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Bob And Leda Palmatter Foundation is a private corporation based in SPRING LAKE, MI. The foundation received its IRS ruling in 2022. It holds total assets of $17.8M. Annual income is reported at $2.9M. Total assets have grown from $9.5M in 2021 to $15.7M in 2023. The foundation is governed by 2 officers and trustees. The foundation makes direct cash contributions to various religious, charitable, and educational organizations. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Michigan and Maryland. According to available records, Bob And Leda Palmatter Foundation has made 17 grants totaling $1.1M, with a median grant of $21K. Annual giving has grown from $292K in 2021 to $812K in 2022. Individual grants have ranged from $2K to $260K, with an average award of $65K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Michigan and Maryland. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$18K
Average Grant
$58K
Largest Grant
$244K
Based on 5 grants from the most recent 990-PF filing.
The foundation makes direct cash contributions to various religious, charitable, and educational organizations
The foundation makes direct cash contributions to various religious, charitable, and educational organizations. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in MI, MD.
Bob And Leda Palmatter Foundation has distributed a total of $1.1M across 17 grants. The median grant size is $21K, with an average of $65K. Individual grants have ranged from $2K to $260K.
Bob And Leda Palmatter Foundation typically selects its grantees rather than accepting unsolicited proposals.
Bob And Leda Palmatter Foundation is headquartered in SPRING LAKE, MI. While based in MI, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert R Palmatter | TRUSTEE | $0 | $0 | N/A |
| Leda Palmatter | TRUSTEE | $0 | $0 | N/A |
Total Giving
$544K
Total Assets
$15.7M
Fair Market Value
$15.3M
Net Worth
$15.7M
Grants Paid
$536K
Contributions
$2.4M
Net Investment Income
$733K
Distribution Amount
$796K
Total: $15.5M
Total Grants
17
Total Giving
$1.1M
Average Grant
$65K
Median Grant
$21K
Unique Recipients
6
Most Common Grant
$2K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First Presbyterian ChurchRELIGIOUS | Grand Haven, MI | $260K | 2022 |
| Adra InternationalCHARITABLE/RELIGIOUS | Silver Spring, MD | $80K | 2022 |
| Saint John'S Episcopal ChurchRELIGIOUS | Grand Haven, MI | $23K | 2022 |
| Seventh-Day Adventist ChurchRELIGIOUS | Grand Haven, MI | $21K | 2022 |
| Mosaic CounselingCHARITABLE | Grand Haven, MI | $20K | 2022 |
| Women'S Division Chamber Of CommerceCHARITABLE | Muskegon, MI | $2K | 2022 |