Palm Foundation
Palm Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $11.5M in total assets. In 2025, it awarded 2 grants totaling $688K. Net investment income was $1.7M.
Palm Foundation at a glance
In short: Palm Foundation gave $688K across 2 grants in 2025 (avg $344K), mostly in Ohio. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $687,500
- -17.4% vs 2024
- Grants made (2025)
- 2
- -60.0% vs 2024
- Average grant
- $343,750
- +106.5% vs 2024
- Median grant
- $343,750
- Total assets
- $11,549,591
- +6.4% vs 2024
- Primary geography
- Ohio (95% 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 Palm Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Fidelity Charitable Gift Fund ($650K). Together the top 2 received $688K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 11 grants of 18 (61%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Palm Foundation gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 76% 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 $620K (2020) to $873K (2023). In 2025 it made 2 grants totaling $688K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Charitable Gift Fund Cincinnati, OH | General Charitable Purposes | $650,000 |
| Williams College Williamstown, MA | General Charitable Purposes | $37,500 |
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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 | $11,549,591 | $1,678,115 | $722,500 | $687,500 | 2 | $687,500 | $1,678,115 | $905,801 |
| 2024 | $10,852,276 | $773,130 | $853,978 | $832,500 | 5 | $833,250 | $770,402 | $770,415 |
| 2023 | $10,674,824 | $495,533 | $896,393 | $872,500 | 4 | $873,250 | $492,390 | $755,066 |
| 2022 | $11,075,684 | $1,041,366 | $710,453 | $690,000 | 4 | $690,750 | $1,026,663 | $831,554 |
| 2021 | $10,744,771 | $864,077 | $636,926 | $630,243 | 3 | — | $858,144 | $682,921 |
| 2020 | $10,022,102 | $865,878 | $632,463 | $620,171 | 6 | — | $864,336 | $629,470 |
Under IRS private-foundation payout rules, Palm Foundation reported a distributable amount of $906K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Palm Foundation's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gregory K. Palm
Trustee
On filings since 2020
1 hr/week
No compensation reported
Jennifer Palm
Trustee
On filings since 2020
1 hr/week
No compensation reported
Katherine Palm
Trustee
On filings since 2020
1 hr/week
No compensation reported
Susan Rose Palm
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 Palm Foundation
How much does Palm Foundation give each year?
Palm Foundation gave $688K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $833K across 5 grants.
How large is Palm Foundation?
Palm Foundation reported $11.5M in total assets on its 2025 IRS Form 990-PF. It paid out $688K in qualifying distributions that year, against a required minimum of $906K (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.
Where does Palm Foundation operate?
Palm Foundation has awarded grants in District of Columbia, Massachusetts, New Hampshire, New York, Ohio.
What is Palm Foundation's EIN?
Palm Foundation's EIN (Employer Identification Number) is 13-3748059. 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 February 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS December 17, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 10, 2026)
- IRS filings on file for fiscal years 2020–2025
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Figures come from Palm Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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