The Phelps Foundation Trust
The Phelps Foundation Trust is a private foundation, based in Pennington, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 1 grant totaling $47K. Net investment income was $141K.
The Phelps Foundation Trust at a glance
In short: The Phelps Foundation Trust gave $47K across 1 grant in 2025 (avg $47K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $46,821
- +2.9% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $46,821
- +2.9% vs 2024
- Median grant
- $46,821
- Total assets
- $1,214,258
- +7.0% vs 2024
- Primary geography
- Florida (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 Phelps Foundation Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of Florida Foundation ($47K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The Phelps Foundation Trust gives
- Giving held roughly steady from 2022 to 2025 (−2%). Method
- In 2025 it paid out 82% 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 $38K (2020) to $48K (2022). In 2025 it made 1 grant totaling $47K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Florida Foundation Gainesville, FL | Unrestricted General | $46,821 |
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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 | $1,214,258 | $154,146 | $75,583 | $46,821 | 1 | $55,268 | $140,829 | $67,375 |
| 2024 | $1,134,878 | $277,725 | $69,052 | $45,505 | 1 | $59,432 | $267,278 | $60,748 |
| 2023 | $928,096 | $39,453 | $65,380 | $44,670 | 1 | $56,082 | $30,959 | $56,917 |
| 2022 | $953,976 | $107,205 | $70,520 | $47,930 | 1 | $59,768 | $98,937 | $56,508 |
| 2021 | $917,396 | $143,922 | $63,032 | $39,620 | 1 | $52,226 | $135,166 | $60,536 |
| 2020 | $836,668 | $99,914 | $55,999 | $38,075 | 1 | — | $91,581 | $49,841 |
Under IRS private-foundation payout rules, The Phelps Foundation Trust reported a distributable amount of $67K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Phelps Foundation Trust's only listed officer is Bank Of America N A, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Bank Of America N A
Trustee
On filings since 2020
2 hrs/week
$17K (2020) → $21K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $21K, to Bank of America N a (Trustee).
Frequently asked questions about The Phelps Foundation Trust
How much does The Phelps Foundation Trust give each year?
The Phelps Foundation Trust gave $47K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $46K across 1 grant.
How large is The Phelps Foundation Trust?
The Phelps Foundation Trust reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $55K in qualifying distributions that year, against a required minimum of $67K (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.
Where does The Phelps Foundation Trust operate?
The Phelps Foundation Trust has awarded grants in Florida.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
- IRS filings on file for fiscal years 2020–2024
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