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Frank Loomis Palmer Fund Trust is a private trust based in DALLAS, TX. The foundation received its IRS ruling in 1942. The principal officer is Hartford National Bank & Trust Co. It holds total assets of $33.8M. Annual income is reported at $12.7M. The foundation is governed by 1 officer or trustee. Tax records are available from 2021 to 2024. According to available records, Frank Loomis Palmer Fund Trust has made 4 grants totaling $7.1M, with a median grant of $1.8M. Annual giving has grown from $1.6M in 2021 to $3.7M in 2023. Individual grants have ranged from $1.6M to $1.8M, with an average award of $1.8M. Grant recipients are concentrated in Rhode Island. Contributions to this foundation are tax-deductible.
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.
Frank Loomis Palmer Fund Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in RI.
Frank Loomis Palmer Fund Trust has distributed a total of $7.1M across 4 grants. The median grant size is $1.8M, with an average of $1.8M. Individual grants have ranged from $1.6M to $1.8M.
The application deadline is MAY 15 AND NOVEMBER 15. Online application. An application form is available on the foundation's website.
Frank Loomis Palmer Fund Trust is headquartered in DALLAS, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America | TRUSTEE | $229K | $0 | $229K |
Total Giving
$2.1M
Total Assets
$34.1M
Fair Market Value
$41.9M
Net Worth
$34.1M
Grants Paid
$1.7M
Contributions
N/A
Net Investment Income
$1.5M
Distribution Amount
$1.9M
Total Grants
4
Total Giving
$7.1M
Average Grant
$1.8M
Median Grant
$1.8M
Unique Recipients
1
Most Common Grant
$1.8M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Co Bank Of AmericaUNRESTRICTED GENERAL | Providence, RI | $1.8M | 2023 |