The Jay & Rose Phillips Family Foundation of Minnesota is a non-profit independent foundation based in Minneapolis, Minnesota. Established in 1944, the foundation's primary function is to provide maximum sustainable support to the unmet human and social needs of individuals, families and communities that have the least access to resources. The assets of the foundation are managed by the Board of Trustees.The Jay & Rose Phillips Family Foundation of Minnesota's investment portfolio is valued at over $53.68 million, with investments in domestic and international equity, fixed income, hedge fund, real estate, private equity, and cash.