The Phase Foundation
The Phase Foundation is a private foundation based in Germantown, Maryland, established in 1989. It operates as a 501(c)(3) tax-exempt organization with a focus on grantmaking in education, philanthropy, voluntarism, and human services.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.7M
+1.7% YoY
Annual Giving
$300K
+8.7% YoY
Grant Count
31
+0.0% YoY
Avg Grant Size
$10K
+8.7% YoY
Mission & Focus Areas
The foundation's primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
Ready to take the next step with The Phase Foundation?
Geographic Focus
Where this funder awards grants
The Phase Foundation primarily funds organizations in:
- Maryland
- Virginia
- District of Columbia
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $3,687,471
Total Giving: $300,000
Revenue (2023): $239,091
Expenses (2023): $364,990
Total Assets (2023): $3,620,000
Total Liabilities (2023): $278,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,687,471 | $3,624,344 | $3,747,436 |
| Revenue | $429,892 | $239,091 | $155,578 |
| Expenses | $390,137 | $364,990 | $348,755 |
| Qualifying Distributions | $370,621 | $345,342 | $329,007 |
| Net Investment Income | $410,377 | $219,443 | $135,830 |
| Distributable Amount | $196,497 | $187,308 | $198,903 |
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
205 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CATHERINE L HEKIMIAN | TRUSTEE | 16 | $26,863 |
| JOAN E HEKIMIAN | TRUSTEE | — | — |
| CHRISTOPHER HEKIMIAN | TRUSTEE | — | — |
| ALLISON H SITAR | TRUSTEE | — | — |
| A MARK KENCHTEL | TRUSTEE | — | — |
Related Funders
Similar funders by location and focus area
Rotary Club of Columbia Patuxent
COLUMBIA, MD
Assets
$376K
Grants
1
Total Given
$12K
American Federation for Children Growth
COLUMBIA, MD
Assets
$9.4M
Grants
11
Total Given
$2.4M
Mayfield Scholastic Ltd
BALTIMORE, MD
Assets
—
Grants
1
Total Given
$38K
Baltimore Curriculum Project Inc
BALTIMORE, MD
Assets
$17.3M
Grants
6
Total Given
$2.7M
Government Employees' Benefit
HANOVER, MD
Assets
$3K
Grants
43
Total Given
$108K
Charles F and Margaret Mh Obrecht
BALTIMORE, MD
Assets
$1.2M
Grants
79
Total Given
$131K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Phase Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities