The mission of the Palma School Foundation is to financially support the educational programs and mission of palma school for the benefit of its students and community consistent with the schools mission to provide young men an excellent college preparatiory education in a roman catholic environment that embraces the essential elements of an edmund rice christian brother education and challenges each individual to develop spiritually, intellectually, morally, physically, and socially.
Key facts about Palma School Foundation
In short: Palma School Foundation gave $2.2M across 1 grant in 2024 (avg $2.2M), mostly in California. Source: 2024 IRS Form 990.
- EIN
- 46-4896381
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $2,176,192
- Grants made (2024)
- 1
- Average grant
- $2,176,192
- Median grant
- $2,176,192
- Total assets
- $2,832,129
- Primary geography
- California (100% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$2.8M
+13.9% YoY
Annual Giving
$2.2M
+140209.0% YoY
Grant Count
1
Avg Grant Size
$2.2M
How Palma School Foundation gives
- Giving grew 8605% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
About Palma School Foundation
Based on IRS filings
Palma School Foundation is a public charity focused on Education, based in Salinas, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 1 grant totaling $2.2M. Net investment income was $126K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $2K (2023) to $2.2M (2024). In 2024 it made 1 grant totaling $2.2M.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Christian Brothers Institute of California DBA Palma School ($2.2M).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Christian Brothers Institute of California DBA Palma School Salinas, CA | Operations Support & Gym Improvements | $2,176,192 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,832,129 | $2,486,871 | $2,304,953 |
| Revenue | $2,592,664 | $292,145 | $587,205 |
| Expenses | $2,253,611 | $110,227 | $21,388 |
| Net Investment Income | $126,433 | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS August 5, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Palma School Foundation is led by Matthew Ottone, President on every filing since 2020; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Matthew Ottone
President
On filings since 2020
2 hrs/week
No compensation reported
Amy Haas
Director
On filings since 2020
1 hr/week
No compensation reported
John McCarthy
Director
On filings since 2020
1 hr/week
No compensation reported
Kim Costa
Director
On filings since 2020
1 hr/week
No compensation reported
Mark Clifton
Director
On filings since 2021
1 hr/week
No compensation reported
John Mazzei
Secretary
On filings since 2020
1 hr/week
No compensation reported
Gina Cochetti
Treasurer
Director → Treasurer, 2024
On filings since 2021
1 hr/week
No compensation reported
Former officers (2)
- Former: Phil Tringali (2020–2023) — Director
- Former: Richard Denier (2021) — Director
Data from IRS Form 990 filings, 2020–2024. "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 Palma School Foundation
How much does Palma School Foundation give each year?
Palma School Foundation gave $2.2M across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it reported $2K in grants paid.
How large is Palma School Foundation?
Palma School Foundation reported $2.8M in total assets on its 2024 IRS Form 990. Its revenue that year was $2.6M.
What is Palma School Foundation?
Palma School Foundation is a public charity focused on Education, based in Salinas, CA. It holds $2.8M in total assets as of 2024.
Where does Palma School Foundation operate?
Palma School Foundation has awarded grants in California.
What is Palma School Foundation's EIN?
Palma School Foundation's EIN (Employer Identification Number) is 46-4896381. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Palma School Foundation by hand.
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