The Chris & Yvette Palermo Family Foundation Inc
The Chris & Yvette Palermo Family Foundation Inc is a private foundation based in Boca Raton, Florida. It reported 14 grants totaling $66,805 in 2024, supporting charitable organizations that include local basic-needs, education, child-welfare, and health organizations.
The Chris & Yvette Palermo Family Foundation Inc at a glance
In short: The Chris & Yvette Palermo Family Foundation Inc gave $67K across 14 grants in 2024 (avg $5K), mostly in Florida. 43% of 2024 grantees were new. Source: 2024 IRS Form 990 filing.
- Annual giving (2024)
- $66,805
- -9.0% vs 2023
- Grants made (2024)
- 14
- +0.0% vs 2023
- Average grant
- $4,772
- -9.0% vs 2023
- Median grant
- $2,750
- Total assets
- $808,098
- -6.3% vs 2023
- New grantees (estimate)
- 43% first-time grantees (6 of 14, 2024; small sample)
- Primary geography
- Florida (90% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990 filing, 2024 View filing
Data from IRS Form 990 filing, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Chris & Yvette Palermo Family Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 583 Ne Spanish Trail, Boca Raton, FL 33432
Phone: (561) 654-7075
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Chris & Yvette Palermo Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Boca Helping Hands ($16K). Together the top 10 received $64K.
Grant Size Distribution
41 grants across all recorded years
The most common grant size was under $50K: 41 grants of 41 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 90% of grant dollars went to organizations in Florida. The remaining grant dollars went to organizations in Montana (4%), Massachusetts (2%), Delaware (2%), and Georgia (1%).
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
States
Cities
Is The Chris & Yvette Palermo Family Foundation Inc open to new grantees?
43%
first-time grantees, 2024
In 2024, 6 of 14 grantees (43%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $2K; repeat grants $7K. How we count
Medians: $2K first-time, $5K repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- In 2022 it paid out 54% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2022–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $26K (2022) to $73K (2023). In 2024 it made 14 grants totaling $67K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boca Helping Hands Boca Raton, FL | BHH is a ciommunity based nonprofitthat provides food, medical and financial assistanceto meet basic human needs. | $16,100 |
| George Snow Scholarship Fund Boca Raton, FL | Supports the costs of the Fund | $15,000 |
| Place of Hope West Palm Beach, FL | Rescuing abused and neglected children | $10,000 |
| One Hundred Black Men of South Florida Miami, FL | Improve the quality of life of communities and enhance educational and economic opportunities for all African Americans | $5,000 |
| Boca Regional Hospital Boca Raton, FL | Supporting costs of the not-for- profithospital. | $5,000 |
| North Broward Hosp Pompano Beach, FL | Supports the costsof the hospital | $5,000 |
| American Heart Association Fort Lauderdale, FL | Supports the costs of for the cause | $3,000 |
| Montana State University Hillel Bozeman, MT | Supports the costs of hillel | $2,500 |
| Malden Catholic High School Malden, MA | Supports the costs of the high school | $1,545 |
| Impact 100 Plam Beach County Inc Boca Raton, FL | Gathers women from across the community to pool their giving into grants across 5 broadareas - arts and culture, education,enviroment | $1,100 |
Ready to take the next step with The Chris & Yvette Palermo Family Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $808,098 | $22,150 | $76,619 | $66,805 | 14 | — | — | — |
| 2023 | $862,567 | $13,738 | $82,868 | $73,449 | 14 | — | — | — |
| 2022 | $931,697 | $-36,609 | $31,696 | $25,525 | 13 | $25,525 | $12,151 | $47,399 |
| 2021 | $1,000,002 | $1,000,000 | — | — | — | — | $2 | — |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations whose work included meeting basic needs, providing scholarships and student support, caring for children and families, mentorship, and health-related causes. For example, Boca Helping Hands describes its mission as providing food, medical and financial assistance, as well as education and job training; the George Snow Scholarship Fund describes its work as providing personalized scholarships and support services. Place of Hope says it provides a stable and loving environment for children and families, while One Hundred Black Men of South Florida describes programs in education, health and wellness, economic empowerment, and mentoring.
Grantmaking
In 2024, the foundation gave $66,805 through 14 grants. Grant amounts ranged from $5 to $16,100, with a median grant of $2,750.
The largest grants included $16,100 to Boca Helping Hands, $15,000 to the George Snow Scholarship Fund, and $10,000 to Place of Hope. Other notable grants were $5,000 each to One Hundred Black Men of South Florida, Boca Regional Hospital, and North Broward Hospital, and $3,000 to the American Heart Association.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Salvatore C Palermo as president, Yvette L Palermo as vice president, and Alexa N Palermo as secretary.
The Chris & Yvette Palermo Family Foundation Inc is led by Salvatore C. Palermo, President on every filing since 2021; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Salvatore C. Palermo
President
On filings since 2021
1 hr/week
No compensation reported
Alexa N. Palermo
Secretary
On filings since 2021
1 hr/week
No compensation reported
Yvette L. Palermo
Vice President
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 Chris & Yvette Palermo Family Foundation Inc
How much does The Chris & Yvette Palermo Family Foundation Inc give each year?
The Chris & Yvette Palermo Family Foundation Inc gave $67K across 14 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $73K across 14 grants.
What is The Chris & Yvette Palermo Family Foundation Inc's typical grant size?
The Chris & Yvette Palermo Family Foundation Inc's median grant in 2024 was $2,750, and its average grant was $4,772, across 14 grants on its 2024 IRS Form 990 filing. Organizations receiving their first grant from The Chris & Yvette Palermo Family Foundation Inc that year got $2K on average.
Where does The Chris & Yvette Palermo Family Foundation Inc give grants?
The Chris & Yvette Palermo Family Foundation Inc gives mostly in Florida: 90% of the grant dollars itemized on its 2024 IRS Form 990 filing went to recipients there. The most frequent recipient cities were Boca Raton, FL (4 grants) and Bozeman, MT (2 grants).
Does The Chris & Yvette Palermo Family Foundation Inc give general operating support?
Not in 2024: none of the 14 grants with a stated purpose on The Chris & Yvette Palermo Family Foundation Inc's 2024 IRS Form 990 filing were described as general or operating support.
Who are The Chris & Yvette Palermo Family Foundation Inc's largest grantees?
The Chris & Yvette Palermo Family Foundation Inc's largest 2024 grantees include Boca Helping Hands ($16,100), George Snow Scholarship Fund ($15,000) and Place of Hope ($10,000), according to its 2024 IRS Form 990 filing. Together they received 62% of its itemized 2024 grant dollars.
How large is The Chris & Yvette Palermo Family Foundation Inc?
The Chris & Yvette Palermo Family Foundation Inc reported $808K in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $22K.
What does The Chris & Yvette Palermo Family Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations whose work included meeting basic needs, providing scholarships and student support, caring for children and families, mentorship, and health-related causes. See mission & focus areas ↑
How do I apply for a grant from The Chris & Yvette Palermo Family Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Chris & Yvette Palermo Family Foundation Inc's EIN?
The Chris & Yvette Palermo Family Foundation Inc's EIN (Employer Identification Number) is 87-4024681. IRS Form 990 filing data is available on this page for 2021–2024.
Does The Chris & Yvette Palermo Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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Cite this profile
Grantable. (2026). The Chris & Yvette Palermo Family Foundation Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/the-chris-and-yvette-palermo-family-foundation-inc-morg_40f868213b954f9f97ab7787aa94b7c1
BibTeX
@misc{grantable_874024681_2026,
author = {{Grantable}},
title = {{The Chris \& Yvette Palermo Family Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-chris-and-yvette-palermo-family-foundation-inc-morg_40f868213b954f9f97ab7787aa94b7c1},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Chris & Yvette Palermo Family Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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