Psalm 103 Foundation is a private family foundation established in 1987 and based in Honey Brook, Pennsylvania. The foundation operates as an independent 501(c)(3) organization with a board of trustees serving without compensation.
Key facts about Psalm 103 Foundation
- EIN
- 23-2500843
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $8,399,435
- Grants made (2024)
- 46
- Average grant
- $182,596
- Median grant
- $71,000
- Total assets
- $128,281,367
- Primary geography
- Pennsylvania (74% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026.
Who Psalm 103 Foundation funds
By grant dollars, the top recipient states for Psalm 103 Foundation's 46 itemized 2024 grants were Pennsylvania (74%) and 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). 35% of grants with a stated purpose were for general or operating support. Recurring purposes include "Capital Campaign" (4 grants).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$128.3M
-1.4% YoY
Annual Giving
$8.4M
+50.2% YoY
Grant Count
46
+0.0% YoY
Avg Grant Size
$183K
+50.2% YoY
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.
Mission & Focus Areas
The foundation gives primarily for Christian school education. Its broader funding priorities include:
- Education (particularly elementary and secondary education)
- Health (diseases and conditions)
- Religion (Christianity)
- Philanthropy, voluntarism, and grantmaking
- Human services
The foundation supports projects across various cities and states throughout the United States, with particular activity in Pennsylvania, Florida, Virginia, California, and Texas.
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation funds initiatives across multiple states including California, Colorado, Florida, Georgia, Illinois, Michigan, Missouri, New Hampshire, New York, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia, and Washington.
Grant Distribution by State
Share of all 46 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $131.4 million
- Annual Revenue: Approximately $1.95 million
- Annual Expenses: Approximately $691,494
- EIN: 23-2500843
The foundation's assets rank it in the top 1% of nonprofits nationally and in Pennsylvania by financial capacity.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $128,281,367 | $130,129,246 | $131,034,933 |
| Revenue | $7,632,894 | $4,817,470 | $11,317,074 |
| Expenses | $8,806,155 | $5,810,709 | $8,149,497 |
| Qualifying Distributions | $8,420,588 | $5,592,019 | $7,835,636 |
| Net Investment Income | $7,126,593 | $4,214,331 | $9,530,963 |
| Distributable Amount | $6,610,230 | $6,069,244 | $6,624,612 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
217 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Eastern Univeristy ($3,100,000 across 2 grants), Vanguard Charitable ($1,000,000), Habitat for Humanity International Inc ($550,000).
| 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 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by a board of trustees:
- Heather Templeton Dill (President)
- Jennifer Templeton Simpson (Vice President)
- Jeff Dill (Treasurer)
- Scott Simpson (Secretary)
The foundation is supported by Josephine Templeton.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HEATHER TEMPLETON DILL | TRUSTEE, PRESIDENT | 1 | — |
| JENNIFER TEMPLETON SIMPSON | TRUSTEE, VP | 1 | — |
| JEFF DILL | TRUSTEE, TREASURER | 1 | — |
| SCOTT SIMPSON | TRUSTEE, SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Psalm 103 Foundation fund?
The foundation gives primarily for Christian school education. Its broader funding priorities include: • Education (particularly elementary and secondary education) • Health (diseases and conditions) • Religion (Christianity) • Philanthropy, voluntarism, and grantmaking • Human services The foundation supports projects across various cities and states throughout the United States, with particular activity in Pennsylvania, Florida, Virginia, California, and Texas.
How do I apply for a grant from Psalm 103 Foundation?
**Grant Amounts:** Typical awards range from $100 to $2,750,000. **Recent Grant Activity:** The foundation made 42 grants in its most recent reporting year. Notable recent grants include: • The Children's Hospital of Philadelphia Foundation: $300,000 (Behavioral Health Programs) • Trustees of the University of Pennsylvania Retiree Medical and Death Benefits Trust: $250,000 (Neurosurgery Genomic Analysis Fund) • ArtWell: $100,000 (General Fund) • Delaware County Christian School Foundation (reci…
Where does Psalm 103 Foundation make grants?
The foundation funds initiatives across multiple states including California, Colorado, Florida, Georgia, Illinois, Michigan, Missouri, New Hampshire, New York, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia, and Washington.
What size grants does Psalm 103 Foundation award?
In 2024, Psalm 103 Foundation awarded 46 grants totaling $8.4M — an average of about $183K per grant, based on its IRS Form 990 filings.
How much is Psalm 103 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Psalm 103 Foundation reported a distributable amount of $6.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Psalm 103 Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.