Trustees of Phillips Academy
Trustees of Phillips Academy at a glance
In short: Trustees of Phillips Academy gave $512K across 2 grants in 2025 (avg $256K), mostly in Massachusetts. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $512,390
- +2.5% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $256,195
- +2.5% vs 2024
- Median grant
- $256,195
- Total assets
- $2,082,564,322
- +3.7% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Trustees of Phillips Academy funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Town of Andover ($489K). Together the top 2 received $512K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 5 grants of 10 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Trustees of Phillips Academy gives
- Giving held roughly steady from 2022 to 2025 (+7%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $443K (2019) to $512K (2025). In 2025 it made 2 grants totaling $512K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Town of Andover St Andover, MA | See Part IV | $488,630 |
| City of Methuen St Methuen, MA | See Part IV | $23,760 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,082,564,322 | $207,674,447 | $172,225,804 | $512,390 | 2 | $79,009,751 |
| 2024 | $2,008,258,462 | $207,899,000 | $161,869,538 | $500,063 | 2 | $91,600,966 |
| 2023 | $1,911,522,647 | $186,768,593 | $150,737,144 | $489,613 | 2 | $58,678,292 |
| 2022 | $1,868,875,809 | $241,100,696 | $142,673,387 | $480,717 | 2 | $119,658,266 |
| 2021 | $1,957,778,755 | $191,095,685 | $129,086,973 | $465,493 | 2 | $92,863,196 |
| 2020 | $1,634,666,152 | $233,355,240 | $131,672,513 | $449,956 | 2 | $112,710,739 |
| 2019 | $1,623,486,435 | $212,597,502 | $138,162,537 | $442,627 | 2 | $92,380,182 |
About Trustees of Phillips Academy
Based on IRS filings
Trustees of Phillips Academy is a public charity focused on Education, based in Andover, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.1B in total assets. In 2025, it awarded 2 grants totaling $512K. Net investment income was $79.0M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Trustees of Phillips Academy is led by Amy C. Falls, Trustee & President since 2021 (on filings since 2019); 12 of 36 officers listed in 2025 are compensated.
Officers on the 2025 filing
Amy C. Falls
Trustee & President
Trustee & Treasurer → Trustee & President, 2021
On filings since 2019
3 hrs/week
No compensation reported
Raynard S. Kington
Head of School & Trustee
On filings since 2021
60 hrs/week
$492K (2021) → $908K (2025)
David J. Corkins
Trustee
On filings since 2019
3 hrs/week
No compensation reported
Eric L. Zinterhofer
Trustee
On filings since 2019
3 hrs/week
No compensation reported
Gil Caffray
Trustee & Treasurer
Trustee → Trustee & Treasurer, 2021
On filings since 2019
3 hrs/week
No compensation reported
Tamara Elliott Rogers
Trustee
On filings since 2019
3 hrs/week
No compensation reported
Tristin Batchelder Mannion
Trustee
On filings since 2019
3 hrs/week
No compensation reported
Christoper S. Auguste
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Yichen Zhang
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Keith T. Flaherty
Trustee
On filings since 2021
3 hrs/week
No compensation reported
Anna Durham
Trustee
Alumni Trustee → Trustee, 2025
On filings since 2022
3 hrs/week
No compensation reported
Aisha Jorge Massengill
Alumni Trustee
On filings since 2023
3 hrs/week
No compensation reported
Allison E. Picott
Trustee
On filings since 2023
3 hrs/week
No compensation reported
Amy Christodoulo
Trustee
On filings since 2023
3 hrs/week
No compensation reported
Andrew J. Guff Jr.
Trustee
On filings since 2023
3 hrs/week
No compensation reported
Carlos Montemayor
Trustee
On filings since 2023
3 hrs/week
No compensation reported
Loyce Lashawndra Pace
Alumni Trustee
On filings since 2023
3 hrs/week
No compensation reported
Michael Schmertzler
Trustee
On filings since 2023
3 hrs/week
No compensation reported
Sanjiv Desai
Alumni Trustee
On filings since 2024
3 hrs/week
No compensation reported
Stacy Schiff
Trustee
On filings since 2024
3 hrs/week
No compensation reported
Henry Smyth
Trustee
New on the 2025 filing
3 hrs/week
No compensation reported
Kent Strong
Alumni Trustee
New on the 2025 filing
3 hrs/week
No compensation reported
Robert Barber
Alumni Trustee
New on the 2025 filing
3 hrs/week
No compensation reported
Stephen King
Trustee
New on the 2025 filing
3 hrs/week
No compensation reported
Uche Osuji
Alumni Trustee
New on the 2025 filing
3 hrs/week
No compensation reported
Amy Patel
Chief Medical Officer
Medical Director → Dean Health, Wellness & CMO, 2022
Dean Health, Wellness & CMO → Chief Medical Officer, 2024
On filings since 2019
55 hrs/week
$197K (2019) → $259K (2025)
Fernando R. Alonso
Assistant Head of School & CFO
Dean of Administrator & Finance → Assistant Head of School & CFO, 2020
On filings since 2019
55 hrs/week
$248K (2019) → $367K (2025)
James F. Ventre
Assistant Head of School Admission
Dean of Administrator & Finance Aid → Interim Head of School & Trustee, 2020
Interim Head of School & Trustee → Assistant Head of School Admission, 2021
On filings since 2019
55 hrs/week
$179K (2019) → $221K (2025)
Kirsten A. Glantz
Chief Investment Officer
Chief Invest. Officer → Chief Investment Officer, 2021
On filings since 2019
55 hrs/week
$673K (2019) → $1.1M (2025)
Thomas P. Lockerby
Secretary of the Academy
On filings since 2019
55 hrs/week
$372K (2019) → $543K (2025)
Jessica L. Herbster
General Counsel
On filings since 2020
55 hrs/week
$204K (2020) → $253K (2025)
Jeffrey C. Domina
Dean of Faculty
On filings since 2021
55 hrs/week
$156K (2021) → $130K (2025)
Xue Yang
Associate Director of Investments
Investment Associate → Associate Director of Investments, 2024
On filings since 2021
55 hrs/week
$239K (2021) → $372K (2025)
Andrew Jaffoni
Associate Director of Investments
Investment Analyst → Associate Director of Investments, 2023
On filings since 2022
55 hrs/week
$209K (2022) → $382K (2025)
Christian A. Reusche
Associate Director of Investments
On filings since 2023
55 hrs/week
$307K (2023) → $435K (2025)
Merrilee Mardon
Dep Hd of Sch & Int Dean Faculty
Deputy Head of School Academic → Dep Hd of Sch & Int Dean Faculty, 2025
On filings since 2024
55 hrs/week
$150K (2024) → $300K (2025)
Former officers (32)
- Former: J. Lawrence Muench (2019–2024) — Director of Facilities
- Former: Stefan L. Kaluzny (2019–2024) — Trustee
- Former: Christopher Jwb Leggett (2021–2024) — Alumni Trustee
- Former: William M. Tong (2021–2024) — Alumni Trustee
- Former: Jennifer Amstutz (2022–2024) — Alumni Trustee
- Former: Rajesh Mundra (2022–2024) — Interim Deputy Head of School
- Former: Gary Lee (2019–2023) — Trustee
- Former: Leonard E. Corey (2023) — Associate Comptroller
- Former: Chien Lee (2019–2022) — Trustee
- Former: Joseph Y. Bae (2019–2022) — Trustee
- Former: Karen L. Sallick (2019–2022) — Alumni Trustee
- Former: Linda Carter Griffith (2019–2022) — Associate Head of School
- Former: Patricia M. Doykos (2019–2022) — Alumni Trustee
- Former: Tammy Snyder Murphy (2019–2022) — Trustee
- Former: John G. Palfrey (2019–2021) — Former Head of School
- Former: Louis G. Elson (2019–2021) — Trustee
- Former: Robert J. Campbell (2019–2021) — Trustee
- Former: Stephen E. Matloff (2019–2021) — Alumni Trustee
- Former: Daniel A. Lasman (2020–2021) — Alumni Trustee
- Former: Nicole H. Cherubini (2021) — Director of Development
- Former: Andrea T. H. Nix (2019–2020) — Former CFO
- Former: Eric Redman (2019–2020) — Alumni Trustee
- Former: Judith F. Dolkart (2019–2020) — Director & Addison Gallery
- Former: Patrick J. Farrell (2019–2020) — Former Dean of Faculty
- Former: Peter L. S. Currie (2019–2020) — Trustee & President
- Former: Stefanie Scheer Young (2019–2020) — Alumni Trustee
- Former: Xiaohe Li (2020) — Investment Analyst
- Former: Alison S. Lord (2019) — Alumni Trustee
- Former: Joshua L. Steiner (2019) — Trustee
- Former: Michael Shay (2019) — Director of Investments
- Former: Patricia B. Davison (2019) — Director Academic Skills Ctr
- Former: Shelly D. Guyer (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $1.1M, to Kirsten a Glantz (Chief Investment Officer). 12 officers or directors reported compensation on that filing.
Frequently asked questions about Trustees of Phillips Academy
How much does Trustees of Phillips Academy give each year?
Trustees of Phillips Academy gave $512K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $500K across 2 grants.
How large is Trustees of Phillips Academy?
Trustees of Phillips Academy reported $2.1B in total assets on its 2025 IRS Form 990. Its revenue that year was $207.7M.
What is Trustees of Phillips Academy?
Trustees of Phillips Academy is a public charity focused on Education, based in Andover, MA. It holds $2.1B in total assets as of 2025.
Where does Trustees of Phillips Academy operate?
Trustees of Phillips Academy has awarded grants in Massachusetts.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 10, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS May 11, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
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