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Trustees of Phillips Academy

Public charity · Grantmaker Andover, MA EIN: 04-2103579 Website

Key facts about Trustees of Phillips Academy

In short: Trustees of Phillips Academy gave $512K across 2 grants in 2025 (avg $256K), mostly in Massachusetts. Source: 2025 IRS Form 990.

EIN
04-2103579
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$512,390
Grants made (2025)
2
Average grant
$256,195
Median grant
$256,195
Total assets
$2,082,564,322
Primary geography
Massachusetts (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$2.1B

+3.7% YoY

Annual Giving

$512K

+2.5% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$256K

+2.5% YoY

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.

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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 2 itemized 2025 grant dollars.

Cities

AndoverMethuenSt AndoverSt Methuen

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K2 grants20192 grants20202 grants20212 grants20222 grants20232 grants20242 grants2025

From 2019 to 2025, annual grant giving ranged from $443K (2019) to $512K (2025). In 2025 it made 2 grants totaling $512K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Town of Andover: $489KTown of Andover$489KCity of Methuen: $24KCity of Methuen$24K

The largest 2025 recipient was Town of Andover ($489K). Together the top 2 received $512K.

Grant Size Distribution

10 grants across all recorded years

5<$50K$50–100K$100–250K5$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 5 grants of 10 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Town of Andover St Andover, MASee Part IV$488,630
City of Methuen St Methuen, MASee Part IV$23,760

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$100M$200M$300M2019202020212022202320242025
Metric202520242023
Total Assets$2,082,564,322$2,008,258,462$1,911,522,647
Revenue$207,674,447$207,899,000$186,768,593
Expenses$172,225,804$161,869,538$150,737,144
Net Investment Income$79,009,751$91,600,966$58,678,292

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS May 11, 2020)
  2. Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
  3. IRS filings on file for fiscal years 2020–2024

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

Kirsten a Glantz — Chief Investment Officer: $1.1MKirsten a GlantzChief Investment Officer$1.1MRaynard S Kington — Head of School / Trustee: $908KRaynard S KingtonHead of School / Trustee$908KThomas P Lockerby — Secretary of the Academy: $543KThomas P LockerbySecretary of the Academy$543KChristian a Reusche — Assoc Director of Investments: $435KChristian a ReuscheAssoc Director of Investments$435KAndrew Jaffoni — Assoc Director of Investments: $382KAndrew JaffoniAssoc Director of Investments$382KXue Yang — Assoc Director of Investments: $372KXue YangAssoc Director of Investments$372KFernando R Alonso — Asst Head of School/CFO: $367KFernando R AlonsoAsst Head of School/CFO$367KMerrilee Mardon — Dep HD of Sch/Int Dean Faculty: $300KMerrilee MardonDep HD of Sch/Int Dean Faculty$300KAmy Patel — Chief Medical Officer: $259KAmy PatelChief Medical Officer$259KJessica L Herbster — General Counsel: $253KJessica L HerbsterGeneral Counsel$253KJames F Ventre — Asst Head of School Admission: $221KJames F VentreAsst Head of School Admission$221KJeffrey C Domina — Dean of Faculty: $130KJeffrey C DominaDean of Faculty$130K

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.

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