The Foundation for the Church of the Palms Presbyt

SARASOTA, FL EIN: 59-2434393

TO RECEIVE AND ADMINISTER GIFTS AND DONATIONS OF FUNDS AND PROPERTY AND INCOME GENERATED THEREFROM FOR CERTAIN GENERAL MISSION BENEVOLENCES, CAPITAL IMPROVEMENTS FOR THE CHURCH AND DIRECTLY RELATED FACILITIES. ALL FUNDS SHALL BE USED FOR PURPOSES PERMITTED UNDER SECTION 501(C)(3)

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$9.3M

+4.7% YoY

Annual Giving

$320K

+5.9% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$53K

-29.4% YoY

About The Foundation for the Church of the Palms Presbyt

Based on IRS filings

The Foundation for the Church of the Palms Presbyt is a nonprofit organization, based in SARASOTA, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.3M in total assets. In 2024, it awarded 6 grants totaling $320K. Net investment income was $1.0M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $1.5M (100%)

States

Florida

Cities

Sarasota

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$9,298,649	$8,882,830	$8,121,720
Revenue	$1,035,993	$627,159	$529,338
Expenses	$416,455	$418,491	$390,251
Qualifying Distributions	—	—	—
Net Investment Income	$1,030,743	$551,677	$154,948
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

25 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Parking Lot Reserve ($125,000), Faith and Society Speakers ($100,000), Samaritan Counseling ($35,000).

Recipient	Purpose	Amount
FAITH AND SOCIETY SPEAKERS SARASOTA, FL	PROGRAMS	$100,000
LEADERSHIOP DEVELOPMENT SARASOTA, FL	PROGRAMS	$25,000
HONDURAS EYE CLINIC SARASOTA, FL	PROGRAMS	$20,000
HURRICANE RECOVERY SARASOTA, FL	PROGRAMS	$15,000
PARKING LOT RESERVE SARASOTA, FL	PROGRAMS	$125,000
SAMARITAN COUNSELING SARASOTA, FL	PROGRAMS	$35,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ANDREA JACKSON	TREASURER	1	—
KITTY CRANOR	DIRECTOR	1	—
JOHN HARKEY	DIRECTOR	1	—
DAVID WEST	PRESIDENT	1	—
DIMITRIOS VAFEAS	DIRECTOR	1	—
CHRIS BONNET	DIRECTOR	1	—
MATTHEW STRAEB	DIRECTOR	1	—

Frequently Asked Questions

How large is The Foundation for the Church of the Palms Presbyt?

As of 2024, The Foundation for the Church of the Palms Presbyt holds $9.3M in total assets with $1.0M in annual revenue. It awarded 6 grants totaling $320K in 2024.

Where does The Foundation for the Church of the Palms Presbyt operate?

The Foundation for the Church of the Palms Presbyt has awarded grants in Florida.

What size grants does The Foundation for the Church of the Palms Presbyt award?

In 2024, The Foundation for the Church of the Palms Presbyt awarded 6 grants totaling $320K — an average of about $53K per grant, based on its IRS Form 990 filings.

What is The Foundation for the Church of the Palms Presbyt's EIN?

The Foundation for the Church of the Palms Presbyt's EIN (Employer Identification Number) is 59-2434393. IRS Form 990 filing data is available on this page for 2020–2024.