Mission
CHARITABLE FUNDRAISING SERVICES FOR WORTHWHILE COMMUNITY ACTIVITIES BY ROUNDING UP ELECTRIC BILLS TO AN EVEN DOLLAR AMOUNT, WITH DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PALMETTO ELECTRIC COOPERATIVE, INC.
Public Charity
PALMETTO ELECTRIC TRUST
PALMETTO ELECTRIC TRUST is a Public Charity headquartered in RIDGELAND, SC. Financial data from the 2024 filing: $461K revenue, $520K expenses, $611K total assets. IRS filings disclose 109 grants awarded by this foundation, totaling roughly $1.8M.
EIN: 570931978
RIDGELAND, SC
Latest filing: 2024
Total Revenue$461K
Total Expenses$520K
Total Assets$611K
Grants Given109
Grant Total$1.8M
Filing Years2019–2024
Where $100 goes at Palmetto Electric Trust
How Palmetto Electric Trust divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$98
Palmetto Electric Trust was formed to provide financial assistance funds for charitable purposes in the service area of palmetto electric cooperative, inc
$2
Palmetto Electric Trust was formed to provide financial assistance funds for charitable purposes in the service area of palmetto electric cooperative, inc
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Before you apply to Palmetto Electric Trust
Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.
Sample Grants Given
$75,000
BRIGHT IDEAS
$38,775
$30,000
$25,000
$24,500
Showing up to 5 of 109 total records — full history available with membership.
Officers & Directors
DIRECTOR
Annie Goodman
DIRECTOR
Chip Mikell
SECRETARY/TR
Cindy Swailes
DIRECTOR
Edra Stephens
CHAIRMAN
Ernie Avant
DIRECTOR
Jannie Barnes
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $461K | $520K | $611K |
| 2023 | $421K | $406K | $670K |
| 2022 | $439K | $388K | $655K |
| 2020 | $500K | $553K | $453K |
| 2019 | $413K | $355K | $506K |
Between 2019 and 2024, reported annual revenue grew from $413K to $461K (+12%), with total assets most recently reported at $611K.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in GA, SC, TX.
GASCTX
Full geographic grant map with state-by-state breakdown available with membership.