Phi Rho Sigma Foundation
Phi Rho Sigma Foundation is a private foundation focused on Education, based in Noblesville, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $578K in total assets. In 2024, it awarded 1 grant totaling $40K. Net investment income was $32K.
Phi Rho Sigma Foundation at a glance
In short: Phi Rho Sigma Foundation gave $40K across 1 grant in 2024 (avg $40K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $40,000
- -29.2% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $40,000
- +41.6% vs 2023
- Median grant
- $40,000
- Total assets
- $578,398
- -1.5% vs 2023
- Primary geography
- Indiana (100% 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 Phi Rho Sigma Foundation funds
How this funder distributes its grants
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 10 grants of 11 (91%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Phi Rho Sigma Foundation gives
- Giving held roughly steady from 2021 to 2024 (−6%). Method
- In 2024 it paid out 49% 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
From 2019 to 2024, annual grant giving ranged from $28K (2022) to $106K (2019). In 2024 it made 1 grant totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $40,000 |
Ready to take the next step with Phi Rho Sigma Foundation?
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 | $578,398 | $51,244 | $60,238 | $40,000 | 1 | $40,000 | $32,279 | $82,284 |
| 2023 | $587,392 | $31,697 | $77,930 | $56,500 | 2 | $56,500 | $18,096 | $75,356 |
| 2022 | $633,625 | $64,099 | $54,689 | $28,184 | 3 | $28,184 | $43,508 | $72,594 |
| 2021 | $624,215 | $29,389 | $60,361 | $42,500 | 2 | $42,500 | $15,746 | $74,153 |
| 2020 | $655,187 | $59,706 | $70,447 | $52,500 | 3 | — | $39,117 | $59,430 |
| 2019 | $665,928 | $78,479 | $127,883 | $106,250 | 9 | — | $62,197 | $61,042 |
Under IRS private-foundation payout rules, Phi Rho Sigma Foundation reported a distributable amount of $82K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Phi Rho Sigma Foundation's 2024 filing lists 3 officers; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
John D. Ayres
Trustee
On filings since 2019
2 hrs/week
$4K (2019) → $3K (2024)
James L. Jackson
Trustee
On filings since 2019
0.1 hrs/week
No compensation reported
Martin B. Wice
Trustee
On filings since 2019
0.1 hrs/week
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $3K, to John D Ayres (Trustee).
Frequently asked questions about Phi Rho Sigma Foundation
How much does Phi Rho Sigma Foundation give each year?
Phi Rho Sigma Foundation gave $40K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $57K across 2 grants.
How large is Phi Rho Sigma Foundation?
Phi Rho Sigma Foundation reported $578K in total assets on its 2024 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $82K (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 Phi Rho Sigma Foundation?
Phi Rho Sigma Foundation is a private foundation focused on Education, based in Noblesville, IN. It holds $578K in total assets as of 2024.
Where does Phi Rho Sigma Foundation operate?
Phi Rho Sigma Foundation has awarded grants in Arizona, Iowa, Indiana, Michigan, Minnesota, Nebraska, Ohio.
What is Phi Rho Sigma Foundation's EIN?
Phi Rho Sigma Foundation's EIN (Employer Identification Number) is 35-1974282. 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 August 6, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 22, 2025)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Phi Rho Sigma Foundation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Phi Rho Sigma Foundation's focus areas in our free grants database
Similar Funders
Similar funders in Indiana
Lilly Endowment Inc
Indianapolis, IN
Lilly Endowment funds community development, education and youth, and religion, with priority given to Indianapolis and Indiana and some national support, especially for religion. Its 2025 grants had a median of $100,000, though awards varied widely; for community development requests, it suggests starting with a brief preliminary letter.
Assets
$105.9B
Grants
2,285
Total Given
$3.9B
National Collegiate Athletic Association
Indianapolis, IN
The NCAA funds college sports, including member conferences and schools, championships, student-athlete programs, coaching and athletics administration, and academic initiatives. Its 2025 grants ranged from $5,000 to $61.9 million, with a median of $16,228; recipients were across the United States, with the largest reported shares in Texas, North Carolina, Illinois, and Alabama. The profile does not state whether the NCAA accepts unsolicited requests.
Assets
$1.1B
Grants
591
Total Given
$627.8M
Central Indiana Community Foundation Inc
Indianapolis, IN
Through its funds and collaborative entities, CICF supports a broad range of charitable work, including equity, food access, childcare, arts, nature, and youth programs, primarily in Central Indiana. Its 2024 grants had a median award of $25,000; some funds offer competitive applications, while others are invitation-only, and CICF itself does not directly award grants.
Assets
$583.5M
Grants
525
Total Given
$31.1M
University of Notre Dame du Lac
Notre Dame, IN
The University of Notre Dame supports student aid, Catholic education and mission, research, academics, athletics, and other university priorities, with grants reported to organizations and institutions in multiple U.S. states. Its 2025 grants ranged from $5,500 to $36.5 million, with a median of $30,480; some specific programs solicit eligible proposals, but no general policy on unsolicited requests is stated.
Assets
$29.6B
Grants
462
Total Given
$84.8M
United Way of Central Indiana Inc
Indianapolis, IN
United Way of Central Indiana funds nonprofits addressing basic needs, early learning, economic mobility, safe and affordable housing, and organizational capacity in Boone, Hamilton, Hancock, Hendricks, Marion, Morgan, and Putnam counties. Its 2025 grants ranged from $86 to $1.74 million, with a median of $16,238. The profile does not state whether it accepts unsolicited requests.
Assets
$255.2M
Grants
370
Total Given
$29.9M
Lumina Foundation for Education Inc
Indianapolis, IN
Lumina Foundation funds research, policy, technical assistance, and initiatives that expand equitable access to education and credentials beyond high school, with a national focus. Its 2024 grants ranged from $500 to $2.51 million, with a median of $12,500. It says it does not accept unsolicited requests; funding is primarily proactive, with occasional open calls for proposals.
Assets
$1.5B
Grants
357
Total Given
$30.0M
More similar funders
More Funders in Indiana
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Phi Rho Sigma 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.
Phi Rho Sigma Foundation down — hundreds of funders to go?