Phillips Family Foundation Trust
Phillips Family Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENOBSCOT, ME. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 8 grants totaling $162K. Net investment income was $104K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-5.8% YoY
Annual Giving
$162K
+130.7% YoY
Grant Count
8
+33.3% YoY
Avg Grant Size
$20K
+73.0% YoY
About Phillips Family Foundation Trust
Based on IRS filings
Phillips Family Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENOBSCOT, ME. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 8 grants totaling $162K. Net investment income was $104K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,066,505 | $1,132,212 | $1,223,710 |
| Revenue | $132,658 | $12,269 | $52,650 |
| Expenses | $198,365 | $103,767 | $175,565 |
| Qualifying Distributions | $169,260 | $77,927 | $148,611 |
| Net Investment Income | $103,553 | $13,080 | $25,696 |
| Distributable Amount | $114,584 | $100,356 | $102,749 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANNA JULIA JOHNSON PHILLIPS | TRUSTEE | 0.5 | $3,500 |
| PAUL CHRISTOPHER PHILLIPS | TRUSTEE | 0.5 | $3,500 |
| RICHARD S HUDGINS | ADVISOR | 0.25 | — |
| WATSON LYMAN PHILLIPS | ADVISOR | 0.25 | — |
| ALIDA VERNON PHILLIPS | ADVISOR | 0.25 | — |
| JOHN WG PHILLIPS | ADVISOR | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Assets
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Total Given
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Total Given
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Bowery Beach School Bldg Maintenance Tr
SOUTH PORTLAND, ME
Assets
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Grants
0
Total Given
—
United Way of Tri Vally Area
FARMINGTON, ME
Assets
$306K
Grants
13
Total Given
$77K
Elmina B Sewall Foundation
FREEPORT, ME
Assets
$164.8M
Grants
296
Total Given
$14.4M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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