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Palmer Walbridge Foundation Trust is a private corporation based in PENNINGTON, NJ. The foundation received its IRS ruling in 2002. The principal officer is Merrill Lynch Trust Co Fsb. It holds total assets of $5.5M. Annual income is reported at $4.8M. Total assets have grown from $2.8M in 2011 to $5.4M in 2023. The foundation is governed by 4 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 2020 to 2023. Grantmaking is concentrated in Maine. According to available records, Palmer Walbridge Foundation Trust has made 133 grants totaling $2.6M, with a median grant of $15K. The foundation has distributed between $443K and $1.1M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $1.1M distributed across 62 grants. Individual grants have ranged from $1K to $96K, with an average award of $19K. The foundation has supported 41 unique organizations. The foundation primarily supports organizations in Maine, Pennsylvania, Missouri, which account for 92% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$12K
Average Grant
$22K
Largest Grant
$96K
Based on 21 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.
Palmer Walbridge Foundation Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 133 grants. Its grantmaking reaches organizations primarily in ME, PA, MO.
Palmer Walbridge Foundation Trust has distributed a total of $2.6M across 133 grants. The median grant size is $15K, with an average of $19K. Individual grants have ranged from $1K to $96K.
Palmer Walbridge Foundation Trust typically selects its grantees rather than accepting unsolicited proposals.
Palmer Walbridge Foundation Trust is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America N A | TRUSTEE | $60K | $0 | $60K |
| Sara Walbridge | DONATION COMMITTEE | $25K | $0 | $25K |
| Dr R Hoyt Walbridge | DONATION COMMITTEE | $25K | $0 | $25K |
| Susan W Davies | DONATION COMMITTEE | $25K | $0 | $25K |
Total Giving
$584K
Total Assets
$5.4M
Fair Market Value
$7M
Net Worth
$5.4M
Grants Paid
$443K
Contributions
N/A
Net Investment Income
$254K
Distribution Amount
$325K
Total: $5.1M
Total Grants
133
Total Giving
$2.6M
Average Grant
$19K
Median Grant
$15K
Unique Recipients
41
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bigelow Laboratory For Ocean SciencesGENERAL OPERATING | East Boothbay, ME | $75K | 2023 |
| Boothbay Sea And Science CenterGENERAL OPERATING | East Boothbay, ME | $45K | 2023 |
| Coastal Maine Botanical Gardens IncGENERAL OPERATING | Boothbay, ME | $43K | 2023 |
| The Opera House At The Boothbay HarborGENERAL OPERATING | Boothbay Hbr, ME | $27K | 2023 |
| Riding To The Top Therapeutic Riding CenGENERAL OPERATING | Windham, ME | $21K | 2023 |
| Maine College Of ArtGENERAL OPERATING | Portland, ME | $20K | 2023 |
| Special Olympics MaineGENERAL OPERATING | S Portland, ME | $20K | 2023 |
| Boothbay Region Food PantryGENERAL OPERATING | East Boothbay, ME | $20K | 2023 |
| Midcoast Humane SocietyGENERAL OPERATING | Brunswick, ME | $20K | 2023 |
| Boothbay Region Land TrustGENERAL OPERATING | Boothbay Harbor, ME | $18K | 2023 |
| Harbor TheaterGENERAL OPERATING | Boothbay Harbor, ME | $18K | 2023 |
| Southern Maine Community College FoundatGENERAL OPERATING | S Portland, ME | $18K | 2023 |
| Boothbay Region Community Resource CouncGENERAL OPERATING | Boothbay Hbr, ME | $15K | 2023 |
| Boothbay Region Student Aid Fund IncGENERAL OPERATING | Boothbay, ME | $10K | 2023 |
| Boothbay Harbor Waterfront PreservationGENERAL OPERATING | Boothbay Hbr, ME | $10K | 2023 |
| Finding Our VoicesGENERAL OPERATING | Camden, ME | $10K | 2023 |
| Boothbay Region Maritime FoundationGENERAL OPERATING | Boothbay Hbr, ME | $10K | 2023 |
| Boothbay Region Ambulance ServiceGENERAL OPERATING | Boothbay, ME | $10K | 2023 |
| New Hope For WomenGENERAL OPERATING | Rockland, ME | $8K | 2023 |
| St Louis Public Schools FoundationGENERAL OPERATING | Saint Louis, MO | $6K | 2023 |
| Monhegan Associates IncGENERAL OPERATING | Oakland, CA | $5K | 2023 |
| Boothbay Region YmcaGENERAL OPERATING | Boothbay Hbr, ME | $5K | 2023 |
| Miquon SchoolGENERAL OPERATING | Conshohocken, PA | $4K | 2023 |
| Boothbay Region Historical SocietyGENERAL OPERATING | Boothbay Hbr, ME | $4K | 2023 |
| Commonwealth School IncGENERAL OPERATING | Boston, MA | $1K | 2023 |
| Boothbay Region Health Care IncGENERAL OPERATING | Boothbay Harbor, ME | $51K | 2022 |
| Rebuilding Togetherlincoln CountyGENERAL OPERATING | Boothbay Hbr, ME | $28K | 2022 |
| Maine Special OlympicsGENERAL OPERATING | S Portland, ME | $20K | 2022 |