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Sam And Mary Palumbo Family Foundation is a private corporation based in HILLSIDE, IL. The foundation received its IRS ruling in 2008. The principal officer is Jeffrey Narcisi. It holds total assets of $3.8M. Annual income is reported at $590K. Total assets have grown from $1.1M in 2011 to $3.8M in 2024. The foundation is governed by 6 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2024. The foundation primarily funds organizations in Illinois and Iowa. According to available records, Sam And Mary Palumbo Family Foundation has made 89 grants totaling $757K, with a median grant of $8K. The foundation has distributed between $227K and $287K annually from 2020 to 2022. Individual grants have ranged from $1K to $34K, with an average award of $9K. The foundation has supported 58 unique organizations. The foundation primarily supports organizations in Illinois, Iowa, District of Columbia, which account for 71% of all grants. Grantmaking reaches organizations across 18 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$8K
Average Grant
$9K
Largest Grant
$30K
Based on 27 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.
Sam And Mary Palumbo Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 89 grants. Its grantmaking reaches organizations primarily in IL, IA, DC.
Sam And Mary Palumbo Family Foundation has distributed a total of $757K across 89 grants. The median grant size is $8K, with an average of $9K. Individual grants have ranged from $1K to $34K.
The application deadline is We only accept application from January 1 - March 31st for the current year's scholarships.. Applicants must have a GPA of 3.0 or higher, an annual adjusted gross family income of $61,500 or less, and residence in Illinois' Cook, Dupage, Kane, Lake, or Will counties for at least six months. Click here to view current eligibility requirements. An application form is available on the foundation's website.
Sam And Mary Palumbo Family Foundation is headquartered in HILLSIDE, IL. While based in IL, the foundation distributes grants to organizations across 18 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Donald Aleo | DIRECTOR | $0 | $0 | N/A |
| Kaitlyn Palumbo | DIRECTOR | $0 | $0 | N/A |
| Mary Palumbo | PRESIDENT | $0 | $0 | N/A |
| Paul Longi | DIRECTOR | $0 | $0 | N/A |
| Samantha Palumbo | DIRECTOR | $0 | $0 | N/A |
| Jessica Palumbo | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$3.8M
Fair Market Value
N/A
Net Worth
$3.8M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
89
Total Giving
$757K
Average Grant
$9K
Median Grant
$8K
Unique Recipients
58
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Elmhurst CollegeSCHOLARSHIP | Elmhurst, IL | $15K | 2022 |
| Michigan StateSCHOLARSHIP | West Lansing, MI | $15K | 2022 |
| University Of IllinoisSCHOLARSHIP | Champaign, IL | $15K | 2022 |
| Boston CollegeSCHOLARSHIP | Chestnut Hill, MA | $13K | 2022 |
| Ray Graham AssociationGENERAL | Lisle, IL | $12K | 2022 |
| Loyola University Medical CenterGENERAL | Maywood, IL | $10K | 2022 |
| Adult & Teen ChallengeGENERAL | Chicago, IL | $10K | 2022 |
| Loyola Marymount UniversitySCHOLARSHIP | Los Angeles, CA | $10K | 2022 |
| Concordia University - WisconsinSCHOLARSHIP | Maquon, WI | $10K | 2022 |
| University Of IowaSCHOLARSHIP | Iowa City, IA | $10K | 2022 |
| Loyola UniversitySCHOLARSHIP | Chicago, IL | $10K | 2022 |
| Augustana CollegeSCHOLARSHIP | Rock Island, IL | $10K | 2022 |
| Turning Pointe Autism FoundationGENERAL | Naperville, IL | $10K | 2022 |
| Depaul UniversitySCHOLARSHIP | Carol Stream, IL | $8K | 2022 |
| City College Of New YorkSCHOLARSHIP | New York, NY | $5K | 2022 |
| Northwestern UniversitySCHOLARSHIP | Evanston, IL | $5K | 2022 |
| Iowa State UniversitySCHOLARSHIP | Ames, IA | $5K | 2022 |
| Howard UniversitySCHOLARSHIP | Allendale, DC | $5K | 2022 |
| Grand Valley State UniversitySCHOLARSHIP | Washington, MI | $5K | 2022 |
| Illinois State UniversitySCHOLARSHIP | Normal, IL | $5K | 2022 |
| Northern Illinois UniversitySCHOLARSHIP | Dekalb, IL | $5K | 2022 |
| Columbian Club Of ChicagoSCHOLARSHIP | Roselle, IL | $5K | 2022 |
| Rochester Institute Of TechnologySCHOLARSHIP | Rochester, NY | $5K | 2022 |
| Souther University A & M CollegeSCHOLARSHIP | Baton Rouge, LA | $5K | 2022 |
| Georgetown UniversitySCHOLARSHIP | Washington, DC | $5K | 2022 |
| Wheaton CollegeSCHOLARSHIP | Wheaton, IL | $5K | 2022 |
| Marquette UniversitySCHOLARSHIP | Milwaukee, WI | $5K | 2022 |
| Macalester CollegeSCHOLARSHIP | St Paul, MN | $5K | 2022 |
| Tuckers Beauty CollegeSCHOLARSHIP | Hammond, IN | $5K | 2022 |
| North Central CollegeSCHOLARSHIP | Naperville, IL | $2K | 2022 |
| University Of Southern CaliforniaSCHOLARSHIP | Los Angeles, CA | $2K | 2022 |
| Waubonsee Community CollegeSCHOLARSHIP | Sugar Grove, IL | $2K | 2022 |
| University Of Illinois At Urbana ChampaignScholarship | Champaign, IL | $34K | 2021 |
| Christ The King Jesuit College PrepScholarship | Chicago, IL | $25K | 2021 |
| Bear Necessities PcfiGeneral | Chicago, IL | $19K | 2021 |
| University Of Nebraska-LincolnScholarship | Lincoln, NE | $10K | 2021 |