Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE PALMER FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2410 LONDONBERRY BLVD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CARMEL, IN460328219
A Employer identification number

35-6691822
B Telephone number (see instructions)

(317) 574-0621
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,350,030J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 324,832
2 Check bullet.............
3 Interest on savings and temporary cash investments 21 21  
4 Dividends and interest from securities... 105,461 105,461  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 368,305
b Gross sales price for all assets on line 6a 1,453,502
7 Capital gain net income (from Part IV, line 2)... 368,305
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 798,619 473,787  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 4,500 4,500   0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 37,533 37,533   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,122 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 654 654   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 45,809 42,687   0
25 Contributions, gifts, grants paid....... 200,550 200,550
26 Total expenses and disbursements. Add lines 24 and 25 246,359 42,687   200,550
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 552,260
b Net investment income (if negative, enter -0-) 431,100
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 3,898 18,867 18,867
2 Savings and temporary cash investments......... 254,641 169,727 169,727
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,505,542 Click to see attachment3,789,986 4,909,622
c Investments—corporate bonds (attach schedule)....... 198,150 Click to see attachment243,350 245,922
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,934 Click to see attachment5,062 5,892
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,967,165 4,226,992 5,350,030
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment17,841 Click to see attachment14,684
23 Total liabilities (add lines 17 through 22)......... 17,841 14,684
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 3,949,324 4,212,308
29 Total net assets or fund balances (see instructions)..... 3,949,324 4,212,308
30 Total liabilities and net assets/fund balances (see instructions). 3,967,165 4,226,992
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,949,324
2
Enter amount from Part I, line 27a .....................
2
552,260
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
920
4
Add lines 1, 2, and 3 ..........................
4
4,502,504
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
290,196
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,212,308
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a FIDELITY 6106 P 2021-12-31 2021-07-01
b FIDELITY 6106 P 2021-12-31 2021-07-01
c RAYMOND JAMES F015 P 2021-12-31 2021-07-01
d RAYMOND JAMES F015 P 2021-12-31 2021-07-01
e RAYMOND JAMES H821 P 2021-12-31 2021-07-01
RAYMOND JAMES H821 P 2021-12-31 2021-07-01
RAYMOND JAMES K995 P 2021-12-31 2021-07-01
RAYMOND JAMES M553 P 2021-12-31 2021-07-01
RAYMOND JAMES M553 P 2021-12-31 2021-07-01
RAYMOND JAMES U902 P 2021-12-31 2021-07-01
RAYMOND JAMES U902 P 2021-12-31 2021-07-01
RAYMOND JAMES W112 P 2021-12-31 2021-07-01
RAYMOND JAMES W112 P 2021-12-31 2021-07-01
RAYMOND JAMES W112 P 2021-12-31 2021-07-01
RAYMOND JAMES X6406 P 2021-12-31 2021-07-01
RAYMOND JAMES X7637 P 2021-12-31 2021-07-01
RAYMOND JAMES X7637 P 2021-12-31 2021-07-01
RAYMOND JAMES X9158 P 2021-12-31 2021-07-01
RAYMOND JAMES X9158 P 2021-12-31 2021-07-01
RAYMOND JAMES X9158 P 2021-12-31 2021-07-01
RAYMOND JAMES Y127 P 2021-12-31 2021-07-01
RAYMOND JAMES Y127 P 2021-12-31 2021-07-01
RAYMOND JAMES Y511 P 2021-12-31 2021-07-01
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 8,929   5,200 3,729
b 63,186   44,352 18,834
c 150     150
d 18   17 1
e 26,300   23,572 2,728
64,527   59,516 5,011
1,574   1,602 -28
335   349 -14
100,479   77,674 22,805
25,509   22,879 2,630
57,405   52,766 4,639
150     150
123,958   57,263 66,695
18   17 1
177,507   178,543 -1,036
51,941   93,076 -41,135
406,653   182,856 223,797
42,251   23,510 18,741
10,089   7,545 2,544
6,917   5,062 1,855
    32,440 -32,440
98,385   53,714 44,671
161,454   163,244 -1,790
25,767     25,767
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,729
b       18,834
c       150
d       1
e       2,728
      5,011
      -28
      -14
      22,805
      2,630
      4,639
      150
      66,695
      1
      -1,036
      -41,135
      223,797
      18,741
      2,544
      1,855
      -32,440
      44,671
      -1,790
      25,767
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 368,305
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 5,992
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,992
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 3,122
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,122
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,130
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet7,130 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCAROLYN J PALMER Telephone no.bullet (317) 574-0621

    Located atbullet2410 LONDONBERRY BLVDCARMELIN ZIP+4bullet46032
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    DONALD PALMER DIRECTOR
    0.50     		0 0 0
    2410 LONDONBERRY BLVD
    CARMEL,IN46032
    CAROLYN PALMER DIRECTOR
    0.50     		0 0 0
    2410 LONDONBERRY BLVD
    CARMEL,IN46032
    M ELAINE PALMER DIRECTOR
    0.50     		0 0 0
    7965 WESTFIELD ROAD
    INDIANAPOLIS,IN46240
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,935,937
    b
    Average of monthly cash balances.......................
    1b
    223,567
    c
    Fair market value of all other assets (see instructions)................
    1c
    5,892
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,165,396
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    5,165,396
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    77,481
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    5,087,915
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    254,396
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    254,396
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    5,992
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,992
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    248,404
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    248,404
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    248,404
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 248,404
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 192,720
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 200,550
    a Applied to 2020, but not more than line 2a 192,720
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 7,830
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		240,574
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    DONALDCAROLYN PALMER
    2410 LONDONBERRY BLVD
    CARMEL,IN46032
    (317) 846-5555
    bThe form in which applications should be submitted and information and materials they should include:
    NO SPECIAL FORM
    cAny submission deadlines:
    NO SPECIFIC DEADLINES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO RESTRICTIONS
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    KALEIDOSCOPE INC
    1033 3RD AVE SW
    CARMEL,IN46032     		NO RELATION PC GENERAL FUND 1,000
    BETHEL CHURCH
    BETHEL CHURCH
    NOBLESVILLE,IN46060     		NO RELATION PC GENERAL FUND 1,000
    FAITH & WORK MOVEMENT
    477 N MATILDA AVE SUNNVALE
    SILICON VALLEY,CA94085     		NO RELATION PC GENERAL FUND 1,000
    UPPER ROOM CHURCH
    8119 E WASHINGTON ST
    INDIANAPOLIS,IN46219     		NO RELATION PC GENERAL FUND 1,000
    JOSEPH MALEY FOUNDATION
    7176 LAKEVIEW PKWY W DR
    INDIANAPOLIS,IN46268     		NO RELATION PC GENERAL FUND 1,000
    MISSIONARY ATHELETES
    8510 MCALPINE PARK DR SUITE 109
    CHARLOTTE,NC28211     		NO RELATION PC GENERAL FUND 1,000
    PROVIDENCE CRISTO REY HIGH SCHOOL
    75 N BELLEVIEW PL
    INDIANAPOLIS,IN46222     		NO RELATION PC GENERAL FUND 2,000
    PURPOSEFUL-DESIGN
    1710 JENKINS AVE
    INDIANAPOLIS,IN46218     		NO RELATION PC GENERAL FUND 2,000
    RILEY CHILDREN'S FOUNDATION
    705 RILEY HOSPITAL DR
    INDIANAPOLIS,IN46202     		NO RELATION PC GENERAL FUND 1,000
    SAGAMORE INSTITUTE
    6151 CENTRAL AVE
    INDIANAPOLIS,IN46220     		NO RELATION PC GENERAL FUND 1,000
    SYCAMORE SCHOOL
    1750 W 64TH ST
    INDIANAPOLIS,IN46260     		NO RELATION PC GENERAL FUND 250
    SYNAPSIS
    645 MADISON AVE
    NEW YORK,NY10022     		NO RELATION PC GENERAL FUND 3,500
    THE TRINITY FORUM
    1000 VERMONT AVENUE NW
    WASHINGTON,DC20005     		NO RELATION PC GENERAL FUND 250
    YOUTH WITH A MISSION
    1101 BAY BLVD SUITE C
    CHULA VISTA,CA91911     		NO RELATION PC GENERAL FUND 18,000
    LUMITY
    1132 S WABASH AVE STE 504
    CHICAGO,IL60605     		NO RELATION PC GENERAL FUND 1,000
    CONSERVATION LAW CENTER
    116 SOUTH INDIANA
    BLOOMINGTON,IN47408     		NO RELATION PC GENERAL FUND 700
    FREE TO SMILE
    118 GRACELAND BLVD 213
    COLUMBUS,OH43214     		NO RELATION PC GENERAL FUND 1,000
    ANCHORS AWAY
    13240 OLD MERIDIAN STREET
    CARMEL,IN46032     		NO RELATION PC GENERAL FUND 2,500
    KANAKUK MINISTRIES
    1353 LAKE SHORE DRIVE
    BRANSON,MO65616     		NO RELATION PC GENERAL FUND 1,000
    HEART CHANGE MINISTRIES
    1405 N TUXEDO STREET
    INDIANAPOLIS,IN46201     		NO RELATION PC GENERAL FUND 36,500
    HARRISON CENTER
    1505 N DELAWARE STREET
    INDIANAPOLIS,IN46202     		NO RELATION PC GENERAL FUND 750
    JANUS
    1555 WESTFIELD ROAD
    NOBLESVILLE,IN46062     		NO RELATION PC GENERAL FUND 2,000
    THE MIND TRUST
    1630 N MERIDIAN ST
    INDIANAPOLIS,IN46202     		NO RELATION PC GENERAL FUND 1,500
    GOODWILL FOUNDATION OF CENTRAL & SOUTHERN INDIANA
    1635 W MICHIGAN ST
    INDIANAPOLIS,IN46222     		NO RELATION PC GENERAL FUND 5,000
    KIPP INDY
    1740 E 30TH STREET
    INDIANAPOLIS,IN46218     		NO RELATION PC GENERAL FUND 17,000
    VOICE FOR THE MARTYRS
    1815 SE BISON RD
    BARTLESVILLE,OK74006     		NO RELATION PC GENERAL FUND 1,000
    HOPE INTERNATIONAL
    227 GRANITE RUN DRIVE
    LANCASTER,PA17601     		NO RELATION PC GENERAL FUND 3,000
    UNITE INDY
    241 W 38TH STREET
    INDIANAPOLIS,IN46208     		NO RELATION PC GENERAL FUND 1,500
    COMMUNITY CARING AND SHARING INC
    2830 S HOLT RD
    INDIANAPOLIS,IN46241     		NO RELATION PC GENERAL FUND 5,000
    UNITED WAY OF CENTRAL INDIANA
    2955 N MERIDIAN ST
    INDIANAPOLIS,IN46208     		NO RELATION PC GENERAL FUND 1,000
    STARFISH INITIATIVE
    2955 NORTH MERIDIAN STREET
    INDIANAPOLIS,IN46208     		NO RELATION PC GENERAL FUND 1,500
    FAITHTECH
    3035 SE 16TH ST
    NORTH BEND,WA98045     		NO RELATION PC GENERAL FUND 2,500
    MARIAN UNIVERSITY
    3200 COLD SPRING ROAD
    INDIANAPOLIS,IN46222     		NO RELATION PC GENERAL FUND 2,500
    UNION PRESBYTERIAN SEMINARY
    3401 BROOK ROAD
    RICHMOND,VA23227     		NO RELATION PC GENERAL FUND 3,000
    INTERNATIONAL HOUSE OF PRAYER
    3535 E RED BRIDGE ROAD
    KANSAS CITY,MO64137     		NO RELATION PC GENERAL FUND 1,000
    UNITED SCHOOLS OF INDIANAPOLIS
    3980 MEADOWS DRIVE
    INDIANAPOLIS,IN46205     		NO RELATION PC GENERAL FUND 1,500
    SHEPHERD COMMUNITY CENTER
    4107 E WASHINGTON ST
    INDIANAPOLIS,IN46201     		NO RELATION PC GENERAL FUND 1,000
    REHABILITATION HOSPITAL OF INDIANA
    4141 SHORES DRIVE
    INDIANAPOLIS,IN46254     		NO RELATION PC GENERAL FUND 400
    FELLOWSHIP OF CHRISTIAN ATHLETES
    418 EAST 34TH STREET
    INDIANAPOLIS,IN46205     		NO RELATION PC GENERAL FUND 2,000
    BUTLER BEYOND
    4600 SUNSET AVENUE
    INDIANAPOLIS,IN46208     		NO RELATION PC GENERAL FUND 5,000
    OPPORTUNITY INTERNATIONAL
    550 W VAN BUREN ST
    CHICAGO,IL60607     		NO RELATION PC GENERAL FUND 2,500
    ANTIOCH COMMUNITY CHURCH OF INDIANAPOLIS INC
    5981 E 86TH STREET
    INDIANAPOLIS,IN46250     		NO RELATION PC GENERAL FUND 1,000
    YMCA OF GREATER INDIANAPOLIS
    615 N ALABAMA ST STE 200
    INDIANAPOLIS,IN46204     		NO RELATION PC GENERAL FUND 1,500
    MIDWEST FOOD BANK
    6450 S BELMONT ST
    INDIANAPOLIS,IN46033     		NO RELATION PC GENERAL FUNDGENERAL FUND 3,000
    NATIONAL CHRISITAN FOUNDATION
    70 EAST 91ST STREET
    INDIANAPOLIS,IN46240     		NO RELATION PC GENERAL FUND 6,000
    CENTERPOINT COUNSELING
    7700 NORTH MERIDIAN STREET
    INDIANAPOLIS,IN46260     		NO RELATION PC GENERAL FUND 800
    EMPART
    7900 EAST UNION AVENUE SUITE 1100
    DENVER,CO80237     		NO RELATION PC GENERAL FUND 23,000
    CAMPTOWN
    7998 GEORGETOWN ROAD
    INDIANAPOLIS,IN46268     		NO RELATION PC GENERAL FUND 2,000
    ASCENSION ST VINCENT
    8402 HARCOURT ROAD SUITE 210
    INDIANAPOLIS,IN46260     		NO RELATION PC GENERAL FUNDGENERAL FUND 1,000
    INDIANAPOLIS THEOLOGICAL SEMINARY
    8601 HAGUE ROAD
    INDIANAPOLIS,IN46256     		NO RELATION PC GENERAL FUND 750
    EDIFY
    8825 AERO DRIVE
    SAN DIEGO,CA92123     		NO RELATION PC GENERAL FUND 7,000
    BROOKE'S PLACE
    8935 NORTH MERIDIAN ST
    INDIANAPOLIS,IN46260     		NO RELATION PC GENERAL FUND 1,000
    JOHN AND VERA MAE PERKINS FOUNDATION
    PO BOX 10773
    JACKSON,MS39289     		NO RELATION PC GENERAL FUND 5,000
    JOSIAH VENTURE
    PO BOX 4317
    WHEATON,IL60189     		NO RELATION PC GENERAL FUND 1,000
    INDIANA UNIVERSITY FOUNDATION
    PO BOX 500
    BLOOMINGTON,IN47402     		NO RELATION PC GENERAL FUND 500
    CRU FOUNDATION
    PO BOX 628222
    ORLANDO,FL32862     		NO RELATION PC GENERAL FUND 1,000
    YOUNG LIFE
    PO BOX 70065
    PRESCOTT,AZ86304     		NO RELATION PC GENERAL FUND 4,650
    ISAIAH117
    PO BOX 842
    ELIZABETHTON,TN37644     		NO RELATION PC GENERAL FUND 1,000
    TEENWORKS
    2820 N MERIDIAN ST
    INDIANAPOLIS,IN46208     		NO RELATION PC GENERAL FUND 2,000
    CITY OF GOD
    333 N ALABAMA ST STE 350
    INDIANAPOLIS,IN46204     		NO RELATION PC GENERAL FUND 1,000
    Total .................................bullet 3a 200,550
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 21  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 368,305  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 473,787 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    473,787
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    THE PALMER FAMILY FOUNDATION
     
    Employer identification number

    35-6691822
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    THE PALMER FAMILY FOUNDATION
          		Employer identification number
    35-6691822
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    DONALD AND CAROLYN PALMER
    2410 LONDONBERRY BLVD
     
    CARMEL, IN46032

    		$ 324,832


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    THE PALMER FAMILY FOUNDATION
          		Employer identification number

    35-6691822
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 STOCK DONATION WITH COST OF $142,595 AND FAIR MARKET VALUE OF $324,832. $ 324,832 2021-04-21
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    THE PALMER FAMILY FOUNDATION
          		Employer identification number

    35-6691822
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE PALMER FAMILY FOUNDATION
    EIN:
    35-6691822
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DODGE & COX INCOME 99,532 100,204
    GMO OPPORTUNISTIC INCOME FUND INSTL 24,800 24,771
    JPMORGAN CORE BOND CLASS I 99,100 99,605
    JPMORGAN INFLATION MANAGED BOND CLASS I 19,918 21,342

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE PALMER FAMILY FOUNDATION
    EIN:
    35-6691822
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M COMPANY 5,399 6,395
    ABBVIE 9,283 15,571
    ALLEGION PLC ORD SHS 3,117 3,046
    ALLEGION PLC ORD SHS 3,302 3,179
    AMEREN CORPORATION 2,936 6,498
    AMERICAN BEACON AHL MNGC FUTURES 39,000 38,154
    AMGEN INCORPORATED 9,457 10,799
    ANSYS INCORPORATED 2,224 2,407
    ANSYS INCORPORATED 1,957 2,407
    AQR LARGE CAP DEFENSEIVE STYLE R6 48,998 68,560
    ARTISAN DEVELOPING WORLD FD ADVISOR 35,201 57,891
    ARTISAN INTERNATIONAL ADV 64,511 66,868
    ASPEN TECHNOLOGY 2,504 2,740
    ASPEN TECHNOLOGY INCORPORATED 2,555 2,587
    AT & T 19,552 15,941
    BENTLEY SYSTEMS INCORPORATED COM CLASS B 2,429 2,320
    BENTLEY SYSTEMS INCORPORATED COM CLASS B 2,588 2,417
    BERKLEY W R CORPORATION 3,580 3,625
    BERKLEY W R CORPORATION 3,625 3,790
    BEST BUY INCORPORATED 3,337 3,556
    BRIGHT HORIZONS FAM SOL IN DEL 3,115 2,392
    BRIGHT HORIZONS FAM SOL IN DEL 2,566 2,392
    BROADCOM INCORPORATED 2,251 5,323
    CAUSEWAY INTERNATIONAL VALUE INSTL 72,633 90,903
    CDW CORPORATION 4,033 4,505
    CDW CORPORATION 3,866 4,710
    CHARLES RIV LABS INTERNATIONAL INCORPORATED 4,981 5,652
    CHARLES RIV LABS INTERNATIONAL INCORPORATED 5,109 6,028
    CHEMED CORPORATION NEW 2,368 2,645
    CHEMED CORPORATION NEW 2,482 2,645
    CISCO SYSTEMS INCORPORATED 3,959 7,795
    CITIGROUP INCORPORATED 6,132 7,851
    COCA COLA COMPANY 7,386 9,355
    COOPER COMPANIES INCORPORATED COM NEW 3,697 3,770
    COOPER COMPANIES INCORPORATED COM NEW 3,806 4,189
    COPART INCORPORATED 3,113 3,791
    COPART INCORPORATED 3,142 3,942
    CVS HEALTH CORPORATION 8,607 12,895
    CYRUSONE INCORPORATED REIT 6,474 8,075
    DEVON ENERGY CORPORATION 3,317 5,859
    DFA EMERGING MRKTS CORE EQU PORTF 61,800 69,552
    DFA GLOBAL REAL ESTATE SEC PORTFOLIO 64,500 79,448
    DFA US LARGE CAP VALUE PRTF INSTL 84,705 106,287
    DOMINION ENERGY INCORPORATED 4,947 5,342
    DOUBLELINE LOW DURATION BOND FUND CL I N/L 159,536 157,862
    DOUBLELINE LOW DURATION BOND FUND CL I N/L 159,288 157,676
    DUCK CREEK TECHNOLOGIES INCORPORATED SHS 1,803 1,265
    DUCK CREEK TECHNOLOGIES INCORPORATED SHS 1,632 1,325
    DUKE ENERGY CORPORATIONNEW COM NEW 4,389 6,399
    EATON VANCE SHORT DURATION GOVT INC FD CL I N/L 80,738 79,311
    EATON VANCE SHORT DURATION GOVT INC FD CL I N/L 81,020 79,391
    ELANCO ANIMAL HEALTH INCORPORATED 2,356 2,185
    ELANCO ANIMAL HEALTH INCORPORATED 2,826 2,270
    ENTERGY CORPORATION NEW 2,593 2,591
    EQUIFAX INCORPORATED 3,189 4,099
    EQUIFAX INCORPORATED 3,483 4,392
    EXELON CORPORATION 5,488 7,798
    EXPONENT INCORPORATED 1,889 2,218
    EXPONENT INCORPORATED 1,846 2,335
    FAIR ISAAC CORPORATION 2,156 1,735
    FAIR ISAAC CORPORATION 1,937 1,735
    FIRSTENERGY CORPORATION 5,985 7,153
    GILEAD SCIENCES INCORPORATED 4,975 4,720
    GMO ALTERNATIVE ALLOCATION FD I 39,000 35,644
    GMO RESOURCES SERIES FUND CL PS 60,400 81,391
    HENRY JACK & ASSOC INCORPORATED 2,035 2,004
    HENRY JACK & ASSOC INCORPORATED 1,840 2,004
    HOME DEPOT INCORPORATED 1,537 4,150
    INTERACTIVE BROKERS GROUP INCORPORATED COM CLASS A 2,858 3,097
    INTERACTIVE BROKERS GROUP INCORPORATED COM CLASS A 2,799 3,336
    INTERNATIONAL BUSINESS MACHINES 3,380 3,475
    INTERPUBLIC GROUP 5,226 9,063
    INVESCO S&P 500 HIGH DIVIDEND LOW VOLATILITY ETF 172,746 187,369
    ISHARES GOLD TR ISHARES NEW 74,655 77,000
    ISHARES TR CORE S&P US GWT 150,475 235,443
    ISHARES TR CORE S&P US GWT 103,033 203,642
    ISHARES TR MBS ETF 109,031 106,571
    ISHARES TR MBS ETF 109,465 106,785
    ISHARES TR MORTGE REL ETF 5,174 4,210
    ISHARES TR MSCI USA MMENTM 33,935 53,455
    ISHARES TR SELECT DIVID ETF 167,332 196,267
    ISHARES TR SELECT DIVID ETF 10,862 16,059
    ISHARES TR US SML CP VALUE 49,858 51,136
    JOHNSON & JOHNSON 3,919 5,816
    JPMORGAN CHASE & COMPANY 8,983 15,835
    LAMAR ADVERTISING COMPANY NEW CLASS A REIT 1,795 3,760
    LENNOX INTERNATIONAL INCORPORATED 3,005 2,919
    LENNOX INTERNATIONAL INCORPORATED 3,388 3,244
    LOCKHEED MARTIN CORPORATION 11,377 15,283
    LPL FINL HLDGS INCORPORATED 2,943 3,202
    LPL FINL HLDGS INCORPORATED 3,080 3,362
    LYONDELLBASELL INDUSTRIES N V SHS 3,957 5,073
    MERCK & COMPANY INCORPORATED 5,096 5,978
    MSCI INCORPORATED 3,854 4,902
    MSCI INCORPORATED 3,572 4,902
    NEWELL BRANDS INCORPORATED 3,290 3,145
    NEWMONT CORPORATION 6,234 6,264
    NEXTERA ENERGY INCORPORATED 3,203 10,456
    NORDSON CORPORATION 3,411 4,084
    NORDSON CORPORATION 3,386 4,340
    NUANCE CONCENTRATED VAL LG SHT INSTIT CL 39,400 32,321
    OLD REP INTERNATIONAL CORPORATION 5,864 7,079
    OMNICOM GROUP INCORPORATED 3,244 3,297
    PEPSICO INCORPORATED 4,333 6,948
    PFIZER INCORPORATED 7,983 14,881
    PHILIP MORRIS INTERNATIONAL INCORPORATED 13,372 15,485
    PHILLIPS 66 6,083 6,376
    PIMCO MORTGAGE OPPORTUNITIES AND BOND FUND CL I2 N/L 160,285 159,105
    PIMCO MORTGAGE OPPORTUNITIES AND BOND FUND CL I2 N/L 160,331 159,295
    POOL CORPORATION 4,176 5,660
    POOL CORPORATION 4,265 5,660
    ROLLINS INCORPORATED 1,865 1,779
    ROLLINS INCORPORATED 1,916 1,882
    SCOTTS MIRACLE-GRO COMPANY CLASS A 6,991 4,830
    SCOTTS MIRACLE-GRO COMPANY CLASS A 7,014 5,152
    SEMPRA 5,640 7,408
    SITEONE LANDSCAPE SUPPLY INCORPORATED 4,140 5,572
    SITEONE LANDSCAPE SUPPLY INCORPORATED 4,185 5,815
    SPDR S&P 500 ETF 163,134 406,091
    SPDR S&P 500 ETF 146,711 332,472
    SPDR UTILITIES SELECT SECTOR FUND 10,504 16,607
    TELEDYNE TECHNOLOGIES INCORPORATED 1,315 1,311
    TELEDYNE TECHNOLOGIES INCORPORATED 1,613 1,748
    TERADYNE INCORPORATED 4,036 5,069
    TERADYNE INCORPORATED 3,920 5,233
    THOR INDUSTRIES INCORPORATED 4,463 3,321
    THOR INDUSTRIES INCORPORATED 4,252 3,528
    VANGUARD SHORT-TERM CORPORATE BOND ETF 24,260 26,328
    VANGUARD SHORT-TERM CORPORATE BOND ETF 24,032 26,410
    VANGUARD TOTAL STOCK MARKET INDEX ADMIRAL 339,869 561,154
    VERIZON COMMUNICATIONS INCORPORATED 6,364 6,547
    ZEBRA TECHNOLOGIES CORPORATION CLASS A 4,955 5,952
    ZEBRA TECHNOLOGIES CORPORATION CLASS A 5,331 6,547
    ISHARES GOLD TR ISHARES NEW 74,655 77,000
    ISHARES TR US SML CP VALUE 49,878 51,360
    KOPERNIK GLOBAL ALL CAP FUND INSTL 68,800 60,135
    GOLDMAN SACHS GQG PARTNERS INTL OPP I 69,000 79,041

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE PALMER FAMILY FOUNDATION
    EIN:
    35-6691822
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LAZARD LIMITED SHS A AT COST 5,062 5,892

    TY 2021 LegalFeesSchedule
    Name:
    THE PALMER FAMILY FOUNDATION
    EIN:
    35-6691822
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 4,500 4,500   0


    TY 2021 OtherDecreasesSchedule
    Name:
    THE PALMER FAMILY FOUNDATION
    EIN:
    35-6691822
    Description Amount
    COST BASIS ADJUSTMENT ON STOCK DONATION 288,494
    TIMING DIFFERENCE BASIS ADJUSTMENT 1,702


    TY 2021 OtherExpensesSchedule
    Name:
    THE PALMER FAMILY FOUNDATION
    EIN:
    35-6691822
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 654 654   0


    TY 2021 OtherIncreasesSchedule
    Name:
    THE PALMER FAMILY FOUNDATION
    EIN:
    35-6691822
    Description Amount
    NON-DIVIDEND DISTRIBUTIONS 920


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE PALMER FAMILY FOUNDATION
    EIN:
    35-6691822
    Description Beginning of Year - Book Value End of Year - Book Value
    CALL STANDARD & POORS 9,707 0
    CALL STANDARD & POORS 8,134 0
    CALL SPDR S&P 0500 ETF JAN 0 7,745
    CALL SPDR S&P 0500 ETF JAN 0 6,939


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE PALMER FAMILY FOUNDATION
    EIN:
    35-6691822
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISOR FEES 37,533 37,533   0


    TY 2021 TaxesSchedule
    Name:
    THE PALMER FAMILY FOUNDATION
    EIN:
    35-6691822
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX BASED ON INVESTMENT INCOME 3,122 0   0