The Palumbo Family Foundation, founded by Sebastian (Sam) and Mary Palumbo and their children, is focused on providing boys and girls the opportunity to thrive through education and wellness grants. It aims to make a difference in the lives of lower-income students and medically challenged children in the Chicagoland area by offering scholarships and medical grants. The foundation operates as a 501(c)(3) nonprofit with a fully volunteer administration, dedicating 100% of net proceeds to their causes.
The Palumbo Family Foundation grants aim at supporting two main sectors within the Chicagoland community: education and medical wellness. Specifically, it provides scholarships to support deserving students from lower-income families to pursue further education and offers medical grants to organizations assisting local medically challenged children. The foundation emphasizes the value of community suggestions for local charities to consider for future support, reflecting a commitment to responsive and inclusive grantmaking practices.