The Phillips Foundation Inc
The Phillips Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORPUS CHRISTI, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 2 grants totaling $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
+5148.6% YoY
Annual Giving
$2K
+125.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$1K
+12.5% YoY
Under IRS private-foundation payout rules, The Phillips Foundation Inc reported a distributable amount of $66K for 2024 — the minimum it must pay out in qualifying distributions.
About The Phillips Foundation Inc
Based on IRS filings
The Phillips Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORPUS CHRISTI, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 2 grants totaling $2K.
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 | $1,241,024 | $23,645 | $383 |
| Revenue | $1,220,477 | $25,000 | $700 |
| Expenses | $12,990 | $1,738 | $776 |
| Qualifying Distributions | $3,074 | $1,000 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $66,179 | $1,125 | $23 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Quiet Time Ministries ($1,250), Voices of the World ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| VOICES OF THE WORLD QUEEN CREEK, AZ | MINISTRY | $1,000 |
| QUIET TIME MINISTRIES CORPUS CHRISTI, TX | MINISTRY | $1,250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAMELA LANDERS | DIR/PRESIDENT | — | — |
| JEREMY LANDERS | DIR/VP | — | — |
| CHRISTINA ELIZONDO | Treasurer | — | — |
| DIANA VELASCO | Secretary | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Phillips Foundation Inc?
The Phillips Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORPUS CHRISTI, TX. It holds $1.2M in total assets as of 2024.
How large is The Phillips Foundation Inc?
As of 2024, The Phillips Foundation Inc holds $1.2M in total assets with $1.2M in annual revenue. It awarded 2 grants totaling $2K in 2024.
Where does The Phillips Foundation Inc operate?
The Phillips Foundation Inc has awarded grants in Arizona, Oklahoma, Texas.
What size grants does The Phillips Foundation Inc award?
In 2024, The Phillips Foundation Inc awarded 2 grants totaling $2K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is The Phillips Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Phillips Foundation Inc reported a distributable amount of $66K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Phillips Foundation Inc's EIN?
The Phillips Foundation Inc's EIN (Employer Identification Number) is 74-2862037. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Phillips Foundation Inc'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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