The Phi Foundation
The Phi Foundation is a private foundation based in Philadelphia, Pennsylvania. Its 2025 filing reports 10 charitable contributions totaling $47,918 to recipients in Pennsylvania, New York, California, and Delaware.
The Phi Foundation at a glance
In short: The Phi Foundation gave $48K across 10 grants in 2025 (avg $5K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $47,918
- -44.1% vs 2024
- Grants made (2025)
- 10
- +42.9% vs 2024
- Average grant
- $4,792
- -60.9% vs 2024
- Median grant
- $2,000
- Total assets
- $965,332
- +10.6% vs 2024
- Primary geography
- Pennsylvania (83% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to The Phi Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 1808 Spruce Street Unit 1, Philadelphia, PA 19103
Phone: (610) 640-5800
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Phi Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Mount Saint Joseph Academy ($30K). Together the top 9 received $48K.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 26 grants of 27 (96%).
Geographic Focus
Where this funder awards grants
In 2025, 83% of grant dollars went to recipients in Pennsylvania, 9% to New York, 5% to California, and 2% to Delaware.
Grant Distribution by State
Share of 2025 grant dollars across all 10 itemized grants.
Cities
How The Phi Foundation gives
- Giving grew 60% from 2022 to 2025. Method
- In 2025 it paid out 83% 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 $30K (2022) to $86K (2024). In 2025 it made 10 grants totaling $48K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mount Saint Joseph Academy Flourtown, PA | Charitable Contribution | $30,000 |
| La Salle Academy Philadelphia, PA | Charitable Contribution | $5,000 |
| MCC Theater New York, NY | Charitable Contribution | $3,000 |
| Founding Forward Valley Forge, PA | Charitable Contribution | $3,000 |
| Joseph Milberg Los Angeles, CA | Charitable Contribution | $2,500 |
| MCC Theater New York, NY | Charitable Contribution | $1,500 |
| American Online Giving Foundation Inc Newark, DE | Charitable Contribution | $1,000 |
| Holy Ghost Prepatory School Bensalem, PA | Charitable Contribution | $1,000 |
| Ballet X Philadelphia, PA | Charitable Contribution | $518 |
| Mazzoni Center Philadelphia, PA | Charitable Contribution | $400 |
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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 | $965,332 | $181,575 | $88,824 | $47,918 | 10 | $47,918 | $140,669 | $57,419 |
| 2024 | $872,581 | $28,850 | $90,227 | $85,750 | 7 | $85,750 | $24,373 | $58,427 |
| 2023 | $933,958 | $22,037 | $60,865 | $45,000 | 4 | $45,000 | $7,501 | $52,144 |
| 2022 | $976,084 | $13,159 | $35,571 | $30,000 | 2 | $30,000 | $11,170 | $49,487 |
| 2021 | $998,496 | $21,290 | $80,956 | $75,000 | 4 | $75,000 | $16,558 | $55,009 |
| 2020 | $1,058,162 | $15,308 | $52,330 | $45,000 | 2 | — | $10,116 | $49,681 |
Under IRS private-foundation payout rules, The Phi Foundation reported a distributable amount of $57K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants include support for a range of charitable recipients. La Salle Academy describes its mission as serving economically, academically, and socially at-risk children in grades three through eight. Mazzoni Center describes its mission as providing comprehensive health and wellness services in an LGBTQ-focused environment.
Grantmaking
In 2025, the foundation gave 10 grants totaling $47,918. Grant amounts ranged from $400 to $30,000, with a median grant of $2,000. Notable recipients included Mount Saint Joseph Academy ($30,000), La Salle Academy ($5,000), MCC Theater ($3,000 and $1,500), and Founding Forward ($3,000). The listed grants were designated as charitable contributions.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Paul G Morrissey as president and director, and Paul Diiorio and Tireney Kelly as directors.
The Phi Foundation is led by Paul G. Morrissey, President & Director on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Paul G. Morrissey
President & Director
On filings since 2020
2 hrs/week
No compensation reported
Paul Diiorio
Director
On filings since 2020
2 hrs/week
No compensation reported
Tireney Kelly
Director
On filings since 2023
2 hrs/week
No compensation reported
Former officers (1)
- Former: Tierney Kelly (2020–2022) — Director
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.
Frequently asked questions about The Phi Foundation
How much does The Phi Foundation give each year?
The Phi Foundation gave $48K across 10 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $86K across 7 grants.
What is The Phi Foundation's typical grant size?
The Phi Foundation's median grant in 2025 was $2,000, and its average grant was $4,792, across 10 grants on its 2025 IRS Form 990-PF.
Where does The Phi Foundation give grants?
The Phi Foundation gives mostly in Pennsylvania: 83% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (9%) and California (5%). The most frequent recipient cities were Philadelphia, PA (3 grants) and New York, NY (2 grants).
Who are The Phi Foundation's largest grantees?
The Phi Foundation's largest 2025 grantees include Mount Saint Joseph Academy ($30,000), La Salle Academy ($5,000) and MCC Theater ($4,500 across 2 grants), according to its 2025 IRS Form 990-PF. Together they received 82% of its itemized 2025 grant dollars.
How large is The Phi Foundation?
The Phi Foundation reported $965K in total assets on its 2025 IRS Form 990-PF. It paid out $48K in qualifying distributions that year, against a required minimum of $57K (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.
What does The Phi Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants include support for a range of charitable recipients. La Salle Academy describes its mission as serving economically, academically, and socially at-risk children in grades three through eight. See mission & focus areas ↑
How do I apply for a grant from The Phi Foundation?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Does The Phi Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 30, 2023)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 7, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
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Figures come from The Phi Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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