Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
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
CARMEL
State or province
IN
Country  
ZIP or foreign postal code
460328219
A Employer identification number

35-6691822
B Telephone number (see instructions)

3175900159
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$6,494,345J 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) 225,573
2 Check .................
3 Interest on savings and temporary cash investments 20,111 20,111  
4 Dividends and interest from securities... 161,733 161,733  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 52,634
b Gross sales price for all assets on line 6a 972,935
7 Capital gain net income (from Part IV, line 2)... 52,634
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........ 460,051 234,478  
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).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,900 2,950   2,950
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
33,952 33,952   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 39,852 36,902   2,950
25 Contributions, gifts, grants paid....... 287,650 287,650
26 Total expenses and disbursements. Add lines 24 and 25 ................ 327,502 36,902   290,600
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 132,549
b Net investment income (if negative, enter -0-) 197,576
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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............. 163,345 163,663 163,663
2 Savings and temporary cash investments.........      
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
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)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 474,922 Click to see attachment
List of Attached Documents:
// Content
475,882 		476,107
b Investments—corporate stock (attach schedule)....... 3,330,453 Click to see attachment
List of Attached Documents:
// Content
3,337,043 		5,139,579
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 676,351 Click to see attachment
List of Attached Documents:
// Content
681,748 		714,996
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,645,071 4,658,336 6,494,345
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 ) Click to see attachment
List of Attached Documents:
// Content
25,827 		Click to see attachment
List of Attached Documents:
// Content
26,221
23 Total liabilities (add lines 17 through 22)......... 25,827 26,221
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
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
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 4,619,244 4,632,115
29 Total net assets or fund balances (see instructions)..... 4,619,244 4,632,115
30 Total liabilities and net assets/fund balances (see instructions). 4,645,071 4,658,336
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
4,619,244
2
Enter amount from Part I, line 27a .....................
2
132,549
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
1,782
4
Add lines 1, 2, and 3 ..........................
4
4,753,575
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
121,460
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
4,632,115
Form 990-PF (2025)
Form 990-PF (2025)
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 RJ 2658 P 2025-07-01 2025-12-31
b RJ 6406 P 2025-07-01 2025-12-31
c RJ 7637 P 2025-07-01 2025-12-31
d RJ 9158 P 2025-07-01 2025-12-31
e RJ K995 P 2025-07-01 2025-12-31
RJ L675 P 2025-07-01 2025-12-31
RJ W112 P 2025-07-01 2025-12-31
RJ Y127 P 2025-07-01 2025-12-31
RJ Y511 P 2025-07-01 2025-12-31
RJ 6406 P 2024-07-01 2025-12-31
RJ 7637 P 2024-07-01 2025-12-31
RJ 9158 P 2024-07-01 2025-12-31
RJ F015 P 2024-07-01 2025-12-31
RJ K995 P 2024-07-01 2025-12-31
RJ L675 P 2024-07-01 2025-12-31
RJ M553 P 2024-07-01 2025-12-31
RJ W112 P 2024-07-01 2025-12-31
RJ Y127 P 2024-07-01 2025-12-31
RJ Y511 P 2024-07-01 2025-12-31
RJ F015 P 2024-07-01 2025-12-31
RJ F015 P 2024-07-01 2025-12-31
RJ W112 P 2024-07-01 2025-12-31
RJ W112 P 2024-07-01 2025-12-31
(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 11,282     11,282
b 3,211   3,117 94
c     57,545 -57,545
d 20,384   18,746 1,638
e 1,852   1,764 88
105,536   101,387 4,149
2,949   2,332 617
    13,131 -13,131
22,508   22,268 240
13,271   14,289 -1,018
59,704   39,709 19,995
102,234   87,562 14,672
3,459   1,229 2,230
76,131   85,170 -9,039
209,927   189,081 20,846
10,882   14,778 -3,896
75,540   42,730 32,810
32,738   10,521 22,217
192,437   202,948 -10,511
23,284   9,898 13,386
252     252
4,913   2,096 2,817
441     441
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       11,282
b       94
c       -57,545
d       1,638
e       88
      4,149
      617
      -13,131
      240
      -1,018
      19,995
      14,672
      2,230
      -9,039
      20,846
      -3,896
      32,810
      22,217
      -10,511
      13,386
      252
      2,817
      441
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 52,634
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  
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 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) 1 2,746
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 2,746
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 2,746
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 3,400
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,400
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....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 654
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax654 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
IN
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 2025 or the taxable year beginning in 2025? 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
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 addressN/A
14
The books are in care ofCAROLYN J PALMER Telephone no. (317) 590-0159

Located at2410 LONDONBERRY BLVDCARMELIN ZIP+446032
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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
Organizations relying on a current notice regarding disaster assistance check .........
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................... 0
Form 990-PF (2025)
Form 990-PF (2025)
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.............right arrow0
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.........................0
Form 990-PF (2025)
Form 990-PF (2025)
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
5,961,132
b
Average of monthly cash balances.......................
1b
146,469
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
6,107,601
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
6,107,601
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
91,614
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,015,987
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
300,799
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
300,799
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
2,746
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,746
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
298,053
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
298,053
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
298,053
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, line 26, column (d) ..........
1a
290,600
b
Program-related investments—total from Part VIII-B..................
1b
0
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
290,600
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 298,053
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 198,614
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 290,600
a Applied to 2024, but not more than line 2a 198,614
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 2025 distributable amount..... 91,986
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		206,067
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 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
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) 590-0159
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 (2025)
Form 990-PF (2025)
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

100 BLACK MEN OF INDIANAPOLIS

1500 E MICHIGAN STREET 8
INDIANAPOLIS,IN46201 		NO RELATION   GENERAL FUND 1,000

APPRENTICE UNIVERSITY FOUNDATION INC (VERITCAL IMMERSIVE)

34 W WOODSAGE CT
WESTFIELD,IN46074 		NO RELATION   GENERAL FUND 2,500

BEN'S RANCH FOUNDATION INC

PO BOX 3952
CARMEL,IN46082 		NO RELATION   GENERAL FUND 1,000

BETHEL CHURCH

BETHEL CHURCH
NOBLESVILLE,IN46060 		NO RELATION   GENERAL FUND 9,000

BRIGHT HOPE INTERNATIONAL

33 W HIGGINS RD 620
SOUTH BARRINGTON,IL60010 		NO RELATION   GENERAL FUND 10,000

CAMPTOWN

7998 GEORGETOWN ROAD
INDIANAPOLIS,IN46268 		NO RELATION   GENERAL FUND 5,000

CIRCLE CITY PREPARATORY INC

4002 N FRANKLIN RD
INDIANAPOLIS,IN46226 		NO RELATION   GENERAL FUND 1,000

CMF INTERNATIONAL

PO BOX 501020
INDIANAPOLIS,IN46250 		NO RELATION   GENERAL FUND 6,000

CONSERVATION LAW CENTER

116 SOUTH INDIANA
BLOOMINGTON,IN47408 		NO RELATION   GENERAL FUND 750

DOWN BUT NOT OUT

1145 EAST WASHINGTON STREET
INDIANAPOLIS,IN46202 		NO RELATION   GENERAL FUND 1,000

EDIFY

8825 AERO DRIVE
SAN DIEGO,CA92123 		NO RELATION   GENERAL FUND 4,000

ELEVATE INDIANAPOLIS

PO BOX 441456
INDIANAPOLIS,IN46201 		NO RELATION   GENERAL FUND 5,000

FAITHTECH

3035 SE 16TH ST
NORTH BEND,WA98045 		NO RELATION   GENERAL FUND 3,000

FCA CENTRAL INDIANA

8701 LEEDS ROAD
KANSAS CITY,MO64129 		NO RELATION   GENERAL FUND 500

GLOBAL FAITH & WORK MOVEMENT

PO BOX 1853
MOUNTAIN VIEW,CA94042 		NO RELATION   GENERAL FUND 5,000

GOODWILL FOUNDATION OF CENTRAL & SOUTHERN INDIANA

1635 W MICHIGAN ST
INDIANAPOLIS,IN46222 		NO RELATION   GENERAL FUND 6,500

GRIT AND GRACE PROJECT INC

PO BOX 247
ESTERO,FL33929 		NO RELATION   GENERAL FUND 5,000

HARRISON CENTER

1505 N DELAWARE STREET
INDIANAPOLIS,IN46202 		NO RELATION   GENERAL FUND 1,500

HEART CHANGE MINISTRIES

1405 N TUXEDO STREET
INDIANAPOLIS,IN46201 		NO RELATION   GENERAL FUND 10,000

HOPE INTERNATIONAL

227 GRANITE RUN DRIVE
LANCASTER,PA17601 		NO RELATION   GENERAL FUND 6,000

INDIANAPOLIS THEOLOGICAL SEMINARY

8601 HAGUE ROAD
INDIANAPOLIS,IN46256 		NO RELATION   GENERAL FUND 500

JAMES WHITCOMB RILEY MEMORIAL ASSOCIATION DBA RILEY CHILDREN'S ENDOWMENT

500 N MERIDIAN ST STE 100
INDIANAPOLIS,IN46204 		NO RELATION   GENERAL FUND 5,000

JANUS DEVELOPMENTAL SERVICES

1555 WESTFIELD ROAD
NOBLESVILLE,IN46062 		NO RELATION   GENERAL FUND 3,000

JUSTICE VENTURES INTERNATIONAL

14500 NEW HAMPSHIRE AVENUE
SILVER SPRING,MD20904 		NO RELATION   GENERAL FUND 6,000

KANAKUK MINISTRIES

1353 LAKE SHORE DRIVE
BRANSON,MO65616 		NO RELATION   GENERAL FUND 3,000

KIDS ALIVE INTERNATIONAL INC

PO BOX 528
ALPHARETTA,GA300090528 		NO RELATION   GENERAL FUND 5,000

KIPP INDY

1740 E 30TH STREET
INDIANAPOLIS,IN46218 		NO RELATION   GENERAL FUND 6,000

LIFESONG FOR ORPHANS

PO BOX 9
GRIDLEY,IL61744 		NO RELATION   GENERAL FUND 500

LITTLE RED DOOR CANCER AGENCY

1801 N MERIDAN STREET
INDIANAPOLIS,IN46202 		NO RELATION   GENERAL FUND 1,000

LOVE JUSTICE INTERNATIONAL

PO BOX 67195
LINCOLN,NE68506 		NO RELATION   GENERAL FUND 2,000

LUMITY

1132 S WABASH AVE STE 504
CHICAGO,IL60605 		NO RELATION   GENERAL FUND 5,000

MARIAN UNIVERSITY

3200 COLD SPRING ROAD
INDIANAPOLIS,IN46222 		NO RELATION   GENERAL FUND 1,000

MIDWEST FOOD BANK

6450 S BELMONT ST
INDIANAPOLIS,IN46033 		NO RELATION   GENERAL FUNDGENERAL FUND 2,500

MISSION TO UKRAINE

PO BOX 1214
NOBLESVILLE,IN46062 		NO RELATION   GENERAL FUND 1,000

NATIONAL CHRISITAN FOUNDATION

70 EAST 91ST STREET
INDIANAPOLIS,IN46240 		NO RELATION   GENERAL FUND 10,000

OPPORTUNITY INTERNATIONAL

550 W VAN BUREN ST
CHICAGO,IL60607 		NO RELATION   GENERAL FUND 7,500

ORBIS MINISTRIES INC

5865 RIDGEWAY CENTER PARKWAY SUITE
389
MEMPHIS,TN38120 		NO RELATION   GENERAL FUND 3,000

P30 INC

3049 N POST ROAD
INDIANAPOLIS,IN46226 		NO RELATION   GENERAL FUND 2,500

PLANT WITH PURPOSE

4747 MORENA BLVD STE 100
SAN DIEGO,CA92117 		NO RELATION   GENERAL FUND 6,000

PROVIDENCE CRISTO REY HIGH SCHOOL

75 N BELLEVIEW PL
INDIANAPOLIS,IN46222 		NO RELATION   GENERAL FUND 750

PURDUE RESEARCH FOUNDATION

1281 WIN HENTSCHEL BLVD
WEST LAFAYETTE,IN47906 		NO RELATION   GENERAL FUND 1,000

PURPOSEFUL-DESIGN

1710 JENKINS AVE
INDIANAPOLIS,IN46218 		NO RELATION   GENERAL FUND 5,500

RALLY FOUNDATION INC

5775 GLENRIDGE DRIVE BLDG B 370
ATLANTA,GA30328 		NO RELATION   GENERAL FUND 1,000

REDEEM INTERNATIONAL

PO BOX 2991
MERRIFELD,VA22116 		NO RELATION   GENERAL FUND 5,000

SAGAMORE INSTITUTE

6151 CENTRAL AVE
INDIANAPOLIS,IN46220 		NO RELATION   GENERAL FUND 5,500

SAMARITAN'S PURSE

PO BOX 3000
BOONE,NC28607 		NO RELATION   GENERAL FUND 3,000

SECOND HELPINGS INC

1121 SOUTHEASTERN AVE
INDIANAPOLIS,IN46202 		NO RELATION   GENERAL FUND 2,000

SECOND PRESBYTERIAN CHURCH

7700 NORTH MERIDIAN STREET
INDIANAPOLIS,IN46260 		NO RELATION   GENERAL FUND 4,000

SINAPIS

PO BOX 5414
WHEATON,IL60189 		NO RELATION   GENERAL FUND 1,500

SOUTHERN STAIRS

6833 S DAYTON ST STE 2090
GREENWOOD VILLAGE,CO80112 		NO RELATION   GENERAL FUND 50,000

ST VINCENT HOSPITAL FOUNDATION INC

C/O TAX DEPARTMENT PO BOX 45998
ST LOUIS,MO631455998 		NO RELATION   GENERAL FUND 3,000

ST MARY'S EPISCOPAL SCHOOL

60 PERKINS EXTENDED
MEMPHIS,TN38117 		NO RELATION   GENERAL FUND 4,000

SYCAMORE SCHOOL

1750 W 64TH ST
INDIANAPOLIS,IN46260 		NO RELATION   GENERAL FUND 500

THE ADVANCEMENT CENTER FOR WASHINGTON TWSP SCHOOLS AND NORTH CENTRAL ALUMNI

8550 WOODFIELD CROSSING BLVD
INDIANAPOLIS,IN46240 		NO RELATION   GENERAL FUND 9,000

THE BRAVE COLLECTIVE INC

266 DELANEY PINE DR
WALESKA,GA30183 		NO RELATION   GENERAL FUND 3,000

THE REFUGE COMMUNITY OUTREACH LLC

5637 W LIBERTY STREET
HUBBARD,OH44425 		NO RELATION   GENERAL FUND 5,000

TOM ELLSWORTH MINISTRIES

3918 BRECKENMORE DR
BLOOMINGTON,IN47401 		NO RELATION   GENERAL FUND 2,000

TRADER'S POINT CHRISTIAN CHURCH

6590 S INDIANAPOLIS RD
WHITESTOWN,IN46075 		NO RELATION   GENERAL FUND 2,000

UR CHICAGO ALLIANCE

7252 NORTH ROGERS AVENUE UNIT 2
CHICAGO,IL60645 		NO RELATION   GENERAL FUND 5,000

WHEELER MISSION

205 E NEW YORK STREET
INDIANAPOLIS,IN46204 		NO RELATION   GENERAL FUND 5,500

XAVIER UNIVERSITY

3800 VICTORY PARKWAY
CINCINNATI,OH452074531 		NO RELATION   GENERAL FUND 150

YMCA OF GREATER INDIANAPOLIS

615 N ALABAMA ST STE 200
INDIANAPOLIS,IN46204 		NO RELATION   GENERAL FUND 1,000

YOUNG LIFE

PO BOX 70065
PRESCOTT,AZ86304 		NO RELATION   GENERAL FUND 9,000

YOUTH WITH A MISSION

1101 BAY BLVD SUITE C
CHULA VISTA,CA91911 		NO RELATION   GENERAL FUND 5,000
Total ................................. 3a 287,650
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
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 20,111  
4 Dividends and interest from securities ....     14 161,733  
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 52,634  
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) .. 0 234,478 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
234,478
(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 (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
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
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
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
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $  
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025) Page 2
Name of organization
THE PALMER FAMILY FOUNDATION
  		Employer identification number
35-6691822
Part I
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 L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 147,147


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 4,838


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 701


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 3,591


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 4,182


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 8,159


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
THE PALMER FAMILY FOUNDATION
  		Employer identification number
35-6691822
Part I
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
7
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 4,630


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 3,960


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 7,488


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
10
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 5,100


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
11
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 3,307


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
12
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 3,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
THE PALMER FAMILY FOUNDATION
  		Employer identification number
35-6691822
Part I
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
13
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 5,754


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
14
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 2,943


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
15
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 4,165


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
16
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 6,616


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
17
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 3,805


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
18
DONALD L PALMER AND CAROLYN J PALME
2410 LONDONBERRY BLVD
 
CARMEL, IN46032

$ 6,186


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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
 865 SHARES OF ISHARES CORE S&P U.S. GROWTH ETF $ 147,147 2025-12-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 30 SHARES OF ALLEGION PUBLIC LIMITED COMPANY $ 4,838 2025-12-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 7 SHARES OF BRIGHT HORIZONS FAMILY SOLUTIONS, INC. $ 701 2025-12-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
4
 38 SHARES OF BJ'S WHOLESALE CLUB HOLDINGS, INC. $ 3,591 2025-12-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
5
 19 SHARES OF EQUIFAX INC. $ 4,182 2025-12-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
6
 124 SHARES OF INTERACTIVE BROKERS GROUP, INC. CLASS A $ 8,159 2025-12-24
Schedule B (Form 990) (Rev. 1-2025)
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
7
 25 SHARES OF JACK HENRY & ASSOCIATES, INC. $ 4,630 2025-12-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
8
 8 SHARES OF LENNOX INTERNATIONAL INC. $ 3,960 2025-12-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
9
 20 SHARES OF LPL FINANCIAL HOLDINGS INC. $ 7,488 2025-12-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
10
 21 SHARES OF NORDSON CORPORATION $ 5,100 2025-12-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
11
 30 SHARES OF OLLIE'S BARGAIN OUTLET HOLDINGS INC $ 3,307 2025-12-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
12
 13 SHARES OF POOL CORPORATION $ 3,000 2025-12-24
Schedule B (Form 990) (Rev. 1-2025)
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
13
 95 SHARES OF ROLLINS, INC. $ 5,754 2025-12-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
14
 9 SHARES OF SAIA, INC. $ 2,943 2025-12-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
15
 8 SHARES OF TELEDYNE TECHNOLOGIES INCORPORATED $ 4,165 2025-12-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
16
 94 SHARES OF W. R. BERKLEY CORPORATION $ 6,616 2025-12-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
17
 11 SHARES OF WATSCO, INC. $ 3,805 2025-12-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
18
 129 SHARES OF ZURN ELKAY WATER SOLUTIONS CORPORATION $ 6,186 2025-12-24
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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.) $  
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) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2025 AccountingFeesSchedule
Name:
THE PALMER FAMILY FOUNDATION
EIN:
35-6691822
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTANT FEES 5,900 2,950   2,950

TY 2025 InvestmentsCorpStockSchedule
Name:
THE PALMER FAMILY FOUNDATION
EIN:
35-6691822
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBVIE 3,867 10,739
ABBVIE INCORPORATED 22,617 32,217
ALLSTATE CORPORATION 11,447 21,439
ALLSTATE CORPORATION 3,779 7,077
AMEREN CORPORATION 19,544 21,769
AMEREN CORPORATION 3,417 7,190
AMGEN INCORPORATED 10,070 14,074
AMGEN INCORPORATED 33,799 42,550
BEST BUY INCORPORATED 20,731 21,016
BEST BUY INCORPORATED 6,893 6,961
BRISTOL-MYERS SQUIBB COMPANY 20,738 21,468
BRISTOL-MYERS SQUIBB COMPANY 7,068 7,498
CHEVRON CORPORATION NEW 10,874 10,974
CHEVRON CORPORATION NEW 32,807 32,921
CISCO SYSTEMS INCORPORATED 21,792 32,199
CISCO SYSTEMS INCORPORATED 5,756 10,707
CITIGROUP INCORPORATED 3,679 10,269
CITIGROUP INCORPORATED COM NEW 13,764 31,040
COCA COLA COMPANY 29,127 32,578
COCA COLA COMPANY 8,619 10,976
COMCAST CORPORATION NEW CLASS A 26,841 21,879
COMCAST CORPORATION NEW CLASS A 8,318 7,293
CROWN CASTLE INCORPORATED REIT 11,367 10,931
CROWN CASTLE INCORPORATED REIT 34,330 32,882
CVS HEALTH CORPORATION 34,185 32,696
CVS HEALTH CORPORATION 8,876 10,952
DOUBLELINE LOW DURATION BOND FUND CL I N/L 480,392 487,905
DOUBLELINE LOW DURATION BOND FUND CL I N/L 109,337 106,636
DUKE ENERGY CORPORATIONNEW COM NEW 19,273 21,684
DUKE ENERGY CORPORATIONNEW COM NEW 4,809 7,150
EATON VANCE SHORT DURATION GOVT INC FD CL I N/L 253,383 248,860
EATON VANCE SHORT DURATION GOVT INC FD CL I N/L 58,429 53,916
ENTERGY CORPORATION NEW 6,273 10,814
ENTERGY CORPORATION NEW 2,157 3,605
EXELON CORPORATION 21,500 21,751
EXELON CORPORATION 5,489 7,236
FIRSTENERGY CORPORATION 20,338 21,669
FIRSTENERGY CORPORATION 5,546 7,342
GENERAL MLS INCORPORATED 25,925 21,530
HERSHEY COMPANY 20,701 21,474
HERSHEY COMPANY 6,949 7,097
ISHARES GOLD TR ISHARES NEW 91,859 219,565
ISHARES GOLD TR ISHARES NEW 45,456 111,122
ISHARES TR CORE S&P US GWT 176,013 478,797
ISHARES TR CORE S&P US GWT 76,061 218,322
ISHARES TR SELECT DIVID ETF 6,049 10,727
JOHNSON & JOHNSON 26,189 32,698
JOHNSON & JOHNSON 7,788 10,761
JPMORGAN CHASE & COMPANY 14,178 31,890
JPMORGAN CHASE & COMPANY 1,827 10,633
LAMAR ADVERTISING COMPANY NEW CLASS A REIT 1,728 3,544
LOCKHEED MARTIN CORPORATION 21,172 21,281
LOCKHEED MARTIN CORPORATION 2,017 6,771
LYONDELLBASELL INDUSTRIES N V SHS 16,475 10,998
LYONDELLBASELL INDUSTRIES N V SHS 4,190 3,637
MEDTRONIC PLC SHS 19,660 21,421
MEDTRONIC PLC SHS 6,377 7,108
MERCK & COMPANY INCORPORATED 19,293 21,473
MERCK & COMPANY INCORPORATED 6,776 7,158
MORGAN STANLEY COM NEW 12,174 21,481
MORGAN STANLEY COM NEW 3,342 6,924
NEXTERA ENERGY INCORPORATED 19,941 21,836
NEXTERA ENERGY INCORPORATED 3,606 7,305
OLD REP INTERNATIONAL CORPORATION 20,522 31,948
OLD REP INTERNATIONAL CORPORATION 6,405 10,680
OMNICOM GROUP INCORPORATED 24,103 21,964
OMNICOM GROUP INCORPORATED 6,122 7,348
PHILIP MORRIS INTERNATIONAL INCORPORATED 31,806 42,827
PHILIP MORRIS INTERNATIONAL INCORPORATED 9,597 14,115
PHILLIPS 66 26,768 32,518
PHILLIPS 66 7,616 10,839
PIMCO MORTGAGE OPPORTUNITIES AND BOND FUND CL I2 N/L 101,540 90,022
PIMCO MORTGAGE OPPORTUNITIES AND BOND FUND CL I2 N/L 421,710 414,323
SEMPRA 19,441 21,896
SEMPRA 4,230 7,151
SPDR S&P 500 ETF 359,252 1,131,987
SPDR S&P 500 ETF 83,529 272,768
SPDR UTILITIES SELECT SECTOR FUND 12,155 19,894
STARBUCKS CORPORATION 6,748 7,242
STARBUCKS CORPORATION 20,211 21,810
UNITED PARCEL SERVICE INCORPORATED CLASS B 7,163 7,042
UNITED PARCEL SERVICE INCORPORATED CLASS B 21,691 21,326
VERIZON COMMUNICATIONS INCORPORATED 21,804 22,076
VERIZON COMMUNICATIONS INCORPORATED 8,004 7,331
TEXAS INSTRS INCORPORATED 3,091 3,470
EOG RES CORPORATION NEW 4,085 3,675
PEPSICO INCORPORATED 6,588 7,176
US BANCORP DEL COM NEW 3,280 3,522
UNITEDHEALTH GROUP INCORPORATED 2,956 3,631
TEXAS INSTRS INCORPORATED 9,366 10,583
EOG RES CORPORATION NEW 12,267 10,921
PEPSICO INCORPORATED 19,742 21,672
US BANCORP DEL COM NEW 9,701 10,512
UNITEDHEALTH GROUP INCORPORATED 8,573 10,894

TY 2025 InvestmentsGovtObligationsSch
Name:
THE PALMER FAMILY FOUNDATION
EIN:
35-6691822
US Government Securities - End of Year Book Value:

475,882
US Government Securities - End of Year Fair Market Value:

476,107
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2025 InvestmentsOtherSchedule2
Name:
THE PALMER FAMILY FOUNDATION
EIN:
35-6691822
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GENERAL MLS INCORPORATED AT COST 8,512 7,161
ISHARES TR 0-3 MNTH TREASRY AT COST 53,980 53,904
ISHARES TR 0-3 MNTH TREASRY AT COST 249,208 248,942
ISHARES TR SELECT DIVID ETF AT COST 22,110 32,180
JANUS HENDERSON MORTGAGE-BACKED SECURITIES ETF AT COST 50,470 53,777
JANUS HENDERSON MORTGAGE-BACKED SECURITIES ETF AT COST 237,462 248,508
LAMAR ADVERTISING COMPANY NEW CLASS A REIT AT COST 9,703 10,886
SPDR UTILITIES SELECT SECTOR FUND AT COST 50,303 59,638

TY 2025 OtherDecreasesSchedule
Name:
THE PALMER FAMILY FOUNDATION
EIN:
35-6691822
Description Amount
COST BASIS ADJUSTMENT 121,460


TY 2025 OtherIncreasesSchedule
Name:
THE PALMER FAMILY FOUNDATION
EIN:
35-6691822
Description Amount
NON-DIVIDEND DISTRIBUTIONS 1,782


TY 2025 OtherLiabilitiesSchedule
Name:
THE PALMER FAMILY FOUNDATION
EIN:
35-6691822
Description Beginning of Year - Book Value End of Year - Book Value
CALL SPDR S&P 0500 ETF JAN X2658 3,700 0
CALL SPDR S&P 0500 ETF JAN X7637 17,906 20,977
CALL SPDR S&P 0500 ETF JAN XY127 4,221 5,244


TY 2025 OtherProfessionalFeesSchedule
Name:
THE PALMER FAMILY FOUNDATION
EIN:
35-6691822
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVISOR FEES 33,952 33,952   0