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Also known as: Foundation Inc
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Aldo And Mary Pat Palombo Trustfoundation Inc. is a private corporation based in MARCO ISLAND, FL. The foundation received its IRS ruling in 2007. The principal officer is Aldo A Palombo Jr. It holds total assets of $16K. Annual income is reported at $46K. Total assets have grown from $2K in 2011 to $4K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Florida. According to available records, Aldo And Mary Pat Palombo Trustfoundation Inc. has made 61 grants totaling $164K, with a median grant of $1K. Annual giving has grown from $19K in 2020 to $37K in 2023. Grantmaking activity was highest in 2022 with $90K distributed across 24 grants. Individual grants have ranged from N/A to $23K, with an average award of $3K. The foundation has supported 21 unique organizations. The foundation primarily supports organizations in Florida, District of Columbia, Pennsylvania, which account for 97% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$1K
Average Grant
$4K
Largest Grant
$15K
Based on 12 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Aldo And Mary Pat Palombo Trustfoundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 61 grants. Its grantmaking reaches organizations primarily in FL, DC, PA.
Aldo And Mary Pat Palombo Trustfoundation Inc. has distributed a total of $164K across 61 grants. The median grant size is $1K, with an average of $3K. Individual grants have ranged from N/A to $23K.
Aldo And Mary Pat Palombo Trustfoundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Aldo And Mary Pat Palombo Trustfoundation Inc. is headquartered in MARCO ISLAND, FL. While based in FL, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mary Pat Palombo | Trustee | $0 | $0 | N/A |
| Aldo A Palombo Jr | Trustee | $0 | $0 | N/A |
Total Giving
$38K
Total Assets
$4K
Fair Market Value
$4K
Net Worth
$4K
Grants Paid
$37K
Contributions
$36K
Net Investment Income
$13K
Distribution Amount
N/A
Total Grants
61
Total Giving
$164K
Average Grant
$3K
Median Grant
$1K
Unique Recipients
21
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Shoot Down Kids CancerSupport Cause | Naples, FL | $1K | 2023 |
| Knights Of ColumbusSupport Cause | Marco Island, FL | $500 | 2023 |
| Joy Of GivingSupport Cause | Marco Island, FL | $1K | 2022 |
| Island Co Club Charitable FoundationSupport Cause | Marco Island, FL | $23K | 2023 |
| Marco Island Historical SocietySupport Cause | Marco Island, FL | $5K | 2023 |
| Neighborhood Health ClinicSupport Cause | Naples, FL | $2K | 2023 |
| Marco Island AcademySupport Cause | Marco Island, FL | $2K | 2023 |
| Foundation Fighting BlindnessSupport Cause | Columbia, MD | $1K | 2023 |
| F Troop FoundationSupport Cause | Marco Island, FL | $875 | 2023 |
| Marco Island Boxing ClubSupport Cause | Marco Island, FL | $525 | 2023 |
| Center For Abused Women & ChildSupport Cause | Naples, FL | $500 | 2023 |
| Wounded Warriors ProjectSupport Cause | Tampa, FL | $200 | 2023 |
| Marco Island Police FoundationSupport Cause | Marco Island, FL | N/A | 2023 |
| Marco Island Center For The ArtsSupport Cause | Marco Island, FL | $8K | 2022 |
| Marco Island Fire RescueSupport Cause | Marco Island, FL | $2K | 2022 |
| American Caner Society Of Marco IslandSupport Cause | Marco Island, FL | $2K | 2022 |
| Our Daily Bread Food PantrySupport Cause | Collegeville, PA | $1K | 2022 |
| Georgetown Day SchoolSupport Cause | Washington, DC | $3K | 2020 |
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL