A J & Sigismunda Palumbo Charitable Tr 35008-5
- Assets
- $49.1m
- Revenue
- $2.7m
- Investments
- $48.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 12/1974
- Data as of
- 03/2022
- EIN
- 25-6168159
Organization Overview
A J & Sigismunda Palumbo Charitable Tr 35008-5 is located in Pittsburgh, PA. The organization was established in 1974. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. A J & Sigismunda Palumbo Charitable Tr 35008-5 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 03/2022, A J & Sigismunda Palumbo Charitable Tr 35008-5 generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $3.5m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, A J & Sigismunda Palumbo Charitable Tr 35008-5 has awarded 404 individual grants totaling $12,646,422. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pnc Bank N A Trustee | 40 | $197,373 | |
Joseph Palumbo Trustee | 1 | $2,000 | |
Donald W Fleming Trustee | 1 | $2,000 | |
John W Kowach Trustee | 1 | $2,000 | |
Karen R Pfingstler Trustee | 1 | $2,000 | |
David A Ricchuito Trustee | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,237,826 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,495,513 |
| Capital Gain Net Income | $1,495,513 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $209 |
| Total Revenue | $2,733,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $215,373 |
| Other employee salaries and wages | $180,002 |
| Pension plans, employee benefits | $32,056 |
| Interest | $0 |
| Taxes | $93,254 |
| Depreciation | $0 |
| Occupancy | $10,914 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,322 |
| Total operating and administrative expenses | $709,356 |
| Contributions, gifts, grants paid | $2,752,000 |
| Total expenses and disbursements | $3,461,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $488 |
| Savings and temporary cash investments | $525,209 |
| 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 | $42,152,043 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $113,082 |
| Total assets | $49,066,141 |
| 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, A J & Sigismunda Palumbo Charitable Tr 35008-5 has awarded $2,752,000 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARYS AREA AMBULANCE SERVICES PURPOSE: GENERAL SUPPORT | $250,000 |
St Marys, PA PURPOSE: PROGRAM SUPPORT | $200,000 |
St Marys, PA PURPOSE: PROGRAM SUPPORT | $120,000 |
UNITED STATES CONFERENCE OF PURPOSE: GENERAL SUPPORT | $115,000 |
Johnsonburg, PA PURPOSE: PROGRAM SUPPORT | $100,000 |
FREE MEDICAL CLINIC OF DUBOIS PURPOSE: PROGRAM SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |