The Francis Asbury Palmer Foundation
The Francis Asbury Palmer Foundation is a private foundation focused on Education, based in New York, NY. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $4.9M in total assets. In 2025, it awarded 7 grants totaling $415K. Net investment income was $590K.
The Francis Asbury Palmer Foundation at a glance
In short: The Francis Asbury Palmer Foundation gave $415K across 7 grants in 2025 (avg $59K), top state Maryland. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $415,000
- +40.7% vs 2024
- Grants made (2025)
- 7
- +0.0% vs 2024
- Average grant
- $59,286
- +40.7% vs 2024
- Median grant
- $65,000
- Total assets
- $4,939,457
- +3.5% vs 2024
- Primary geography
- Maryland (19% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Francis Asbury Palmer Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Community Reach of Montgomery County Inc ($80K). Together the top 7 received $415K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 24 grants of 37 (65%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How The Francis Asbury Palmer Foundation gives
- Giving held roughly steady from 2022 to 2025 (+17%). Method
- In 2025 it paid out 157% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $275K (2023) to $415K (2025). In 2025 it made 7 grants totaling $415K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Reach of Montgomery County Inc Rockville, MD | Unrestricted Grant to Support the Organization's Exempt Purpose | $80,000 |
| Union Theological Seminary New York, NY | Unrestricted Grant to Support the Organization's Exempt Purpose | $80,000 |
| Vanderbilt University Nashville, TN | Unrestricted Grant to Support the Organization's Exempt Purpose | $80,000 |
| Fundacion Amigos De Boquete Chicago, IL | Unrestricted Grant to Support the Organization's Exempt Purpose | $65,000 |
| Hartford International University Hartford, CT | Unrestricted Grant to Support the Organization's Exempt Purpose | $60,000 |
| First Presbyterian Church Washington, PA | Unrestricted Grant to Support the Organization's Exempt Purpose | $40,000 |
| Central Massachusetts Housing Alliance Worcester, MA | Unrestricted Grant to Support the Organization's Exempt Purpose | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,939,457 | $649,127 | $482,931 | $415,000 | 7 | $423,421 | $589,617 | $269,473 |
| 2024 | $4,773,261 | $118,051 | $339,073 | $295,000 | 7 | $298,235 | $77,213 | $259,173 |
| 2023 | $4,995,600 | $75,976 | $365,328 | $275,000 | 7 | $278,824 | — | $251,085 |
| 2022 | $5,284,952 | $623,260 | $408,243 | $355,000 | 8 | $368,002 | $583,019 | $310,027 |
| 2021 | $5,069,919 | $247,753 | $419,062 | $335,000 | 8 | — | $181,316 | $287,666 |
Under IRS private-foundation payout rules, The Francis Asbury Palmer Foundation reported a distributable amount of $269K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Francis Asbury Palmer Foundation is led by Diana L. Reed, President on every filing since 2021; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Diana L. Reed
President
On filings since 2021
0.1 hrs/week
No compensation reported
Allison Chisolm Hansen
Director
On filings since 2021
0.1 hrs/week
No compensation reported
Phillip P. McGuigan
Director
On filings since 2021
0.1 hrs/week
No compensation reported
Susan K. Reed
Director
On filings since 2021
0.1 hrs/week
No compensation reported
Lucy McGuigan
Director
On filings since 2022
0.1 hrs/week
No compensation reported
Former officers (1)
- Former: E. Gayle McGuigan Jr. (2021) — Director
Data from IRS Form 990 filings, 2021–2025. "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 Francis Asbury Palmer Foundation
How much does The Francis Asbury Palmer Foundation give each year?
The Francis Asbury Palmer Foundation gave $415K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $295K across 7 grants.
What is The Francis Asbury Palmer Foundation's typical grant size?
The Francis Asbury Palmer Foundation's median grant in 2025 was $65,000, and its average grant was $59,286, across 7 grants on its 2025 IRS Form 990-PF.
Where does The Francis Asbury Palmer Foundation give grants?
The Francis Asbury Palmer Foundation's top state is Maryland, with 19% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New York (19%) and Tennessee (19%).
Does The Francis Asbury Palmer Foundation give general operating support?
Yes: 100% of The Francis Asbury Palmer Foundation's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Francis Asbury Palmer Foundation's largest grantees?
The Francis Asbury Palmer Foundation's largest 2025 grantees include Community Reach of Montgomery County Inc ($80,000), Union Theological Seminary ($80,000) and Vanderbilt University ($80,000), according to its 2025 IRS Form 990-PF. Together they received 58% of its itemized 2025 grant dollars.
How large is The Francis Asbury Palmer Foundation?
The Francis Asbury Palmer Foundation reported $4.9M in total assets on its 2025 IRS Form 990-PF. It paid out $423K in qualifying distributions that year, against a required minimum of $269K (roughly 5% of its investment assets).
What is The Francis Asbury Palmer Foundation?
The Francis Asbury Palmer Foundation is a private foundation focused on Education, based in New York, NY. It holds $4.9M in total assets as of 2025.
What is The Francis Asbury Palmer Foundation's EIN?
The Francis Asbury Palmer Foundation's EIN (Employer Identification Number) is 13-6400635. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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