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Melvin & Mary Palmer Charitable Trust is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 2006. The principal officer is Marshall And Ilsley Trust Co Na. It holds total assets of $1.8M. Annual income is reported at $354K. The foundation is governed by 1 officer or trustee. 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 2019 to 2024. The foundation primarily funds organizations in Wisconsin and Minnesota. According to available records, Melvin & Mary Palmer Charitable Trust has made 24 grants totaling $456K, with a median grant of $18K. The foundation has distributed between $105K and $129K annually from 2021 to 2024. Grantmaking activity was highest in 2023 with $129K distributed across 6 grants. Individual grants have ranged from $2K to $36K, with an average award of $19K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Wisconsin and Minnesota. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$16K
Average Grant
$18K
Largest Grant
$29K
Based on 6 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.
Melvin & Mary Palmer Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 24 grants. Its grantmaking reaches organizations primarily in WI, MN.
Melvin & Mary Palmer Charitable Trust has distributed a total of $456K across 24 grants. The median grant size is $18K, with an average of $19K. Individual grants have ranged from $2K to $36K.
Melvin & Mary Palmer Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Melvin & Mary Palmer Charitable Trust is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bmo Bank N A | TRUSTEE | $28K | $0 | $28K |
Total Giving
$142K
Total Assets
$1.8M
Fair Market Value
$2.8M
Net Worth
$1.8M
Grants Paid
$112K
Contributions
N/A
Net Investment Income
$179K
Distribution Amount
$125K
Total: $1.6M
Total Grants
24
Total Giving
$456K
Average Grant
$19K
Median Grant
$18K
Unique Recipients
6
Most Common Grant
$12K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First Congregational ChurchPROGRAM SUPPORT | Beloit, WI | $2K | 2024 |
| United Way Blackhawk RegionPROGRAM SUPPORT | Janesville, WI | $31K | 2024 |
| Beloit Health System Foundation IncPROGRAM SUPPORT | Beloit, WI | $31K | 2024 |
| Stateline Community FoundationPROGRAM SUPPORT | Beloit, WI | $22K | 2024 |
| University Of Wisconsin FoundationPROGRAM SUPPORT | Madison, WI | $12K | 2024 |
| Mayo ClinicPROGRAM SUPPORT | Rochester, MN | $12K | 2024 |