Stacy and Keith Palagye Foundation
The Stacy and Keith Palagye Foundation is a private foundation based in Cleveland, Ohio, established in 2021. The foundation operates as a 501(c)(3) organization with no employees and focuses on philanthropic grantmaking across multiple sectors and geographic regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$42.9M
-2.0% YoY
Annual Giving
$3.0M
-1.5% YoY
Grant Count
33
+3.1% YoY
Avg Grant Size
$90K
-4.5% YoY
Under IRS private-foundation payout rules, Stacy and Keith Palagye Foundation reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grantmaking priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Middle East Studies and Peace Education
- Addiction Recovery and Prevention Services
- Mental Health and Substance Use Treatment
Grantmaking
The foundation made approximately $2.95 million in grants in 2023-2024. Typical grant awards range from $4,000 to $700,000.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated in three primary regions:
- Florida
- Ohio
- New York
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $43,765,791
- Total Revenues: $1,997,600
- Total Expenses: $5,491,139
- Investment Income and Dividends: $598,429
- Net Gain from Sale of Non-Inventory Assets: $1,455,211
As of Most Recent Filing (2024):
- Total Assets: $42,892,683
- Total Giving: $2,954,936
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $42,892,683 | $43,765,791 | $44,445,188 |
| Revenue | $5,205,845 | $1,997,600 | $51,907,793 |
| Expenses | $6,217,394 | $5,491,139 | $3,969,481 |
| Qualifying Distributions | $2,954,936 | $2,999,951 | $2,009,151 |
| Net Investment Income | $4,490,646 | $1,315,717 | $591,410 |
| Distributable Amount | $1,320,072 | $1,345,412 | $1,697,980 |
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
101 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hanley Center Foundation Inc ($700,000), New Israel Fund ($300,000), Jewish Federation of Palm Beach County ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 1909 Foundation West Palm Beach, FL | Project Designated Support | $30,000 |
| American Jewish World Service New York, NY | General Operating Support | $75,000 |
| American Jewish World Service New York, NY | General Operating Support | $50,000 |
| Cajun Navy Relief Inc New Orleans, LA | Project Designated Support | $10,000 |
| Comprehensive Alcoholism Rehabilitation Programs West Palm Beach, FL | General Operating Support | $50,000 |
| Extraordinary Charities Inc West Palm Beach, FL | General Operating Support | $10,000 |
| Hanley Center Foundation Inc West Palm Beach, FL | Project Designated Support | $700,000 |
| Inner City Innovators West Palm Beach, FL | General Operating Support | $100,000 |
| Jewish Federation of Palm Beach County West Palm Beach, FL | General Operating Support | $250,000 |
| Joyful Gathering Spiritual Center of New Jersey In Collingswood, NJ | General Operating Support | $65,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Trustees:
- Bradley S. Smith
- Lavonda D. Napka
Founders/Donors:
- Stacy Mandel Palagye (Tulane University Newcomb College graduate, class of 1983)
- Keith Palagye (former owner of Harold's Coffee Lounge)
Keith Palagye serves on the Board of Directors for Hanley Foundation and the Board of Inner-City Innovators.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRADY J HIVELY | TREASURER | — | — |
| LAVONDA D NAPKA | PRESIDENT & SECRETARY | — | — |
| MARK A MADEJA | ASSISTANT SECRETARY | — | — |
| STEPHEN H HOFFMAN | TRUSTEE | — | — |
| JEHUDA REINHARZ | TRUSTEE | — | — |
| SCOTT S COWEN | TRUSTEE | — | — |
| ADAM B LANGSAM | TRUSTEE | — | — |
| MARK A MADEJA | TRUSTEE | — | — |
Recent News & Activity
Recent developments and announcements
In July 2024, Keith Palagye was appointed to the Board of Directors of Hanley Foundation, joining fellow board member David Ganek. The foundation has pledged $2.5 million toward Hanley's upcoming initiatives.
Palm Beach Insider: Hanley Foundation hosts sold-out crowd for annual ''PalmThe Palagyes support multiple local initiatives in the Palm Beach area, including Gratitude House, The Stacey and Keith Palagye Outreach Center at The Lord's Place, The Mandel-Palagye Education Center at Palm Beach Day Academy, and Comprehensive Alcoholism Rehabilitation Programs (CARP).
Palm Beach Insider: Hanley Foundation hosts sold-out crowd for annual ''PalmSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Stacy and Keith Palagye Foundation fund?
The foundation's grantmaking priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Middle East Studies and Peace Education • Addiction Recovery and Prevention Services • Mental Health and Substance Use Treatment
How do I apply for a grant from Stacy and Keith Palagye Foundation?
**Grant Activity:** The foundation made approximately $2.95 million in grants in 2023-2024. Typical grant awards range from $4,000 to $700,000. **Recent Grants (2023-2024):** • Palm Beach Day Academy: $500,000 (Project Designated Support) • American Friends of Hebrew University: $280,000 (Project Designated Support) • Jewish Federation of Palm Beach County: $250,000 (General Operating Support) • Stoked on Life Palm Beach Corp: $45,000 (Project Designated Support) **Notable Multi-Year Commitment…
Where does Stacy and Keith Palagye Foundation make grants?
The foundation's grantmaking is concentrated in three primary regions: • Florida • Ohio • New York
What size grants does Stacy and Keith Palagye Foundation award?
In 2024, Stacy and Keith Palagye Foundation awarded 33 grants totaling $3.0M — an average of about $90K per grant, based on its IRS Form 990 filings.
How much is Stacy and Keith Palagye Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Stacy and Keith Palagye Foundation reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Stacy and Keith Palagye Foundation's EIN?
Stacy and Keith Palagye Foundation's EIN (Employer Identification Number) is 85-1075075. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Stacy and Keith Palagye 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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