Phillips Foundation

Organization Overview

Phillips Foundation is located in Columbus, MS. The organization was established in 1944. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phillips Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Phillips Foundation generated $571.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $231.6k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Phillips Foundation has awarded 24 individual grants totaling $1,313,298. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEDICAL SERVICES, PHARMACEUTICAL AND SUSTENANCE FOR INDIGENT INDIVIDUALS WHO ARE RESIDENTS OF LOWNDES COUNTY, MS


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $9
Dividends & Interest $114,870
Net Rental Income$0
Net Gain on Sale of Assets $456,158
Capital Gain Net Income $456,158
Net ST Capital Gain $11,887
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $571,037

Grants Awarded

Over the last fiscal year, Phillips Foundation has awarded $173,972 in support to 3 organizations.

Grant RecipientAmount

VARIOUS INDIGENT INDIVIDUALS

PURPOSE: DRUGS, MEALS, MEDICAL SUPPLIES

$158,572

MEALS ON WHEELS PROGRAM

PURPOSE: MEALS ON WHEELS - VALLEY INNOVATIVE SERVICES

$10,400

YMCA - DIABETESPARKINSONS PROGRAM

PURPOSE: DIABETES FUND RAISER - YMCA

$5,000
View Grant Profile

Peer Organizations

Organization NameAssets
Trousdale Foundation Inc
Cleveland, TN
$76,137,385
Rob And Melani Walton Foundation
Bentonviille, AR
$120,568,910
Wend Ii Inc
Bentonville, AR
$207,303,582
Maclellan Foundation Inc
Chattanooga, TN
$34,552,415
Town Branch Foundation
Bentonville, AR
$39,195,874
The Frist Foundation
Nashville, TN
$36,312,656
Zoma Foundation
Bentonville, AR
$19,208,599
Penner Family Foundation
Bentonville, AR
$15,983,833
J R Hyde Iii Foundation
Memphis, TN
$26,306,779
First Horizon Foundation
Memphis, TN
$11,265,846
The William B Wiener Jr Foundation
Shreveport, LA
$3,677,470
Bashinsky Foundation Inc
Birmingham, AL
$3,568,518

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