Phillips Foundation
Phillips Foundation is a private foundation, based in Greer, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 8 grants totaling $31K. Net investment income was $206K.
Key facts about Phillips Foundation
- EIN
- 57-6115760
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $30,878
- Grants made (2024)
- 8
- Average grant
- $3,860
- Median grant
- $5,000
- Total assets
- $4,128,545
- Primary geography
- South Carolina (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Phillips Foundation funds
By grant dollars, the top recipient states for Phillips Foundation's 8 itemized 2024 grants were South Carolina (100%). The most frequent recipient cities were Greer, SC (3 grants) and Greenville, SC (2 grants). None of its 8 grants with a stated purpose were described as general or operating support.
How Phillips Foundation gives
- Giving held roughly steady from 2021 to 2024 (−9%). Method
- In 2024 it paid out 60% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Phillips Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.1M
+2.3% YoY
Annual Giving
$31K
+208.8% YoY
Grant Count
8
+300.0% YoY
Avg Grant Size
$4K
-22.8% YoY
Under IRS private-foundation payout rules, Phillips Foundation reported a distributable amount of $186K for 2024 — the minimum it must pay out in qualifying distributions.
About Phillips Foundation
Based on IRS filings
Phillips Foundation is a private foundation, based in Greer, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 8 grants totaling $31K. Net investment income was $206K.
Ready to take the next step with Phillips Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 8 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,128,545 | $4,034,446 | $3,943,061 |
| Revenue | $205,797 | $174,220 | $134,721 |
| Expenses | $111,698 | $82,835 | $88,285 |
| Qualifying Distributions | $111,698 | $82,835 | $88,285 |
| Net Investment Income | $205,797 | $174,220 | $134,721 |
| Distributable Amount | $185,933 | $175,542 | $180,707 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Ashley River Baptist Church ($5,000), Meyer Center ($5,000), Greer First Baptist Church ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASHLEY RIVER BAPTIST CHURCH Charleston, SC | BUILDING FUND | $5,000 |
| MEYER CENTER Greenville, SC | EDUCATION | $5,000 |
| GREER FIRST BAPTIST CHURCH Greer, SC | LOTTIE MOON | $5,000 |
| LOW COUNTRY YOUTHY SERVICES North Charleston, SC | DISADVANTAGED YOUTH SERVICES. | $5,000 |
| THE NAOMI PROJECT Florence, SC | DOMESTIC ABUSE SUPPORT. | $5,000 |
| DAILY BREAD MINISTRIES Greer, SC | SOUP KITCHEN | $2,000 |
| GREER RELIEF Greer, SC | COMMUNITY ASSISTANCE | $2,000 |
| SAFE HARBOR Greenville, SC | DOMESTIC ABUSE SUPPORT. | $1,878 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2020 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Elizabeth G McKown | Trustee | 5 | — |
| Matthew Gibson | Trustee | 5 | — |
Frequently Asked Questions
How large is Phillips Foundation?
As of 2024, Phillips Foundation holds $4.1M in total assets with $206K in annual revenue. It awarded 8 grants totaling $31K in 2024.
Where does Phillips Foundation operate?
Phillips Foundation has awarded grants in South Carolina.
What size grants does Phillips Foundation award?
In 2024, Phillips Foundation awarded 8 grants totaling $31K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Phillips Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Phillips Foundation reported a distributable amount of $186K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Phillips Foundation's EIN?
Phillips Foundation's EIN (Employer Identification Number) is 57-6115760. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.