The Margaret Virginia Philip
The Margaret Virginia Philip is a private foundation, based in Atlanta, GA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $315K in total assets. In 2025, it awarded 3 grants totaling $4K. Net investment income was $12K.
The Margaret Virginia Philip at a glance
In short: The Margaret Virginia Philip gave $4K across 3 grants in 2025 (avg $1K), mostly in Georgia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,554
- -83.8% vs 2024
- Grants made (2025)
- 3
- -66.7% vs 2024
- Average grant
- $1,185
- -51.3% vs 2024
- Median grant
- $120
- Total assets
- $315,408
- +2.6% vs 2024
- Primary geography
- Georgia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Margaret Virginia Philip funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Historic Oakland Foundation ($3K). Together the top 3 received $4K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How The Margaret Virginia Philip gives
- Giving fell 84% from 2022 to 2025. Method
- In 2025 it paid out 23% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $4K (2025) to $22K (2022). In 2025 it made 3 grants totaling $4K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Historic Oakland Foundation Atlanta, GA | Not Specified | $3,334 |
| GPB Atlanta, GA | Not Specified | $120 |
| Adopt a Golden Atlanta Atlanta, GA | Not Specified | $100 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $315,408 | $13,497 | $5,476 | $3,554 | 3 | $3,554 | $11,897 | $15,394 |
| 2024 | $307,387 | $15,418 | $23,412 | $21,892 | 9 | $21,892 | $13,898 | $14,916 |
| 2023 | $315,381 | $9,718 | $1,000 | — | — | — | $8,718 | $13,706 |
| 2022 | $306,663 | $-15,452 | $23,092 | $22,197 | 8 | $22,197 | $78 | $14,401 |
| 2021 | $344,978 | $32,650 | $815 | — | — | — | $31,835 | $15,466 |
| 2020 | $313,143 | $-3,468 | $14,666 | $13,891 | 9 | — | — | $11,121 |
| 2019 | $331,277 | $5,895 | $755 | — | — | — | $5,140 | $12,625 |
Under IRS private-foundation payout rules, The Margaret Virginia Philip reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Margaret Virginia Philip is led by Margaret Virginia Philip, CEO & Trs since 2024 (on filings since 2019); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Margaret Virginia Philip
CEO & Trs
Chmn.sec & Trs → CEO & Trs, 2024
On filings since 2019
1 hr/week
No compensation reported
Benjamin Cates Clark Jr.
Trustee
On filings since 2019
1 hr/week
No compensation reported
Ellen Philip Brown
Secretary
Trustee → Secretary, 2024
On filings since 2019
1 hr/week
No compensation reported
John C. Sawyer
Asst.sec & Trs
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Margaret Virginia Philip
How much does The Margaret Virginia Philip give each year?
The Margaret Virginia Philip gave $4K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $22K across 9 grants.
What is The Margaret Virginia Philip's typical grant size?
The Margaret Virginia Philip's median grant in 2025 was $120, and its average grant was $1,185, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Margaret Virginia Philip give grants?
The Margaret Virginia Philip gives mostly in Georgia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Atlanta, GA (3 grants).
Does The Margaret Virginia Philip give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on The Margaret Virginia Philip's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Not Specified" (3 grants).
How large is The Margaret Virginia Philip?
The Margaret Virginia Philip reported $315K in total assets on its 2025 IRS Form 990-PF. It paid out $4K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Margaret Virginia Philip's EIN?
The Margaret Virginia Philip's EIN (Employer Identification Number) is 58-2313893. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 25, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 1, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 17, 2024)
Live grants for the work The Margaret Virginia Philip funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Hancock Whitney Opportunity Grant (Hancock Whitney Community Reinvestment Act Program) Up to US $25,000 · Due October 30, 2026
- Boettcher Foundation Colorado Grantmaking: Rural Catalyst Grants US $1,000 - US $10,000 · Due October 30, 2026
- Boston Foundation: Safety Net Grants US $50,000 · Due October 30, 2026
Explore Open Grants
Browse active grant opportunities in The Margaret Virginia Philip's focus areas in our free grants database
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