The Palm Tree Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATHERTON, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.0M in total assets. In 2024, it awarded 9 grants totaling $243K. Net investment income was $235K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.0M
-1.1% YoY
Annual Giving
$243K
-11.1% YoY
Grant Count
9
+12.5% YoY
Avg Grant Size
$27K
-21.0% YoY
Under IRS private-foundation payout rules, The Palm Tree Foundation reported a distributable amount of $210K for 2024 — the minimum it must pay out in qualifying distributions.
About The Palm Tree Foundation
Based on IRS filings
The Palm Tree Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATHERTON, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.0M in total assets. In 2024, it awarded 9 grants totaling $243K. Net investment income was $235K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,996,486 | $4,039,011 | $4,113,806 |
| Revenue | $248,730 | $201,353 | $190,153 |
| Expenses | $276,830 | $293,536 | $296,197 |
| Qualifying Distributions | $262,936 | $276,229 | $277,808 |
| Net Investment Income | $234,836 | $184,046 | $171,764 |
| Distributable Amount | $210,053 | $202,859 | $214,745 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Persimmon Foundation Jewish Community Foundation ($210,000), Filoli ($11,000), Michael J Fox Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN FRIENDS OF MAGEN DAVID ADOM NEW YORK, NY | GENERAL OPERATING SUPPORT | $2,500 |
| FILOLI WOODSIDE, CA | GENERAL OPERATING SUPPORT | $11,000 |
| OSHMAN FAMILY JCC PALO ALTO, CA | GENERAL OPERATING SUPPORT | $3,696 |
| PERSIMMON FOUNDATION JEWISH COMMUNITY FOUNDATION SAN FRANCISCO, CA | GENERAL OPERATING SUPPORT | $210,000 |
| GIVEBUTTER SHALEM SCHOOL PALO ALTO, CA | GENERAL OPERATING SUPPORT | $1,864 |
| FOUNDATION FOR JEWISH CAMP NEW YORK, NY | GENERAL OPERATING SUPPORT | $720 |
| CHABAD OF GREATER SOUTH BAY PALO ALTO, CA | GENERAL OPERATING SUPPORT | $540 |
| FHDA FOUNDATION LOS ALTOLS HILLS, CA | GENERAL OPERATING SUPPORT | $2,500 |
| MICHAEL J FOX FOUNDATION NEW YORK, NY | GENERAL OPERATING SUPPORT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LEV J LEYTES | PRESIDENT | 4 | — |
| GALINA I LEYTES | CFO/SEC | 16 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Palm Tree Foundation?
The Palm Tree Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATHERTON, CA. It holds $4.0M in total assets as of 2024.
How large is The Palm Tree Foundation?
As of 2024, The Palm Tree Foundation holds $4.0M in total assets with $249K in annual revenue. It awarded 9 grants totaling $243K in 2024.
Where does The Palm Tree Foundation operate?
The Palm Tree Foundation has awarded grants in California, District of Columbia, New York, Ohio, Pennsylvania.
What size grants does The Palm Tree Foundation award?
In 2024, The Palm Tree Foundation awarded 9 grants totaling $243K — an average of about $27K per grant, based on its IRS Form 990 filings.
How much is The Palm Tree Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Palm Tree Foundation reported a distributable amount of $210K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Palm Tree Foundation's EIN?
The Palm Tree Foundation's EIN (Employer Identification Number) is 94-3387977. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Palm Tree Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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