Philene Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 25 grants totaling $183K. Net investment income was $49K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
-10.7% YoY
Annual Giving
$183K
+208.9% YoY
Grant Count
25
+92.3% YoY
Avg Grant Size
$7K
+60.6% YoY
Under IRS private-foundation payout rules, Philene Foundation reported a distributable amount of $115K for 2024 — the minimum it must pay out in qualifying distributions.
About Philene Foundation
Based on IRS filings
Philene Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 25 grants totaling $183K. Net investment income was $49K.
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 | $1,179,063 | $1,320,249 | $1,350,766 |
| Revenue | $49,001 | $53,938 | $51,963 |
| Expenses | $190,187 | $59,936 | $142,444 |
| Qualifying Distributions | $183,000 | $59,250 | $142,444 |
| Net Investment Income | $49,001 | $53,938 | $52,009 |
| Distributable Amount | $115,201 | $96,993 | $90,110 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
113 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Preservation Foundation of Palm Bea ($30,000), Bowdoin College ($23,000), Uja ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN JEWISH COMMITTEE NEW YORK, NY | GENERAL | $5,000 |
| BOWDOIN COLLEGE BRUNSWICK, ME | EDUCATION | $23,000 |
| CHOATE ROSEMARY HALL WALLINGFORD CENTER, CT | EDUCATION | $10,000 |
| GOOD SHEPERD FOOD BANK AUBURN, ME | GENERAL | $2,000 |
| UJA NEW YORK, NY | GENERAL | $15,000 |
| AMERICAN KIDNEY FUND MELVILLE, NY | GENERAL | $15,000 |
| TOWN OF PALM BEACH UNITED WAY PALM BEACH, FL | GENERAL | $1,500 |
| PRESERVATION FOUNDATION OF PALM BEA PALM BEACH, FL | GENERAL | $30,000 |
| NORTON MUSEUM OF ART West Palm Beach, FL | GENERAL | $3,500 |
| LAKES ENVIRONMENT ASSOCIATION BRIDGTON, ME | GENERAL | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JULIE E HERZIG | Trustee | — | — |
| LYDIA LANDESBERG | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Philene Foundation?
Philene Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. It holds $1.2M in total assets as of 2024.
How large is Philene Foundation?
As of 2024, Philene Foundation holds $1.2M in total assets with $49K in annual revenue. It awarded 25 grants totaling $183K in 2024.
Where does Philene Foundation operate?
Philene Foundation has awarded grants in Arizona, California, Connecticut, Florida, Massachusetts, Maryland, Maine, New Jersey, New York.
What size grants does Philene Foundation award?
In 2024, Philene Foundation awarded 25 grants totaling $183K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Philene Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Philene Foundation reported a distributable amount of $115K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Philene Foundation's EIN?
Philene Foundation's EIN (Employer Identification Number) is 11-3520681. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Philene Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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