The Palmer Walbridge Foundation is a private independent foundation designated as a 501(c)(3) organization. Located in Pennington, New Jersey, the foundation has been tax-exempt since September 2002. It operates as a grantmaking foundation focused on philanthropic activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.5M
+1.2% YoY
Annual Giving
$450K
+1.5% YoY
Grant Count
20
-20.0% YoY
Avg Grant Size
$23K
+26.8% YoY
Grantmaking
The foundation makes grants primarily for general operating expenses. Recent grant activity includes:
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Geographic Focus
Where this funder awards grants
The foundation funds organizations across multiple states, with documented grants to organizations in Maine and Pennsylvania.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $5,453,539
- Total Revenues: $654,353
- Total Expenses: $588,268
- Number of Employees: 1
As of December 2023:
- Total Assets: $5.39 million
- Total Revenues: $308,000
- Total Expenses: $584,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,453,539 | $5,389,703 | $5,665,198 |
| Revenue | $654,353 | $307,857 | $763,733 |
| Expenses | $588,268 | $583,755 | $716,255 |
| Qualifying Distributions | $531,444 | $520,584 | $647,870 |
| Net Investment Income | $593,032 | $253,916 | $707,372 |
| Distributable Amount | $351,665 | $324,921 | $338,820 |
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
122 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
R Hoyt Walbridge serves on the Donation Committee with reported compensation of $25,000 as of December 31, 2023.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SUSAN W DAVIES | DONATION COMMITTEE | — | $25,000 |
| DR R HOYT WALBRIDGE | DONATION COMMITTEE | — | $25,000 |
| SARA WALBRIDGE | DONATION COMMITTEE | — | $27,000 |
| BANK OF AMERICA N A | TRUSTEE | 2 | $58,739 |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Stephen J Machuta Scholarship Trust
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Total Given
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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