Sam and Mary Palumbo Family Foundation
Historical FunderHillside, Illinois · EIN 26-1553720 · Private foundation · Website
Grants paid (2024)$466K
Organizations funded47
Typical grant$10,000
Total assets$3.8M
Half of its grants to organizations were between $5,000 and $10,000.
From the return
How to apply
The foundation filed the following application information (Form 990-PF Part XV, tax year 2024):
| Contact | MARY PALUMBO |
|---|---|
| Address | 321 CENTER STREET, HILLSIDE IL 60162 |
| Phone | 7085449440 |
| INFO@PALUMBOFOUNDATION.ORG | |
| Form and materials | SCHOLARSHIPS ARE OPEN TO ALL HIGH SCHOOL SENIORS, STUDENTS WITH GED DIPLOMAS, UNDERGRADUATE (2 YR OR 4 YR) COLLEGE STUDENTS, AND STUDENT AT VOCATIONAL OR TRADE SCHOOLS WHO MEET THE PROGRAM REQUIREMENTS. APPLY AT WWW.PALUMBOFOUNDATION.ORG |
| Deadlines | WE ONLY ACCEPT APPLICATION FROM JANUARY 1 - MARCH 31ST FOR THE CURRENT YEAR'S SCHOLARSHIPS. |
| Restrictions | APPLICANTS MUST HAVE A GPA OF 3.0 OR HIGHER, AN ANNUAL ADJUSTED GROSS FAMILY INCOME OF $65,000 OR LESS, AND RESIDENCE IN ILLINOIS' COOK, DUPAGE, KANE, LAKE, OR WILL COUNTIES FOR AT LEAST SIX MONTHS. |
Copied as filed. Deadlines on a tax return describe the foundation's usual process; they are not confirmation of a current open cycle.
What it funds
Share of grant lines on the latest return, classified from the purpose each grant states.
Where it gives
34% of grants went outside Illinois.
Grants paid in tax year 2024
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Infant Welfare Society of Chicago | Chicago, IL | Program support | $84,150 |
| Elmhurst University | Elmhurst, IL | Elsa program | $30,000 |
| Christ the King Jesuit College Prep | Chicago, IL | Adopt a student scholarship program | $25,000 |
| George Washington University | Atlanta, GA | Scholarship | $15,000 |
| San Miguel School Chicago | Chicago, IL | Gold circle scholarship | $15,000 |
| Ray Graham Association | Lisle, IL | Therapeutic program support | $12,000 |
| University of Iowa | Iowa City, IA | Scholarship | $10,000 |
| Gannon University | Erie, PA | Scholarship | $10,000 |
| Wheaton College | Wheaton, IL | Scholarship | $10,000 |
| University of Michigan | Ann Arbor, MI | Scholarship | $10,000 |
| Boston College | Chestnut Hill, MA | Scholarship | $10,000 |
| University of Michigan | Ann Arbor, MI | Scholarship | $10,000 |
| Marquette University | Milwaukee, WI | Scholarship | $10,000 |
| Edgewood College | Madison, WI | Scholarship | $10,000 |
| Northwestern University | Evanston, IL | Scholarship | $10,000 |
| Cedarville University | Cedarville, OH | Scholarship | $10,000 |
| Illinois State University | Dry Grove, IL | Scholarship | $10,000 |
| University of Michigan | Ann Arbor, MI | Scholarship | $10,000 |
| Loyola University Chicago | Chicago, IL | Scholarship | $10,000 |
| Boston University | Boston, MA | Scholarship | $10,000 |
| Illinois State University | Dry Grove, IL | Scholarship | $10,000 |
| Kittie's Warriors Foundation | Bartlett, IL | Pediatric cancer | $10,000 |
| National Louis University | Chicago, IL | P.a.c.e. program | $10,000 |
| Adult and Teen Challenge Illinois | Carlinville, IL | 2024 education materials | $10,000 |
| The Community House | Hinsdale, IL | Gold sponsor | $10,000 |
| Green Halo Scholars | Hinsdale, IL | College support | $6,500 |
| Dominican University | River Forest, IL | Scholarship | $5,500 |
| Grand Valley State University | Allendale, MI | Scholarship | $5,000 |
| University of Illinois at Urbana | Champaign, IL | Scholarship | $5,000 |
| University of Minnesota | Minneapolis, MN | Scholarship | $5,000 |
| Coe College | Cedar Rapids, IA | Scholarship | $5,000 |
| Northwestern University | Evanston, IL | Scholarship | $5,000 |
| School of the Art Institute Chicago | Chicago, IL | Scholarship | $5,000 |
| University of Nebraska | Lincoln, NE | Scholarship | $5,000 |
| Bridge Youth & Family | Palatine, IL | Youth support | $5,000 |
| Little Friends Inc | Warrenville, IL | Youth support | $5,000 |
| Holistic Riding Equestrian | Lemont, IL | Therapeutic program support | $5,000 |
| Lemons of Love Inc | Des Plaines, IL | Kids cancer care packages | $5,000 |
| Illinois Wesleyan University | Bloomington, IL | Scholarship | $4,000 |
| University of Illinois at Urbana | Champaign, IL | Scholarship | $3,000 |
| Pacific Union College | Angwin, CA | Scholarship | $2,500 |
| Chicago Autism Network | Chicago, IL | Gold sponsor | $2,500 |
| Nami Dupage | Wheaton, IL | Youth support | $2,000 |
| Casa Italia | Stone Park, IL | Silver sponsor | $1,000 |
| Pactt Learning Center | Chicago, IL | Platinum sponsor | $1,000 |
| American Brain Tumor Association | Chicago, IL | Memorial donation | $1,000 |
| Ic Catholic Prep | Elmhurst, IL | Blue sponsor | $1,000 |
The return also lists 2 grants to individuals ($10,000). We do not publish the names of individual recipients.
Giving by year
| Tax year | Grants paid | Grant lines |
|---|---|---|
| 2024 | $466,150 | 49 |
| 2023 | $340,500 | 39 |
Sources
- IRS Form 990-PF, tax year 2024, filed Nov 12, 2025 - IRS e-file batch, object ID 202513169349100626
- IRS Tax Exempt Organization Search for EIN 26-1553720
- Profile updated Nov 5, 2026
Facts on this page come from the foundation's own IRS Form 990-PF filings as published by the IRS. Grantvello does not know whether a foundation is accepting proposals right now: a past grant is not an open opportunity. Always confirm current guidelines with the funder before applying.