The Margaret Virginia Philip is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $307K in total assets. In 2024, it awarded 9 grants totaling $22K. Net investment income was $14K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$307K
-2.5% YoY
Annual Giving
$22K
Grant Count
9
Avg Grant Size
$2K
Under IRS private-foundation payout rules, The Margaret Virginia Philip reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
About The Margaret Virginia Philip
Based on IRS filings
The Margaret Virginia Philip is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $307K in total assets. In 2024, it awarded 9 grants totaling $22K. Net investment income was $14K.
Focus Areas
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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
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $307,387 | $315,381 | $306,663 |
| Revenue | $15,418 | $9,718 | $-15,452 |
| Expenses | $23,412 | $1,000 | $23,092 |
| Qualifying Distributions | $21,892 | — | $22,197 |
| Net Investment Income | $13,898 | $8,718 | $78 |
| Distributable Amount | $14,916 | $13,706 | $14,401 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Atlanta Humane Society ($10,000), Agnes Scott College ($5,006), Historic Oakland Foundation ($3,334).
| Recipient | Purpose | Amount |
|---|---|---|
| AGNES SCOTT COLLEGE DECATUR, GA | NOT SPECIFIED | $5,006 |
| HIGH MUSEUM OF ART ATLANTA, GA | NOT SPECIFIED | $1,084 |
| HISTORIC OAKLAND FOUNDATION ATLANTA, GA | NOT SPECIFIED | $3,334 |
| THEATRICAL OUTFIT ATLANTA, GA | NOT SPECIFIED | $834 |
| ZOO ATLANTA ATLANTA, GA | NOT SPECIFIED | $834 |
| LIFELINE ANIMAL PROJECT ATLANTA, GA | NOT SPECIFIED | $500 |
| ATLANTA HUMANE SOCIETY ATLANTA, GA | NOT SPECIFIED | $10,000 |
| WABE ATLANTA, GA | NOT SPECIFIED | $150 |
| GPB ATLANTA, GA | NOT SPECIFIED | $150 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARGARET VIRGINIA PHILIP | CEO/TRS | 1 | — |
| BENJAMIN CATES CLARK JR | TRUSTEE | 1 | — |
| ELLEN PHILIP BROWN | SECRETARY | 1 | — |
| JOHN C SAWYER | ASST.SEC/TRS | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Margaret Virginia Philip?
The Margaret Virginia Philip is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTA, GA. It holds $307K in total assets as of 2024.
How large is The Margaret Virginia Philip?
As of 2024, The Margaret Virginia Philip holds $307K in total assets with $15K in annual revenue. It awarded 9 grants totaling $22K in 2024.
Where does The Margaret Virginia Philip operate?
The Margaret Virginia Philip has awarded grants in Georgia.
What size grants does The Margaret Virginia Philip award?
In 2024, The Margaret Virginia Philip awarded 9 grants totaling $22K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Margaret Virginia Philip required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Margaret Virginia Philip reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Margaret Virginia Philip's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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