Estes Palmer Foundation

Public charity · Grantmaker East Lansing, MI EIN: 38-6258410

To provide financial assistance to adrian college and asbury theological seminary

Key facts about Estes Palmer Foundation

In short: Estes Palmer Foundation gave $330K across 2 grants in 2025 (avg $165K), mostly in Michigan. Source: 2025 IRS Form 990.

EIN
38-6258410
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$329,528
Grants made (2025)
2
Average grant
$164,764
Median grant
$164,764
Total assets
$8,129,952
Primary geography
Michigan (50% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$8.1M

+4.2% YoY

Annual Giving

$330K

+7.9% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$165K

+7.9% YoY

How Estes Palmer Foundation gives

  • Giving fell 34% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Estes Palmer Foundation

Based on IRS filings

Estes Palmer Foundation is a public charity, based in East Lansing, MI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $8.1M in total assets. In 2025, it awarded 2 grants totaling $330K. Net investment income was $741K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2025 grant dollars across all 2 itemized grants.

Cities

AdrianWilmore

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K2 grants2019 2 grants2020 2 grants2021 2 grants2022 2 grants2023 2 grants2024 2 grants2025

From 2019 to 2025, annual grant giving ranged from $275K (2023) to $502K (2022). In 2025 it made 2 grants totaling $330K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Adrian College: $165KAdrian College$165KAsbury Theological Seminary: $165KAsbury Theological Seminary$165K

The largest 2025 recipient was Adrian College ($165K). Together the top 2 received $330K.

Grant Size Distribution

10 grants across all recorded years

<$50K$50–100K8$100–250K2$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 8 grants of 10 (80%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Adrian College Adrian, MITo provide supported institution with funds for various program expenses and needs$164,764
Asbury Theological Seminary Wilmore, KYTo provide supported institution with funds for various program expenses and needs$164,764

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$8,129,952$7,798,616$7,594,539
Revenue$741,360$584,940$329,720
Expenses$410,024$380,863$360,535
Net Investment Income$740,953$584,940$329,720

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2019 (received by the IRS May 11, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS June 8, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS May 25, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS May 22, 2023)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS March 22, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS March 7, 2025)
  7. Updated Form 990 for fiscal year 2025 (received by the IRS March 13, 2026)
  8. IRS filings on file for fiscal years 2019–2025

Leadership & Key People

Officers and directors from IRS filings

Estes Palmer Foundation is led by Lance R. Lynch, President since 2022 (on filings since 2019); all 5 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Lance R. Lynch

    President

    Vice President → President, 2022

    On filings since 2019

    1 hr/week

    $2K (2019) → $2K (2025)

  • Jeremy Gough

    Director

    On filings since 2022

    1 hr/week

    $2K (2022) → $2K (2025)

  • Mark J. Deluca

    Director

    On filings since 2023

    1 hr/week

    $2K (2023) → $2K (2025)

  • Stephen Serkaian

    Treasurer

    On filings since 2019

    1 hr/week

    $2K (2019) → $2K (2025)

  • Allison M. Buege-Watson

    Vice President & Secretary

    New on the 2025 filing

    1 hr/week

    $2K (2025)

Former officers (3)
  • Former: Allison M. Buege Watson (2019–2024) — Vice President & Secretary
  • Former: Jon H. Reynolds (2019–2022) — Director
  • Former: Richard J. Halik (2019–2021) — President

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Lance R Lynch — President: $2KLance R LynchPresident$2KAllison M Buege-Watson — Vice President & Secretary: $2KAllison M Buege-WatsonVice President & Secretary$2KStephen Serkaian — Treasurer: $2KStephen SerkaianTreasurer$2KJeremy Gough — Director: $2KJeremy GoughDirector$2KMark J Deluca — Director: $2KMark J DelucaDirector$2K

The highest reported compensation on the 2025 filing was $2K, to Lance R Lynch (President). 5 officers or directors reported compensation on that filing.

Frequently asked questions about Estes Palmer Foundation

How much does Estes Palmer Foundation give each year?

Estes Palmer Foundation gave $330K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $305K across 2 grants.

How large is Estes Palmer Foundation?

Estes Palmer Foundation reported $8.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $741K.

Where does Estes Palmer Foundation operate?

Estes Palmer Foundation has awarded grants in Kentucky, Michigan.

What is Estes Palmer Foundation's EIN?

Estes Palmer Foundation's EIN (Employer Identification Number) is 38-6258410. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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