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
Under IRS private-foundation payout rules, Palmer Walbridge Foundation reported a distributable amount of $352K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Bigelow Laboratory for Ocean Sciences ($100,000), Coastal Maine Botanical Gardens Inc ($60,000), Boothbay Region Community Resource Counc ($27,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOOTHBAY REGION AMBULANCE SERVICE BOOTHBAY, ME | GENERAL OPERATING | $15,000 |
| ST PHILIPS EPISCOPAL CHURCH HODGE ST WISCASSET, ME | GENERAL OPERATING | $25,000 |
| BOOTHBAY REGION LAND TRUST BOOTHBAY HARBOR, ME | GENERAL OPERATING | $20,000 |
| MAINE COLLEGE OF ART PORTLAND, ME | GENERAL OPERATING | $24,000 |
| COASTAL MAINE BOTANICAL GARDENS INC BOOTHBAY, ME | GENERAL OPERATING | $60,000 |
| RIDING TO THE TOP THERAPEUTIC RIDING CEN WINDHAM, ME | GENERAL OPERATING | $25,000 |
| MAINE FARMLAND TRUST INC BELFAST, ME | GENERAL OPERATING | $10,000 |
| THE OPERA HOUSE AT THE BOOTHBAY HARBOR BOOTHBAY HBR, ME | GENERAL OPERATING | $25,000 |
| HARBOR THEATER BOOTHBAY HARBOR, ME | GENERAL OPERATING | $15,000 |
| BIGELOW LABORATORY FOR OCEAN SCIENCES EAST BOOTHBAY, ME | GENERAL OPERATING | $100,000 |
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
Frequently Asked Questions
How do I apply for a grant from Palmer Walbridge Foundation?
The foundation makes grants primarily for general operating expenses. Recent grant activity includes: • **Bigelow Laboratory for Ocean Sciences**: $100,000 (2024) • **Coastal Maine Botanical Gardens**: $60,000 (2024) • **The Miquon School**: $26,000 (2024) The foundation made 21 grants in its most recent reporting year. Historical giving data indicates the foundation has provided approximately $450,000 in total grants to home improvement and repairs nonprofits.
Where does Palmer Walbridge Foundation make grants?
The foundation funds organizations across multiple states, with documented grants to organizations in Maine and Pennsylvania.
What size grants does Palmer Walbridge Foundation award?
In 2024, Palmer Walbridge Foundation awarded 20 grants totaling $450K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Palmer Walbridge Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Palmer Walbridge Foundation reported a distributable amount of $352K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Palmer Walbridge Foundation's EIN?
Palmer Walbridge Foundation's EIN (Employer Identification Number) is 01-6174485. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Palmer Walbridge Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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