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THE PETER J PALERMO TRUST UNDER AGREEMENT

ITHACA, NY · EIN 546898253 · Form 990PF · FY2025 · NTEE T20 · Philanthropy & Grantmaking · Small ($100K-$1M)
revenue
$136K
expenses
$36K
net assets
$2.6M
employees
profile · synthesized from sources

The Peter J Palermo Trust Under Agreement is a private foundation based in New York that provides charitable grants, primarily for scholarships and educational support. The organization funds institutions across New York State, with a focus on colleges and K–12 schools. Its giving supports student financial aid and general educational programming.

named programs · 2 · from sources

What they call their work

Education Grants for K–12 Schools
Supports Catholic and private K–12 institutions such as All Saints Catholic Academy, Mater Christi School, and Blessed Sacrament School with scholarships and general funding
Scholarship Support Program
Provides financial aid to students at colleges including Siena College, SUNY Binghamton, SUNY Buffalo, and SUNY New Paltz
activities · 3 groups

What they do

  • Local High School Scholarship Programs 4 activities
    • Funding scholarships at SUNY Binghamton
      Awards grants to support scholarship programs for students at SUNY Binghamton, a public research university in New York.
    • Funding scholarships at SUNY Buffalo
      Provides grant support for student scholarships at SUNY Buffalo, part of the State University of New York system.
    • Funding scholarships at SUNY New Paltz
      Supports scholarship opportunities for students at SUNY New Paltz through targeted grantmaking.
    • Funding scholarships at Siena College
      Provides financial support for scholarships to students at Siena College in New York. This funding activity is consistently reported across multiple fiscal years.
  • Private K–12 School Support 3 activities
    • Funding educational programs at Blessed Sacrament School
      Provides financial support for educational programming at Blessed Sacrament School, enhancing academic offerings and student services.
    • Funding educational programs at Mater Christi School
      Grants support for educational initiatives and programming at Mater Christi School, a Catholic elementary and middle school in New York.
    • Funding scholarships and general support at All Saints Catholic Academy
      Provides both scholarship-specific funding and unrestricted general support grants to All Saints Catholic Academy, supporting educational access and institutional stability.
  • University-Specific Endowment and Program Funding 1 activity
    • Funding general operations at John Jay College
      Provides charitable funding to support institutional needs at John Jay College, a senior college within the City University of New York system.
financials · form 990PF · fy2025
revenue
Total revenue$136K
Contributions & grants
Program service revenue
Investment income$76K56%
Other revenue$60K
expenses
Total expenses$36K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$30K
Grants paid out$200K
balance sheet
Total assets$2.56M
Cash
Investments
Liabilities
Net assets$2.56M
6 years on record · 2020–2025 · YoY revenue -51.8%
leadership · form 990 part vii · fy2025

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
TOMPKINS COMMUNITY BANK TRUSTEE 1 $30K
relationships · 8

Who they work with

  • ALL SAINTS CATHOLIC ACADEMY Partner — Receives grant funding for scholarships and unrestricted general support.
  • Blessed Sacrament School Partner — Receives grant funding for education programs.
  • JOHN JAY COLLEGE Partner — Receives charitable grant funding.
  • Mater Christi School Partner — Receives grant funding for education programs.
  • SIENA COLLEGE Partner — Receives grant funding for scholarships.
  • SUNY BINGHAMTON Partner — Receives grant funding for scholarships.
  • SUNY BUFFALO -STATE UNIVERSITY NY Partner — Receives grant funding for scholarships.
  • SUNY NEW PALTZ Partner — Receives grant funding for scholarships.