023
- Primary geography
- Michigan (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Phantom Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Main St Park Alliance ($250K). Together the top 6 received $405K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 15 grants of 24 (63%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
How Phantom Foundation gives
- Giving grew 176% from 2021 to 2024. Method
- In 2024 it paid out 578% of its IRS minimum distribution (the 5% rule). 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
From 2019 to 2024, annual grant giving ranged from $100K (2023) to $405K (2024). In 2024 it made 6 grants totaling $405K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Main St Park Alliance Chelsea, MI | Consistent W/501(C)(3) Status | $250,000 |
| University of Michigan Ann Arbor, MI | Consistent W/ 501(C)(3) Status | $85,000 |
| Fisher House MI Ann Arbor, MI | Consistent W/501(C)(3) Status | $50,000 |
| Safehouse Ctr Ann Arbor, MI | Consistent W/501(C)(3) Status | $10,000 |
| Wilshire Crest PTA Los Angeles, CA | Consistent W/501(C)(3) Status | $5,000 |
| So Cal Public Radio Los Angeles, CA | Consistent W/501(C)(3) Status | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $549,378 | $412,492 | $405,024 | $405,000 | 6 | $405,000 | $402,958 | $70,044 |
| 2023 | $541,909 | $54,562 | $100,021 | $100,000 | 3 | $100,000 | $43,692 | $76,485 |
| 2022 | $587,609 | $242,573 | $175,145 | $175,000 | 4 | $175,000 | $241,612 | $72,218 |
| 2021 | $516,754 | $193,287 | $147,821 | $147,000 | 6 | $147,000 | $97,785 | $74,829 |
| 2020 | $476,155 | $167,921 | $155,729 | $152,500 | 5 | — | $77,326 | $63,063 |
| 2019 | $476,868 | $208,298 | $186,518 | $180,000 | 5 | — | $186,122 | $63,727 |
Under IRS private-foundation payout rules, Phantom Foundation reported a distributable amount of $70K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Phantom Foundation is led by William B. Holmes, President on every filing since 2019; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
William B. Holmes
President
On filings since 2019
No compensation reported
Allison Holmes
Director
On filings since 2019
No compensation reported
Raleigh Holmes
Director
On filings since 2019
No compensation reported
Whitney Holmes
Director
On filings since 2019
No compensation reported
Wendy B. Holmes
Secretary & Treasurer
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Phantom Foundation
How much does Phantom Foundation give each year?
Phantom Foundation gave $405K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $100K across 3 grants.
What is Phantom Foundation's typical grant size?
Phantom Foundation's median grant in 2024 was $30,000, and its average grant was $67,500, across 6 grants on its 2024 IRS Form 990-PF.
Where does Phantom Foundation give grants?
Phantom Foundation gives mostly in Michigan: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Ann Arbor, MI (3 grants) and Los Angeles, CA (2 grants).
Does Phantom Foundation give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Phantom Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Consistent W/501(C)(3) Status" (6 grants).
Who are Phantom Foundation's largest grantees?
Phantom Foundation's largest 2024 grantees include Main St Park Alliance ($250,000), University of Michigan ($85,000) and Fisher House MI ($50,000), according to its 2024 IRS Form 990-PF. Together they received 95% of its itemized 2024 grant dollars.
How large is Phantom Foundation?
Phantom Foundation reported $549K in total assets on its 2024 IRS Form 990-PF. It paid out $405K in qualifying distributions that year, against a required minimum of $70K (roughly 5% of its investment assets).
What is Phantom Foundation's EIN?
Phantom Foundation's EIN (Employer Identification Number) is 38-3353208. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 7, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 31, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 5, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 28, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 9, 2025)
- IRS filings on file for fiscal years 2019–2024
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