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Tom & Shirley Palmer Family Foundation is a private corporation based in JOHNSON CITY, TN. The foundation received its IRS ruling in 2008. The principal officer is Thomas D Palmer. It holds total assets of $339K. Annual income is reported at $81K. 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 2017 to 2023. According to available records, Tom & Shirley Palmer Family Foundation has made 35 grants totaling $216K, with a median grant of $5K. Annual giving has grown from $23K in 2020 to $45K in 2023. Grantmaking activity was highest in 2022 with $115K distributed across 20 grants. Individual grants have ranged from $500 to $18K, with an average award of $6K. The foundation has supported 15 unique organizations. The foundation primarily supports organizations in Tennessee, North Carolina, Virginia, which account for 89% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
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.
Tom & Shirley Palmer Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 35 grants. Its grantmaking reaches organizations primarily in TN, NC, VA.
Tom & Shirley Palmer Family Foundation has distributed a total of $216K across 35 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $500 to $18K.
Tom & Shirley Palmer Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Tom & Shirley Palmer Family Foundation is headquartered in JOHNSON CITY, TN. While based in TN, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Thomas D Palmer | Member | $0 | $0 | N/A |
Total Giving
$61K
Total Assets
$297K
Fair Market Value
$297K
Net Worth
$297K
Grants Paid
$45K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
35
Total Giving
$216K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
15
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First United Methodist ChurchChurch | Johnson City, TN | $6K | 2023 |
| Brother'S KeeperCharitable | Johnson City, TN | $3K | 2023 |
| Doe River Gorge MinistriesChildren Ministry | Hampton, TN | $12K | 2023 |
| Fairview Community CenterCommunity Outreach | Johnson City, TN | $10K | 2023 |
| Families Involved Serving Humanity IncCharitable | Kingsport, TN | $8K | 2023 |
| Rise Up For KidsCharitable | Johnson City, TN | $5K | 2023 |
| Rye Cove High SchoolCharitable | Duffield, VA | $3K | 2023 |
| Samaritan'S PurseCharitable | Boone, NC | $10K | 2022 |
| Bethany InternationalCharitable | Bloomington, MN | $5K | 2022 |
| Ballad HealthCharitable | Johnson City, TN | $1K | 2022 |
| Fellowship In Serving HumanityCharitable | Anchorage, AK | $1K | 2022 |
| Cassidy United Methodist ChurchCharitable | Kingsport, TN | $500 | 2022 |
| Summit Leadership FoundationCharitable Planning | Johnson City, TN | $3K | 2021 |
| Rise UpCharitable | Johnson City, TN | $3K | 2021 |
| Carson Newman UniversityCharitable | Jefferson City, TN | $1K | 2021 |
UNION CITY, TN
CHATTANOOGA, TN
NASHVILLE, TN