Palm Beach Community Tr Fund
Palm Beach Community TR Fund is a private foundation based in Saint Louis, Missouri, with assets of $14.8 million. The organization is designated as a 501(c)(3) tax-exempt entity and has been tax-exempt since July 1961. The fund is managed by Wells Fargo Bank N.A., which serves as trustee.
Key facts about Palm Beach Community Tr Fund
- EIN
- 51-0144921
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $916,275
- Grants made (2024)
- 39
- Average grant
- $23,494
- Median grant
- $5,750
- New grantees (estimate)
- 13% first-time grantees (5 of 39, 2024)
- Total assets
- $14,824,816
- Primary geography
- Florida (61% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited applications and operates on an invite-only basis. Full details ↓
Data from IRS Form 990-PF, 2024; updated June 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Palm Beach Community Tr Fund funds
By grant dollars, the top recipient states for Palm Beach Community Tr Fund's 39 itemized 2024 grants were Florida (61%), Ohio (21%) and Texas (12%). The most frequent recipient cities were West Palm Beach, FL (9 grants), Palm Beach Gardens, FL (4 grants), Lake Worth, FL (3 grants) and Palm Beach, FL (2 grants). 74% of grants with a stated purpose were for general or operating support. Recurring purposes include "Scholarship" (10 grants).
Is Palm Beach Community Tr Fund open to new grantees?
13%
first-time grantees, 2024
In 2024, 5 of 39 grantees (13%) were first-time recipients. First grants averaged $8K; repeat grants $26K. How we count
Medians: $4K first-time, $9K repeat.
- 69% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−17%). Method
- In 2024 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Palm Beach Community Tr Fund
- How to evaluate Palm Beach Community Tr Fund as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Palm Beach Community Tr Fund with AI
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- Track this opportunity in a free grant tracker
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.8M
+0.5% YoY
Annual Giving
$916K
+7.7% YoY
Grant Count
39
+5.4% YoY
Avg Grant Size
$23K
+2.2% YoY
Under IRS private-foundation payout rules, Palm Beach Community Tr Fund reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grant-making focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The fund does not specify particular subject areas of focus on its public profile beyond these primary categories.
Grantmaking
Grant Range
$3,000–$69,000
Average Grant
amount varies by reporting source
How to Apply
**
Ready to take the next step with Palm Beach Community Tr Fund?
Geographic Focus
Where this funder awards grants
The foundation supports organizations primarily in:
- Florida
- Ohio
- Texas
- Arkansas
- New Hampshire
Notable cities funded include Palm Beach, West Palm Beach, and Houston.
Grant Distribution by State
Share of all 39 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (2024):
- Total assets: $14,824,816
- Total giving: $916,275
- Annual revenue: $1,230,000
- Annual expenses: $1,170,000
- Total liabilities: $0
- Giving rate: 2.5% of assets
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,824,816 | $14,744,236 | $14,545,889 |
| Revenue | $1,231,007 | $1,321,838 | $618,259 |
| Expenses | $1,169,765 | $1,109,333 | $1,335,282 |
| Qualifying Distributions | $1,013,000 | $955,112 | $1,191,248 |
| Net Investment Income | $1,075,216 | $1,185,817 | $493,242 |
| Distributable Amount | $1,123,088 | $997,398 | $1,017,729 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
190 grants across all recorded years
Open Grants
1 open opportunity from Palm Beach Community Tr Fund
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Colby-Sawyer College ($55,000), Wittenberg College Board of Directors ($55,000), Kenyon College ($55,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COLBY-SAWYER COLLEGE New London, NH | GENERAL OPERATING | $55,000 |
| WITTENBERG COLLEGE BOARD OF DIRECTORS Springfield, OH | GENERAL OPERATING | $55,000 |
| KENYON COLLEGE Gambier, OH | SCHOLARSHIP | $55,000 |
| OBERLIN COLLEGE Oberlin, OH | SCHOLARSHIP | $55,000 |
| FLORIDA SOUTHERN COLLEGE Lakeland, FL | SCHOLARSHIP | $55,000 |
| STETSON UNIVERSITY INC Deland, FL | SCHOLARSHIP | $55,000 |
| ROLLINS COLLEGE Winter Park, FL | SCHOLARSHIP | $55,000 |
| BETHUNE-COOKMAN UNIVERSITY Daytona Beach, FL | SCHOLARSHIP | $55,000 |
| PALM BEACH ATLANTIC UNIVERSITY INC West Palm Beach, FL | SCHOLARSHIP | $55,000 |
| FLAGLER COLLEGE INC St Augustine, FL | SCHOLARSHIP | $55,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Wells Fargo Bank N.A. serves as the trustee and receives compensation for its services.
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Wells Fargo Bank N a | Trustee | 1 | $149,630 |
Frequently Asked Questions
What does Palm Beach Community Tr Fund fund?
The foundation's grant-making focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The fund does not specify particular subject areas of focus on its public profile beyond these primary categories.
How do I apply for a grant from Palm Beach Community Tr Fund?
The foundation does not accept unsolicited applications and operates on an invite-only basis. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Palm Beach Community Tr Fund make grants?
The foundation supports organizations primarily in: • Florida • Ohio • Texas • Arkansas • New Hampshire Notable cities funded include Palm Beach, West Palm Beach, and Houston.
What size grants does Palm Beach Community Tr Fund award?
In 2024, Palm Beach Community Tr Fund awarded 39 grants totaling $916K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Palm Beach Community Tr Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Palm Beach Community Tr Fund reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Palm Beach Community Tr Fund's EIN?
Palm Beach Community Tr Fund's EIN (Employer Identification Number) is 51-0144921. IRS Form 990 filing data is available on this page for 2020–2024.
Does Palm Beach Community Tr Fund accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Explore Open Grants
Browse active grant opportunities in Palm Beach Community Tr Fund's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.