The Columbus Phipps Foundation
The Columbus Phipps Foundation is a private foundation established in 1994 and designated as a 501(c)(3) tax-exempt organization. The foundation is located in Clintwood, Virginia, and maintains operations focused on educational grantmaking.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$18.3M
+2.6% YoY
Annual Giving
$1.1M
+12.4% YoY
Grant Count
63
-10.0% YoY
Avg Grant Size
$17K
+24.9% YoY
Grantmaking
The foundation made 66 grants in its most recent fiscal year (ending March 2024). Recent grants include:
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Fiscal Year Ending March 2024:
| Metric | Amount |
|---|---|
| Total Assets | $17,856,799 |
| Total Revenues | $2,013,733 |
| Total Expenses | $1,274,011 |
| Investment Income & Dividends | $503,059 |
| Total Liabilities | $0 |
The foundation operates with no paid staff. Investment income represents a significant revenue source, with a 34.5% increase in investment income and dividends compared to the prior fiscal year.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $18,322,899 | $17,856,799 | $17,052,409 |
| Revenue | $1,728,618 | $2,013,733 | $1,248,304 |
| Expenses | $1,335,427 | $1,274,011 | $1,457,188 |
| Qualifying Distributions | $1,170,019 | $1,076,955 | $1,225,790 |
| Net Investment Income | $1,582,592 | $1,848,214 | $1,033,439 |
| Distributable Amount | $1,081,890 | $1,206,059 | $1,199,038 |
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 2025
Grant Size Distribution
250 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
- Paul D Buchanan — Director (volunteer position, $0 compensation)
- Dr. Jewell Askins — Trustee
- Michael A Strough — Trustee
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL D BUCHANAN | TRUSTEE/DIRECTOR | 20 | — |
| DR JEWELL ASKINS | TRUSTEE | — | — |
| MR MICHAEL A STROUGH | TRUSTEE | — | — |
| MR JERRY ARTRIP | TRUSTEE | — | — |
| MR CLARENCE PHILLIPS | TRUSTEE | — | — |
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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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