Phillips Family Foundation Inc
Phillips Family Foundation Inc is a private foundation, based in Kennesaw, GA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 2 grants totaling $252K. Net investment income was $358K.
Phillips Family Foundation Inc at a glance
In short: Phillips Family Foundation Inc gave $252K across 2 grants in 2024 (avg $126K), mostly in Georgia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $251,588
- Grants made (2024)
- 2
- Average grant
- $125,794
- Median grant
- $125,794
- Total assets
- $2,723,454
- +36.1% vs 2023
- Primary geography
- Georgia (100% 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 Phillips Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Crosspoint City Church ($197K). Together the top 2 received $252K.
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $50–100K range: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Phillips Family Foundation Inc gives
- In 2024 it paid out 290% 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
In 2024 it made 2 grants totaling $252K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Crosspoint City Church Cartersville, GA | Charitable | $197,088 |
| North Cobb Christian School Kennesaw, GA | Charitable | $54,500 |
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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 | $2,723,454 | $1,259,210 | $252,738 | $251,588 | 2 | $251,588 | $357,827 | $86,727 |
| 2023 | $2,000,442 | $2,000,442 | — | — | — | — | $442 | $8,204 |
Under IRS private-foundation payout rules, Phillips Family Foundation Inc reported a distributable amount of $87K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Phillips Family Foundation Inc is led by Courtland Phillips, President on every filing since 2023; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Courtland Phillips
President
On filings since 2023
1 hr/week
No compensation reported
Courtney Phillips
Secretary
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "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 Phillips Family Foundation Inc
How much does Phillips Family Foundation Inc give each year?
Phillips Family Foundation Inc gave $252K across 2 grants in 2024, according to its 2024 IRS Form 990-PF.
How large is Phillips Family Foundation Inc?
Phillips Family Foundation Inc reported $2.7M in total assets on its 2024 IRS Form 990-PF. It paid out $252K in qualifying distributions that year, against a required minimum of $87K (roughly 5% of its investment assets).
Where does Phillips Family Foundation Inc operate?
Phillips Family Foundation Inc has awarded grants in Georgia.
What is Phillips Family Foundation Inc's EIN?
Phillips Family Foundation Inc's EIN (Employer Identification Number) is 93-4950236. IRS Form 990 filing data is available on this page for 2023–2024.
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 2023–2024
Live grants for the work Phillips Family Foundation Inc funds
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