About Phillips
Foundation

A private family foundation and catalytic capital platform

Aligning Our Investments with Our Values

We seek to steward every dollar for good.

As many foundations have modeled before us and through our own experience, we know there doesn’t have to be a trade-off between doing good and doing well.

Phillips Foundation executes a values-alignment strategy across all asset classes of its endowment’s diversified portfolio while maintaining market-rate returns. Each investment opportunity is evaluated by dual CIOs — a Chief Investment Officer and a Chief Impact Officer — to ensure our corpus’ deployed capital will “First, do no harm.” We primarily seek investable opportunities that achieve measurable social and/or environmental benefit alongside competitive financial returns.

Between Generational Grantmaking cycles, we favor impact investing tools like Program-Related Investments (PRIs) over traditional grants as our preferred vehicle to achieve sustainable impact through our annual 5 percent charitable distribution amount. For more information on impact investing, please visit our Impact Investing Think Tank™.

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Our History, Our Future

Building on a legacy of ingenuity
and intentionality

Phillips Foundation is a private family foundation and catalytic capital platform that leverages its assets to maximize social, environmental and financial value.

Following the entrepreneurial legacy of founder Kermit G. Phillips II, the Foundation conceived a first-of-its-kind Generational Grantmaking strategy in 2013, launched two original programs in 2016, and now leverages its full endowment for good through impact investing.

Generating meaningful social, environmental and financial outcomes in unison, the Foundation uses tools beyond traditional grantmaking for sustainable impact with its annual distribution and endowment. We seek only to profit from investments that “First, do no harm” and are aligned with the Foundation’s values.

Milestones

Snapshots of the journey


2002

Kermit G. Phillips II creates the Kermit G. Phillips II Charitable Trust as a vehicle for family philanthropy.

2013

Mr. Phillips’ estate funds the endowment of the Kermit G. Phillips II Charitable Trust.

2013

Trustees appoint Elizabeth Carlock Phillips as Executive Director of the Kermit G. Phillips II Charitable Trust, and it begins operating as the Phillips Foundation.

2013

Announces Generational Grantmaking strategy to serve as lead donor to a slate of once-in-a-generation opportunities in Greensboro/Guilford County, North Carolina.

2014-2015

Continues to identify and announce Generational Grants to historic public-private partnerships in Greensboro/Guilford County.

2015

Pilot impact investment with corpus funds is successful and Trustees approve a “Total Portfolio Activation” approach to align 100 percent of endowment assets toward impact.

2016

Impact Investing Think Tank™ and Healthy Relationships Initiative™ launch as the first original programs of the Phillips Foundation.

2016

Phillips Foundation opens an office in Dallas, Texas.

2017

Generational Grantmaking cycle concludes as the Foundation announces a focus on Program-Related Investments (PRIs) and Mission-Related Investments (MRIs).

2018

Impact Investing Think Tank™ continues convenings in North Carolina and Texas.

Impact Investing

Doing well as we do good

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Original Programs

Upstream solutions to societal changes

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