Give out to OAP from Palo Alto (5)
I believe the answer is:
allot
'give' is the definition.
(allotting is a kind of giving)
'out to oap from palo alto' is the wordplay.
'out to' is an anagram indicator.
'from' suggests deleting specific letters.
'palo'+'alto'='paloalto'
'paloalto' with 'oap' taken away is 'lalto'.
'lalto' is an anagram of 'ALLOT'.
(Other definitions for allot that I've seen before include "Earmark" , "budget" , "Parcel out, assign" , "appropriate" , "Give, apportion" .)