Palmer Walbridge Foundation
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.
Key facts about Palmer Walbridge Foundation
- EIN
- 01-6174485
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $450,000
- Grants made (2024)
- 20
- Average grant
- $22,500
- Median grant
- $17,500
- New grantees (estimate)
- 10% first-time grantees (2 of 20, 2024)
- Total assets
- $5,453,539
- Primary geography
- Maine (92% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Palmer Walbridge Foundation funds
By grant dollars, the top recipient states for Palmer Walbridge Foundation's 20 itemized 2024 grants were Maine (92%) and Pennsylvania (6%). The most frequent recipient cities were Boothbay HBR, ME (4 grants), Boothbay, ME (3 grants), East Boothbay, ME (2 grants) and Boothbay Harbor, ME (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is Palmer Walbridge Foundation open to new grantees?
10%
first-time grantees, 2024
In 2024, 2 of 20 grantees (10%) were first-time recipients. First grants averaged $18K; repeat grants $23K. How we count
Medians: $18K first-time, $18K repeat.
- 90% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−13%). Method
- In 2024 it paid out 151% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Palmer Walbridge Foundation
- How to evaluate Palmer Walbridge Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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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
Share of all 20 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients 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 |
|---|---|---|
| BIGELOW LABORATORY FOR OCEAN SCIENCES East Boothbay, ME | GENERAL OPERATING | $100,000 |
| COASTAL MAINE BOTANICAL GARDENS INC Boothbay, ME | GENERAL OPERATING | $60,000 |
| BOOTHBAY REGION COMMUNITY RESOURCE COUNC Boothbay HBR, ME | GENERAL OPERATING | $27,000 |
| MIQUON SCHOOL Conshohocken, PA | GENERAL OPERATING | $26,000 |
| ST PHILIPS EPISCOPAL CHURCH HODGE ST Wiscasset, ME | GENERAL OPERATING | $25,000 |
| RIDING TO THE TOP THERAPEUTIC RIDING CEN Windham, ME | GENERAL OPERATING | $25,000 |
| THE OPERA HOUSE AT THE BOOTHBAY HARBOR Boothbay HBR, ME | GENERAL OPERATING | $25,000 |
| MAINE COLLEGE OF ART Portland, ME | GENERAL OPERATING | $24,000 |
| BOOTHBAY REGION LAND TRUST Boothbay Harbor, ME | GENERAL OPERATING | $20,000 |
| MIDCOAST HUMANE SOCIETY Brunswick, ME | GENERAL OPERATING | $20,000 |
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 IRS 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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.