Phillips Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDLOTHIAN, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 32 grants totaling $193K. Net investment income was $192K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.7M
+17.6% YoY
Annual Giving
$193K
+1.5% YoY
Grant Count
32
-3.0% YoY
Avg Grant Size
$6K
+4.6% YoY
Under IRS private-foundation payout rules, Phillips Family Foundation reported a distributable amount of $233K 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 MIDLOTHIAN, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 32 grants totaling $193K. Net investment income was $192K.
Focus Areas
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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 | $2,749,806 | $2,338,771 | $2,089,542 |
| Revenue | $637,917 | $467,303 | $253,019 |
| Expenses | $216,059 | $218,074 | $217,932 |
| Qualifying Distributions | $193,214 | $190,405 | $192,799 |
| Net Investment Income | $192,127 | $112,803 | $230,796 |
| Distributable Amount | $232,976 | $197,920 | $185,794 |
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
133 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Food for the Poor ($45,500), The Cookie Sale to Combat World Hunger ($25,000), Tunnel to Towers ($20,424).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN FARMLAND TRUST WASHINGTON, DC | COMMUNITY ASSISTANCE | $500 |
| APPALACHIAN TRAIL CONSERVANCY HARPERS FERRY, WV | ENVIRONMENTAL | $2,500 |
| BETHESDA MISSION OF HARRISBURG HARRISBURG, PA | COMMUNITY ASSISTANCE | $2,500 |
| CHESTERFIELD FOOD BANK OUTREACH CENTER CHESTER, VA | SOCIAL WELFARE | $10,000 |
| COMMONWEALTH CATHOLIC CHARITIES RICHMOND, VA | RELIGIOUS | $14,000 |
| CORAL RESTORATION FOUNDATION KEY LARGO, FL | ENVIRONMENTAL | $7,500 |
| CROSS CATHOLIC OUTREACH BOCA RATON, FL | RELIGIOUS | $3,000 |
| FAIRWINDS NANTUCKET, MA | SOCIAL WELFARE | $1,000 |
| FOOD FOR THE POOR COCONUT CREEK, FL | SOCIAL WELFARE | $45,500 |
| FRACTURED ATLAS NEW YORK, NY | FINE ARTS | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VIRGINIA A PHILLIPS | CO-TRUSTEE | 0.25 | — |
| PETER H PHILLIPS | CO-TRUSTEE | 0.25 | — |
| DAVID S PHILLIPS | CO-TRUSTEE | 0.25 | — |
| ELIZABETH A DAVIES | CO-TRUSTEE | 0.25 | — |
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 MIDLOTHIAN, VA. It holds $2.7M in total assets as of 2024.
How large is Phillips Family Foundation?
As of 2024, Phillips Family Foundation holds $2.7M in total assets with $638K in annual revenue. It awarded 32 grants totaling $193K in 2024.
Where does Phillips Family Foundation operate?
Phillips Family Foundation has awarded grants in California, District of Columbia, Florida, Georgia, Illinois, Massachusetts, Maryland, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Texas, Virginia, West Virginia.
What size grants does Phillips Family Foundation award?
In 2024, Phillips Family Foundation awarded 32 grants totaling $193K — an average of about $6K 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 $233K 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 25-6716692. 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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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