//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Parekh Family Foundation Inc. is a private corporation based in MONTVALE, NJ. The foundation received its IRS ruling in 2018. The principal officer is Aaron Parekh. It holds total assets of $748K. Annual income is reported at $346K. Total assets have decreased from $1.1M in 2019 to $748K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. The foundation primarily funds organizations in Florida, New Jersey and Kentucky. According to available records, Parekh Family Foundation Inc. has made 18 grants totaling $166K, with a median grant of $8K. Annual giving has grown from $47K in 2020 to $69K in 2023. Individual grants have ranged from $1K to $50K, with an average award of $9K. The foundation has supported 13 unique organizations. The foundation primarily supports organizations in Florida, New Jersey, Alabama, which account for 94% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$3K
Average Grant
$6K
Largest Grant
$25K
Based on 8 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Parekh Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 18 grants. Its grantmaking reaches organizations primarily in FL, NJ, AL.
Parekh Family Foundation Inc. has distributed a total of $166K across 18 grants. The median grant size is $8K, with an average of $9K. Individual grants have ranged from $1K to $50K.
Parekh Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Parekh Family Foundation Inc. is headquartered in MONTVALE, NJ. While based in NJ, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mehandra Parekh | PRESIDENT | $0 | $0 | N/A |
| Aaron Parekh | SECRETARY & TREASURER | $0 | $0 | N/A |
Total Giving
$91K
Total Assets
$748K
Fair Market Value
$999K
Net Worth
$748K
Grants Paid
$69K
Contributions
N/A
Net Investment Income
$10K
Distribution Amount
$48K
Total Grants
18
Total Giving
$166K
Average Grant
$9K
Median Grant
$8K
Unique Recipients
13
Most Common Grant
$8K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Share & Care Foundation IncGENERAL PURPOSE GRANT | Birmingham, AL | $8K | 2020 |
| Hackensack University Medical FoundationGENERAL OPERATING SUPPORT | Edison, NJ | $50K | 2023 |
| Artis - NaplesGENERAL OPERATING SUPPORT | Naples, FL | $10K | 2023 |
| Nch Center For PhilanthropyGENERAL OPERATING SUPPORT | Naples, FL | $8K | 2023 |
| Wyckoff Family YmcaGENERAL OPERATING SUPPORT | Wyckoff, NJ | $2K | 2023 |
| Gulfshore PlayhouseGENERAL OPERATING SUPPORT | Naples, FL | $10K | 2022 |
| Share And Care FoundationGENERAL OPERATING SUPPORT | Rochelle Park, NJ | $8K | 2022 |
| Weill Cornell MedicineGENERAL OPERATING SUPPORT | New York, NY | $5K | 2022 |
| Ramapo CollegeGENERAL OPERATING SUPPORT | Mahwah, NJ | $3K | 2022 |
| Planned Parenthood Of Sw FloridaGENERAL OPERATING SUPPORT | Sarasota, FL | $1K | 2022 |
| Gulfshore Playhouse IncGeneral purpose grant | Naples, FL | $30K | 2020 |
| Ramapo College FoundationGeneral purpose grant | Mahwah, NJ | $1K | 2020 |
| Naples United Church Of ChristGENERAL PURPOSE GRANT | Naples, FL | $1K | 2020 |