Thomas T Phillips Jr Foundation Inc
Thomas T Phillips Jr Foundation Inc is a private foundation, based in JACKSONVILLE, FL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $508K in total assets. In 2025, it awarded 25 grants totaling $31K. Net investment income was $45K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$508K
+1.7% YoY
Annual Giving
$31K
+0.0% YoY
Grant Count
25
+4.2% YoY
Avg Grant Size
$1K
-4.0% YoY
Under IRS private-foundation payout rules, Thomas T Phillips Jr Foundation Inc reported a distributable amount of $42K for 2025 — the minimum it must pay out in qualifying distributions.
About Thomas T Phillips Jr Foundation Inc
Based on IRS filings
Thomas T Phillips Jr Foundation Inc is a private foundation, based in JACKSONVILLE, FL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $508K in total assets. In 2025, it awarded 25 grants totaling $31K. Net investment income was $45K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $507,524 | $498,882 | $517,206 |
| Revenue | $46,966 | $20,000 | $16,941 |
| Expenses | $38,324 | $38,324 | $37,913 |
| Qualifying Distributions | $36,444 | $36,444 | $36,136 |
| Net Investment Income | $45,086 | $18,120 | $15,164 |
| Distributable Amount | $41,853 | $37,753 | $33,380 |
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 2025
Grant Size Distribution
123 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Baptist Health Foundation ($3,500), Jacksonville Symphony Orchestra ($3,500), Mayo Clinic ($3,500).
| Recipient | Purpose | Amount |
|---|---|---|
| AGAINST MALARIA FOUNDATION US KANSAS CITY, MO | GENERAL SUPPORT OF PUBLIC HEALTH PROGRAM | $500 |
| BAPTIST HEALTH FOUNDATION JACKSONVILLE, FL | GENERAL SUPPORT OF PUBLIC HEALTH PROGRAM | $3,500 |
| BREAD OF THE MIGHTY FOOD BANK GAINESVILLE, FL | PROVIDE NUTRITIOUS FOOD, HOPE AND ENCOURAGEMENT TO THOSE THAT ARE FOOD INSECURE IN THE COMMUNITY | $1,000 |
| CARBON180 WASHINGTON, DC | SUPPORT THE EFFORTS TO REALIZE A CARBON-REMOVING WORLD | $1,250 |
| CITY RESCUE MISSION JACKSONVILLE, FL | GENERAL SUPPORT OF HOMELESS SHELTER | $500 |
| CIVIC ORCHESTRA OF JACKSONVILLE JACKSONVILLE, FL | GENERAL SUPPORT OF ORCHESTRA | $500 |
| CONGREGATION B'NAI ISRAEL GAINESVILLE, FL | GENERAL SUPPORT OF RELIGIOUS INSTITUTION | $1,000 |
| CUMMER MUSEUM OF ART & GARDENS JACKSONVILLE, FL | GENERAL SUPPORT OF ART MUSEUM | $500 |
| DOUGLAS ANDERSON SCHOOL JACKSONVILLE, FL | SUPPORT EDUCATION OF THE ARTS | $1,000 |
| FIRST PRESBYTERIAN CHURCH JACKSONVILLE, FL | GENERAL SUPPORT OF CHURCH | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK J SHORSTEIN | PRESIDENT/DIRECTOR | 1 | — |
| LESLIE SUSKIN | DIRECTOR | — | — |
| SAMUEL R SHORSTEIN | SECRETARY/TREASURER/DIRECTOR | — | — |
| CHRISTIE A HEAVENER | DIRECTOR | — | — |
| BENJAMIN SHORSTEIN | ASST SECRETARY/ASST TREASURER/DIRECTOR | — | — |
Frequently Asked Questions
How large is Thomas T Phillips Jr Foundation Inc?
As of 2025, Thomas T Phillips Jr Foundation Inc holds $508K in total assets with $47K in annual revenue. It awarded 25 grants totaling $31K in 2025.
Where does Thomas T Phillips Jr Foundation Inc operate?
Thomas T Phillips Jr Foundation Inc has awarded grants in California, Connecticut, District of Columbia, Florida, Georgia, Missouri, New York, Pennsylvania, Rhode Island, Tennessee.
What size grants does Thomas T Phillips Jr Foundation Inc award?
In 2025, Thomas T Phillips Jr Foundation Inc awarded 25 grants totaling $31K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Thomas T Phillips Jr Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Thomas T Phillips Jr Foundation Inc reported a distributable amount of $42K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Thomas T Phillips Jr Foundation Inc's EIN?
Thomas T Phillips Jr Foundation Inc's EIN (Employer Identification Number) is 59-2748614. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Thomas T Phillips Jr 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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