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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8M
+13.9% YoY
Annual Giving
$2.2M
Grant Count
1
Avg Grant Size
$2.2M
About Palma School Foundation
Based on IRS filings
Palma School Foundation is a nonprofit organization 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 grants 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
States
Cities
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 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $126,433 | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Christian Brothers Institute of California Dba Palma School ($2,176,192).
| Recipient | Purpose | Amount |
|---|---|---|
| CHRISTIAN BROTHERS INSTITUTE OF CALIFORNIA DBA PALMA SCHOOL SALINAS, CA | OPERATIONS SUPPORT & GYM IMPROVEMENTS | $2,176,192 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MATTHEW OTTONE | PRESIDENT | 2 | — |
| JOHN MAZZEI | SECRETARY | 1 | — |
| JOHN MCCARTHY | DIRECTOR | 1 | — |
| AMY HAAS | DIRECTOR | 1 | — |
| KIM COSTA | DIRECTOR | 1 | — |
| MARK CLIFTON | DIRECTOR | 1 | — |
| GINA COCHETTI | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Palma School Foundation?
Palma School Foundation is a nonprofit organization focused on Education, based in SALINAS, CA. It holds $2.8M in total assets as of 2024.
How large is Palma School Foundation?
As of 2024, Palma School Foundation holds $2.8M in total assets with $2.6M in annual revenue. It awarded 1 grants totaling $2.2M in 2024.
Where does Palma School Foundation operate?
Palma School Foundation has awarded grants in California.
What size grants does Palma School Foundation award?
In 2024, Palma School Foundation awarded 1 grants totaling $2.2M — an average of about $2.2M per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Palma School Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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