Psalm 103 Foundation
Psalm 103 Foundation is a private foundation based in Honey Brook, Pennsylvania. Its 2024 filing reports grants to charitable organizations in areas including education, human services, research, and the arts.
Psalm 103 Foundation at a glance
In short: Psalm 103 Foundation gave $8.4M across 46 grants in 2024 (avg $183K), mostly in Pennsylvania. 26% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $8,399,435
- +50.2% vs 2023
- Grants made (2024)
- 46
- +0.0% vs 2023
- Average grant
- $182,596
- +50.2% vs 2023
- Median grant
- $71,000
- Total assets
- $128,281,367
- -1.4% vs 2023
- New grantees (estimate)
- 26% first-time grantees (11 of 42, 2024)
- Primary geography
- Pennsylvania (74% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Psalm 103 Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations.
- Contact
Mailing address: 150 Wyebrook Road, Honey Brook, PA 19344
Phone: (908) 963-3097
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Psalm 103 Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Eastern Univeristy ($3.1M across 2 grants). Together the top 10 received $6.6M.
Grant Size Distribution
217 grants across all recorded years
The most common grant size was under $50K: 85 grants of 217 (39%).
Geographic Focus
Where this funder awards grants
In 2024, 74% of grant dollars went to recipients in Pennsylvania and 12% to recipients in Rhode Island. Virginia received 4%, while Washington and Colorado each received 2%.
Grant Distribution by State
Share of 2024 grant dollars across all 46 itemized grants.
States
Cities
Is Psalm 103 Foundation open to new grantees?
26%
first-time grantees, 2024
In 2024, 11 of 42 grantees (26%) were first-time recipients. First grants averaged $96K; repeat grants $237K. How we count
Medians: $78K first-time, $67K repeat.
- 71% of 2024 grantees were also funded in 2023. Method
- Giving fell 30% from 2021 to 2024. Method
- In 2024 it paid out 127% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $5.6M (2023) to $12.1M (2021). In 2024 it made 46 grants totaling $8.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Eastern Univeristy St Davids, PA | Building | $2,750,000 |
| Vanguard Charitable Warwick, RI | DAF Contribution | $1,000,000 |
| Habitat for Humanity International Inc Philadelphia, PA | Coltrane Commons | $550,000 |
| Eastern Univeristy St Davids, PA | THC | $350,000 |
| Foreign Policy Research Institute Philadelphia, PA | General Fund and Templeton Fellows | $350,000 |
| The City School Philadelphia, PA | General Support | $350,000 |
| Philly House (FKA Sunday Breakfast Association of Philadelphia) Philadelphia, PA | Homecoming Building Community for Homeless Men | $250,000 |
| Prison Fellowship Ministries Lansdowne, VA | General Support | $250,000 |
| Upenn Philadelphia, PA | Neurosurgery Genomic Analysis Fund | $250,000 |
| Philadelphia Skating Club and Humane Society Ardmore, PA | Capital Campaign | $241,761 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $128,281,367 | $7,632,894 | $8,806,155 | $8,399,435 | 46 | $8,420,588 | $7,126,593 | $6,610,230 |
| 2023 | $130,129,246 | $4,817,470 | $5,810,709 | $5,592,019 | 46 | $5,592,019 | $4,214,331 | $6,069,244 |
| 2022 | $131,034,933 | $11,317,074 | $8,149,497 | $7,835,636 | 43 | $7,835,636 | $9,530,963 | $6,624,612 |
| 2021 | $127,867,356 | $27,511,030 | $12,466,313 | $12,079,396 | 40 | — | $11,013,543 | $6,748,537 |
| 2020 | $112,822,639 | $12,663,412 | $7,936,243 | $7,133,400 | 42 | — | $4,445,904 | $5,433,674 |
Under IRS private-foundation payout rules, Psalm 103 Foundation reported a distributable amount of $6.6M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for organizations working in varied fields. For example, The City School describes its mission as training students’ minds, discipling their hearts, and bringing light to the city. The an individual recipient Research Institute says it produces nonpartisan policy analysis on foreign policy and national security. Artwell Collaborative says it supports young people through arts education and creative reflection, while Williamson College of the Trades says it prepares young men to be leaders and productive members of society.
Other 2024 recipients describe work in criminal justice and prisoner support, humanitarian relief and community development, and music education. These are the grantees’ stated missions, not a stated mission of the foundation.
Grantmaking
In 2024, the foundation reported 46 grants totaling $8,399,435. Grant amounts ranged from $100 to $2,750,000, with a median grant of $71,000.
Among the largest reported grants were $2,750,000 to Eastern University for building; $1,000,000 to Vanguard Charitable as a donor-advised fund contribution; $550,000 to Habitat for Humanity International for Coltrane Commons; and $350,000 each to Eastern University, the an individual recipient Research Institute, and The City School. Other reported grants included $250,000 to Philly House for its Homecoming building community for homeless men, $250,000 to Prison Fellowship Ministries for general support, and $250,000 to UPenn for a neurosurgery genomic analysis fund.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Heather Templeton Dill as trustee and president, Jennifer Templeton Simpson as trustee and vice president, Jeff Dill as trustee and treasurer, and Scott Simpson as trustee and secretary.
Psalm 103 Foundation is led by Heather Templeton Dill, Trustee & President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Heather Templeton Dill
Trustee & President
On filings since 2020
1 hr/week
No compensation reported
Jeff Dill
Trustee & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Jennifer Templeton Simpson
Trustee & Vice President
On filings since 2020
1 hr/week
No compensation reported
Scott Simpson
Trustee & Secretary
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Josephine J. Templeton (2020) — Trustee & Secretary · Filing note: Thru 102519
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 Psalm 103 Foundation
How much does Psalm 103 Foundation give each year?
Psalm 103 Foundation gave $8.4M across 46 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5.6M across 46 grants.
What is Psalm 103 Foundation's typical grant size?
Psalm 103 Foundation's median grant in 2024 was $71,000, and its average grant was $182,596, across 46 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Psalm 103 Foundation that year got $96K on average.
Where does Psalm 103 Foundation give grants?
Psalm 103 Foundation gives mostly in Pennsylvania: 74% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Rhode Island (12%). The most frequent recipient cities were Philadelphia, PA (9 grants), Ardmore, PA (4 grants), St Davids, PA (3 grants) and Mechanicsburg, PA (2 grants).
Does Psalm 103 Foundation give general operating support?
Yes: 35% of Psalm 103 Foundation's 2024 grants with a stated purpose (16 of 46) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Capital Campaign" (4 grants).
Who are Psalm 103 Foundation's largest grantees?
Psalm 103 Foundation's largest 2024 grantees include Eastern Univeristy ($3,100,000 across 2 grants), Vanguard Charitable ($1,000,000) and Habitat for Humanity International Inc ($550,000), according to its 2024 IRS Form 990-PF. Together they received 55% of its itemized 2024 grant dollars.
How large is Psalm 103 Foundation?
Psalm 103 Foundation reported $128.3M in total assets on its 2024 IRS Form 990-PF. It paid out $8.4M in qualifying distributions that year, against a required minimum of $6.6M (roughly 5% of its investment assets).
What does Psalm 103 Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants show support for organizations working in varied fields. For example, The City School describes its mission as training students’ minds, discipling their hearts, and bringing light to the city. See mission & focus areas ↑
How do I apply for a grant from Psalm 103 Foundation?
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Psalm 103 Foundation's EIN?
Psalm 103 Foundation's EIN (Employer Identification Number) is 23-2500843. IRS Form 990 filing data is available on this page for 2020–2024.
Does Psalm 103 Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Psalm 103 Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/psalm-103-foundation-morg_45b5456bad25458c906cd902277ed2cf
BibTeX
@misc{grantable_232500843_2026,
author = {{Grantable}},
title = {{Psalm 103 Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/psalm-103-foundation-morg_45b5456bad25458c906cd902277ed2cf},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Psalm 103 Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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