Palmer Charitable Trust Melvin & Mary
Palmer Charitable Trust Melvin & Mary is a private foundation, based in Chicago, IL. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $1.9M in total assets. In 2026, it awarded 6 grants totaling $126K. Net investment income was $277K.
Palmer Charitable Trust Melvin & Mary at a glance
In short: Palmer Charitable Trust Melvin & Mary gave $126K across 6 grants in 2026 (avg $21K), mostly in Wisconsin. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $125,843
- +13.3% vs 2025
- Grants made (2026)
- 6
- +0.0% vs 2025
- Average grant
- $20,974
- +13.3% vs 2025
- Median grant
- $19,575
- Total assets
- $1,926,353
- +7.3% vs 2025
- Primary geography
- Wisconsin (89% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Palmer Charitable Trust Melvin & Mary funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2026
The largest 2026 recipient was Beloit Health System Foundation Inc ($35K). Together the top 6 received $126K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 30 grants of 30 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 6 itemized grants.
Cities
How Palmer Charitable Trust Melvin & Mary gives
- Giving held roughly steady from 2023 to 2026 (−3%). Method
- In 2026 it paid out 95% 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 2021 to 2026, annual grant giving ranged from $105K (2021) to $129K (2023). In 2026 it made 6 grants totaling $126K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Beloit Health System Foundation Inc Beloit, WI | Program Support | $34,959 |
| United Way Blackhawk Region Janesville, WI | Program Support | $34,959 |
| Stateline Community Foundation Beloit, WI | Program Support | $25,169 |
| University of Wisconsin Foundation Madison, WI | Program Support | $13,981 |
| Mayo Clinic Rochester, MN | Program Support | $13,981 |
| First Congregational Church Beloit, WI | Program Support | $2,794 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,926,353 | $295,075 | $163,038 | $125,843 | 6 | $143,077 | $277,424 | $150,694 |
| 2025 | $1,794,609 | $189,082 | $147,845 | $111,078 | 6 | $127,373 | $172,540 | $142,139 |
| 2024 | $1,753,460 | $193,908 | $141,835 | $112,486 | 6 | $126,449 | $178,759 | $125,040 |
| 2023 | $1,701,632 | $88,417 | $159,405 | $129,480 | 6 | $142,765 | $74,870 | $125,772 |
| 2022 | $1,773,127 | $149,166 | $138,882 | $108,504 | 6 | $123,237 | $132,957 | $144,214 |
| 2021 | $1,762,995 | $56,355 | $132,248 | $105,040 | 6 | — | $43,257 | $120,905 |
Under IRS private-foundation payout rules, Palmer Charitable Trust Melvin & Mary reported a distributable amount of $151K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Palmer Charitable Trust Melvin & Mary's only listed officer is BMO Bank N A, Trustee on every filing since 2024 (compensated).
Officers on the 2026 filing
BMO Bank N A
Trustee
On filings since 2024
1 hr/week
$28K (2024) → $34K (2026)
Former officers (1)
- Former: BMO Harris Bank N A (2021–2023) — Trustee
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $34K, to BMO Bank N a (Trustee).
Frequently asked questions about Palmer Charitable Trust Melvin & Mary
How much does Palmer Charitable Trust Melvin & Mary give each year?
Palmer Charitable Trust Melvin & Mary gave $126K across 6 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $111K across 6 grants.
What is Palmer Charitable Trust Melvin & Mary's typical grant size?
Palmer Charitable Trust Melvin & Mary's median grant in 2026 was $19,575, and its average grant was $20,974, across 6 grants on its 2026 IRS Form 990-PF.
Where does Palmer Charitable Trust Melvin & Mary give grants?
Palmer Charitable Trust Melvin & Mary gives mostly in Wisconsin: 89% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest state was Minnesota (11%). The most frequent recipient cities were Beloit, WI (3 grants).
Does Palmer Charitable Trust Melvin & Mary give general operating support?
Not in 2026: none of the 6 grants with a stated purpose on Palmer Charitable Trust Melvin & Mary's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (6 grants).
Who are Palmer Charitable Trust Melvin & Mary's largest grantees?
Palmer Charitable Trust Melvin & Mary's largest 2026 grantees include Beloit Health System Foundation Inc ($34,959), United Way Blackhawk Region ($34,959) and Stateline Community Foundation ($25,169), according to its 2026 IRS Form 990-PF. Together they received 76% of its itemized 2026 grant dollars.
How large is Palmer Charitable Trust Melvin & Mary?
Palmer Charitable Trust Melvin & Mary reported $1.9M in total assets on its 2026 IRS Form 990-PF. It paid out $143K in qualifying distributions that year, against a required minimum of $151K (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.
What is Palmer Charitable Trust Melvin & Mary's EIN?
Palmer Charitable Trust Melvin & Mary's EIN (Employer Identification Number) is 20-6875950. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS May 21, 2026)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Palmer Charitable Trust Melvin & Mary funds
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