SEE SCHEDULE O
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0B
+5.1% YoY
Annual Giving
$500K
+2.1% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$250K
+2.1% YoY
About Trustees of Phillips Academy
Based on IRS filings
Trustees of Phillips Academy is a nonprofit organization focused on Education, based in ANDOVER, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0B in total assets. In 2024, it awarded 2 grants totaling $500K. Net investment income was $91.6M.
Focus Areas
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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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,008,258,462 | $1,911,522,647 | $1,868,875,809 |
| Revenue | $207,899,000 | $186,768,593 | $241,100,696 |
| Expenses | $161,869,538 | $150,737,144 | $142,673,387 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $91,600,966 | $58,678,292 | $119,658,266 |
| Distributable Amount | — | — | — |
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
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Town of Andover ($475,783), City of Methuen ($24,280).
| Recipient | Purpose | Amount |
|---|---|---|
| TOWN OF ANDOVER ST ANDOVER, MA | SEE PART IV | $475,783 |
| CITY OF METHUEN ST METHUEN, MA | SEE PART IV | $24,280 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KIRSTEN A GLANTZ | CHIEF INVESTMENT OFFICER | 55 | $1,012,670 |
| RAYNARD S KINGTON | HEAD OF SCHOOL / TRUSTEE | 60 | $706,365 |
| THOMAS P LOCKERBY | SECRETARY OF THE ACADEMY | 55 | $452,096 |
| FERNANDO R ALONSO | ASST HEAD OF SCHOOL/CFO | 55 | $335,078 |
| CHRISTIAN A REUSCHE | ASSOC DIRECTOR OF INVESTMENTS | 55 | $383,283 |
| XUE YANG | ASSOC DIRECTOR OF INVESTMENTS | 55 | $357,836 |
| ANDREW JAFFONI | ASSOC DIRECTOR OF INVESTMENTS | 55 | $354,976 |
| AMY PATEL | CHIEF MEDICAL OFFICER | 55 | $254,173 |
| JEFFREY C DOMINA | DEAN OF FACULTY | 55 | $172,168 |
| JAMES F VENTRE | ASST HEAD OF SCHOOL ADMISSION | 55 | $209,689 |
| JESSICA L HERBSTER | GENERAL COUNSEL | 55 | $244,474 |
| MERRILEE MARDON | DEPUTY HEAD OF SCHOOL ACADEMIC | 55 | $150,017 |
| J LAWRENCE MUENCH | DIRECTOR OF FACILITIES | 55 | $203,766 |
| RAJESH MUNDRA | INTERIM DEPUTY HEAD OF SCHOOL | 55 | $125,717 |
| CHRISTOPER S AUGUSTE | TRUSTEE | 3 | — |
| GIL CAFFRAY | TRUSTEE/TREASURER | 3 | — |
| AMY CHRISTODOULO | TRUSTEE | 3 | — |
| DAVID J CORKINS | TRUSTEE | 3 | — |
| AMY C FALLS | TRUSTEE/PRESIDENT | 3 | — |
| KEITH T FLAHERTY | TRUSTEE | 3 | — |
| ANDREW J GUFF JR | TRUSTEE | 3 | — |
| STEFAN L KALUZNY | TRUSTEE | 3 | — |
| TRISTIN BATCHELDER MANNION | TRUSTEE | 3 | — |
| CARLOS MONTEMAYOR | TRUSTEE | 3 | — |
| ALLISON E PICOTT | TRUSTEE | 3 | — |
| TAMARA ELLIOTT ROGERS | TRUSTEE | 3 | — |
| STACY SCHIFF | TRUSTEE | 3 | — |
| MICHAEL SCHMERTZLER | TRUSTEE | 3 | — |
| YICHEN ZHANG | TRUSTEE | 3 | — |
| ERIC L ZINTERHOFER | TRUSTEE | 3 | — |
| JENNIFER AMSTUTZ | ALUMNI TRUSTEE | 3 | — |
| SANJIV DESAI | ALUMNI TRUSTEE | 3 | — |
| CHRISTOPHER JWB LEGGETT | ALUMNI TRUSTEE | 3 | — |
| AISHA JORGE MASSENGILL | ALUMNI TRUSTEE | 3 | — |
| LOYCE LASHAWNDRA PACE | ALUMNI TRUSTEE | 3 | — |
| WILLIAM M TONG | ALUMNI TRUSTEE | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Trustees of Phillips Academy?
Trustees of Phillips Academy is a nonprofit organization focused on Education, based in ANDOVER, MA. It holds $2.0B in total assets as of 2024.
How large is Trustees of Phillips Academy?
As of 2024, Trustees of Phillips Academy holds $2.0B in total assets with $207.9M in annual revenue. It awarded 2 grants totaling $500K in 2024.
Where does Trustees of Phillips Academy operate?
Trustees of Phillips Academy has awarded grants in Massachusetts.
What size grants does Trustees of Phillips Academy award?
In 2024, Trustees of Phillips Academy awarded 2 grants totaling $500K — an average of about $250K per grant, based on its IRS Form 990 filings.
What is Trustees of Phillips Academy's EIN?
Trustees of Phillips Academy's EIN (Employer Identification Number) is 04-2103579. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Trustees of Phillips Academy'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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