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Samuel L Phillips Family Foundation is a private corporation based in SPRUCE PINE, NC. The foundation received its IRS ruling in 2002. It holds total assets of $10.4M. Annual income is reported at $2.4M. The foundation is governed by 10 officers and trustees. The foundation provides funds for general support for various charitable organizations. See part xi for details. Tax records are available from 2017 to 2022. The foundation primarily funds organizations in North Carolina and New York. According to available records, Samuel L Phillips Family Foundation has made 60 grants totaling $2.1M, with a median grant of $5K. Annual giving has grown from $701K in 2020 to $1.4M in 2022. Individual grants have ranged from $500 to $300K, with an average award of $35K. The foundation has supported 27 unique organizations. The foundation primarily supports organizations in North Carolina, Pennsylvania, New York, which account for 90% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$13K
Average Grant
$44K
Largest Grant
$250K
Based on 16 grants from the most recent 990-PF filing.
The foundation provides funds for general support for various charitable organizations. See part xi for details.
Expenses: $715K
The foundation provides funds for general support for various charitable organizations. See part xi for details. Based on available records, the foundation has funded 60 grants. Its grantmaking reaches organizations primarily in NC, PA, NY.
Samuel L Phillips Family Foundation has distributed a total of $2.1M across 60 grants. The median grant size is $5K, with an average of $35K. Individual grants have ranged from $500 to $300K.
The application deadline is ACCEPTED YEAR-ROUND, BUT MUST BE SUBMITTED BY JUNE 30 TO BE REVIEWED AT THE ANNUAL MEETING.. Grant must have a measurable impact within mitchell county, north carolina and upon special consideration, the surrounding areas of western north carolina.
Samuel L Phillips Family Foundation is headquartered in SPRUCE PINE, NC. While based in NC, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gina Phillips | PRESIDENT | $5K | $0 | $5K |
| Fred L Stout | VICE PRESIDE | $5K | $0 | $5K |
| G Byron Phillips | TREASURER | $5K | $0 | $5K |
| Van Phillips | SECRETARY | $5K | $0 | $5K |
| Keith S Holtsclaw | BOARD MEMBER | $5K | $0 | $5K |
| Adrienne Snyder | BOARD MEMBER | $5K | $0 | $5K |
| Jennifer P Dellinger | BOARD MEMBER | $100 | $0 | $100 |
| Drey Phillips | BOARD MEMBER | $100 | $0 | $100 |
| Brandee Cook | BOARD MEMBER | $100 | $0 | $100 |
| Lindsey Canipe | BOARD MEMBER | $100 | $0 | $100 |
Total Giving
$836K
Total Assets
$10.2M
Fair Market Value
$12.4M
Net Worth
$10.2M
Grants Paid
$687K
Contributions
N/A
Net Investment Income
$215K
Distribution Amount
$691K
Total: $6.7M
Total Grants
60
Total Giving
$2.1M
Average Grant
$35K
Median Grant
$5K
Unique Recipients
27
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mt Zion United Methodist ChurchGENERAL PURPOSE | Spruce Pine, NC | $1K | 2022 |
| Ymca Of Avery CountyYOUTH AND CHILD DEVELOPMENT | Linville, NC | $300K | 2022 |
| Mayland Community College FndPROJECT COSTS EXCEPT CONSTRUCTION | Spruce Pine, NC | $115K | 2022 |
| Duke UniversityASSISTANT SCHOLARSHIP | Durham, NC | $60K | 2022 |
| East Carolina University Medical &DENTAL SCHOLARSHIPS | Greenville, NC | $55K | 2022 |
| Pisgah Legal ServicesGENERAL PURPOSE | Asheville, NC | $40K | 2022 |
| Amy Wellness FoundationGENERAL PURPOSE | Spruce Pine, NC | $25K | 2022 |
| Mitchell County Historical SocietyGENERAL PURPOSE | Bakersville, NC | $25K | 2022 |
| Spruce Pine Montessori School IncROOF GUTTER AND DRAINAGE UPDATES | Spruce Pine, NC | $21K | 2022 |
| Appalachian State UniversityGENERAL PURPOSE | Boone, NC | $20K | 2022 |
| The Strawbridge And Martha WilsonGENERAL PURPOSE | Burnsville, NC | $10K | 2022 |
| Toe River Arts CouncilGENERAL PURPOSE | Burnsville, NC | $3K | 2022 |
| Blue Ridge Parkway FoundationGENERAL PURPOSE | Winstonsalem, NC | $2K | 2022 |
| Shriners Hospitals For ChildrenGENERAL PURPOSE | Philadelphia, PA | $1K | 2022 |
| Neighbors Feeding NeighborsGENERAL PURPOSE | Spruce Pine, NC | $1K | 2022 |
| Mitchell County Safe PlaceGENERAL PURPOSE | Spruce Pine, NC | $500 | 2022 |
| Mitchell County Animal RescueGENERAL PURPOSE | Spruce Pine, NC | $500 | 2022 |
| Lily Branch Baptist ChurchGENERAL PURPOSE | Bakersville, NC | $500 | 2022 |
| Mayo ClinicGENERAL PURPOSE | Rochester, MN | $500 | 2022 |
| Broadway Cares Equity Fights AidsGENERAL PURPOSE | New York, NY | $500 | 2022 |
| The Salvation ArmyGENERAL PURPOSE | Rancho Palos Verdes, CA | $500 | 2022 |
| Crossnore School & Children'S HomeGENERAL PURPOSE | Crossnore, NC | $250K | 2020 |