The Barbara W and Philip R Derrow
The Barbara W and Philip R Derrow is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW ALBANY, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 5 grants totaling $299K. Net investment income was $111K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.3M
+1.7% YoY
Annual Giving
$299K
+113.8% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$60K
+71.1% YoY
Under IRS private-foundation payout rules, The Barbara W and Philip R Derrow reported a distributable amount of $163K for 2024 — the minimum it must pay out in qualifying distributions.
About The Barbara W and Philip R Derrow
Based on IRS filings
The Barbara W and Philip R Derrow is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW ALBANY, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 5 grants totaling $299K. Net investment income was $111K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,299,245 | $3,245,026 | $3,028,154 |
| Revenue | $121,071 | $83,478 | $653,317 |
| Expenses | $317,347 | $152,672 | $171,646 |
| Qualifying Distributions | $299,346 | $141,230 | $156,597 |
| Net Investment Income | $110,514 | $72,886 | $635,793 |
| Distributable Amount | $162,560 | $151,965 | $152,408 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New Albany Community Foundation ($150,000), Ohio State University Foundation ($80,000), Columbus Metropolitan Library ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COLUMBUS METROPOLITAN LIBRARY COLUMBUS, OH | OPERATIONS | $30,000 |
| FLYING HORSE FARMS MT GILEAD, OH | OPERATIONS | $10,000 |
| NEW ALBANY COMMUNITY FOUNDATION NEW ALBANY, OH | OPERATIONS | $150,000 |
| NEW ALBANY-PLAIN LOCAL SCHOOLS NEW ALBANY, OH | OPERATIONS | $29,346 |
| OHIO STATE UNIVERSITY FOUNDATION COLUMBUS, OH | OPERATIONS | $80,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BARBARA W DERROW | PRESIDENT, SECRETARY | 1 | — |
| PHILIP R DERROW | CHAIRMAN, TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Barbara W and Philip R Derrow?
The Barbara W and Philip R Derrow is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW ALBANY, OH. It holds $3.3M in total assets as of 2024.
How large is The Barbara W and Philip R Derrow?
As of 2024, The Barbara W and Philip R Derrow holds $3.3M in total assets with $121K in annual revenue. It awarded 5 grants totaling $299K in 2024.
Where does The Barbara W and Philip R Derrow operate?
The Barbara W and Philip R Derrow has awarded grants in District of Columbia, Florida, New Jersey, Ohio.
What size grants does The Barbara W and Philip R Derrow award?
In 2024, The Barbara W and Philip R Derrow awarded 5 grants totaling $299K — an average of about $60K per grant, based on its IRS Form 990 filings.
How much is The Barbara W and Philip R Derrow required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Barbara W and Philip R Derrow reported a distributable amount of $163K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Barbara W and Philip R Derrow's EIN?
The Barbara W and Philip R Derrow's EIN (Employer Identification Number) is 46-4175578. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.