The Peter J Palermo Trust Under Agreement
Accepts applications
The Peter J Palermo Trust Under Agreement is a private foundation in Ithaca, New York. In tax year 2025 it gave $200,000 in 8 grants; the typical grant was $15,500 and the largest $102,500. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$200,000
- Number of grants8
- Typical grant$15,500
- Largest grant$102,500
- Assets$2.9 million
- New grantees67%
Giving in 2025 was up from $90,000 the year before.
67% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $10,000 | 1 | $2.7 million |
| 2024 | $90,000 | 3 | $2.8 million |
| 2025 | $200,000 | 8 | $2.9 million |
How to apply
| Contact | Bank of America 100 Westminster St, Providence, RI 02903 |
|---|---|
| Phone or email | (401) 278-3013 |
| What to submit | Personal essay (typed and double spaced, not more than 1,000 words or less than 500 words) explaining why they should be awarded. |
| Deadlines | June 15 |
| Restrictions | High school graduate from albany county, ny and living in albany county at time of award. Must plan to attend and be admitted to an accredited 4 year college/univ. In ny state. |
What The Peter J Palermo Trust Under Agreement funds
Where it gives
All of its grants went to recipients in New York.
| State | Grants | Amount |
|---|---|---|
| New York | 8 | $200,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Siena College | Scholarships | $102,500 |
| Individual | Scholarships | $30,000 |
| Suny Buffalo -State University Ny | Scholarships | $30,000 |
| John Jay College | Charitable | $25,000 |
| All Saints Catholic Academy | Scholarships | $6,000 |
| Individual | Scholarships | $2,500 |
| Blessed Sacrament School | Education | $2,000 |
| Mater Christi School | Education | $2,000 |
Officers and trustees
- Tompkins Community Bank
Questions people ask
Does The Peter J Palermo Trust Under Agreement accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: June 15.
How much does The Peter J Palermo Trust Under Agreement give?
$200,000 in tax year 2025, across 8 grants, with a typical grant of $15,500.
Who runs The Peter J Palermo Trust Under Agreement?
Its 2025 filing lists Tompkins Community Bank (Trustee).
What does The Peter J Palermo Trust Under Agreement fund?
Based on its grants, mainly education.