Phillips Family Foundation
Phillips Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TULSA, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 5 grants totaling $150K. Net investment income was $1.1M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
+17.1% YoY
Annual Giving
$150K
+75.4% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$30K
+75.4% YoY
Under IRS private-foundation payout rules, Phillips Family Foundation reported a distributable amount of $90K for 2024 — the minimum it must pay out in qualifying distributions.
About Phillips Family Foundation
Based on IRS filings
Phillips Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TULSA, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 5 grants totaling $150K. Net investment income was $1.1M.
Focus Areas
Ready to take the next step with Phillips Family Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,091,140 | $1,785,474 | $1,412,326 |
| Revenue | $1,575,207 | $482,212 | $299,776 |
| Expenses | $167,606 | $99,218 | $20,936 |
| Qualifying Distributions | $153,445 | $94,968 | $6,940 |
| Net Investment Income | $1,114,344 | $56,386 | $12,610 |
| Distributable Amount | $90,266 | $91,600 | $62,704 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Renown Health Foundation ($75,000), University of Tulsa ($35,000), Northern Nevada Children's Cancer Foundation ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MY HOMETOWN HEROES INC RENO, NV | PIERCE PHILLIPS MEMORIAL SCHOLARSHIP | $5,000 |
| NORTHERN NEVADA CHILDREN'S CANCER FOUNDATION RENO, NV | INSPIRE SCHOLARSHIP PROGRAM | $30,000 |
| PIERCE PHILLIPS CHARITY TULSA, OK | SERVING FOR GOLD: FIGHTING CHILDHOOD CANCER SPONSORSHIP | $5,000 |
| RENOWN HEALTH FOUNDATION RENO, NV | LEAD CANCER RESEARCH COORDINATOR AT RENOWN CHILDREN'S HOSPITAL | $75,000 |
| UNIVERSITY OF TULSA TULSA, OK | NEAL R. SWEENEY MEMORIAL SCHOLARSHIP ENDOWMENT FUND | $35,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT D PHILLIPS JR | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Phillips Family Foundation?
Phillips Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TULSA, OK. It holds $2.1M in total assets as of 2024.
How large is Phillips Family Foundation?
As of 2024, Phillips Family Foundation holds $2.1M in total assets with $1.6M in annual revenue. It awarded 5 grants totaling $150K in 2024.
Where does Phillips Family Foundation operate?
Phillips Family Foundation has awarded grants in California, Nevada, Oklahoma.
What size grants does Phillips Family Foundation award?
In 2024, Phillips Family Foundation awarded 5 grants totaling $150K — an average of about $30K per grant, based on its IRS Form 990 filings.
How much is Phillips Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Phillips Family Foundation reported a distributable amount of $90K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Phillips Family Foundation's EIN?
Phillips Family Foundation's EIN (Employer Identification Number) is 27-1259958. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Phillips Family Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Charles N Mathewson Foundation
RENO, NV
Assets
$302K
Grants
5
Total Given
$278K
The Nell J Redfield Foundation
RENO, NV
Assets
$69.1M
Grants
91
Total Given
$4.5M
Crystal Family Foundation
RENO, NV
Assets
$23.4M
Grants
76
Total Given
$878K
Bancroft-clair Foundation Inc
AUSTIN, TX
Assets
—
Grants
36
Total Given
$486K
The E L Cord Foundation
RENO, NV
Assets
—
Grants
90
Total Given
$3.6M
Community Foundation of Northern Nevada
RENO, NV
Assets
$178.2M
Grants
207
Total Given
$16.0M
Estelle J Kelsey Foundation
RENO, NV
Assets
—
Grants
36
Total Given
$1.2M
Minnie B Leonette Family Foundation
RENO, NV
Assets
$2.4M
Grants
10
Total Given
$97K
Thelma B & Thomas P Hart Foundation
RENO, NV
Assets
$22.4M
Grants
39
Total Given
$1.2M
The Marshall R Matley Foundation
RENO, NV
Assets
$2.1M
Grants
19
Total Given
$332K
NV Energy Charitable Foundation
RENO, NV
Assets
$29.8M
Grants
218
Total Given
$5.0M
Wm Keck Foundation
LOS ANGELES, CA
Assets
$1.7B
Grants
260
Total Given
$69.7M
More Funders in Oklahoma
Data last updated April 2026. Sourced from IRS Form 990-PF filings.