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Parachute Foundation is a private trust based in BERGENFIELD, NJ. The foundation received its IRS ruling in 2012. The principal officer is Leonard Rauner. It holds total assets of $1K. Annual income is reported at N/A. Total assets have decreased from $55K in 2010 to $3K in 2023. The foundation is governed by 2 officers and trustees. Provide support to other 501(c)3 exempt organizations raising money for charitable purposes & objectives and helping furthering their causes. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. According to available records, Parachute Foundation has made 5 grants totaling $5K, with a median grant of $500. Annual giving has grown from $350 in 2020 to $4K in 2023. Individual grants have ranged from $100 to $2K, with an average award of $905.2. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in New Jersey and New York. Contributions to this foundation are tax-deductible.
Provide support to other 501(c)3 exempt organizations raising money for charitable purposes & objectives and helping furthering their causes.
Expenses: $4K
Provide support to other 501(c)3 exempt organizations raising money for charitable purposes & objectives and helping furthering their causes. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NJ, NY.
Parachute Foundation has distributed a total of $5K across 5 grants. The median grant size is $500, with an average of $905.2. Individual grants have ranged from $100 to $2K.
Parachute Foundation typically selects its grantees rather than accepting unsolicited proposals.
Parachute Foundation is headquartered in BERGENFIELD, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Leonard Rauner | DIRECTOR | $0 | $0 | N/A |
| Trena Rauner | DIRECTOR | $0 | $0 | N/A |
Total Giving
$9K
Total Assets
$3K
Fair Market Value
$3K
Net Worth
$3K
Grants Paid
$4K
Contributions
$7K
Net Investment Income
N/A
Distribution Amount
$324
Total Grants
5
Total Giving
$5K
Average Grant
$905.2
Median Grant
$500
Unique Recipients
5
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Various Misc CharitiesSOCIAL OR EDUCATIONAL | Tenafly, NJ | $2K | 2023 |
| The Metropolitan MuseumSOCIAL OR EDUCATIONAL | New York, NY | $2K | 2023 |
| Memorial Sloan KetteringMEDICAL | New York, NY | $500 | 2023 |
| Emunah Of AmericaSOCIAL ASSISTANCE | New York, NY | $100 | 2022 |
| Various Other CharitiesSPECIAL FUNDS | Englewood, NJ | $350 | 2020 |