NonprofitsTrustees Of Phillips Academy

Education

Trustees Of Phillips Academy

ANDOVER, MA

Total revenue

$207.9M

Total expenses

$161.9M

Net assets

$1.8B

Grants received

$52.5M

499 grants

EIN

042103579

Tax year

2023

Mission

See schedule o

Programs

2 programs

Education, 553 students, 61 e-summer students, and 62 advantage students - summer session: the summer session offers its students intensive academic enrichment through a variety of on-campus and virtual programs. Its flagship on-campus program, a five-week residential experience, is characterized by demanding classes, engaging recreational afternoon activities, social events, and cultural opportunities, as well as welcoming dormitories, all of which are designed to prepare students in grades 7 - 12 for secondary school and collegiate residential life. In addition, the fully-virtual e-summer program offers students from around the globe an opportunity to engage meaningfully with talented faculty in a personalized, mastery-based experience, combining synchronous class sessions and 1:1 learning conferences with asynchronous, self-paced online learning. In keeping with one of the academy's ideals "to be a private school with a public purpose," summer session strives yearly to use its financial aid budget in order to offer the experience to as many qualified and deserving applicants as possible. Summer session works cooperatively with other programs such as minds matter, the eos foundation, reach memphis, the wight foundation, and others to identify scholars "from every quarter" to sponsor for this summer opportunity. Finally, summer session serves as the umbrella for the other outreach programs that work directly with students during the summer, both on-campus and virtually, making sure that they receive appropriate support, have access to academy resources, and share as fully as possible in the summer community.

Expenses: $4.5MGrants: $360K

The institute for recruitment of teachers (irt) addresses the lack of diversity in the nation's teaching faculties by recruiting outstanding students of color and other scholars committed to diversity in education, preparing them for the demands of careers in education, counseling them through the graduate school application process, and advocating for sufficient funding for advanced study. Since 1990, the irt has built a national consortium of colleges and universities that are eager to enroll irt students to diversify their graduate student bodies and expand the pipeline of educators to teach, counsel, and administrate in american schools, colleges, and universities. Irt urges its students to earn their advanced degrees and teaching credentials before they launch their educational careers. Annually, the irt enrolls over 100 talented students who are majoring in the arts, humanities, social sciences, or education, to its associate program for college seniors and graduates who wish to continue their educational studies. Since its inception, nearly every irt applicant has been admitted to at least one graduate school within the irt consortium of 38 colleges and universities; most have been admitted to four or more. Approximately 50 percent of these students have received partial to full tuition waivers and full fellowship assistanceship funding for up to six years of graduate study. To date, the irt has worked with over 2,800 interns and associates. Of that number, over 1,000 participants have already received terminal master's degrees and 430 have earned ph.d.s. Irt alumni serve in the administrative and teaching ranks at over 130 colleges and universities as well as numerous public, private and parochial schools. In the coming decades, a number of these scholars will emerge as educational leaders.

Expenses: $1.0MGrants: $36K

Financials

FY 2023

Revenue

Contributions & grants$29.3M
Program service revenue$87.0M
Investment income$91.6M
Other revenue$25K
Total revenue$207.9M

Expenses

Grants paid$27.5M
Salaries & benefits$75.1M
Fundraising$13.5M
Other expenses$59.3M
Total expenses$161.9M
Total assets$2.0B
Net assets$1.8B

People

36 listed

NameRoleCompensation

RAYNARD S KINGTON

HEAD OF SCHOOL / TRUSTEE

Board

$706K

60 hrs/wk

FERNANDO R ALONSO

ASST HEAD OF SCHOOL/CFO

Board

$335K

55 hrs/wk

MICHAEL SCHMERTZLER

TRUSTEE

Board

3 hrs/wk

YICHEN ZHANG

TRUSTEE

Board

3 hrs/wk

ERIC L ZINTERHOFER

TRUSTEE

Board

3 hrs/wk

JENNIFER AMSTUTZ

ALUMNI TRUSTEE

Board

3 hrs/wk

SANJIV DESAI

ALUMNI TRUSTEE

Board

3 hrs/wk

CHRISTOPHER JWB LEGGETT

ALUMNI TRUSTEE

Board

3 hrs/wk

AISHA JORGE MASSENGILL

ALUMNI TRUSTEE

Board

3 hrs/wk

LOYCE LASHAWNDRA PACE

ALUMNI TRUSTEE

Board

3 hrs/wk

WILLIAM M TONG

ALUMNI TRUSTEE

Board

3 hrs/wk

CHRISTOPER S AUGUSTE

TRUSTEE

Board

3 hrs/wk

GIL CAFFRAY

TRUSTEE/TREASURER

Board

3 hrs/wk

AMY CHRISTODOULO

TRUSTEE

Board

3 hrs/wk

DAVID J CORKINS

TRUSTEE

Board

3 hrs/wk

AMY C FALLS

TRUSTEE/PRESIDENT

Board

3 hrs/wk

KEITH T FLAHERTY

TRUSTEE

Board

3 hrs/wk

ANDREW J GUFF JR

TRUSTEE

Board

3 hrs/wk

STEFAN L KALUZNY

TRUSTEE

Board

3 hrs/wk

TRISTIN BATCHELDER MANNION

TRUSTEE

Board

3 hrs/wk

CARLOS MONTEMAYOR

TRUSTEE

Board

3 hrs/wk

ALLISON E PICOTT

TRUSTEE

Board

3 hrs/wk

TAMARA ELLIOTT ROGERS

TRUSTEE

Board

3 hrs/wk

STACY SCHIFF

TRUSTEE

Board

3 hrs/wk

KIRSTEN A GLANTZ

CHIEF INVESTMENT OFFICER

Staff

$1.0M

55 hrs/wk

THOMAS P LOCKERBY

SECRETARY OF THE ACADEMY

Staff

$452K

55 hrs/wk

CHRISTIAN A REUSCHE

ASSOC DIRECTOR OF INVESTMENTS

Staff

$383K

55 hrs/wk

XUE YANG

ASSOC DIRECTOR OF INVESTMENTS

Staff

$358K

55 hrs/wk

ANDREW JAFFONI

ASSOC DIRECTOR OF INVESTMENTS

Staff

$355K

55 hrs/wk

AMY PATEL

CHIEF MEDICAL OFFICER

Staff

$254K

55 hrs/wk

JESSICA L HERBSTER

GENERAL COUNSEL

Staff

$244K

55 hrs/wk

JAMES F VENTRE

ASST HEAD OF SCHOOL ADMISSION

Staff

$210K

55 hrs/wk

J LAWRENCE MUENCH

DIRECTOR OF FACILITIES

Staff

$204K

55 hrs/wk

JEFFREY C DOMINA

DEAN OF FACULTY

Staff

$172K

55 hrs/wk

MERRILEE MARDON

DEPUTY HEAD OF SCHOOL ACADEMIC

Staff

$150K

55 hrs/wk

RAJESH MUNDRA

INTERIM DEPUTY HEAD OF SCHOOL

Staff

$126K

55 hrs/wk

Independent contractors

ARCHITECTURAL RESOURCES CAMBRIDGE

ARCHITECTURE

$792K

WATERFORD HOTEL GROUP

CAP PROJECT/MGMT FEE

$442K

NORTHERN TRUST COMPANY

INVESTMENT CUSTODIAN

$438K

GALANIS CONSULTING LLC

CONSTRUCTION MGMT

$367K

LEE KENNEDY CO INC

ARCHITECTURE

$258K

Grants received

Showing 200 of 499

FromAmountPurposeYear
$740K
Davis International Scholars Program
2024
$287K
CLASS OF '59 FUND FOR TEACHING SUSTAINABILITY
2024
$256K
Education
2024
$217K
UNRESTRICTED GENERAL SUPPORT
2024
$125K
GENERAL SUPPORT OF MISSION
2024
$90K
The Class of 1962 Mental Wellness Fund
2024
$75K
THE PURPOSE OF THESE CONTRIBUTIONS IS TO PROVIDE THE DONEE ORGANIZATIONS TO CARRY OUT THEIR EXEMPT FUNCTIONS.
2024
$72K
GENERAL SUPPORT
2024
$63K
EDUCATION AND YOUTH DEVELOPMENT
2024
$58K
FOR RECIPIENT'S EXEMPT PURPOSE
2024
$50K
Fisher Family Scholarship fund for (MS)2
2024
$50K
UNRESTRICTED GENERAL
2024
$43K
GENERAL SUPPORT
2024
$40K
(MS)2 MATHEMATICS AND SCIENCE EDUCATION FOR MINORITY STUDENTS
2024
$40K
GENERAL CHARITABLE PURPOSES
2024
$25K
General & Unrestricted
2024
$15K
UNIVERSITY
2024
$12K
SECONDARY, PRIMARY, PRESCHOOLS
2024
$11K
SECONDARY & HIGH SCHOOLS
2024
$10K
BICENTENNIAL CLASS SCHOLARSHIP FUND
2024
$10K
UNRESTRICTED GENERAL SUPPORT
2024
$8K
General & Unrestricted
2024
$8K
PROJECT BREADLOAF
2024
$7K
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$7K
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$7K
GENERAL SUPPORT
2024
$6K
EDUCATIONAL SUCCESS
2024
$6K
SCIENCE COMPETITION AWARD
2024
$6K
UNRESTRICTED GENERAL SUPPORT
2024
$5K
EDU - EDUCATIONAL SUCCESS (PRIMARY)
2024
$5K
SUPPORT THE SCHOLARSHIP PRORGRAM
2024
$5K
UNRESTRICTED GENERAL SUPPORT
2024
$2K
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$2K
GENERAL OPERATING PURPOSE
2024
$2K
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$2K
VARIOUS
2024
$1K
MATCHING GIFTS
2024
$1K
General & Unrestricted
2024
$1K
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$1K
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$1K
CHARITABLE WORK
2024
$1K
General & Unrestricted
2024
$1K
GENERAL SUPPORT
2024
$200
Gendler Peace Circle fund
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$200
General & Unrestricted
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$100
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
$100
EDUCATION
2024
$2.0M
For grant recipient's exempt purposes
2023
$740K
Davis International Scholars Program
2023
$361K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$267K
SUPPORT ANNUAL FUND
2023
$150K
EDUCATION AND YOUTH DEVELOPMENT
2023
$150K
BICENTENNIAL SCHOLARSHIP
2023
$133K
General Support
2023
$126K
General support for programs, operations and other charitable purposes
2023
$75K
BEINECKE SCHOLARSHIP ENDOWMENT FUND
2023
$65K
EDUCATION AND YOUTH DEVELOPMENT
2023
$61K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$57K
CHARITABLE DONATION
2023
$57K
UNRESTRICTED GENERAL SUPPORT
2023
$50K
Fisher Family Scholarship fund for (MS)2
2023
$43K
UNRESTRICTED GENERAL
2023
$40K
(MS)2 MATHEMATICS AND SCIENCE EDUCATION FOR MINORITY STUDENTS
2023
$39K
GENERAL CHARITABLE PURPOSES
2023
$38K
RESTRICTED FOR USE FOR PUBLIC SCHOOL ART EDUCATION PROGRAM
2023
$30K
ADDISON GALLERY FOR THE CHASE HALL PURCHASE AND TOWARD FINANCIAL AID
2023
$30K
GENERAL SUPPORT
2023
$25K
THE PURPOSE OF THESE CONTRIBUTIONS IS TO PROVIDE THE DONEE ORGANIZATIONS TO CARRY OUT THEIR EXEMPT FUNCTIONS.
2023
$25K
Amya Fund
2023
$25K
GENERAL SUPPORT
2023
$20K
General & Unrestricted
2023
$20K
FOR PROGRAM SUPPORT.
2023
$18K
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
2023
$16K
FOR GENERAL SUPPORT.
2023
$15K
THE PURPOSE OF THESE CONTRIBUTIONS IS TO PROVIDE THE DONEE ORGANIZATIONS TO CARRY OUT THEIR EXEMPT FUNCTIONS.
2023
$15K
UNIVERSITY
2023
$11K
SECONDARY & HIGH SCHOOLS
2023
$10K
GENERAL
2023
$10K
General & Unrestricted
2023
$10K
GENERAL CONTRIBUTION
2023
$10K
GENERAL SUPPORT AND VARIOUS PROJECTS
2023
$10K
UNRESTRICTED GENERAL SUPPORT
2023
$10K
UNRESTRICTED GENERAL SUPPORT
2023
$9K
SCHOLARSHIPS
2023
$9K
GENERAL OPERATING
2023
$8K
PROGRAM/OPERATING SUPPORT
2023
$7K
ARTS AND CULTURE
2023
$7K
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$7K
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$7K
GENERAL SUPPORT
2023
$7K
PROGRAM/OPERATING SUPPORT
2023
$6K
UNRESTRICTED GENERAL SUPPORT
2023
$6K
SCIENCE COMPETITION AWARD
2023
$6K
EDUCATIONAL SUCCESS
2023
$6K
EDUCATIONAL SUCCESS
2023
$5K
B25 SECONDARY/HIGH SCHOOL
2023
$5K
General & Unrestricted
2023
$5K
GENERAL OPERATING
2023
$4K
SUPPORT FOR CONSERVATION OF POUSETTE-DART BRASS.
2023
$3K
General & Unrestricted
2023
$3K
Alma Benvenuti Endowed Fund
2023
$3K
General & Unrestricted
2023
$2K
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$2K
General Purpose
2023
$2K
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$2K
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$2K
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$2K
MATCHING GIFTS
2023
$2K
MATCHING GIFT - FINAID/SCHOLARSHIPS
2023
$2K
Program Support
2023
$1K
PROGRAM/OPERATING SUPPORT
2023
$1K
VARIOUS
2023
$1K
CHARITABLE
2023
$1K
ALL CONTRIBUTIONS WERE MADE FOR THE GENERAL, CHARITABLE, EDUCATIONAL OR SCIENTIFIC PURPOSE OF EACH ORGANIZATION.
2023
$1K
CHARITABLE WORK
2023
$1K
Matching gifts for general operating support
2023
$1K
General & Unrestricted
2023
$500
UNRESTRICTED
2023
$500
MATCHING GIFTS
2023
$500
MATCHING GIFT - FINAID/SCHOLARSHIPS
2023
$500
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$463
GENERAL SUPPORT
2023
$420
EDUCATION
2023
$400
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$325
GENERAL OPERATING SUPPORT
2023
$250
GENERAL SUPPORT
2023
$200
General & Unrestricted
2023
$200
MATCHING GIFTS
2023
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$100
EDUCATION
2023
$100
FIDELITY MATCHING GIFTS TO EDUCATION
2023
$25
MATCHING GIFT TO EDUCATION
2023
$3.8M
For grant recipient's exempt purposes
2022
$635K
Davis International Scholars program
2022
$400K
CHARITABLE
2022
$347K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$249K
SUPPORT CLASS OF '59 FUND FOR TEACHING SUSTAINABILITY
2022
$200K
THE CLASS OF 1962 FUND FOR STUDENT MENTAL WELLNESS
2022
$140K
UNRESTRICTED GENERAL SUPPORT
2022
$100K
GENERAL SUPPORT
2022
$77K
CHARITABLE DONATION
2022
$50K
THE PURPOSE OF THESE CONTRIBUTIONS IS TO PROVIDE THE DONEE ORGANIZATIONS TO CARRY OUT THEIR EXEMPT FUNCTIONS.
2022
$50K
BICENTENNIAL CLASS SCHOLARSHIP
2022
$45K
GENERAL CHARITABLE PURPOSES
2022
$40K
(MS)2 MATHEMATICS AND SCIENCE EDUCATION FOR MINORITY STUDENTS
2022
$39K
General Operating Support, Andover Parents Fund, Annual Contribution
2022
$33K
RESTRICTED FOR USE FOR PUBLIC SCHOOL ART EDUCATION PROGRAM
2022
$30K
Financial Aid fund and Department of Athletics fund
2022
$30K
THE PURPOSE OF THESE CONTRIBUTIONS IS TO PROVIDE THE DONEE ORGANIZATIONS TO CARRY OUT THEIR EXEMPT FUNCTIONS.
2022
$30K
SCHOLARSHIPS & FINANCIAL AID
2022
$27K
GENERAL SUPPORT
2022
$25K
SUPPORT CLASSICS DEPARTMENT
2022
$21K
(MS)2: Mathematics and Science for Minority Students
2022
$20K
THE PURPOSE OF THESE CONTRIBUTIONS IS TO PROVIDE THE DONEE ORGANIZATIONS TO CARRY OUT THEIR EXEMPT FUNCTIONS.
2022
$20K
SUPPORT ANNUAL FUND
2022
$20K
UNIVERSITY
2022
$20K
GENERAL OPERATING SUPPORT
2022
$18K
GENERAL SUPPORT
2022
$18K
GENERAL SUPPORT
2022
$16K
GROVE HALL FUND EDUCATIONAL WORK
2022
$15K
GENERAL OPERATING PURPOSE
2022
$12K
UNRESTRICTED GENERAL SUPPORT
2022
$11K
SECONDARY & HIGH SCHOOLS
2022
$10K
GENERAL
2022
$10K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
2022

Funded by

$52.5M from 144 funders · 499 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$23.1M · 8 grants · 2017–2023

National Philanthropic Trust

$10.2M · 6 grants · 2017–2023

Shelby Cullom Davis Charitable Fund Inc

$2.8M · 5 grants · 2020–2024

Vanguard Charitable Endowment Program

$2.2M · 4 grants · 2020–2023

Donor Advised Charitable Giving Inc

$2.2M · 8 grants · 2017–2023

Randleigh Foundation

$1.3M · 11 grants · 2020–2024

The Chicago Community Trust

$784K · 8 grants · 2017–2023

Gs Donor Advised Philanthropy Fund

$781K · 3 grants · 2022–2024

Details

EIN042103579
NTEE codeB250
Subsection03
Ruling date1961-03
Formed1778
Employees1171
Volunteers2311
TRUSTEES OF PHILLIPS ACADEMY — Mission, Financials & Grants Received | Grantivo