The Philipp Family Foundation Inc
The Philipp Family Foundation Inc is a private foundation, based in Gloucester, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $398K in total assets. Net investment income was $195.
The Philipp Family Foundation Inc at a glance
- Total assets
- $398,037
- +0.0% vs 2024
- Revenue (2025)
- $195
- -89.5% vs 2024
- Net investment income (2025)
- $195
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Philipp Family Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How The Philipp Family Foundation Inc gives
- Giving fell 96% from 2021 to 2024. Method
- In 2024 it paid out 470% of its IRS minimum distribution (the 5% rule). 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 2024, annual grant giving ranged from $3K (2024) to $370K (2020). In 2024 it made 1 grant totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Go Concious Earth Durham, NC | General Support | $2,500 |
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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 | $398,037 | $195 | — | — | — | — | $195 | $419 |
| 2024 | $397,842 | $1,859 | $4,500 | $2,500 | 1 | $2,500 | — | $532 |
| 2023 | $400,483 | $1 | $-25 | — | — | — | $26 | $566 |
| 2022 | $400,457 | $2,804 | $19,555 | $16,555 | 3 | $16,755 | — | $3,008 |
| 2021 | $417,208 | $28,416 | $89,815 | $70,220 | 6 | $70,465 | $7,767 | $29,835 |
| 2020 | $492,251 | $-26,328 | $406,303 | $370,000 | 8 | — | — | $30,255 |
Under IRS private-foundation payout rules, The Philipp Family Foundation Inc reported a distributable amount of $419 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Philipp Family Foundation Inc is led by Michael G. Philipp, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael G. Philipp
President
On filings since 2020
1 hr/week
No compensation reported
Cheryl E. Philipp
Vice President
On filings since 2020
1 hr/week
No compensation reported
Kyle E. Philipp
Vice President
On filings since 2020
1 hr/week
No compensation reported
Trent E. Philipp
Vice President
On filings since 2020
1 hr/week
No compensation reported
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 Philipp Family Foundation Inc
How large is The Philipp Family Foundation Inc?
The Philipp Family Foundation Inc reported $398K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $195.
Where does The Philipp Family Foundation Inc operate?
The Philipp Family Foundation Inc has awarded grants in District of Columbia, Illinois, Kansas, North Carolina, New Mexico, New York, Virginia, Vermont.
How much is The Philipp Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Philipp Family Foundation Inc reported a distributable amount of $419 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Philipp Family Foundation Inc's EIN?
The Philipp Family Foundation Inc's EIN (Employer Identification Number) is 27-2914930. 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 11, 2026)
- IRS filings on file for fiscal years 2020–2024
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