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    THE JAY AND ROSE PHILLIPS FAMILY

    Supporting OrganizationIRS data 2022–2024
    MINNEAPOLIS, MNEIN 274196509 Website

    Annual Giving

    $2.6M

    Grants

    120

    Median Grant

    $10K

    Organizations Funded

    100

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    Foundation Overview

    Mission

    The mission of The Jay and Rose Phillips Family Foundation of Minnesota is to honor the legacy of its founders by supporting efforts that address the unmet human and social needs of individuals, families, and communities that have the least access to resources.

    Focus Areas

    economic revitalizationsmall business developmententrepreneurship (north minneapolis)community developmentcommunity safetyaffordable housingcommunity land trustsbipoc developer capacity building

    Grant Types

    general operating supportcapacity buildingscholarshipsprogram/project grantsstipendslending / capital supportevent / gala support

    Funded Initiatives

    Northside Commercial Real Estate Revolving Loan Fund with $1M Program Related Investment; grants of $321,000 approved with another $422,000 planned; Phillips Scholars Program with $9,000+ in scholarships to 10 students annually from 15 eligible Minnesota private colleges

    How to Apply

    The Foundation has discontinued its former practice of inviting unsolicited proposals for all of its funding priorities. Each funding priority now has a different application process, and many do not accept unsolicited proposals. Staff members spend time in the community learning, meeting with organizations, and building relationships with nonprofit, public, and philanthropic partners.

    Based on publicly available information from the foundation's 990 filings and website.

    Giving History

    2024

    $2.6M

    Grants

    120

    Median

    $10K

    States

    11

    2023-17%

    $2.6M

    Grants

    122

    Median

    $10K

    States

    11

    2022

    $3.1M

    Grants

    110

    Median

    $10K

    States

    10

    Grant Size Distribution

    $10K

    Typical Grant (Median)

    $1K

    Smallest

    $5K

    25th Pctile

    $20K

    75th Pctile

    $238K

    Largest

    Excludes grants ≤ $5K. Half fall between $5K and $20K.

    Largest Recent Grants

    $238K

    2024

    MINNESOTA PRIVATE COLLEGE FUND

    MN · EDDIE PHILLIPS SCHOLARSHIP FOR AFRICAN AMERICAN MEN 2024-2026 COHORT - 533173

    $220K

    2024

    MINNESOTA PRIVATE COLLEGE FUND

    MN · 2023-2025 EDDIE PHILLIPS SCHOLARS

    $196K

    2024

    THE MINNEAPOLIS FOUNDATION

    MN · PHILLIPS NORTHSIDE REAL ESTATE ADVISORY COMMITTEE SPECIAL PURPOSE FUND

    $150K

    2024

    FORTIS CAPITAL

    MN · CAPACITY BUILDING SUPPORT FOR LENDING CAPITAL AND OPERATIONS

    $110K

    2024

    MINNESOTA PRIVATE COLLEGE FUND

    MN · PHILLIPS SCHOLARS PROGRAM

    Geographic Focus

    MN
    $2.1M79 grants
    CA
    $252K15 grants
    NY
    $75K10 grants
    IL
    $73K7 grants
    DC
    $20K2 grants

    Top states by total grant dollars. Based on IRS filing data.

    Financial Overview

    YearTotal AssetsGrants Paid
    2024
    $62.3M
    $2.6M(4.1%)
    2023
    $62.6M
    $2.6M(4.1%)
    2022
    $64.4M
    $3.1M(4.8%)

    Grants paid shown as percentage of total assets

    Network Intelligence

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    Data sourced from IRS 990 and 990-PF filings and publicly available foundation websites. Grant data, financial figures, and organizational details reflect historical filings and may not represent current operations or funding priorities. Verify directly with the foundation before applying. See an issue? Let us know.

    Questions?