Psalm 103 Foundation
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.
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
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
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
No grants recorded for .
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 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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