Three Palms Foundation Inc is a private grantmaking foundation based in Naples, Florida. Established in 2018, it operates as a 501(c)(3) charitable organization dedicated to supporting other nonprofit organizations through philanthropic contributions.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$155K
-69.7% YoY
Annual Giving
$355K
+20.4% YoY
Grant Count
14
+55.6% YoY
Avg Grant Size
$25K
-22.6% YoY
Under IRS private-foundation payout rules, Three Palms Foundation Inc reported a distributable amount of $16K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary purpose is to fund charitable contributions and support other 501(c)(3) charities. The foundation does not specify particular subject areas for its funding, maintaining a broad charitable focus.
Grantmaking
The foundation made 17 grants in its most recent fiscal year (ending June 2025). Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation supports communities across multiple states, with primary focus areas including Florida, Illinois, Massachusetts, North Carolina, New York, and Texas. Specific cities served include Athens, Blowing Rock, Bonita Springs, Boone, Charlotte, Cherryville, Dallas, Deerfield, Morganton, Naples, Old Fort, South Holland, Staten Island, Statesville, Waxhaw, and Winchester.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $155,277 (as of June 2025)
Total Giving: $355,250 (2025)
Total Expenses: $360,250 (2025)
Revenue: $3,660 (2025), primarily from investment income and dividends ($3,660)
Total Liabilities: $0 (2025)
Employees: 0
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $155,277 | $511,867 | $818,826 |
| Revenue | $3,660 | $2,324 | $422,602 |
| Expenses | $360,250 | $309,283 | $609,187 |
| Qualifying Distributions | $360,250 | $309,283 | $609,187 |
| Net Investment Income | — | — | $5,940 |
| Distributable Amount | $16,425 | $32,751 | $44,839 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Covenant Church of Naples ($100,000), Rend Lake College Foundation ($100,000), North Suburban Church ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| North Suburban Church Deerfield, IL | charitable contribution | $25,000 |
| Chicagoland Prison Outreach South Holland, IL | charitable contribution | $20,000 |
| Camp Luck Charlotte, NC | charitable contribution | $5,000 |
| Mission Dignity Dallas, TX | charitable contribution | $25,000 |
| Pregnancy Resource Center Bonita Springs, FL | charitable contribution | $25,000 |
| Covenant Church of Naples Naples, FL | charitable contribution | $100,000 |
| Ashe County Advantage Project West Jefferson, NC | Charitable Contribution | $5,000 |
| Project 2 Heal Charlotte, NC | charitable contribution | $5,000 |
| Charlottes Finest Legacy Fund Charlotte, NC | charitable contribution | $5,000 |
| Casting Bread Blowing Rock, NC | charitable contribution | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel include Lee Wyatt, Jaci Wyatt, and Kyle Wyatt, all serving as directors without compensation.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lee Wyatt | Director | 4 | — |
| Jaci Wyatt | Director | 1 | — |
| Kyle Wyatt | Director | 0.5 | — |
Contact Information
219 Seabreeze Avenue Naples, FL 34108-2147
EIN: 82-3283132
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Three Palms Foundation Inc fund?
The foundation's primary purpose is to fund charitable contributions and support other 501(c)(3) charities. The foundation does not specify particular subject areas for its funding, maintaining a broad charitable focus.
How do I apply for a grant from Three Palms Foundation Inc?
The foundation made 17 grants in its most recent fiscal year (ending June 2025). Recent grants include: • Covenant Church of Naples: $100,000 • Rend Lake College Foundation: $100,000 • North Suburban Mennonite Church: $25,000 • Big Life (among additional grantees) The foundation reported total giving of $355,250 in 2025, with total expenses of $360,250.
Where does Three Palms Foundation Inc make grants?
The foundation supports communities across multiple states, with primary focus areas including Florida, Illinois, Massachusetts, North Carolina, New York, and Texas. Specific cities served include Athens, Blowing Rock, Bonita Springs, Boone, Charlotte, Cherryville, Dallas, Deerfield, Morganton, Naples, Old Fort, South Holland, Staten Island, Statesville, Waxhaw, and Winchester.
What size grants does Three Palms Foundation Inc award?
In 2025, Three Palms Foundation Inc awarded 14 grants totaling $355K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is Three Palms Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Three Palms Foundation Inc reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Three Palms Foundation Inc's EIN?
Three Palms Foundation Inc's EIN (Employer Identification Number) is 82-3283132. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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