Phelps Family Foundation
Phelps Family Foundation is a private foundation, based in Tuscaloosa, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $321K in total assets. In 2024, it awarded 6 grants totaling $35K. Net investment income was $4K.
Phelps Family Foundation at a glance
In short: Phelps Family Foundation gave $35K across 6 grants in 2024 (avg $6K), mostly in Alabama. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $35,000
- +40.0% vs 2023
- Grants made (2024)
- 6
- +50.0% vs 2023
- Average grant
- $5,833
- -6.7% vs 2023
- Median grant
- $5,500
- Total assets
- $321,311
- +6.0% vs 2023
- Primary geography
- Alabama (60% 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 Phelps Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Miscellaneous Grant ($10K). Together the top 6 received $35K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 22 grants of 22 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Phelps Family Foundation gives
- Giving grew 52% from 2021 to 2024. Method
- In 2024 it paid out 232% 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 2020 to 2024, annual grant giving ranged from $20K (2020) to $35K (2024). In 2024 it made 6 grants totaling $35K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Miscellaneous Grant Tuscaloosa, AL | Support of Programs | $10,000 |
| Camp Seafarer Arapahoe, NC | Support of Programs | $6,000 |
| Home in Place Tuscaloosa, AL | Support of Programs | $6,000 |
| Samaritan's Purse Boone, NC | Support of Programs | $5,000 |
| Margit and Frank Messier Endowed Fund Tuscaloosa, AL | Support of Programs | $5,000 |
| YMCA Blue Ridge Assembly Black Mountain, NC | Support of Programs | $3,000 |
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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 | $321,311 | $55,210 | $36,881 | $35,000 | 6 | $35,917 | $4,292 | $15,501 |
| 2023 | $302,982 | $54,211 | $26,751 | $25,000 | 4 | $25,872 | $3,332 | $13,717 |
| 2022 | $275,522 | $50,265 | $29,266 | $25,000 | 4 | $27,131 | — | $12,621 |
| 2021 | $254,523 | $50,197 | $24,575 | $23,000 | 4 | $23,788 | — | $11,380 |
| 2020 | $228,901 | $50,401 | $21,500 | $20,000 | 4 | — | — | $9,962 |
Under IRS private-foundation payout rules, Phelps Family Foundation reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Phelps Family Foundation is led by Carroll C. Phelps, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Carroll C. Phelps
President
On filings since 2020
1 hr/week
No compensation reported
Ann Elizabeth Phelps Hill
Secretary
On filings since 2020
1 hr/week
No compensation reported
Paul Chandler Phelps
Vice President
On filings since 2020
1 hr/week
No compensation reported
Sam Taylor Phelps
Vice President
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 Phelps Family Foundation
How much does Phelps Family Foundation give each year?
Phelps Family Foundation gave $35K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $25K across 4 grants.
What is Phelps Family Foundation's typical grant size?
Phelps Family Foundation's median grant in 2024 was $5,500, and its average grant was $5,833, across 6 grants on its 2024 IRS Form 990-PF.
Where does Phelps Family Foundation give grants?
Phelps Family Foundation gives mostly in Alabama: 60% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was North Carolina (40%). The most frequent recipient cities were Tuscaloosa, AL (3 grants).
Does Phelps Family Foundation give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Phelps Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support of Programs" (6 grants).
Who are Phelps Family Foundation's largest grantees?
Phelps Family Foundation's largest 2024 grantees include Miscellaneous Grant ($10,000), Camp Seafarer ($6,000) and Home in Place ($6,000), according to its 2024 IRS Form 990-PF. Together they received 63% of its itemized 2024 grant dollars.
How large is Phelps Family Foundation?
Phelps Family Foundation reported $321K in total assets on its 2024 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets).
What is Phelps Family Foundation's EIN?
Phelps Family Foundation's EIN (Employer Identification Number) is 84-4032465. 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
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Phelps Family Foundation funds
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