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Also known as: FOUNDATION OF MINNESOTA
Jay And Rose Phillips Family Foundation Of Minnesota is a private corporation based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 2011. The principal officer is % Patrick Troska. It holds total assets of $62.3M. Annual income is reported at $8.6M. THE FOUNDATION FORMED THE 927 BUILDING, LLC TO RENOVATE A COMMERCIAL BUILDING LOCATED AT 927 WEST BROADWAY IN NORTH MINNEAPOLIS (THE "LLC"). FOLLOWING ARE THE GOALS FOR THE LLC THE LLC THAT GUIDE THE LLC'S PROJECT DEVELOPMENT:A. ACHIEVING COMMUNITY AND ECONOMIC DEVELOPMENT THAT LEAD TO LOCAL OWNERSHIP.B. PURPOSEFULLY INVESTING IN THE NORTH MINNEAPOLIS COMMUNITY THROUGH A CATLYTIC REDEVELOPMENT OF AN EXISTING BUT NEGLECTED PROPERTY.C. PROVIDING EMPLOYMENT, RESOURCES AND CREATIVE AND COMMUNITY SPACE FOR THE PEOPLE THAT LIVE IN THE NORTH MINNEAPOLIS COMMUNITY.D. BRINGING NEW RETAIL TO THE NORTH MINNEAPOLIS COMMUNITY.THE LLC IS A FUNCTIONALLY RELATED BUSINESS AS DEFINED IN SECTION 4942 OF THE INTERNAL REVENUE CODE FOR THE FOUNDATION BECAUSE THE PROJECT DIRECTLY FURTHERS THE FOUNDATION'S MISSION. BECAUSE IT IS A FUNCTIONALLY RELATED BUSINESS, THE FOUNDATION'S OWNERSHIP IN THE LLC IS NOT AN EXCESS BUSINESS HOLDING WITHIN THE MEANING OF SECTION 4943 OF THE INTERNAL REVENUE CODE. According to available records, Jay And Rose Phillips Family Foundation Of Minnesota has made 221 grants totaling $9.6M, with a median grant of $10K. Annual giving has grown from $3.5M in 2020 to $6.2M in 2022. Individual grants have ranged from $30 to $3.5M, with an average award of $44K. The foundation has supported 98 unique organizations. The foundation primarily supports organizations in Minnesota, California, New York, which account for 86% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
THE FOUNDATION FORMED THE 927 BUILDING, LLC TO RENOVATE A COMMERCIAL BUILDING LOCATED AT 927 WEST BROADWAY IN NORTH MINNEAPOLIS (THE "LLC"). FOLLOWING ARE THE GOALS FOR THE LLC THE LLC THAT GUIDE THE LLC'S PROJECT DEVELOPMENT:A. ACHIEVING COMMUNITY AND ECONOMIC DEVELOPMENT THAT LEAD TO LOCAL OWNERSHIP.B. PURPOSEFULLY INVESTING IN THE NORTH MINNEAPOLIS COMMUNITY THROUGH A CATLYTIC REDEVELOPMENT OF AN EXISTING BUT NEGLECTED PROPERTY.C. PROVIDING EMPLOYMENT, RESOURCES AND CREATIVE AND COMMUNITY SPACE FOR THE PEOPLE THAT LIVE IN THE NORTH MINNEAPOLIS COMMUNITY.D. BRINGING NEW RETAIL TO THE NORTH MINNEAPOLIS COMMUNITY.THE LLC IS A FUNCTIONALLY RELATED BUSINESS AS DEFINED IN SECTION 4942 OF THE INTERNAL REVENUE CODE FOR THE FOUNDATION BECAUSE THE PROJECT DIRECTLY FURTHERS THE FOUNDATION'S MISSION. BECAUSE IT IS A FUNCTIONALLY RELATED BUSINESS, THE FOUNDATION'S OWNERSHIP IN THE LLC IS NOT AN EXCESS BUSINESS HOLDING WITHIN THE MEANING OF SECTION 4943 OF THE INTERNAL REVENUE CODE.
Expenses: $163K
THE FOUNDATION FORMED THE 927 BUILDING, LLC TO RENOVATE A COMMERCIAL BUILDING LOCATED AT 927 WEST BROADWAY IN NORTH MINNEAPOLIS (THE "LLC"). FOLLOWING ARE THE GOALS FOR THE LLC THE LLC THAT GUIDE THE LLC'S PROJECT DEVELOPMENT:A. ACHIEVING COMMUNITY AND ECONOMIC DEVELOPMENT THAT LEAD TO LOCAL OWNERSHIP.B. PURPOSEFULLY INVESTING IN THE NORTH MINNEAPOLIS COMMUNITY THROUGH A CATLYTIC REDEVELOPMENT OF AN EXISTING BUT NEGLECTED PROPERTY.C. PROVIDING EMPLOYMENT, RESOURCES AND CREATIVE AND COMMUNITY SPACE FOR THE PEOPLE THAT LIVE IN THE NORTH MINNEAPOLIS COMMUNITY.D. BRINGING NEW RETAIL TO THE NORTH MINNEAPOLIS COMMUNITY.THE LLC IS A FUNCTIONALLY RELATED BUSINESS AS DEFINED IN SECTION 4942 OF THE INTERNAL REVENUE CODE FOR THE FOUNDATION BECAUSE THE PROJECT DIRECTLY FURTHERS THE FOUNDATION'S MISSION. BECAUSE IT IS A FUNCTIONALLY RELATED BUSINESS, THE FOUNDATION'S OWNERSHIP IN THE LLC IS NOT AN EXCESS BUSINESS HOLDING WITHIN THE MEANING OF SECTION 4943 OF THE INTERNAL REVENUE CODE. Based on available records, the foundation has funded 221 grants. Its grantmaking reaches organizations primarily in MN, CA, NY.
Jay And Rose Phillips Family Foundation Of Minnesota has distributed a total of $9.6M across 221 grants. The median grant size is $10K, with an average of $44K. Individual grants have ranged from $30 to $3.5M.
Jay And Rose Phillips Family Foundation Of Minnesota typically selects its grantees rather than accepting unsolicited proposals.
Jay And Rose Phillips Family Foundation Of Minnesota is headquartered in MINNEAPOLIS, MN. While based in MN, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rt Rybak | PRESIDENT | $0 | $0 | $0 |
| Tyler Phillips | TREASURER | $0 | $0 | $0 |
| Dean Phillips | CO-CHAIR | $0 | $0 | $0 |
| Jeanne Phillips | CO-CHAIR | $0 | $0 | $0 |
| Hutton Phillips | BOARD MEMBER | $0 | $0 | $0 |
Total Giving
$4.6M
Total Assets
$62.6M
Fair Market Value
$66.7M
Net Worth
$59.8M
Grants Paid
$2.6M
Contributions
$0
Net Investment Income
$2.4M
Distribution Amount
$2.7M
Total: $37.3M
Total Grants
221
Total Giving
$9.6M
Average Grant
$44K
Median Grant
$10K
Unique Recipients
98
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Minneapolis FoundationMAIN STREET ECONOMIC REVITALIZATION PROGRAM | Minneapolis, MN | $250K | 2022 |
| Minnesota Private College FundEDDIE PHILLIPS SCHOLARSHIP | St Paul, MN | $230K | 2022 |
| Achieve Twin CitiesFISCAL MANAGEMENT OF GENIUS & JOY SUMMER LEARNING PROJECTS | Minneapolis, MN | $203K | 2022 |
| City Of Lakes Community Land TrustCOMMERCIAL LAND TRUST RENEWAL | Minneapolis, MN | $150K | 2022 |
| Olson Middle SchoolMY STORY MY BRILLIANCE | Minneapolis, MN | $111K |
| 2022 |
| Patrick Henry High SchoolBE BOLD | South Minneapolis, MN | $104K | 2022 |
| Nexus Community PartnersGENERAL OPERATING SUPPORT | St Paul, MN | $100K | 2022 |
| Minneapolis Jewish Federation2022 COMMUNITY CAMPAIGN | South Minneapolis, MN | $100K | 2022 |
| Local Initiatives Support CorporationEMERGING BIPOC DEVELOPERS OF COLOR CAPACITY BUILDING | New York, NY | $100K | 2022 |
| Northside Economic Opportunity NetworkGENERAL OPERATING SUPPORT | Minneapolis, MN | $100K | 2022 |
| Women In Non Traditional Employment RolesGENERAL OPERATING SUPPORT | Los Angeles, CA | $60K | 2022 |
| South Bay Center For CounselingCONTINUED SUPPORT FOR THE ENERGY PATHWAYS PROGRAM | Wilmington, CA | $59K | 2022 |
| Northpoint Health & Wellness Center IncNORTHSIDE COMMUNITY SAFETY CONFERENCE | Minneapolis, MN | $50K | 2022 |
| Northside Achievement ZoneGENERAL OPERATING SUPPORT | Minneapolis, MN | $40K | 2022 |
| Didi Hirsch Psychiatric ServiceSUPPORT FOR THE SURVIVORS OF SUICIDE ATTEMPTS WORK & OTHER SUPPORT GROUPS | Culver City, CA | $35K | 2022 |
| Pillsbury United CommunitiesNORTH NEWS | Minneapolis, MN | $35K | 2022 |
| Downtown Women'S CenterGENERAL OPERATING SUPPORT | Los Angeles, CA | $30K | 2022 |
| Jewish Community ActionGENERAL OPERATING SUPPORT | St Paul, MN | $25K | 2022 |
| Youth FrontiersGENERAL OPERATING SUPPORT | Minneapolis, MN | $25K | 2022 |
| A Better ChicagoGENERAL OPERATING SUPPORT | Chicago, IL | $25K | 2022 |
| Planned Parenthood Of North Central StatesGENERAL OPERATING SUPPORT | St Paul, MN | $25K | 2022 |
| MicrograntsGENERAL OPERATING SUPPORT | Minneapolis, MN | $25K | 2022 |
| Advancing Equity CoalitionADVANCING EQUITY COALITION - 512904 | Minneapolis, MN | $20K | 2022 |
| Planned Parenthood Los AngelesGENERAL OPERATING SUPPORT | Los Angeles, CA | $20K | 2022 |
| Naral Pro-Choice Minnesota FoundationGENERAL OPERATING SUPPORT | St Paul, MN | $20K | 2022 |
| La Gay And Lesbian CenterCONTINUED SUPPORT FOR OUT FOR SAFE SCHOOLS | Los Angeles, CA | $20K | 2022 |
| University Of St ThomasJAY PHILLIPS CENTER FOR INTERRELIGIOUS STUDIES | St Paul, MN | $18K | 2022 |
| St John'S UniversityJAY PHILLIPS CENTER FOR INTERFAITH LEARNING AT SAINT JOHN'S UNIVERSITY | Collegeville, MN | $18K | 2022 |
| Educators 4 Excellence IncEDUCATORS FOR EXCELLENCE - REIMAGINING EDUCATION WITH TEACHERS - 511852 | Minneapolis, MN | $15K | 2022 |
| Children'S Home & Aid Society Of IllinoisCHOOSE TO CHANGE OPERATING SUPPORT | Chicago, IL | $15K | 2022 |
| Heartland Alliance For Human Needs And RightsIN SUPPORT OF READI PROGRAM | Chicago, IL | $15K | 2022 |
| National Council Of Jewish Women LaGENERAL OPERATING SUPPORT | Los Angeles, CA | $15K | 2022 |
| Group For The Advancement Of PsychiatryGENERAL OPERATING SUPPORT | Dallas, TX | $13K | 2022 |
| Amos And Celia Heilicher Minneapolis Jewish Day SchoolGENERAL OPERATING SUPPORT | Minneapolis, MN | $10K | 2022 |
| Torah Academy Of MinneapolisGENERAL OPERATING SUPPORT | St Louis Park, MN | $10K | 2022 |
| Yaya Foundation For 4h LeukodystrophyGENERAL OPERATING SUPPORT | Minneapolis, MN | $10K | 2022 |
| Perspectives IncGENERAL OPERATING SUPPORT | St Louis Park, MN | $10K | 2022 |
| Pacer CenterGENERAL OPERATING SUPPORT | Minneapolis, MN | $10K | 2022 |
| Little Brothers - Friends Of The ElderlyGENERAL OPERATING SUPPORT | Saint Paul, MN | $10K | 2022 |
| The Food GroupGENERAL OPERATING SUPPORT | New Hope, MN | $10K | 2022 |
| Juxtaposition ArtsGENERAL OPERATING SUPPORT | Minneapolis, MN | $10K | 2022 |
| Citizens LeagueGENERAL OPERATING SUPPORT | St Paul, MN | $10K | 2022 |
| VocalessenceSUPPORT OF STEWART COPELAND'S WORK | Minneapolis, MN | $10K | 2022 |
| My Block My Hood My CityGENERAL OPERATING SUPPORT | Chicago, IL | $10K | 2022 |
| Communities In Schools Of ChicagoGENERAL OPERATING SUPPORT | Chicago, IL | $10K | 2022 |
| St David'S Center For Child And Family DevelopmentGENERAL OPERATING SUPPORT | Minnetonka, MN | $10K | 2022 |
| The Sanneh FoundationGENERAL OPERATING SUPPORT | St Paul, MN | $10K | 2022 |
| Agate Housing And Services IncGENERAL OPERATING SUPPORT | Minneapolis, MN | $10K | 2022 |
| Vision Loss ResourcesGENERAL OPERATING SUPPORT | Little Canada, MN | $10K | 2022 |
| Minnesota Historical SocietyGENERAL OPERATING SUPPORT | St Paul, MN | $10K | 2022 |
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