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Filing year 2024

SAM & MARY PALUMBO FAMILY FOUNDATION

Hillside, Illinois·EIN 26-1553720·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$590k
Total assets
$3.8M
Total expenses
$524k
Reported officers
12

Reported officers (all unpaid)

No paid executives reported in 2024. SAM & MARY PALUMBO FAMILY FOUNDATION reported 12 unpaid officers and board members on its 990-PF.

Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Vice President

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$466k

Itemized grants

49

Median grant

$10k

RecipientLocationPurposeAmount
INFANT WELFARE SOCIETY OF CHICAGOCHICAGO, ILPROGRAM SUPPORT$84k
ELMHURST UNIVERSITYELMHURST, ILELSA PROGRAM$30k
CHRIST THE KING JESUIT COLLEGE PREPCHICAGO, ILADOPT A STUDENT SCHOLARSHIP PROGRAM$25k
GEORGE WASHINGTON UNIVERSITYATLANTA, GASCHOLARSHIP$15k
SAN MIGUEL SCHOOL CHICAGOCHICAGO, ILGOLD CIRCLE SCHOLARSHIP$15k
RAY GRAHAM ASSOCIATIONLISLE, ILTHERAPEUTIC PROGRAM SUPPORT$12k
UNIVERSITY OF IOWAIOWA CITY, IASCHOLARSHIP$10k
GANNON UNIVERSITYERIE, PASCHOLARSHIP$10k
WHEATON COLLEGEWHEATON, ILSCHOLARSHIP$10k
UNIVERSITY OF MICHIGANANN ARBOR, MISCHOLARSHIP$10k
BOSTON COLLEGECHESTNUT HILL, MASCHOLARSHIP$10k
UNIVERSITY OF MICHIGANANN ARBOR, MISCHOLARSHIP$10k
MARQUETTE UNIVERSITYMILWAUKEE, WISCHOLARSHIP$10k
EDGEWOOD COLLEGEMADISON, WISCHOLARSHIP$10k
NORTHWESTERN UNIVERSITYEVANSTON, ILSCHOLARSHIP$10k
CEDARVILLE UNIVERSITYCEDARVILLE, OHSCHOLARSHIP$10k
ILLINOIS STATE UNIVERSITYDRY GROVE, ILSCHOLARSHIP$10k
UNIVERSITY OF MICHIGANANN ARBOR, MISCHOLARSHIP$10k
LOYOLA UNIVERSITY CHICAGOCHICAGO, ILSCHOLARSHIP$10k
BOSTON UNIVERSITYBOSTON, MASCHOLARSHIP$10k
ILLINOIS STATE UNIVERSITYDRY GROVE, ILSCHOLARSHIP$10k
KITTIE'S WARRIORS FOUNDATIONBARTLETT, ILPEDIATRIC CANCER$10k
NATIONAL LOUIS UNIVERSITYCHICAGO, ILP.A.C.E. PROGRAM$10k
ADULT AND TEEN CHALLENGE ILLINOISCARLINVILLE, IL2024 EDUCATION MATERIALS$10k
THE COMMUNITY HOUSEHINSDALE, ILGOLD SPONSOR$10k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

SAM & MARY PALUMBO FAMILY FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$903k
$359k
2023
$590k
$524k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Illinois

SAM & MARY PALUMBO FAMILY FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Illinois earns a median of $20,738.

25th percentile
$7k
Median
$20,738
75th percentile
$60k
90th percentile
$148k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 2,342 organizations across 2,342 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Illinois
FAQ

Common questions about SAM & MARY PALUMBO FAMILY FOUNDATION

What are SAM & MARY PALUMBO FAMILY FOUNDATION's revenue and expenses?

In 2024, SAM & MARY PALUMBO FAMILY FOUNDATION reported $590k in total revenue and $524k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.