Bob and Leda Palmatter Foundation
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 2025. As of 2025, the organization holds $20.9M in total assets. In 2025, it awarded 5 grants totaling $663K. Net investment income was $1.1M.
Bob and Leda Palmatter Foundation at a glance
In short: Bob and Leda Palmatter Foundation gave $663K across 5 grants in 2025 (avg $133K), mostly in Michigan. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $662,800
- -16.8% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $132,560
- -16.8% vs 2024
- Median grant
- $50,000
- Total assets
- $20,865,012
- +17.0% vs 2024
- Primary geography
- Michigan (92% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Bob and Leda Palmatter Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was First Presbyterian Church ($450K). Together the top 5 received $663K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 12 grants of 26 (46%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Bob and Leda Palmatter Foundation gives
- Giving grew 63% from 2022 to 2025. Method
- In 2025 it paid out 70% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $160K (2020) to $796K (2024). In 2025 it made 5 grants totaling $663K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Presbyterian Church Grand Haven, MI | Religious | $449,500 |
| Seventh-Day Adventist Church Grand Haven, MI | Religious | $100,000 |
| Adventist Development and Relief Agency Silver Springs, MD | Religious | $50,000 |
| Mosaic Counseling Grand Haven, MI | Charitable | $40,000 |
| Saint John's Episcopal Church Grand Haven, MI | Religious | $23,300 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $20,865,012 | $3,220,114 | $689,784 | $662,800 | 5 | $662,800 | $1,096,593 | $947,911 |
| 2024 | $17,834,682 | $2,920,697 | $806,502 | $796,200 | 5 | $796,200 | $919,003 | $793,890 |
| 2023 | $15,720,487 | $3,171,424 | $543,629 | $535,900 | 5 | $535,900 | $733,424 | $665,154 |
| 2022 | $13,092,692 | $4,017,764 | $415,717 | $405,800 | 6 | $405,800 | $406,574 | $536,081 |
| 2021 | $9,490,645 | $3,228,449 | $295,372 | $292,000 | 5 | $292,000 | $280,949 | $405,729 |
| 2020 | $6,557,568 | $1,373,503 | $163,156 | $159,800 | 4 | — | $251,503 | $300,725 |
Under IRS private-foundation payout rules, Bob and Leda Palmatter Foundation reported a distributable amount of $948K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Bob and Leda Palmatter Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Leda Palmatter
Trustee
On filings since 2020
1 hr/week
No compensation reported
Robert R. Palmatter
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Bob and Leda Palmatter Foundation
How much does Bob and Leda Palmatter Foundation give each year?
Bob and Leda Palmatter Foundation gave $663K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $796K across 5 grants.
What is Bob and Leda Palmatter Foundation's typical grant size?
Bob and Leda Palmatter Foundation's median grant in 2025 was $50,000, and its average grant was $132,560, across 5 grants on its 2025 IRS Form 990-PF.
Where does Bob and Leda Palmatter Foundation give grants?
Bob and Leda Palmatter Foundation gives mostly in Michigan: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Maryland (8%). The most frequent recipient cities were Grand Haven, MI (4 grants).
Does Bob and Leda Palmatter Foundation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Bob and Leda Palmatter Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Religious" (4 grants).
Who are Bob and Leda Palmatter Foundation's largest grantees?
Bob and Leda Palmatter Foundation's largest 2025 grantees include First Presbyterian Church ($449,500), Seventh-Day Adventist Church ($100,000) and Adventist Development and Relief Agency ($50,000), according to its 2025 IRS Form 990-PF. Together they received 90% of its itemized 2025 grant dollars.
How large is Bob and Leda Palmatter Foundation?
Bob and Leda Palmatter Foundation reported $20.9M in total assets on its 2025 IRS Form 990-PF. It paid out $663K in qualifying distributions that year, against a required minimum of $948K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 $20.9M in total assets as of 2025.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS December 17, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS December 16, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 11, 2026)
- IRS filings on file for fiscal years 2020–2025
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