Although mathematical philosophy is flourishing today, it remains subject to criticism, especially from non-analytical philosophers. The main concern is that even if formal tools serve to clarify reasoning, they themselves contribute nothing new or relevant to philosophy. We defend mathematical philosophy against such concerns here by appealing to its metaphysical foundations. Our thesis is that mathematical philosophy can be founded on the phenomenological theory of ideas as developed by Roman Ingarden. From this platonist perspective, the “unreasonable effectiveness of mathematics in (...) philosophy”—to adapt Wigner’s phrase—is analogous to that of mathematical explanations in science. As success-criteria for mathematical philosophy, we propose that it should be correct, responsive, illuminating, promising, relevant, and adequate. (shrink)