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Also known as: PHILLIPS FOUNDATION
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L Donald And Dorothy G Phillips Foundation is a private trust based in NEWBURYPORT, MA. The foundation received its IRS ruling in 1996. The principal officer is Eastern Bank. It holds total assets of $675K. Annual income is reported at $445K. Total assets have grown from $47K in 2011 to $666K in 2023. The foundation is governed by 2 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, L Donald And Dorothy G Phillips Foundation has made 6 grants totaling $21K, with a median grant of $3K. Annual giving has grown from $1K in 2022 to $19K in 2023. Individual grants have ranged from $319 to $10K, with an average award of $3K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
L Donald And Dorothy G Phillips Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in MA.
L Donald And Dorothy G Phillips Foundation has distributed a total of $21K across 6 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $319 to $10K.
L Donald And Dorothy G Phillips Foundation typically selects its grantees rather than accepting unsolicited proposals.
L Donald And Dorothy G Phillips Foundation is headquartered in NEWBURYPORT, MA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeremiah Lewis | Trustee | $0 | $0 | N/A |
| James Connolly | Trustee | $0 | $0 | N/A |
Total Giving
$29K
Total Assets
$666K
Fair Market Value
$743K
Net Worth
$666K
Grants Paid
$19K
Contributions
N/A
Net Investment Income
$45K
Distribution Amount
$35K
Total Grants
6
Total Giving
$21K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
3
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Newburyport Education FoundationCHARITABLE CONTRIBUTION | Newburyport, MA | $10K | 2023 |
| Friends Of Ipswich LibraryCHARITABLE CONTRIBUTION | Ipswich, MA | $5K | 2023 |
| Friends Of Ipswich ElderlyCHARITABLE CONTRIBUTION | Ipswich, MA | $5K | 2023 |