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Filing year 2024

THE PETER J PALERMO TRUST UNDER AGREEMENT

Ithaca, New York·EIN 54-6898253·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$282k
Total assets
$2.7M
Total expenses
$118k
Reported officers
2

Executive compensation

Form 990-PF · Part VIII · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in New York.

Trustee
Board Member
Median to 75th percentile
$22k
$24k
Trustee
Board Member
25th percentile to median
$4k
$4k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE PETER J PALERMO TRUST UNDER AGREEMENT equaled 19% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
19%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,948 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

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

Total granted

$90k

Itemized grants

3

Median grant

$30k

RecipientLocationPurposeAmount
ALL SAINTS CATHOLIC ACADEMYALBANY, NYUNRESTRICTED GENERAL$40k
SIENA COLLEGESIENA, NYSCHOLARSHIP$30k
SUNY NEW PALTZNew Paltz, NYSCHOLARSHIPS$20k
Compare this foundation's grantees

Down 35%
from 2023

From $34k in 2023 to $22k in 2024.

$34k
2023
$22k
2024
In today's dollarsEst.
Down 38% in real terms$38k to $24k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay fell 35% from 2023 to 2024, while revenue rose 690%.

$34k in 2023 to $22k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

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

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE PETER J PALERMO TRUST UNDER AGREEMENT

What does the Board Member of THE PETER J PALERMO TRUST UNDER AGREEMENT earn?

In 2024, the Board Member of THE PETER J PALERMO TRUST UNDER AGREEMENT received $22,001 in total compensation. This pay is above the median (the midpoint) for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in New York, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at THE PETER J PALERMO TRUST UNDER AGREEMENT compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in New York, the 2024 pay of the Board Member at THE PETER J PALERMO TRUST UNDER AGREEMENT falls between the median and the 75th percentile. In 2024, the highest total compensation at THE PETER J PALERMO TRUST UNDER AGREEMENT equaled 19% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are THE PETER J PALERMO TRUST UNDER AGREEMENT's revenue and expenses?

In 2024, THE PETER J PALERMO TRUST UNDER AGREEMENT reported $282k in total revenue and $118k 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.