Vincent And Harriet Palisano Foundation
- Assets
- $2.0m
- Revenue
- $249.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 12/1963
- Data as of
- 05/2024
- EIN
- 16-6052186
Organization Overview
Vincent And Harriet Palisano Foundation is located in Buffalo, NY. The organization was established in 1963. 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. Vincent And Harriet Palisano Foundation 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 05/2024, Vincent And Harriet Palisano Foundation generated $249.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $210.2k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Vincent And Harriet Palisano Foundation has awarded 99 individual grants totaling $810,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Beardsley Trustee | 1 | $5,240 | |
Kelly A Leek Trustee | 1 | $5,239 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,296 |
| Dividends & Interest | $43,530 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $191,345 |
| Capital Gain Net Income | $191,345 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $249,171 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,479 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,042 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $465 |
| Total operating and administrative expenses | $34,963 |
| Contributions, gifts, grants paid | $175,250 |
| Total expenses and disbursements | $210,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,223 |
| Savings and temporary cash investments | $0 |
| 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 | $866,534 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,989,709 |
| 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, Vincent And Harriet Palisano Foundation has awarded $175,250 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHBISHOP WALSH ACADEMY PURPOSE: SCHOLARSHIP | $3,750 |
BISHOP TIMON - ST JUDE HIGH SCHOOL PURPOSE: SCHOLARSHIP | $3,750 |
BISON FUND PURPOSE: SCHOLARSHIPS | $10,000 |
BUFFALO ACADEMY OF THE SACRED HEART PURPOSE: SCHOLARSHIP | $3,750 |
BUFFALO PHILHARMONIC PURPOSE: EDUCATIONAL PROGRAM | $20,000 |
CANISIUS UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |