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Phelps Foundation Trust is a private trust based in PENNINGTON, NJ. The foundation received its IRS ruling in 1992. The principal officer is Merrill Lynch Trust Co Etal Ttee. It holds total assets of $1.1M. Annual income is reported at $1.3M. Total assets have grown from $667K in 2011 to $928K in 2023. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Phelps Foundation Trust has made 3 grants totaling $141K, with a median grant of $48K. Annual giving has decreased from $96K in 2022 to $45K in 2023. Individual grants have ranged from $45K to $48K, with an average award of $47K. Grant recipients are concentrated in Florida. 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.
Phelps Foundation Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in FL.
Phelps Foundation Trust has distributed a total of $141K across 3 grants. The median grant size is $48K, with an average of $47K. Individual grants have ranged from $45K to $48K.
Phelps Foundation Trust typically selects its grantees rather than accepting unsolicited proposals.
Phelps Foundation Trust is headquartered in PENNINGTON, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America N A | TRUSTEE | $19K | $0 | $19K |
Total Giving
$65K
Total Assets
$928K
Fair Market Value
$1.2M
Net Worth
$928K
Grants Paid
$45K
Contributions
N/A
Net Investment Income
$31K
Distribution Amount
$57K
Total: $881K
Total Grants
3
Total Giving
$141K
Average Grant
$47K
Median Grant
$48K
Unique Recipients
1
Most Common Grant
$48K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of FloridaGENERAL OPERATING | Gainesville, FL | $45K | 2023 |