The Aldo and Mary Pat Palombo Trustfoundation Inc
The Aldo and Mary Pat Palombo Trustfoundation Inc is a private foundation, based in Marco Island, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $11K in total assets. In 2025, it awarded 8 grants totaling $20K. Net investment income was $27K.
Key facts about The Aldo and Mary Pat Palombo Trustfoundation Inc
In short: The Aldo and Mary Pat Palombo Trustfoundation Inc gave $20K across 8 grants in 2025 (avg $2K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- EIN
- 20-4003467
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $19,575
- Grants made (2025)
- 8
- Average grant
- $2,447
- Median grant
- $750
- Total assets
- $10,566
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated October 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$11K
-33.3% YoY
Annual Giving
$20K
+15.1% YoY
Grant Count
8
-27.3% YoY
Avg Grant Size
$2K
+58.2% YoY
How The Aldo and Mary Pat Palombo Trustfoundation Inc gives
- Giving fell 57% from 2022 to 2025. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $17K (2024) to $45K (2022). In 2025 it made 8 grants totaling $20K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Marco Island Center for the Arts ($10K). Together the top 8 received $20K.
Grant Size Distribution
54 grants across all recorded years
The most common grant size was under $50K: 54 grants of 54 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Marco Island Center for the Arts Marco Island, FL | Support Cause | $10,175 |
| Marco Island Historical Society Marco Island, FL | Support Cause | $5,500 |
| Marco Island Police Foundation Marco Island, FL | Support Cause | $1,100 |
| Marco Island Meals of Hope Naples, FL | Support Cause | $1,000 |
| Knights of Columbus Marco Island, FL | Support Cause | $500 |
| Miracles In Action Naples, FL | Support Cause | $500 |
| Neighborhood Health Clinic Naples, FL | Support Cause | $500 |
| Marco Island Boxing Club Marco Island, FL | Support Cause | $300 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $10,566 | $15,850 | $3,957 |
| Revenue | $48,682 | $44,708 | $48,509 |
| Expenses | $20,765 | $18,160 | $38,113 |
| Qualifying Distributions | $20,075 | $17,499 | $37,067 |
| Net Investment Income | $27,459 | $13,697 | $12,525 |
| Distributable Amount | — | $26 | $62 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 19, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 18, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
Leadership & Key People
Officers and directors from IRS filings
The Aldo and Mary Pat Palombo Trustfoundation Inc's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Aldo A Palombo Jr.
Trustee
On filings since 2019
2 hrs/week
No compensation reported
Mary Pat Palombo
Trustee
On filings since 2019
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Aldo and Mary Pat Palombo Trustfoundation Inc
How much does The Aldo and Mary Pat Palombo Trustfoundation Inc give each year?
The Aldo and Mary Pat Palombo Trustfoundation Inc gave $20K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $17K across 11 grants.
What is The Aldo and Mary Pat Palombo Trustfoundation Inc's typical grant size?
The Aldo and Mary Pat Palombo Trustfoundation Inc's median grant in 2025 was $750, and its average grant was $2,447, across 8 grants on its 2025 IRS Form 990-PF.
Where does The Aldo and Mary Pat Palombo Trustfoundation Inc give grants?
The Aldo and Mary Pat Palombo Trustfoundation Inc gives mostly in Florida: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Marco Island, FL (5 grants) and Naples, FL (3 grants).
Does The Aldo and Mary Pat Palombo Trustfoundation Inc give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on The Aldo and Mary Pat Palombo Trustfoundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support Cause" (8 grants).
Who are The Aldo and Mary Pat Palombo Trustfoundation Inc's largest grantees?
The Aldo and Mary Pat Palombo Trustfoundation Inc's largest 2025 grantees include Marco Island Center for the Arts ($10,175), Marco Island Historical Society ($5,500) and Marco Island Police Foundation ($1,100), according to its 2025 IRS Form 990-PF. Together they received 86% of its itemized 2025 grant dollars.
How large is The Aldo and Mary Pat Palombo Trustfoundation Inc?
The Aldo and Mary Pat Palombo Trustfoundation Inc reported $11K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $49K.
What is The Aldo and Mary Pat Palombo Trustfoundation Inc's EIN?
The Aldo and Mary Pat Palombo Trustfoundation Inc's EIN (Employer Identification Number) is 20-4003467. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Aldo and Mary Pat Palombo Trustfoundation Inc by hand.
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