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        <BusinessNameLine1>THE PALMER FAMILY FOUNDATION</BusinessNameLine1>
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        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
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          <USAddress>
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            <City>INDIANAPOLIS</City>
            <State>IN</State>
            <ZIPCode>46240</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
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        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>M ELAINE PALMER</PersonName>
          <USAddress>
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            <State>IN</State>
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          <Title>DIRECTOR</Title>
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          <PersonName>DONALD L PALMER</PersonName>
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        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>CAROLYN J PALMER</PersonName>
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            <AddressLine1>33 TWINSHORE COURT</AddressLine1>
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        <Description1>NONE</Description1>
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        <PriorYear2>2007</PriorYear2>
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          <FormAndInfoAndMaterials>NO SPECIAL FORM</FormAndInfoAndMaterials>
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            <State>IN</State>
            <ZIPCode>460601425</ZIPCode>
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          <RecipientRelationship>None</RecipientRelationship>
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          <Amount>7000</Amount>
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        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Purdue Foundation</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1281 WIN HENTSCHEL BLVD</AddressLine1>
            <City>WEST LAFAYETTE</City>
            <State>IN</State>
            <ZIPCode>479060000</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
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        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Community Caring and Sharing</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2830 S Holt Rd</AddressLine1>
            <City>Indianapolis</City>
            <State>IN</State>
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          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
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        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Crossroads Bible Church</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>601 N Shortridge Rd</AddressLine1>
            <City>Indianapolis</City>
            <State>IN</State>
            <ZIPCode>46219</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
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        <GrantOrContriPaidDuringYear>
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            <BusinessNameLine1>Workforce Inc</BusinessNameLine1>
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            <AddressLine1>754 N Sherman Dr</AddressLine1>
            <City>Indianapolis</City>
            <State>IN</State>
            <ZIPCode>46201</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>170(b)(1)(A)(vi)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Support</PurposeOfGrantOrContribution>
          <Amount>400</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Armonia US Inc</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>200 S Orange Ave Ste 2600</AddressLine1>
            <City>Orange</City>
            <State>FL</State>
            <ZIPCode>32801</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>170(b)(1)(A)(vi)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Support</PurposeOfGrantOrContribution>
          <Amount>11000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Indiana Christian Foundation</BusinessNameLine1>
          </RecipientBusinessName>
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            <AddressLine1>8445 Keystone Crossing Blvd Ste 200</AddressLine1>
            <City>Indianapolis</City>
            <State>IN</State>
            <ZIPCode>46240</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>Private Foundation</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Support</PurposeOfGrantOrContribution>
          <Amount>913</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Indiana Youth Institute</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>603 East Washington StSte 800</AddressLine1>
            <City>Indianapolis</City>
            <State>IN</State>
            <ZIPCode>46204</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>170(b)(1)(A)(vi)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Support</PurposeOfGrantOrContribution>
          <Amount>1500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Oaks Academy</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2301 N Park Ave</AddressLine1>
            <City>Indianapolis</City>
            <State>IN</State>
            <ZIPCode>46205</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>170(b)(1)(A)(ii)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Zach Fisher Memorial Science Room</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Wycliffe Bible Translators</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO Box 628200</AddressLine1>
            <City>Orlando</City>
            <State>FL</State>
            <ZIPCode>328628200</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>170(b)(1)(A)(i)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Joshua Harber</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Marian University</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3200 Cold Spring Road</AddressLine1>
            <City>Indianapolis</City>
            <State>IN</State>
            <ZIPCode>462221997</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>170(b)(1)(A)(ii)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Orissa Persecution Benevolence</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Empart USA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>6225 Atascadero Ave</AddressLine1>
            <City>Atascadero</City>
            <State>CA</State>
            <ZIPCode>93422</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>170(b)(1)(A)(vi)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Support</PurposeOfGrantOrContribution>
          <Amount>6250</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Empart USA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>6225 Atascadero Ave</AddressLine1>
            <City>Atascadero</City>
            <State>CA</State>
            <ZIPCode>93422</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>170(b)(1)(A)(vi)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Technology matching grant</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>90783</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <FeesContractsFromGovtAgencies />
        <MembershipDuesAndAssessments />
        <IntOnSavingsAndTempCashInvst />
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>10348</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <NetRentalIncmReDebtFincdProp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncmPersonalProperty />
        <OtherInvestmentIncomePartVII />
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>45625</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <NetIncomeLossFromSpecialEvents />
        <GrossProfitLossSalesOfInvntry />
        <SubtotalsPartXVIA>
          <ExclusionAmount>55973</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>55973</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>PALMER DODGE</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>4343 WEST 38TH STREET</AddressLine1>
          <City>INDIANAPOLIS</City>
          <State>IN</State>
          <ZIPCode>46254</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>10000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
    </IRS990ScheduleB>
    <AllOthProgRltdInvestmentsSch documentId="AllOthProgInvSch">
      <AllOthProgRltdInvestments>
        <Description>NONE</Description>
      </AllOthProgRltdInvestments>
    </AllOthProgRltdInvestmentsSch>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorpStock>
        <NameOfStock>DAIMLER CHRYSLER</NameOfStock>
        <EOYBookValue>2286</EOYBookValue>
        <EOYFMV>183276</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>COLUMBIA VALUE AND</NameOfStock>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>RESTRUCTURING</NameOfStock>
        <EOYBookValue>21523</EOYBookValue>
        <EOYFMV>30549</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>FIDELITY DIVERSIFIED INTL</NameOfStock>
        <EOYBookValue>66323</EOYBookValue>
        <EOYFMV>93069</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>VANGUARD INDEX TRUST S&amp;P 500</NameOfStock>
        <EOYBookValue>16428</EOYBookValue>
        <EOYFMV>18074</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>ARTISAN SML CAP VALUE</NameOfStock>
        <EOYBookValue>16183</EOYBookValue>
        <EOYFMV>21304</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>AMERICAN FUNDS GROWTH FUND</NameOfStock>
        <EOYBookValue>54997</EOYBookValue>
        <EOYFMV>75072</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>DODGE &amp; COX STOCK</NameOfStock>
        <EOYBookValue>52365</EOYBookValue>
        <EOYFMV>57276</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>FIDELITY SPARTAN US EQUITY</NameOfStock>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>ADV CLS</NameOfStock>
        <EOYBookValue>75115</EOYBookValue>
        <EOYFMV>74381</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>FIDELITY SPARTAN 500 INDEX FND</NameOfStock>
        <EOYBookValue>24486</EOYBookValue>
        <EOYFMV>26108</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>HARDING LOEVNER EMERGING MKTS</NameOfStock>
        <EOYBookValue>11700</EOYBookValue>
        <EOYFMV>24696</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>TRENDSTAR SMALL CAP FUND</NameOfStock>
        <EOYBookValue>12575</EOYBookValue>
        <EOYFMV>10988</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>BARON SMALL CAP FUND</NameOfStock>
        <EOYBookValue>16207</EOYBookValue>
        <EOYFMV>18206</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>PIMCO TOTAL RETURN FUND</NameOfStock>
        <EOYBookValue>29404</EOYBookValue>
        <EOYFMV>29829</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>PIMCO COMMODITY REAL RETURN</NameOfStock>
        <EOYBookValue>46000</EOYBookValue>
        <EOYFMV>27394</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>VIRTUS REAL ESTATE SECURITIES</NameOfStock>
        <EOYBookValue>16816</EOYBookValue>
        <EOYFMV>28644</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="LandEtcSch2" />
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpenses>
        <Description>BANK FEES</Description>
        <RevenueAndExpensesPerBooks>3910</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>3910</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INDIANA GRANTMAKERS ALLIANCE</Description>
        <RevenueAndExpensesPerBooks>325</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>325</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <Taxes>
        <Category>FOREIGN TAXES PAID</Category>
      </Taxes>
      <Taxes>
        <Category>2007 EXCISE TAXES</Category>
      </Taxes>
      <Taxes>
        <Category>2009 ESTIMATED TAXES</Category>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>