The Francis Asbury Palmer Fund
- Assets
- $5.3m
- Revenue
- $623.3k
- Investments
- $5.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1938
- Data as of
- 04/2022
- EIN
- 13-6400635
Organization Overview
The Francis Asbury Palmer Fund is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Francis Asbury Palmer Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2022, Francis Asbury Palmer Fund generated $623.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.9% each year . All expenses for the organization totaled $408.2k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Francis Asbury Palmer Fund has awarded 62 individual grants totaling $2,530,833. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION DISTRIBUTES INCOME TO ASSIST IN THE MAINTENANCE OF CHARITABLE ORGANIZATIONS PURSUANT TO THE PROVISIONS OF INCORPORATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan K Reed Director | 0 | $0 | |
Lucy Mcguigan Director | 0 | $0 | |
Diana L Reed President | 0 | $0 | |
Phillip P Mcguigan Director | 0 | $0 | |
Allison Chisolm Hansen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $67,556 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $555,704 |
| Capital Gain Net Income | $555,704 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $623,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $53,243 |
| Contributions, gifts, grants paid | $355,000 |
| Total expenses and disbursements | $408,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,011 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $449,968 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,284,952 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Francis Asbury Palmer Fund has awarded $355,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FUNDACION AMIGOS DE BOQUETE PURPOSE: OPERATIONAL | $65,000 |
New York, NY PURPOSE: OPERATIONAL | $60,000 |
Hartford, CT PURPOSE: OPERATIONAL | $60,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: OPERATIONAL | $40,000 |
COMMUNITY MINISTRIES OF ROCKVILLE PURPOSE: OPERATIONAL | $40,000 |
New York, NY PURPOSE: OPERATIONAL | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |