Samuel L Phillips Family Foundation

SPRUCE PINE, NC EIN: 56-2225556
Philanthropy, Voluntarism & Grantmaking

The Samuel L Phillips Family Foundation is a private independent foundation located in Spruce Pine, North Carolina. Established in 2000 and granted tax-exempt status in March 2002, the foundation operates as a 501(c)(3) organization dedicated to philanthropic grantmaking in North Carolina.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$10.4M

+1.6% YoY

Annual Giving

$640K

-0.2% YoY

Grant Count

17

+0.0% YoY

Avg Grant Size

$38K

-0.2% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's mission is to improve the quality of life for the people of Mitchell County, North Carolina, by supporting charitable organizations active in the area. While the primary geographic focus is Mitchell County, grants may extend to surrounding areas of western North Carolina upon special consideration.

The foundation supports organizations in the following program areas:

  • Arts, culture, and humanities
  • Education
  • Health
  • Human services

The foundation also provides giving for higher education and health care, particularly hospitals.

Grantmaking

The foundation typically does not fund:

Grant Range

$500 to $300,000

Review Cycle

June 30 for summer meeting

How to Apply

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Geographic Focus

Where this funder awards grants

The foundation prioritizes grants with measurable impact within Mitchell County, North Carolina. Upon special consideration, grants may be awarded to organizations in surrounding areas of western North Carolina.

Grant Distribution by State

6states

States

CaliforniaMinnesotaNorth CarolinaNew YorkPennsylvaniaSouth Carolina

Cities

AshevilleBakersvilleBooneBurnsvilleColumbiaCrossnoreDurhamGreenvilleLinvilleMorrisvilleNew YorkNewlandPhiladelphiaRancho Palos VerdesRochesterSpartanburgSpruce PineWinstonsalem

Financial History

Multi-year comparison from IRS filings

Current Financial Position (2024):

  • Total assets: $10,382,112
  • Total revenues: $964,763
  • Total expenses: $798,712
  • Total liabilities: $0

Recent Annual Giving:

  • 2024: $640,371 in total giving across 22 grants
  • 2023: $687,000 in total giving across 22 grants
  • 2022: $567,000 in total giving across 21 grants
  • 2021: $701,000 in total giving across 16 grants
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$265K$531K$796K$1M20202021202220232024
Metric202420232022
Total Assets$10,382,112$10,216,061$10,153,181
Revenue$964,763$521,516$312,767
Expenses$798,712$782,410$835,682
Qualifying Distributions$685,668$673,002$731,767
Net Investment Income$860,271$413,812$214,852
Distributable Amount$668,060$623,560$691,049

Giving Over Time

Total grant dollars and number of grants per year

$0$175K$350K$526K$701K16 grants202021 grants202122 grants202217 grants202317 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

YMCA OF AVERY COUNTY$250KMITCHELL COUNTY SCHOOLS$107KMAYLAND COMMUNITY COLLEG…$75KHIGH COUNTRY YOUTH BALLE…$45KMARYLAND EARLY COLLEGE H…$45KBULADEAN COMMUNITY CENTER$38KECU MEDICAL & HEALTH SCI…$25KPISGAH LEGAL SERVICES$25KGO GLOBAL INC$20KSPECIAL OLYMPICS$5K

Grant Size Distribution

93 grants across all recorded years

74<$50K9$50–100K5$100–250K5$250–500K$500K–1M$1–5M$5M+

Open Grants

1 open opportunity from Samuel L Phillips Family Foundation

Foundation

Samuel L. Phillips Family Foundation Grant

SAMUEL L PHILLIPS FAMILY FOUNDATION

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation's leadership includes:

  • Gina Phillips – President
  • Fred L Stout – Vice President
  • G Byron Phillips – Treasurer
  • Van Phillips – Secretary
  • Board Members: Brandee Cook, Lindsey Canipe, Jennifer P Dellinger, Keith S Holtsclaw, Drey Phillips, and Adrienne Snyder

Compensation Overview

From 2024 IRS filing

GINA PHILLIPSPRESIDENT$5KFRED L STOUTVICE PRESIDE$5KG BYRON PHILLIPSTREASURER$5KVAN PHILLIPSSECRETARY$5KKEITH S HOLTSCLAWBOARD MEMBER$5KDREY PHILLIPSBOARD MEMBER$5KBRANDEE COOKBOARD MEMBER$100LINDSEY CANIPEBOARD MEMBER$100JENNIFER P DELLINGERBOARD MEMBER$100ADRIENNE SNYDERBOARD MEMBER$100

From 2024 filing

NameTitleHoursCompensation
GINA PHILLIPSPRESIDENT—$5,000
FRED L STOUTVICE PRESIDE—$5,000
G BYRON PHILLIPSTREASURER—$5,000
VAN PHILLIPSSECRETARY9$5,000
BRANDEE COOKBOARD MEMBER—$100
LINDSEY CANIPEBOARD MEMBER2$100
JENNIFER P DELLINGERBOARD MEMBER2$100
KEITH S HOLTSCLAWBOARD MEMBER2$5,000
DREY PHILLIPSBOARD MEMBER2$5,000
ADRIENNE SNYDERBOARD MEMBER2$100

Contact Information

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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