Philip B Downing Account
Philip B Downing Account is a private foundation focused on Education, based in Dallas, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $375K in total assets. In 2025, it awarded 3 grants totaling $20K. Net investment income was $31K.
Philip B Downing Account at a glance
In short: Philip B Downing Account gave $20K across 3 grants in 2025 (avg $7K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,394
- +16.1% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $6,798
- +16.1% vs 2024
- Median grant
- $6,798
- Total assets
- $375,144
- +2.5% vs 2024
- Primary geography
- Massachusetts (67% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Philip B Downing Account funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was President and Fellows of Harvard ($7K). Together the top 3 received $20K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Philip B Downing Account gives
- Giving held roughly steady from 2022 to 2025 (−8%). Method
- In 2025 it paid out 106% 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 2025, annual grant giving ranged from $14K (2023) to $22K (2022). In 2025 it made 3 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| President and Fellows of Harvard Cambridge, MA | Unrestricted General | $6,798 |
| Massachusetts Institute of Technology Cambridge, MA | Unrestricted General | $6,798 |
| Howard University Washington, DC | Unrestricted General | $6,798 |
Ready to take the next step with Philip B Downing Account?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $375,144 | $37,236 | $29,970 | $20,394 | 3 | $24,054 | $31,029 | $22,588 |
| 2024 | $366,092 | $15,281 | $26,479 | $17,559 | 3 | $20,990 | $8,925 | $21,300 |
| 2023 | $365,095 | $-262 | $23,221 | $13,524 | 3 | $16,702 | $3,458 | $19,754 |
| 2022 | $380,895 | $71,364 | $30,761 | $22,281 | 3 | $25,514 | $65,795 | $21,036 |
| 2021 | $403,809 | $28,301 | $26,138 | $16,818 | 3 | — | $23,168 | $23,117 |
| 2020 | $351,879 | $32,906 | $22,924 | $15,426 | 3 | — | $29,150 | $19,047 |
Under IRS private-foundation payout rules, Philip B Downing Account reported a distributable amount of $23K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Philip B Downing Account's only listed officer is Bank Of America, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2022
1 hr/week
$6K (2022) → $7K (2025)
Former officers (1)
- Former: Bank Of America N A (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $7K, to Bank of America (Trustee).
Frequently asked questions about Philip B Downing Account
How much does Philip B Downing Account give each year?
Philip B Downing Account gave $20K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $18K across 3 grants.
What is Philip B Downing Account's typical grant size?
Philip B Downing Account's median grant in 2025 was $6,798, and its average grant was $6,798, across 3 grants on its 2025 IRS Form 990-PF.
Where does Philip B Downing Account give grants?
Philip B Downing Account gives mostly in Massachusetts: 67% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (33%). The most frequent recipient cities were Cambridge, MA (2 grants).
Does Philip B Downing Account give general operating support?
Yes: 100% of Philip B Downing Account's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Philip B Downing Account?
Philip B Downing Account reported $375K in total assets on its 2025 IRS Form 990-PF. It paid out $24K in qualifying distributions that year, against a required minimum of $23K (roughly 5% of its investment assets).
What is Philip B Downing Account?
Philip B Downing Account is a private foundation focused on Education, based in Dallas, TX. It holds $375K in total assets as of 2025.
What is Philip B Downing Account's EIN?
Philip B Downing Account's EIN (Employer Identification Number) is 04-6009138. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 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 2020 (received by the IRS January 21, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 31, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 23, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 31, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in Philip B Downing Account's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Norn Group
San Francisco, CA
Norn Group funds ambitious, high-risk research in longevity science and aging biology, including work on age-related disease and potential therapies; its Impetus Grants offer up to $500,000 per project. Its 2025 filing lists a single grant of $243,000 to a recipient in California, but this does not establish its overall geographic scope. The profile describes an application process but does not state whether unsolicited requests are accepted.
Assets
$3.3M
Grants
1
Total Given
$243K
The Bergstrom Foundation
Boston, MA
Assets
$4.6M
Grants
4
Total Given
$330K
Novo Nordisk Fonden
Novo Nordisk Fonden supports research, education and outreach, and social and humanitarian initiatives, with priorities in health, sustainability, and life sciences. Its 2024 grants ranged from about $151,000 to $2.23 million, with a median of about $691,000, and supported recipients in Denmark and internationally, including several U.S. states. Researchers may apply through advertised open calls; the Foundation also makes stand-alone grants and develops its own initiatives.
Assets
$8.6B
Grants
17
Total Given
$16.4M
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health access and stronger health systems, with a focus on adult and pediatric cancers, blood disorders, brain health, and clinical-trial participation in the United States, Brazil, India, and ten Sub-Saharan African countries. In 2024, its median grant was about $134,000, though awards varied widely; it does not state whether it accepts unsolicited requests, and advises prospective applicants to contact the Foundation about its process.
Assets
$83.3M
Grants
144
Total Given
$67.7M
The Pershing Square Foundation
New York, NY
The Pershing Square Foundation funds leaders and organizations addressing health and life-sciences, education, economic development, innovation, and other societal and environmental challenges, with much of its giving in New York and grants also made elsewhere in the U.S. Its 2024 grants ranged from $7,500 to $750,000, with a median of $250,000. It accepts contributions only for preselected organizations and does not accept unsolicited requests, though its prize programs have separate application processes.
Assets
$414.6M
Grants
56
Total Given
$10.9M
Edwin S Webster Foundation
Boston, MA
The Edwin S. Webster Foundation supports nonprofits in New England, especially social services, hospitals and medical research, education, youth programs, arts and culture, environmental issues, and programs serving minorities. In 2025, grants ranged from $5,000 to $300,000, with a median of $25,000; it considers capital, project, and operating support. It accepts unsolicited requests, but favors organizations known to its trustees.
Assets
$56.4M
Grants
63
Total Given
$2.5M
More similar funders
More Funders in Texas
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Philip B Downing Account'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.
Philip B Downing Account down — hundreds of funders to go?