The Jay and Rose Phillips Family
The Jay and Rose Phillips Family Foundation of Minnesota is a private foundation based in Minneapolis, Minnesota. Established in 2011, the foundation represents the continuation of philanthropic work begun by Jay and Rose Phillips in 1944. The foundation invests in community development and social initiatives, with particular emphasis on supporting youth and economic opportunity in North Minneapolis.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$62.3M
-0.6% YoY
Annual Giving
$2.6M
+0.1% YoY
Grant Count
120
-1.6% YoY
Avg Grant Size
$21K
+1.8% YoY
Mission & Focus Areas
Mission: Giving to address the unmet human and social needs of individuals, families, and communities that have the least access to resources.
The foundation's current grantmaking strategy centers on supporting youth in North Minneapolis as they transition from high school to college and careers. Primary focus areas include:
- Youth Development: Supporting young people ages 14 to 24 with career-relevant learning, mentoring and coaching, and leadership development opportunities
- Education: Expanding access to high-quality childcare for working families and helping high school students transition to post-secondary options
- Employment: Helping low-income individuals advance toward stable, living-wage careers
- Housing: Helping low-income individuals access quality affordable housing
- Transit: Helping low-income individuals access affordable transportation
Grantmaking
Grant Range
s:** Typical awards range from $30,000 to $250,000.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds in Minnesota, with particular emphasis on North Minneapolis and the Twin Cities metropolitan region. Secondary funding regions include California and New York.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount |
|---|---|
| Total Assets | $62,285,666 |
| Total Giving (2024) | $2,573,487 |
| Total Revenue (2023) | $3,065,026 |
| Total Expenses (2023) | $4,599,015 |
| Total Assets (2023) | $62,635,549 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $62,285,666 | $62,635,549 | $64,360,055 |
| Revenue | $3,849,527 | $3,065,026 | $2,831,209 |
| Expenses | $4,179,922 | $4,599,015 | $4,712,767 |
| Qualifying Distributions | $3,603,851 | $3,973,223 | $4,531,803 |
| Net Investment Income | $3,270,848 | $2,378,077 | $2,745,391 |
| Distributable Amount | $2,575,454 | $2,656,483 | $2,802,981 |
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
201 grants across all recorded years
Open Grants
1 open opportunity from The Jay and Rose Phillips Family
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Patrick Troska – Principal Officer
- Dean Phillips – Trustee
- Jeanne Phillips – Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RT RYBAK | PRESIDENT | 2 | — |
| TYLER PHILLIPS | TREASURER | 2 | — |
| DEAN PHILLIPS | CO-CHAIR | 2 | — |
| JEANNE PHILLIPS | CO-CHAIR | 2 | — |
| HUTTON PHILLIPS | BOARD MEMBER | 2 | — |
Recent News & Activity
Recent developments and announcements
The foundation has announced a strategic shift in its grantmaking approach. While economic development has been an important part of its efforts historically, the foundation is entering a new phase with focus centered on young people in North Minneapolis. Recent grant announcements highlight the foundation's commitment to supporting nonprofits and schools that help young people shape their futures in high school and beyond.
New Grants Champion North Minneapolis Youth \u2013 The Jay & Rose Phillips\Contact Information
Website: www.phillipsfamilymn.org
Address: 800 IDS Center, 80 S 8th Street, Minneapolis, MN 55402
Phone: (612) 672-3878
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Clearway Minnesota (sm)
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—
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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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