Holly Palmer Foundation

HOLLAND, MI EIN: 92-6362518

Holly Palmer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOLLAND, MI. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $284K in total assets. In 2024, it awarded 15 grants totaling $299K. Net investment income was $2K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$284K

+13.3% YoY

Annual Giving

$299K

Grant Count

15

Avg Grant Size

$20K

Under IRS private-foundation payout rules, Holly Palmer Foundation reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.

About Holly Palmer Foundation

Based on IRS filings

Holly Palmer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOLLAND, MI. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $284K in total assets. In 2024, it awarded 15 grants totaling $299K. Net investment income was $2K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

ChicagoDetroitDrummond IslandGrand HavenHollandLake ForestSaugatuck

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$92K$183K$275K$367K20232024
Metric20242023
Total Assets$283,937$250,534
Revenue$333,278$250,534
Expenses$299,875
Qualifying Distributions$298,900
Net Investment Income$2,303$534
Distributable Amount$13,136$571

Giving Over Time

Total grant dollars and number of grants per year

$0$75K$149K$224K$299K0 grants202315 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

RENEW THERAPEUTIC RIDING…$75KTHE JOFFERY BALLET$50KOX-BOW SCHOOL OF ARTS & …$30KBOYS AND GIRLS CLUB OF H…$25KTHE ARTS CLUB OF CHICAGO$25KCENTER ON HALSTED$20KRAGDALE FOUNDATION$16KART OF LIFE$10KMOSAIC COUNSELING$10KFRIENDS OF DRUMMOND ISLA…$10K

Grant Size Distribution

15 grants across all recorded years

13<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Renew Therapeutic Riding Cneter ($75,000), The Joffery Ballet ($50,000), Ox-bow School of Arts & Artists Res ($30,000).

RecipientPurposeAmount
RENEW THERAPEUTIC RIDING CNETER HOLLAND, MIFUND OPERATIONS$75,000
THE JOFFERY BALLET CHICAGO, ILFUND OPERATIONS$50,000
RAGDALE FOUNDATION LAKE FOREST, ILFUND OPERATIONS$16,400
ART OF LIFE CHICAGO, ILFUND OPERATIONS$10,000
SAIC FASHION COUNCIL CHICAGO, ILFUND OPERATIONS$5,000
ICAA CHICAGO-MIDWEST CHICAGO, ILFUND OPERATIONS$5,000
BOYS AND GIRLS CLUB OF HOLLAND HOLLAND, MIFUND OPERATIONS$25,000
DANIEL MURPHY SCHOLARSHIP FUND CHICAGO, ILFUND OPERATIONS$5,000
OX-BOW SCHOOL OF ARTS & ARTISTS RES SAUGATUCK, MIFUND OPERATIONS$30,000
MOSAIC COUNSELING GRAND HAVEN, MIFUND OPERATIONS$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
LYNN SMITHDIRECTOR2
JASON KALAJAINENDIRECTOR2

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Holly Palmer Foundation?

Holly Palmer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOLLAND, MI. It holds $284K in total assets as of 2024.

How large is Holly Palmer Foundation?

As of 2024, Holly Palmer Foundation holds $284K in total assets with $333K in annual revenue. It awarded 15 grants totaling $299K in 2024.

Where does Holly Palmer Foundation operate?

Holly Palmer Foundation has awarded grants in Illinois, Michigan.

What size grants does Holly Palmer Foundation award?

In 2024, Holly Palmer Foundation awarded 15 grants totaling $299K — an average of about $20K per grant, based on its IRS Form 990 filings.

How much is Holly Palmer Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Holly Palmer Foundation reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Holly Palmer Foundation's EIN?

Holly Palmer Foundation's EIN (Employer Identification Number) is 92-6362518. IRS Form 990 filing data is available on this page for 2023–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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