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Private Foundation · IL · Private Independent Foundations

Sam And Mary Palumbo Family Foundation

Hillside, IL  ·  EIN 261553720  ·  Website ↗  ·  990s on ProPublica ↗

Assets

$3.8M

Total Giving

$1.0M

Grants on File

121

Average Grant

$9K

Giving Radius

Where Sam And Mary Palumbo Family Foundation Has Given

AK — no grants on file AL — no grants on file AR — no grants on file AZ — no grants on file CA — $22K across 3 grants CO — no grants on file CT — no grants on file DC — $40K across 6 grants DE — no grants on file FL — no grants on file GA — $14K across 3 grants HI — no grants on file IA — $47K across 7 grants ID — no grants on file IL — $694K across 73 grants IN — $12K across 2 grants KS — $5K across 1 grant KY — $8K across 1 grant LA — $5K across 1 grant MA — $44K across 4 grants MD — no grants on file ME — no grants on file MI — $25K across 3 grants MN — $15K across 3 grants MO — no grants on file MS — no grants on file MT — no grants on file NC — no grants on file ND — no grants on file NE — $10K across 1 grant NH — no grants on file NJ — no grants on file NM — no grants on file NV — no grants on file NY — $18K across 3 grants OH — $15K across 2 grants OK — no grants on file OR — no grants on file PA — no grants on file RI — no grants on file SC — no grants on file SD — no grants on file TN — $5K across 1 grant TX — no grants on file UT — no grants on file VA — $8K across 1 grant VT — no grants on file WA — $15K across 1 grant WI — $47K across 5 grants WV — no grants on file WY — no grants on file
Historical grants to 81 recipients across 19 states. Top concentrations: Chicago ($132K, 16 grants), Champaign ($96K, 6 grants), Elmhurst ($75K, 3 grants), Naperville ($60K, 6 grants), Normal ($40K, 3 grants).

Section I

How to Apply

Scholarships are open to all high school seniors, students with GED diplomas, undergraduate (2 yr or 4 yr) college students, and students at vocational or trade schools who meet the program requirements. Apply at www.palumbofoundation.org

On Unsolicited Proposals yes

Restrictions

Applicants must have a GPA of 3.0 or higher, an annual adjusted gross family income of $61,500 or less, and residence in Illinois' Cook, DuPage, Kane, Lake, or Will counties for at least six months. Click here to view current eligibility requirements.

Section IV

Recent Grants

Recipient Amount Year
University of Notre Dame $8K 2020
Bear Necessities PCFI $11K 2020
Columbia University $8K 2020
University of Iowa $8K 2020
Illinois State University $10K 2020
Turning Pointe Autism Foundation $10K 2020
Wheaton College $5K 2020
Amherst College $8K 2020
Georgia State University $8K 2020
North Park University $8K 2020
Loyola University of Chicago $10K 2020
Howard University $10K 2020
Univeristy of Illinois at Chicago $2K 2020
Northwestern University $10K 2020
Grace Housing Complex $2K 2020
North Central College $2K 2020
Green Halo Scholars $7K 2020
University of Wisconsin $7K 2020
Depaul University $8K 2020
Dordt University $8K 2020
Kentucky State University $8K 2020
Lake Forest College $8K 2020
University of Northern Iowa $2K 2020
University of Virginia $8K 2020
Northern Illinois University $18K 2020

Page 1 of 5 · 121 total

Section V

Board of Directors

  • MARY PALUMBO PRESIDENT
  • DONALD ALEO VICE PRESIDENT
  • PAUL LONGI DIRECTOR
  • DONALD ALEO DIRECTOR
  • JESSICA PALUMBO DIRECTOR
  • KAITLYN PALUMBO DIRECTOR
  • SAMANTHA PALUMBO DIRECTOR
  • MARY PALUMBO PRESIDENT
  • DONALD ALEO VICE PRESIDENT
  • PAUL LONGI DIRECTOR
  • DONALD ALEO DIRECTOR
  • JESSICA PALUMBO DIRECTOR
  • KAITLYN PALUMBO DIRECTOR
  • SAMANTHA PALUMBO DIRECTOR
  • MARY PALUMBO PRESIDENT
  • DONALD ALEO VICE PRESIDENT
  • PAUL LONGI DIRECTOR
  • DONALD ALEO DIRECTOR
  • JESSICA PALUMBO DIRECTOR
  • KAITLYN PALUMBO DIRECTOR
  • SAMANTHA PALUMBO DIRECTOR

Section VI

Filing History

Year-by-year financial summary from IRS 990-PF filings. Total assets and qualifying distributions show the foundation's growth and giving trajectory.

Year Total Assets Qualifying Distributions Total Revenue Total Expenses
2023 $3.7M $159K $903K $359K
2022 $3.1M $151K $339K $297K
2021 $3.2M $140K $783K $243K
2020 $2.5M $122K $311K $261K
2019 $2.5M $108K $603K $256K
2015 $1.9M $83K $497K $176K
2014 $1.5M $73K $229K $106K
2013 $1.4M $64K $305K $121K
2012 $1.2M $57K $183K $75K
2011 $1.1M — $141K $119K

Section VII

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