Palmer Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $998K in total assets. In 2024, it awarded 15 grants totaling $62K. Net investment income was $59K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$998K
+3.5% YoY
Annual Giving
$62K
+0.8% YoY
Grant Count
15
+7.1% YoY
Avg Grant Size
$4K
-5.9% YoY
Under IRS private-foundation payout rules, Palmer Family Foundation reported a distributable amount of $49K for 2024 — the minimum it must pay out in qualifying distributions.
About Palmer Family Foundation
Based on IRS filings
Palmer Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $998K in total assets. In 2024, it awarded 15 grants totaling $62K. Net investment income was $59K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2021 |
|---|---|---|---|
| Total Assets | $997,533 | $963,948 | $1,000,004 |
| Revenue | $65,469 | $18,714 | $1,000,004 |
| Expenses | $78,925 | $68,472 | — |
| Qualifying Distributions | $71,369 | $61,000 | — |
| Net Investment Income | $58,954 | $21,394 | $4 |
| Distributable Amount | $48,804 | $46,651 | $2,429 |
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
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Friends of Mobile Animal Shelter ($7,500), A Servants Love Incorporated ($5,000), Camp Corral ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A SERVANTS LOVE INCORPORATED MOBILE, AL | GENERAL | $5,000 |
| AUTISM SPEAKS INC WASHINGTON, DC | GENERAL | $1,000 |
| BIG BROTHERS BIG SISTERS MOBILE, AL | GENERAL | $3,500 |
| CAMP CORRAL RALEIGH, NC | GENERAL | $5,000 |
| DANCE WITHOUT LIMITS FOUNDATION INC MOBILE, AL | GENERAL | $5,000 |
| DISTINGUISHED YOUNG WOMEN FOUNDATION MOBILE, AL | GENERAL | $5,000 |
| FRIENDS OF MOBILE ANIMAL SHELTER MOBILE, AL | GENERAL | $7,500 |
| MAGIC MOMENTS INC BIRMINGHAM, AL | GENERAL | $5,000 |
| MCKEMIE PLACE INC MOBILE, AL | GENERAL | $3,000 |
| PATHWAY TEMPLE CHURCH OF GOD INC MOBILE, AL | GENERAL | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EDWARD ANDERSON | TRUSTEE | 0.5 | — |
| FAYE M OLENSKY | TRUSTEE | 0.25 | — |
| JACOB A PALMER | TRUSTEE | 0.25 | — |
| JARED A PALMER | TRUSTEE | 0.25 | — |
| THERESA RENE PALMER | TRUSTEE | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Palmer Family Foundation?
Palmer Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. It holds $998K in total assets as of 2024.
How large is Palmer Family Foundation?
As of 2024, Palmer Family Foundation holds $998K in total assets with $65K in annual revenue. It awarded 15 grants totaling $62K in 2024.
Where does Palmer Family Foundation operate?
Palmer Family Foundation has awarded grants in Alabama, Arkansas, Arizona, District of Columbia, Mississippi, North Carolina.
What size grants does Palmer Family Foundation award?
In 2024, Palmer Family Foundation awarded 15 grants totaling $62K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Palmer Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Palmer Family Foundation reported a distributable amount of $49K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Palmer Family Foundation's EIN?
Palmer Family Foundation's EIN (Employer Identification Number) is 87-3948746. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Palmer Family 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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