The Phillips Collection is a non-profit foundation based in Washington, District of Columbia. Established in 1921, the foundation relies on the support of admission and program fees, endowment income and generous assistance from individual donors, corporations, foundations and others. The assets of the foundation are managed by the board of directors.The Phillips Collection's investment portfolio is valued at over $66.69 million, with investments in domestic and international equity, fixed income, private equity, and cash.