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Also known as: C/O THE SOLARIS GROUP LLC
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The Francis Asbury Palmer Fund is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 1938. The principal officer is Tax Dept United States Trust Co. It holds total assets of $4.9M. Annual income is reported at $2.3M. The foundation is governed by 5 officers and trustees. Foundation distributes income to assist in the maintenance of charitable organizations pursuant to the provisions of incorporation. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. Funding is distributed across 7 states, including New York, Massachusetts, Maryland. According to available records, The Francis Asbury Palmer Fund has made 16 grants totaling $690K, with a median grant of $40K. The foundation has distributed between $335K and $355K annually from 2021 to 2022. Individual grants have ranged from $10K to $65K, with an average award of $43K. The foundation has supported 8 unique organizations. The foundation primarily supports organizations in New York, Illinois, Connecticut, which account for 50% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$40K
Average Grant
$42K
Largest Grant
$65K
Based on 8 grants from the most recent 990-PF filing.
Foundation distributes income to assist in the maintenance of charitable organizations pursuant to the provisions of incorporation
Foundation distributes income to assist in the maintenance of charitable organizations pursuant to the provisions of incorporation. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in NY, IL, CT.
The Francis Asbury Palmer Fund has distributed a total of $690K across 16 grants. The median grant size is $40K, with an average of $43K. Individual grants have ranged from $10K to $65K.
The Francis Asbury Palmer Fund typically selects its grantees rather than accepting unsolicited proposals.
The Francis Asbury Palmer Fund is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Susan K Reed | DIRECTOR | $0 | $0 | N/A |
| Phillip P Mcguigan | DIRECTOR | $0 | $0 | N/A |
| Allison Chisolm Hansen | DIRECTOR | $0 | $0 | N/A |
| Lucy Mcguigan | DIRECTOR | $0 | $0 | N/A |
| Diana L Reed | PRESIDENT | $0 | $0 | N/A |
Total Giving
$365K
Total Assets
$5M
Fair Market Value
$5.2M
Net Worth
$5M
Grants Paid
$275K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$251K
Total: $4.3M
Total Grants
16
Total Giving
$690K
Average Grant
$43K
Median Grant
$40K
Unique Recipients
8
Most Common Grant
$40K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First Presbyterian ChurchOPERATIONAL | Washington, PA | $40K | 2022 |
| Fundacion Amigos De BoqueteOPERATIONAL | Chicago, IL | $65K | 2022 |
| New York Theological SeminaryOPERATIONAL | New York, NY | $60K | 2022 |
| Hartford SeminaryOPERATIONAL | Hartford, CT | $60K | 2022 |
| Union Theological SeminaryOPERATIONAL | New York, NY | $40K | 2022 |
| Community Ministries Of RockvilleOPERATIONAL | Rockville, MD | $40K | 2022 |
| Vanderbilt Divinity SchoolOPERATIONAL | Nashville, TN | $40K | 2022 |
| Central Mass Housing AllianceOPERATIONAL | Worcester, MA | $10K | 2022 |