The Aldo and Mary Pat Palombo Trust
The Aldo and Mary Pat Palombo Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARCO ISLAND, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $16K in total assets. In 2024, it awarded 11 grants totaling $17K. Net investment income was $14K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16K
+300.6% YoY
Annual Giving
$17K
-53.5% YoY
Grant Count
11
-8.3% YoY
Avg Grant Size
$2K
-49.3% YoY
Under IRS private-foundation payout rules, The Aldo and Mary Pat Palombo Trust reported a distributable amount of $26 for 2024 — the minimum it must pay out in qualifying distributions.
About The Aldo and Mary Pat Palombo Trust
Based on IRS filings
The Aldo and Mary Pat Palombo Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARCO ISLAND, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $16K in total assets. In 2024, it awarded 11 grants totaling $17K. Net investment income was $14K.
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 | 2022 |
|---|---|---|---|
| Total Assets | $15,850 | $3,957 | $6,627 |
| Revenue | $44,708 | $48,509 | $85,754 |
| Expenses | $18,160 | $38,113 | $46,112 |
| Qualifying Distributions | $17,499 | $37,067 | $45,538 |
| Net Investment Income | $13,697 | $12,525 | $40,752 |
| Distributable Amount | $26 | $62 | — |
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
60 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Marco Island Historical Society ($10,426), Marco Island Fire Rescue ($1,500), Foundation Fighting Blindness ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Christmas Island Style Marco Island, FL | Support Cause | $325 |
| F Troop Foundation Marco Island, FL | Support Cause | $100 |
| Foundation Fighting Blindness Columbia, MD | Support Cause | $1,000 |
| Island Co Club Charitable Foundation Marco Island, FL | Support Cause | $1,000 |
| Knights of Columbus Marco Island, FL | Support Cause | $500 |
| Marco Island Academy Marco Island, FL | Support Cause | $500 |
| Marco Island Boxing Club Marco Island, FL | Support Cause | $300 |
| Marco Island Fire Rescue Marco Island, FL | Support Cause | $1,500 |
| Marco Island Historical Society Marco Island, FL | Support Cause | $10,426 |
| Marco Island Police Foundation Marco Island, FL | Support Cause | $360 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Aldo A Palombo Jr | Trustee | 2 | — |
| Mary Pat Palombo | Trustee | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Aldo and Mary Pat Palombo Trust?
The Aldo and Mary Pat Palombo Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARCO ISLAND, FL. It holds $16K in total assets as of 2024.
How large is The Aldo and Mary Pat Palombo Trust?
As of 2024, The Aldo and Mary Pat Palombo Trust holds $16K in total assets with $45K in annual revenue. It awarded 11 grants totaling $17K in 2024.
Where does The Aldo and Mary Pat Palombo Trust operate?
The Aldo and Mary Pat Palombo Trust has awarded grants in District of Columbia, Florida, Maryland, Pennsylvania.
What size grants does The Aldo and Mary Pat Palombo Trust award?
In 2024, The Aldo and Mary Pat Palombo Trust awarded 11 grants totaling $17K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Aldo and Mary Pat Palombo Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Aldo and Mary Pat Palombo Trust reported a distributable amount of $26 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Aldo and Mary Pat Palombo Trust's EIN?
The Aldo and Mary Pat Palombo Trust's EIN (Employer Identification Number) is 20-4003467. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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