Phil was born in LaSalle, Ill., and graduated from the Lawrenceville School before coming to Princeton. He majored in economics and was a member of Tiger Inn. He spent two years as a first lieutenant in the Army, serving in Korea, before returning to Princeton to graduate.
Phil then joined the brokerage firm of Wayne Hummer & Co. in Chicago, where he worked with his father and brother for more than 60 years. Phil served on the board of the Field Foundation, was a trustee and board chair of the Chicago History Museum, and served on the board of the Chicago Crime Commission from 1965 until his death. He was also active in the local chapter of the Securities Industry Association and served on the board of the Latin School of Chicago.
Phil is survived by his wife, Lynn; their three daughters; and five grandchildren.