The Peter J Palermo Trust Under Agreement
The Peter J Palermo Trust Under Agreement is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ITHACA, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 3 grants totaling $90K. Net investment income was $266K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.7M
+5.6% YoY
Annual Giving
$90K
+800.0% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$30K
+200.0% YoY
About The Peter J Palermo Trust Under Agreement
Based on IRS filings
The Peter J Palermo Trust Under Agreement is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ITHACA, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 3 grants totaling $90K. Net investment income was $266K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,655,344 | $2,513,450 | $2,521,322 |
| Revenue | $281,907 | $35,675 | $-38,856 |
| Expenses | $117,582 | $72,444 | $87,451 |
| Qualifying Distributions | $91,500 | $49,504 | $51,840 |
| Net Investment Income | $266,039 | $45,471 | $27,550 |
| Distributable Amount | $133,240 | $125,258 | $126,446 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $3,534 |
| TOMPKINS COMMUNITY BANK | TRUSTEE | 1 | $22,001 |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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