The Phi Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHILADELPHIA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $873K in total assets. In 2024, it awarded 7 grants totaling $86K. Net investment income was $24K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$873K
-6.6% YoY
Annual Giving
$86K
+90.6% YoY
Grant Count
7
+75.0% YoY
Avg Grant Size
$12K
+8.9% YoY
Under IRS private-foundation payout rules, The Phi Foundation reported a distributable amount of $58K for 2024 — the minimum it must pay out in qualifying distributions.
About The Phi Foundation
Based on IRS filings
The Phi Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHILADELPHIA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $873K in total assets. In 2024, it awarded 7 grants totaling $86K. Net investment income was $24K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $872,581 | $933,958 | $976,084 |
| Revenue | $28,850 | $22,037 | $13,159 |
| Expenses | $90,227 | $60,865 | $35,571 |
| Qualifying Distributions | $85,750 | $45,000 | $30,000 |
| Net Investment Income | $24,373 | $7,501 | $11,170 |
| Distributable Amount | $58,427 | $52,144 | $49,487 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mount Saint Joseph Academy ($60,000), Ancillae-assumpta Academy ($10,000), Montgomery Child Advocacy Project ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ANCILLAE-ASSUMPTA ACADEMY WYNCOTE, PA | CHARITABLE CONTRIBUTION | $10,000 |
| MOUNT SAINT JOSEPH ACADEMY FLOURTOWN, PA | CHARITABLE CONTRIBUTION | $60,000 |
| HOLY GHOST PREPARATORY SCHOOL BENSALEM, PA | CHARITABLE CONTRIBUTION | $1,500 |
| MCC THEATER NEW YORK, NY | CHARITABLE CONTRIBUTION | $3,000 |
| MONTGOMERY CHILD ADVOCACY PROJECT NORRISTOWN, PA | CHARITABLE CONTRIBUTION | $5,000 |
| VISITATION BVM SCHOOL TROOPER, PA | CHARITABLE CONTRIBUTION | $3,000 |
| ADAGP CHARITABLE FOUNDATION NORRISTOWN, PA | CHARITABLE CONTRIBUTION | $3,250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL G MORRISSEY | PRESIDENT/ DIRECTOR | 2 | — |
| PAUL DIIORIO | DIRECTOR | 2 | — |
| TIRENEY KELLY | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Phi Foundation?
The Phi Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHILADELPHIA, PA. It holds $873K in total assets as of 2024.
How large is The Phi Foundation?
As of 2024, The Phi Foundation holds $873K in total assets with $29K in annual revenue. It awarded 7 grants totaling $86K in 2024.
Where does The Phi Foundation operate?
The Phi Foundation has awarded grants in Michigan, New Jersey, New York, Pennsylvania.
What size grants does The Phi Foundation award?
In 2024, The Phi Foundation awarded 7 grants totaling $86K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is The Phi Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Phi Foundation reported a distributable amount of $58K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Phi Foundation's EIN?
The Phi Foundation's EIN (Employer Identification Number) is 84-2866344. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Phi Foundation'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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