The Phillips Family Foundation
The Phillips Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COVINGTON, KY. IRS filing data is available from 2018 through 2023. As of 2023, the organization holds $4.6M in total assets. In 2023, it awarded 19 grants totaling $168K. Net investment income was $168K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$4.6M
+11.2% YoY
Annual Giving
$168K
-49.1% YoY
Grant Count
19
+18.8% YoY
Avg Grant Size
$9K
-57.1% YoY
Under IRS private-foundation payout rules, The Phillips Family Foundation reported a distributable amount of $216K for 2023 — the minimum it must pay out in qualifying distributions.
About The Phillips Family Foundation
Based on IRS filings
The Phillips Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COVINGTON, KY. IRS filing data is available from 2018 through 2023. As of 2023, the organization holds $4.6M in total assets. In 2023, it awarded 19 grants totaling $168K. Net investment income was $168K.
Focus Areas
Ready to take the next step with The Phillips Family Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $4,646,490 | $4,176,772 | $4,887,743 |
| Revenue | $274,363 | $341,626 | $424,161 |
| Expenses | $179,835 | $341,976 | $402,083 |
| Qualifying Distributions | $168,349 | $330,718 | $398,310 |
| Net Investment Income | $168,140 | $116,037 | $232,717 |
| Distributable Amount | $215,703 | $206,149 | $223,433 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2023
Grant Size Distribution
81 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Peace Fellowship ($35,000), St Marys Elementary School ($30,000), Fftc ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BUCKEYE COUNCIL BOYS SCOUT CANTON, OH | GENERAL | $7,265 |
| BUILDING BLOCKS FOR KIDS MASON, OH | GENERAL | $2,000 |
| CENTER STREET COMMUNITY HEALTH CENT MARION, OH | GENERAL | $5,000 |
| FFTC CHARLOTTE, NC | GENERAL | $15,000 |
| GIRLS SCOUT SHELBY, OH | GENERAL | $7,265 |
| GRAVITY OHIO MANSFIELD, OH | GENERAL | $5,000 |
| JUNIOR ACHIEVEMENT CINCINNATI, OH | GENERAL | $7,265 |
| LOVE ON A MISSION MANSFIELD, OH | GENERAL | $10,000 |
| NAPLES PRIDE NAPLES, FL | GENERAL | $10,000 |
| PEACE FELLOWSHIP GILMER, TX | GENERAL | $35,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANNETTE PHILLIPS | DIRECTOR | 2 | — |
| MONICA PHILLIPS | DIRECTOR | 2 | — |
| KIM LELAND | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Phillips Family Foundation?
The Phillips Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COVINGTON, KY. It holds $4.6M in total assets as of 2023.
How large is The Phillips Family Foundation?
As of 2023, The Phillips Family Foundation holds $4.6M in total assets with $274K in annual revenue. It awarded 19 grants totaling $168K in 2023.
Where does The Phillips Family Foundation operate?
The Phillips Family Foundation has awarded grants in California, District of Columbia, Florida, Georgia, Kentucky, North Carolina, Ohio, Texas.
What size grants does The Phillips Family Foundation award?
In 2023, The Phillips Family Foundation awarded 19 grants totaling $168K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Phillips Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Phillips Family Foundation reported a distributable amount of $216K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Phillips Family Foundation's EIN?
The Phillips Family Foundation's EIN (Employer Identification Number) is 31-1544453. IRS Form 990 filing data is available on this page for 2018–2023.
Explore Open Grants
Browse active grant opportunities in The Phillips Family Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Mildred H Dunning Memorial Fund Trust
LEXINGTON, KY
Assets
$4.3M
Grants
3
Total Given
$209K
Sam Swope Family Foundation Inc
PEWEE VALLEY, KY
Assets
$16.5M
Grants
13
Total Given
$1.2M
Julius Friedman Foundation Inc
PROSPECT, KY
Assets
$194K
Grants
1
Total Given
$10K
Pauline C Young Scholarship
LEXINGTON, KY
Assets
—
Grants
0
Total Given
—
Welcome House Inc
COVINGTON, KY
Assets
$15.7M
Grants
1
Total Given
$405K
Tw Hl & Ns Donovan Scholarship
LEXINGTON, KY
Assets
$673K
Grants
2
Total Given
$36K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Phillips Family Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Phillips Family Foundation to a real strategy.