Phillipy Family Scholarship Fund

Private foundation · Grantmaker Towson, MD EIN: 31-6671524

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.

Key facts about Phillipy Family Scholarship Fund

In short: Phillipy Family Scholarship Fund gave $518K across 4 grants in 2024 (avg $129K), mostly in Maryland. Source: 2024 IRS Form 990-PF.

EIN
31-6671524
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$517,888
Grants made (2024)
4
Average grant
$129,472
Median grant
$12,100
Primary geography
Maryland (96% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

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.

How Phillipy Family Scholarship Fund gives

  • Giving grew 1659% from 2021 to 2024. Method
  • In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 4 itemized grants.

Cities

TowsonWestminsterAnnvilleCollege ParkBloomsburgPittsburgh

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K3 grants2020 3 grants2021 3 grants2022 3 grants2023 4 grants2024

From 2020 to 2024, annual grant giving ranged from $17K (2020) to $518K (2024). In 2024 it made 4 grants totaling $518K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grace Lutheran Church: $488KGrace Lutheran Church$488KLebanon Valley College: $12KLebanon Valley College$12KTowson University: $12KTowson University$12KCommonwealth University of Pennsylvania: $6KCommonwealth University ofPennsylvania$6K

The largest 2024 recipient was Grace Lutheran Church ($488K). Together the top 4 received $518K.

Grant Size Distribution

16 grants across all recorded years

15<$50K$50–100K$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 15 grants of 16 (94%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Grace Lutheran Church Westminster, MDChurch Worship$487,688
Lebanon Valley College Annville, PAScholarshipscholarship$12,200
Towson University Towson, MDScholarship$12,000
Commonwealth University of Pennsylvania Bloomsburg, PAScholarship$6,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2020 2021 2022 2023 2024
Metric202420232022
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Phillipy Family Scholarship Fund's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • John C. Baldwin

    Trustee

    On filings since 2020

    No compensation reported

  • Mark Fischer

    Trustee

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Phillipy Family Scholarship Fund

How much does Phillipy Family Scholarship Fund give each year?

Phillipy Family Scholarship Fund gave $518K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $32K across 3 grants.

What is Phillipy Family Scholarship Fund's typical grant size?

Phillipy Family Scholarship Fund's median grant in 2024 was $12,100, and its average grant was $129,472, across 4 grants on its 2024 IRS Form 990-PF.

Where does Phillipy Family Scholarship Fund give grants?

Phillipy Family Scholarship Fund gives mostly in Maryland: 96% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.

Does Phillipy Family Scholarship Fund give general operating support?

Not in 2024: none of the 4 grants with a stated purpose on Phillipy Family Scholarship Fund's 2024 IRS Form 990-PF were described as general or operating support.

What is Phillipy Family Scholarship Fund?

Phillipy Family Scholarship Fund is a private foundation focused on Education, based in Towson, MD.

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.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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