The Phelps Foundation Trust
The Phelps Foundation Trust is a private foundation, based in Pennington, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 1 grant totaling $46K. Net investment income was $267K.
Key facts about The Phelps Foundation Trust
- EIN
- 59-6974405
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $45,505
- Grants made (2024)
- 1
- Average grant
- $45,505
- Median grant
- $45,505
- Total assets
- $1,134,878
- Primary geography
- Florida (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How The Phelps Foundation Trust gives
- Giving held roughly steady from 2021 to 2024 (+15%). Method
- In 2024 it paid out 98% 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.
Next steps with The Phelps Foundation Trust
- How to evaluate The Phelps Foundation Trust as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+22.3% YoY
Annual Giving
$46K
+1.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$46K
+1.9% YoY
Under IRS private-foundation payout rules, The Phelps Foundation Trust reported a distributable amount of $61K for 2024 — the minimum it must pay out in qualifying distributions.
About The Phelps Foundation Trust
Based on IRS filings
The Phelps Foundation Trust is a private foundation, based in Pennington, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 1 grant totaling $46K. Net investment income was $267K.
Ready to take the next step with The Phelps Foundation Trust?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,134,878 | $928,096 | $953,976 |
| Revenue | $277,725 | $39,453 | $107,205 |
| Expenses | $69,052 | $65,380 | $70,520 |
| Qualifying Distributions | $59,432 | $56,082 | $59,768 |
| Net Investment Income | $267,278 | $30,959 | $98,937 |
| Distributable Amount | $60,748 | $56,917 | $56,508 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include University of Florida ($45,505).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF FLORIDA Gainesville, FL | GENERAL OPERATING | $45,505 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Bank of America N a | Trustee | 2 | $23,211 |
Frequently Asked Questions
How large is The Phelps Foundation Trust?
As of 2024, The Phelps Foundation Trust holds $1.1M in total assets with $278K in annual revenue. It awarded 1 grant totaling $46K in 2024.
Where does The Phelps Foundation Trust operate?
The Phelps Foundation Trust has awarded grants in Florida.
What size grants does The Phelps Foundation Trust award?
In 2024, The Phelps Foundation Trust awarded 1 grant totaling $46K — an average of about $46K per grant, based on its IRS Form 990 filings.
How much is The Phelps Foundation Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Phelps Foundation Trust reported a distributable amount of $61K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Phelps Foundation Trust's EIN?
The Phelps Foundation Trust's EIN (Employer Identification Number) is 59-6974405. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.