Dana Marie Palumbo Memorial Trust
Dana Marie Palumbo Memorial Trust is a private foundation focused on Education, based in Fairport, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $51K in total assets. In 2025, it awarded 1 grant totaling $3K.
Key facts about Dana Marie Palumbo Memorial Trust
In short: Dana Marie Palumbo Memorial Trust gave $3K across 1 grant in 2025 (avg $3K), mostly in New York. Source: 2025 IRS Form 990-PF.
- EIN
- 30-0491167
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $3,000
- Grants made (2025)
- 1
- Average grant
- $3,000
- Median grant
- $3,000
- Total assets
- $51,480
- Primary geography
- New York (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$51K
-0.4% YoY
Annual Giving
$3K
+0.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$3K
+0.0% YoY
Under IRS private-foundation payout rules, Dana Marie Palumbo Memorial Trust reported a distributable amount of $3K for 2025 — the minimum it must pay out in qualifying distributions.
How Dana Marie Palumbo Memorial Trust gives
- Giving held roughly steady from 2022 to 2025 (+15%). Method
- In 2025 it paid out 97% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $2K (2020) to $3K (2025). In 2025 it made 1 grant totaling $3K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Julia Gibson ($3K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Julia Gibson Clarence, NY | Awarded to High School Student to subsidize a portion of the costs to attend college | $3,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $51,480 | $51,671 | $50,892 |
| Revenue | $4,120 | $4,402 | $511 |
| Expenses | $3,609 | $3,631 | $3,010 |
| Qualifying Distributions | $3,000 | $3,000 | $2,500 |
| Net Investment Income | — | — | $631 |
| Distributable Amount | $3,093 | $2,674 | $2,563 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 18, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 1, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 29, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 17, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 24, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Dana Marie Palumbo Memorial Trust's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Eric Palumbo
Trustee
On filings since 2020
No compensation reported
Richard L Grenolds
Trustee
On filings since 2020
0.5 hrs/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 Dana Marie Palumbo Memorial Trust
How much does Dana Marie Palumbo Memorial Trust give each year?
Dana Marie Palumbo Memorial Trust gave $3K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3K across 1 grant.
How large is Dana Marie Palumbo Memorial Trust?
Dana Marie Palumbo Memorial Trust reported $51K in total assets on its 2025 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $3K (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 Dana Marie Palumbo Memorial Trust?
Dana Marie Palumbo Memorial Trust is a private foundation focused on Education, based in Fairport, NY. It holds $51K in total assets as of 2025.
Where does Dana Marie Palumbo Memorial Trust operate?
Dana Marie Palumbo Memorial Trust has awarded grants in New York.
What is Dana Marie Palumbo Memorial Trust's EIN?
Dana Marie Palumbo Memorial Trust's EIN (Employer Identification Number) is 30-0491167. 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.
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