Aj and Sigismunda Palumbo Charitable Trust
The A.J. and Sigismunda Palumbo Charitable Trust is a private family foundation established in 1974 in Pennsylvania. Based in Pittsburgh, PA, the trust operates as a 501(c)(3) private foundation with a focus on philanthropic giving in Western Pennsylvania. The foundation was created to perpetuate the legacy of Antonio J. Palumbo, who believed that investing in young people and their futures represented the greatest investment a society could make.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$52.3M
-0.3% YoY
Annual Giving
$2.7M
+18.8% YoY
Grant Count
109
+39.7% YoY
Avg Grant Size
$24K
-15.0% YoY
Mission & Focus Areas
Mission Statement: It is the mission of the A.J. and Sigismunda Palumbo Charitable Trust to make Western Pennsylvania a better place by providing hope for the future and improving the quality of life for those who need our help and support.
Primary Funding Priorities:
- St. Marys Charities
- Catholic Education
- Health Related Issues
- Social Services Affecting Youth
Grantmaking
The trust is an active grantmaker, distributing approximately $2.6 million annually. Recent grant activity includes:
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Geographic Focus
Where this funder awards grants
The trust focuses its grantmaking on Western Pennsylvania, with particular emphasis on the Pittsburgh region and surrounding areas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending March 2024:
- Total assets: $52,327,860
- Total revenues: $3,115,109
- Total expenses: $3,364,979
- Investment income and dividends: $1,352,902
- Number of employees: 3
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $52,327,860 | $52,489,886 | $49,066,141 |
| Revenue | $3,115,109 | $6,434,828 | $2,733,548 |
| Expenses | $3,364,979 | $2,895,830 | $3,461,356 |
| Qualifying Distributions | $3,008,071 | $2,525,445 | $3,014,264 |
| Net Investment Income | $2,610,539 | $4,774,347 | $2,370,438 |
| Distributable Amount | $2,857,103 | $2,686,712 | $3,162,519 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Aj and Sigismunda Palumbo Charitable Trust
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Trustees:
- Rex W. Knisley (Chairman)
- Robert A. Ordiway (Vice Chairman)
- Robert O'Leary (Treasurer)
- JoAnne Ryan (Secretary)
- John W. Kowach
- Joseph L. Palumbo
- Karin R. Pfingstler
- John Anke, PNC Bank (Corporate Trustee)
- Pasquale J. Palumbo, M.D. (Trustee Emeritus)
Staff:
- John W. Kowach (Executive Director)
- Mary Rae Kowach
Founder: Antonio J. Palumbo (1906-2002) established the trust with a philosophy centered on youth development and community investment. He passed away on December 16, 2002.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID A RICCHUITO | TRUSTEE | 1 | $2,000 |
| JOHN W KOWACH | TRUSTEE | 1 | $2,000 |
| JOSEPH PALUMBO | TRUSTEE | 1 | $2,000 |
| PNC BANK N A | TRUSTEE | 40 | $177,099 |
| REX KNISLEY | TRUSTEE | 1 | $2,000 |
| ROBERT ORDIWAY | TRUSTEE | 1 | $2,000 |
| ROBERT Y KOPF JR | TRUSTEE | 1 | $2,000 |
| KARIN R PFINGSTLER | TRUSTEE | 1 | $2,000 |
| JOANNE RYAN | TRUSTEE | 1 | $2,000 |
| DONALD W FLEMING | TRUSTEE | 1 | $2,000 |
Contact Information
- Website: www.palumbocharitabletrust.org
- Phone: 724-778-9984
- Address: 500 1st Ave, Pittsburgh, PA 15219-3128
- EIN: 25-6168159
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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