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Also known as: AKA PHILLIPS FOUNDATION
Kermit G Phillips Ii Charitable Trust is a private trust based in GREENSBORO, NC. The foundation received its IRS ruling in 2002. It holds total assets of $49.9M. Annual income is reported at $1.1M. PUBLIC RESPONSIBILITY: THE PHILLIPS FOUNDATION SEEKS TO ENHANCE THE RESULTS OF ITS GRANTMAKING IN EDUCATION TO GROW EDUCATION-RELATED INITIATIVES. LEVERAGING ITS BODY OF WORK, THE FOUNDATION WILL DEVELOP PROGRAMS, COLLABORATIONS AND TECHNOLOGY DESIGNED TO INSPIRE LEARNING AND ADDRESS IMPEDIMENTS TO CHILDREN, YOUTH AND ADULTS REACHING THEIR FULL POTENTIAL AS GENEROUS AND IMPACT DRIVEN INDIVIDUALS. THROUGH EXPLORATION OF PARTNERSHIPS WITH OTHERS IN THE FIELD, COUPLED WITH ORIGINAL PROGRAMS DESIGNED TO EDUCATE CHILDREN, YOUTH AND ADULTS ABOUT GENEROSITY, STEWARDSHIP, COMMUNITY NEEDS AND SOCIAL RESPONSIBILITY, THE FOUNDATION WILL INNOVATE, CONVENE AND COLLABORATE TO EFFECT POSITIVE CHANGE. According to available records, Kermit G Phillips Ii Charitable Trust has made 13 grants totaling $3.4M, with a median grant of $250K. Annual giving has grown from $1.5M in 2021 to $1.9M in 2022. Individual grants have ranged from $15K to $500K, with an average award of $259K. The foundation has supported 9 unique organizations. The foundation primarily supports organizations in North Carolina, California, District of Columbia, which account for 85% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
PUBLIC RESPONSIBILITY: THE PHILLIPS FOUNDATION SEEKS TO ENHANCE THE RESULTS OF ITS GRANTMAKING IN EDUCATION TO GROW EDUCATION-RELATED INITIATIVES. LEVERAGING ITS BODY OF WORK, THE FOUNDATION WILL DEVELOP PROGRAMS, COLLABORATIONS AND TECHNOLOGY DESIGNED TO INSPIRE LEARNING AND ADDRESS IMPEDIMENTS TO CHILDREN, YOUTH AND ADULTS REACHING THEIR FULL POTENTIAL AS GENEROUS AND IMPACT DRIVEN INDIVIDUALS. THROUGH EXPLORATION OF PARTNERSHIPS WITH OTHERS IN THE FIELD, COUPLED WITH ORIGINAL PROGRAMS DESIGNED TO EDUCATE CHILDREN, YOUTH AND ADULTS ABOUT GENEROSITY, STEWARDSHIP, COMMUNITY NEEDS AND SOCIAL RESPONSIBILITY, THE FOUNDATION WILL INNOVATE, CONVENE AND COLLABORATE TO EFFECT POSITIVE CHANGE.
Expenses: $3K
IMPACT INVESTING: THE PHILLIPS FOUNDATION SEEKS TO CREATE A PLATFORM TO AMPLIFY SOCIAL AND ENVIRONMENTAL VALUE THROUGH FINANCIAL INVESTMENTS, A PRACTICE KNOWN AS IMPACT INVESTING. THROUGH A SERIES OF EVENTS, GATHERINGS AND COLLABORATIONS THAT BRING TOGETHER A VARIETY OF STAKEHOLDERS, THE FOUNDATION WILL MEET THIS MISSION-RELATED GOAL THROUGH ACTIVITIES INCLUDING BUT NOT LIMITED TO: PROVIDING EDUCATIONAL PROGRAMS, CONDUCTING RESEARCH, PUBLISHING RESOURCES, CONVENING PARTNERS, FOSTERING COLLABORATION, CREATING DEALFLOW AND EXPLORING OPPORTUNITIES.
Expenses: $510K
SOCIAL SECTOR LEADERSHIP: THE PHILLIPS FOUNDATION SEEKS TO STRENGTHEN THE ABILITY OF NONPROFITS TO ACCOMPLISH THEIR CHARITABLE MISSIONS BY EMPOWERING THE NONPROFIT SECTOR TO EMPLOY EXEMPLARY GOVERNANCE AND EXECUTIVE LEADERSHIP PRACTICES. THE FOUNDATION WILL CONDUCT RESEARCH, ENGAGE WITH STRATEGIC PARTNERS AND DEVELOP PROGRAMS AND RESOURCES DESIGNED TO EQUIP NONPROFITS, PHILANTHROPIC INSTITUTIONS AND THEIR LEADERS TO ENACT SYSTEMIC CHANGE. WITH AN EMPHASIS ON ACCOUNTABILITY AND INNOVATION, THE FOUNDATION WILL PROMOTE AND ADVOCATE FOR EXEMPLARY LEADERSHIP AND GOVERNANCE. IN TURN, THIS WILL ENABLE NONPROFITS AND PHILANTHROPISTS TO MAXIMIZE THEIR LEVEL OF IMPACT.
Expenses: $2M
CRISIS PREVENTION: THE PHILLIPS FOUNDATION SEEKS TO LEVERAGE THE FOUNDATION'S EXISTING GRANT PARTNERSHIPS TO EVOLVE TOWARD UPSTREAM PREVENTION OF SOCIAL ISSUES BY ADDRESSING ROOT PROBLEMS OF FAMILY BREAKDOWN AND DYSFUNCTION THROUGH RESEARCH-BASED TOOLS FOR HEALTHY RELATIONSHIPS, SELF-SUFFICIENCY AND FAMILY WELLNESS.
PUBLIC RESPONSIBILITY: THE PHILLIPS FOUNDATION SEEKS TO ENHANCE THE RESULTS OF ITS GRANTMAKING IN EDUCATION TO GROW EDUCATION-RELATED INITIATIVES. LEVERAGING ITS BODY OF WORK, THE FOUNDATION WILL DEVELOP PROGRAMS, COLLABORATIONS AND TECHNOLOGY DESIGNED TO INSPIRE LEARNING AND ADDRESS IMPEDIMENTS TO CHILDREN, YOUTH AND ADULTS REACHING THEIR FULL POTENTIAL AS GENEROUS AND IMPACT DRIVEN INDIVIDUALS. THROUGH EXPLORATION OF PARTNERSHIPS WITH OTHERS IN THE FIELD, COUPLED WITH ORIGINAL PROGRAMS DESIGNED TO EDUCATE CHILDREN, YOUTH AND ADULTS ABOUT GENEROSITY, STEWARDSHIP, COMMUNITY NEEDS AND SOCIAL RESPONSIBILITY, THE FOUNDATION WILL INNOVATE, CONVENE AND COLLABORATE TO EFFECT POSITIVE CHANGE. Based on available records, the foundation has funded 13 grants. Its grantmaking reaches organizations primarily in NC, CA, DC.
Kermit G Phillips Ii Charitable Trust has distributed a total of $3.4M across 13 grants. The median grant size is $250K, with an average of $259K. Individual grants have ranged from $15K to $500K.
Kermit G Phillips Ii Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Kermit G Phillips Ii Charitable Trust is headquartered in GREENSBORO, NC. While based in NC, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peter Gilchrist | Trustee | $0 | $0 | $0 |
| Kevin Phillips | Trustee | $0 | $0 | $0 |
| Kert Phillips | Trustee | $0 | $0 | $0 |
| Keith Phillips | Trustee | $0 | $0 | $0 |
Total Giving
$3.9M
Total Assets
$49.6M
Fair Market Value
$62.4M
Net Worth
$45.5M
Grants Paid
$1.4M
Contributions
$0
Net Investment Income
$2.8M
Distribution Amount
$2.8M
Total: $42.1M
Total Grants
13
Total Giving
$3.4M
Average Grant
$259K
Median Grant
$250K
Unique Recipients
9
Most Common Grant
$200K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The ImpactOPERATIONS AND PROGRAM SUPPORT | New York, NY | $25K | 2022 |
| Shift EducationOPERATIONS AND PROGRAM SUPPORT | Greensboro, NC | $500K | 2022 |
| Community Foundation Of Greater GsoOPERATIONS AND PROGRAM SUPPORT | Greensboro, NC | $486K | 2022 |
| Drk FoundationOPERATIONS AND PROGRAM SUPPORT | Menlo Park, CA | $325K | 2022 |
| Panorama GlobalOPERATIONS AND PROGRAM SUPPORT | Seattle, WA |
SPRUCE PINE, NC
BOSTON, MA
SEATTLE, WA
JUNEAU, AK
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| $276K |
| 2022 |
| New Venture FundTHE TIPPING POINT | Washington, DC | $250K | 2022 |
| The Community Foundation Of Greater Greensboro IncSAY YES TO EDUCATION | Greensboro, NC | $500K | 2021 |
| Guilford Education AllianceONGOING OPERATIONS | Greensboro, NC | $200K | 2021 |
| Unc-G Excellence FoundationHEALTHY RELATIONSHIPS INITIATIVE | Greensboro, NC | $35K | 2021 |
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