Phillipy Family Scholarship Fund is a private foundation focused on Education, based in TOWSON, MD. IRS filing data is available from 2020 through 2024. In 2024, it awarded 4 grants totaling $518K. Net investment income was $40K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$518K
+1501.2% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$129K
+1100.9% YoY
Under IRS private-foundation payout rules, Phillipy Family Scholarship Fund reported a distributable amount of $488 for 2024 — the minimum it must pay out in qualifying distributions.
About Phillipy Family Scholarship Fund
Based on IRS filings
Phillipy Family Scholarship Fund is a private foundation focused on Education, based in TOWSON, MD. IRS filing data is available from 2020 through 2024. In 2024, it awarded 4 grants totaling $518K. Net investment income was $40K.
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 | — | $497,300 | $505,956 |
| Revenue | $39,639 | $6,425 | $-634 |
| Expenses | $521,759 | $37,222 | $50,219 |
| Qualifying Distributions | $517,888 | $32,344 | $44,760 |
| Net Investment Income | $39,639 | $6,359 | $803 |
| Distributable Amount | $488 | $1,990 | $1,311 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Grace Lutheran Church ($487,688), Lebanon Valley College ($12,200), Towson University ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LEBANON VALLEY COLLEGE ANNVILLE, PA | SCHOLARSHIPSCHOLARSHIP | $12,200 |
| COMMONWEALTH UNIVERSITY OF PENNSYLVANIA BLOOMSBURG, PA | SCHOLARSHIP | $6,000 |
| TOWSON UNIVERSITY TOWSON, MD | SCHOLARSHIP | $12,000 |
| GRACE LUTHERAN CHURCH WESTMINSTER, MD | CHURCH WORSHIP | $487,688 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN C BALDWIN | TRUSTEE | — | — |
| MARK FISCHER | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Phillipy Family Scholarship Fund?
Phillipy Family Scholarship Fund is a private foundation focused on Education, based in TOWSON, MD. It holds — in total assets as of 2024.
Where does Phillipy Family Scholarship Fund operate?
Phillipy Family Scholarship Fund has awarded grants in Maryland, Pennsylvania.
What size grants does Phillipy Family Scholarship Fund award?
In 2024, Phillipy Family Scholarship Fund awarded 4 grants totaling $518K — an average of about $129K per grant, based on its IRS Form 990 filings.
How much is Phillipy Family Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Phillipy Family Scholarship Fund reported a distributable amount of $488 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Phillipy Family Scholarship Fund's EIN?
Phillipy Family Scholarship Fund's EIN (Employer Identification Number) is 31-6671524. 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.
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