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Palm Foundation is a private trust based in NEW YORK, NY. The foundation received its IRS ruling in 1994. The principal officer is Goldman Sachs Pfo. It holds total assets of $10.9M. Annual income is reported at $788K. Total assets have grown from $6.9M in 2011 to $10.9M in 2023. The foundation is governed by 4 officers and trustees. The Professor Akinlawon Ladipo Mabogunje Foundation exists to carry forward the vision of Africa's foremost geographer and urban thinker. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. The foundation primarily funds organizations in Nigeria and Ibadan. According to available records, Palm Foundation has made 26 grants totaling $4.3M, with a median grant of $34K. Annual giving has grown from $620K in 2020 to $833K in 2024. Grantmaking activity was highest in 2022 with $1.4M distributed across 8 grants. Individual grants have ranged from $1K to $800K, with an average award of $167K. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in Ohio, Massachusetts, New York, which account for 92% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$36K
Average Grant
$173K
Largest Grant
$608K
Based on 4 grants from the most recent 990-PF filing.
Annual lectures advancing knowledge in geography, urban development, and social sciences.
Prize recognizing excellence in the fields of geography, urban development, and social sciences.
Educational events bringing together scholars and policymakers on sustainable development.
Scholarship programs supporting students in geography and related fields.
The Professor Akinlawon Ladipo Mabogunje Foundation exists to carry forward the vision of Africa's foremost geographer and urban thinker. Based on available records, the foundation has funded 26 grants. Its grantmaking reaches organizations primarily in OH, MA, NY.
Palm Foundation has distributed a total of $4.3M across 26 grants. The median grant size is $34K, with an average of $167K. Individual grants have ranged from $1K to $800K.
Palm Foundation typically selects its grantees rather than accepting unsolicited proposals.
Palm Foundation is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jennifer Palm | TRUSTEE | $0 | $0 | N/A |
| Katherine Palm | TRUSTEE | $0 | $0 | N/A |
| Gregory K Palm | TRUSTEE | $0 | $0 | N/A |
| Susan Rose Palm | TRUSTEE | $0 | $0 | N/A |
Total Giving
$854K
Total Assets
$10.9M
Fair Market Value
$16.5M
Net Worth
$10.6M
Grants Paid
$833K
Contributions
N/A
Net Investment Income
$770K
Distribution Amount
$770K
Total: $274K
Total Grants
26
Total Giving
$4.3M
Average Grant
$167K
Median Grant
$34K
Unique Recipients
10
Most Common Grant
$10K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Fidelity Charitable Gift FundGENERAL CHARITABLE PURPOSES | Cincinnati, OH | $700K | 2024 |
| St Francis Preparatory SchoolGENERAL CHARITABLE PURPOSES | Fresh Meadows, NY | $50K | 2024 |
| Williams CollegeGeneral Charitable Purposes | Williamstown, MA | $38K | 2024 |
| Middlesex SchoolGENERAL CHARITABLE PURPOSES | Concord, MA | $30K | 2024 |
| St Paul'S SchoolGENERAL CHARITABLE PURPOSES | Concord, NH | $15K | 2024 |
| The Buckley SchoolGENERAL CHARITABLE PURPOSES | New York, NY | $10K | 2023 |
| Fidelity Charitable - See Attached ListGENERAL CHARITABLE PURPOSES | Cincinnati, OH | $520K | 2021 |
| Archbishop Molloy High SchoolGeneral Charitable Purposes | Briarwood, NY | $45K | 2020 |
| The St Thomas More Play Group IncGeneral Charitable Purposes | New York, NY | $10K | 2020 |
| Women For Women InternationalGeneral Charitable Purposes | Washington, DC | $1K | 2020 |