Skeet Phillips and Louise Phillips Trust Co

OKLAHOMA CITY, OK EIN: 73-1291173

Skeet Phillips and Louise Phillips Trust Co is a private foundation, based in OKLAHOMA CITY, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $343K in total assets. In 2024, it awarded 2 grants totaling $20K. Net investment income was $17K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$343K

-1.3% YoY

Annual Giving

$20K

-1.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$10K

-1.6% YoY

Under IRS private-foundation payout rules, Skeet Phillips and Louise Phillips Trust Co reported a distributable amount of $22K for 2024 — the minimum it must pay out in qualifying distributions.

About Skeet Phillips and Louise Phillips Trust Co

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Oklahoma $97K (100%)

States

Oklahoma

Cities

Norman

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$343,323	$347,892	$347,619
Revenue	$20,104	$23,961	$18,656
Expenses	$25,066	$23,231	$26,332
Qualifying Distributions	$21,553	$20,609	$23,003
Net Investment Income	$16,590	$21,339	$15,327
Distributable Amount	$21,802	$19,914	$20,560

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Bethel Baptist Church of Norman ($9,758), First Baptist Church of Norman ($9,758).

Recipient	Purpose	Amount
BETHEL BAPTIST CHURCH OF NORMAN NORMAN, OK	NONRESTRICTED	$9,758
FIRST BAPTIST CHURCH OF NORMAN NORMAN, OK	NONRESTRICTED	$9,758

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
TRUST COMPANY OF OKLAHOMA	TRUSTEE	1	$3,346

Frequently Asked Questions

How large is Skeet Phillips and Louise Phillips Trust Co?

As of 2024, Skeet Phillips and Louise Phillips Trust Co holds $343K in total assets with $20K in annual revenue. It awarded 2 grants totaling $20K in 2024.

Where does Skeet Phillips and Louise Phillips Trust Co operate?

Skeet Phillips and Louise Phillips Trust Co has awarded grants in Oklahoma.

What size grants does Skeet Phillips and Louise Phillips Trust Co award?

In 2024, Skeet Phillips and Louise Phillips Trust Co awarded 2 grants totaling $20K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is Skeet Phillips and Louise Phillips Trust Co required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Skeet Phillips and Louise Phillips Trust Co reported a distributable amount of $22K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Skeet Phillips and Louise Phillips Trust Co's EIN?

Skeet Phillips and Louise Phillips Trust Co's EIN (Employer Identification Number) is 73-1291173. IRS Form 990 filing data is available on this page for 2020–2024.