Bob and Leda Palmatter Foundation is a private foundation focused on Education, based in SPRING LAKE, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $17.8M in total assets. In 2024, it awarded 5 grants totaling $796K. Net investment income was $919K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17.8M
+13.4% YoY
Annual Giving
$796K
+48.6% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$159K
+48.6% YoY
Under IRS private-foundation payout rules, Bob and Leda Palmatter Foundation reported a distributable amount of $794K for 2024 — the minimum it must pay out in qualifying distributions.
About Bob and Leda Palmatter Foundation
Based on IRS filings
Bob and Leda Palmatter Foundation is a private foundation focused on Education, based in SPRING LAKE, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $17.8M in total assets. In 2024, it awarded 5 grants totaling $796K. Net investment income was $919K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,834,682 | $15,720,487 | $13,092,692 |
| Revenue | $2,920,697 | $3,171,424 | $4,017,764 |
| Expenses | $806,502 | $543,629 | $415,717 |
| Qualifying Distributions | $796,200 | $535,900 | $405,800 |
| Net Investment Income | $919,003 | $733,424 | $406,574 |
| Distributable Amount | $793,890 | $795,728 | $536,081 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include First Presbyterian Church ($547,000), Luso Brazailian Sda ($100,000), Mosaic Counseling ($80,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LUSO BRAZAILIAN SDA NEWARK, NY | CHARITABLE/RELIGIOUS | $100,000 |
| FIRST PRESBYTERIAN CHURCH GRAND HAVEN, MI | RELIGIOUS | $547,000 |
| MOSAIC COUNSELING GRAND HAVEN, MI | CHARITABLE | $80,000 |
| SAINT JOHN'S EPISCOPAL CHURCH GRAND HAVEN, MI | RELIGIOUS | $19,200 |
| SEVENTH-DAY ADVENTIST CHURCH GRAND HAVEN, MI | RELIGIOUS | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT R PALMATTER | TRUSTEE | 1 | — |
| LEDA PALMATTER | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bob and Leda Palmatter Foundation?
Bob and Leda Palmatter Foundation is a private foundation focused on Education, based in SPRING LAKE, MI. It holds $17.8M in total assets as of 2024.
How large is Bob and Leda Palmatter Foundation?
As of 2024, Bob and Leda Palmatter Foundation holds $17.8M in total assets with $2.9M in annual revenue. It awarded 5 grants totaling $796K in 2024.
Where does Bob and Leda Palmatter Foundation operate?
Bob and Leda Palmatter Foundation has awarded grants in Maryland, Michigan, New York.
What size grants does Bob and Leda Palmatter Foundation award?
In 2024, Bob and Leda Palmatter Foundation awarded 5 grants totaling $796K — an average of about $159K per grant, based on its IRS Form 990 filings.
How much is Bob and Leda Palmatter Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bob and Leda Palmatter Foundation reported a distributable amount of $794K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bob and Leda Palmatter Foundation's EIN?
Bob and Leda Palmatter Foundation's EIN (Employer Identification Number) is 81-4662111. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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