The Palermo Foundation
The Palermo Foundation is a Garden City, New York–based small public charity that supports fertility research. Its stated work includes research, education, and awareness related to reproductive health and fertility treatments.
The Palermo Foundation at a glance
- Total assets
- $263,073
- +56.6% vs 2023
- Revenue (2024)
- $1,547
- -92.3% vs 2023
- Expenses (2024)
- $19,138
- +68.2% vs 2023
- Latest 990 filing
- Form 990 filing, 2024 View filing
Data from IRS Form 990 filing, 2024; updated October 2026.
How to apply to The Palermo Foundation
- Contact
Mailing address: Co Boutzalis 377 Oak Street 407, Garden City, NY 11530
Phone: (516) 338-5099
Website: https://palermofoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Palermo Foundation funds
How this funder distributes its grants
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
The Foundation is based in Garden City, New York. The listed 2022 recipients include organizations in Hampton Bays and New York, New York, as well as Stonington, Connecticut. These examples identify recipient locations but do not establish a geographic restriction.
Grant Distribution by State
Cities
How The Palermo Foundation gives
- In 2022 it paid out 123% 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
In 2022 it made 18 grants totaling $6K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Southfork Natural History Museum & Nature Center Bridgehampton, NY | Educational | $1,100 |
| Asrm Birmingham, AL | Educational | $1,000 |
| The Ellen Hermanson Foundation East Hampton, NY | Educational | $750 |
| The Church Sag Harbor, NY | Educational | $666 |
| Southampton Fresh Air Home Southampton, NY | Educational | $500 |
| Night of Hope McLean, VA | Educational | $500 |
| Southhampton History Museum Southampton, NY | Educational | $300 |
| CP Extension New York, NY | Educational | $250 |
| I-Tri Spring Auction Party Sag Harbor, NY | Educational | $207 |
| Shelter Island Fireworks Shelter Island, NY | Educational | $200 |
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Financial History
Multi-year comparison from IRS filings
The filing type is Form 990-EZ (a small public charity).
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $263,073 | $1,547 | $19,138 | — | — | — | — | — |
| 2023 | $168,010 | $20,123 | $11,379 | — | — | — | — | — |
| 2022 | $136,758 | $5,332 | $13,219 | $6,208 | 18 | $7,434 | — | $6,063 |
| 2021 | $296,031 | $47,167 | $10,361 | — | — | $909 | $34,681 | $6,690 |
| 2020 | $213,936 | $51,587 | $3,771 | — | — | — | $47,764 | $3,116 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Foundation states that its mission is to provide funding for fertility research. Its 2024 filing describes a program focused on finding new technologies for fertility treatments and increasing availability and awareness among the medical community and the general public. The Foundation’s website highlights research in reproductive biology and grants to help young investigators launch projects or contribute to ongoing research.
The organizations listed as 2022 grantees include a range of missions. Our Fabulous Variety Show Inc. describes its work as providing performance and educational opportunities and community programming in theater, dance, and music. The Coast Guard Foundation Inc. says it supports Coast Guard members through education, morale, wellness, and recognition programs, and supports Coast Guard spouses and children. Sag Harbor Song Festival Inc. describes its mission as promoting appreciation and understanding of musical arts, particularly opera, through an annual concert song festival.
Grantmaking
The Foundation reported 18 grants totaling $6,208 in 2022. It reported no grants in 2023 or 2024. The 2022 total divided across 18 grants is an average of about $345 per grant.
Among the listed 2022 awards, Our Fabulous Variety Show Inc. received $200, the Coast Guard Foundation Inc. received two grants of $100 and $75, and Sag Harbor Song Festival Inc. received $75.
The Foundation’s website says it aims to offer grants supporting young investigators, but the available information does not describe an application process, required materials, or eligibility restrictions.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Gianpiero Palermo, MD, as president; Anna Boutzalis, CPA, as treasurer; and Rocco Iacoviello, Esq., as secretary. The Foundation’s website identifies Dr. Gianpiero D. Palermo as its founder.
The Palermo Foundation is led by Gianpiero D. Palermo MD, President since 2023 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gianpiero D. Palermo MD
President
Director & President → President, 2023
On filings since 2020
10 hrs/week
No compensation reported
Anna M. Boutzalis CPA
Treasurer
Director & Treasurer → Treasurer, 2023
On filings since 2020
No compensation reported
Rocco Iacoviello Esq.
Secretary
Director, Vice President & Secretary → Secretary, 2023
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Palermo Foundation
How large is The Palermo Foundation?
The Palermo Foundation reported $263K in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $2K.
What does The Palermo Foundation fund?
The Foundation states that its mission is to provide funding for fertility research. Its 2024 filing describes a program focused on finding new technologies for fertility treatments and increasing availability and awareness among the medical community and the general public. See mission & focus areas ↑
How do I apply for a grant from The Palermo Foundation?
The Palermo Foundation has no public application process in the sources Grantable reviewed. Check palermofoundation.org for current guidelines, or contact the foundation directly before submitting a request.
Where does The Palermo Foundation make grants?
The Foundation is based in Garden City, New York. The listed 2022 recipients include organizations in Hampton Bays and New York, New York, as well as Stonington, Connecticut. These examples identify recipient locations but do not establish a geographic restriction.
What is The Palermo Foundation's EIN?
The Palermo Foundation's EIN (Employer Identification Number) is 02-0548845. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
Live grants for the work The Palermo Foundation funds
Diseases, Disorders & Medical Disciplines Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Palermo Foundation's focus areas in our free grants database
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