Philip B Downing Account

DALLAS, TX EIN: 04-6009138

Philip B Downing Account is a private foundation focused on Education, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $366K in total assets. In 2024, it awarded 3 grants totaling $18K. Net investment income was $9K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$366K

+0.3% YoY

Annual Giving

$18K

+29.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$6K

+29.8% YoY

Under IRS private-foundation payout rules, Philip B Downing Account reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.

About Philip B Downing Account

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $57K (67%)

District of Columbia $29K (33%)

States

District of Columbia Massachusetts

Cities

BostonCambridgeWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$366,092	$365,095	$380,895
Revenue	$15,281	$-262	$71,364
Expenses	$26,479	$23,221	$30,761
Qualifying Distributions	$20,990	$16,702	$25,514
Net Investment Income	$8,925	$3,458	$65,795
Distributable Amount	$21,300	$19,754	$21,036

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include President and Fellows of ($5,853), Howard University ($5,853), Mass Institute of Technology ($5,853).

Recipient	Purpose	Amount
PRESIDENT AND FELLOWS OF BOSTON, MA	UNRESTRICTED GENERAL	$5,853
HOWARD UNIVERSITY WASHINGTON, DC	UNRESTRICTED GENERAL	$5,853
MASS INSTITUTE OF TECHNOLOGY CAMBRIDGE, MA	UNRESTRICTED GENERAL	$5,853

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$6,864

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Philip B Downing Account?

Philip B Downing Account is a private foundation focused on Education, based in DALLAS, TX. It holds $366K in total assets as of 2024.

How large is Philip B Downing Account?

As of 2024, Philip B Downing Account holds $366K in total assets with $15K in annual revenue. It awarded 3 grants totaling $18K in 2024.

Where does Philip B Downing Account operate?

Philip B Downing Account has awarded grants in District of Columbia, Massachusetts.

What size grants does Philip B Downing Account award?

In 2024, Philip B Downing Account awarded 3 grants totaling $18K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is Philip B Downing Account required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Philip B Downing Account reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.