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.
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.
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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 | $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 |
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 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 |
| DAILY BREAD MINISTRIES GREER, SC | SOUP KITCHEN | $2,000 |
| GREER FIRST BAPTIST CHURCH GREER, SC | LOTTIE MOON | $5,000 |
| GREER RELIEF GREER, SC | COMMUNITY ASSISTANCE | $2,000 |
| LOW COUNTRY YOUTHY SERVICES NORTH CHARLESTON, SC | DISADVANTAGED YOUTH SERVICES. | $5,000 |
| THE NAOMI PROJECT FLORENCE, SC | DOMESTIC ABUSE SUPPORT. | $5,000 |
| SAFE HARBOR GREENVILLE, SC | DOMESTIC ABUSE SUPPORT. | $1,878 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in Phillips 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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