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Parent Petroleum Foundation is a private corporation based in WARRENVILLE, IL. The foundation received its IRS ruling in 2019. The principal officer is % Peter M Spina. It holds total assets of $10K. Annual income is reported at $308K. PARENT PETROLEUM FOUNDATION SPONSORS AN ANNUAL GOLF OUTING TO RAISE MONEY FOR VARIOUS CHARITIES THAT THE FOUNDATION SUPPORTS. REVENUE RAISED WAS 313,083 CHARITY GRANTS: BIG HEARTS OF FOX VALLEY NFP 1,000 CASA KANE COUNTY 75,000 CHICAGO BLACKHAWKS FOUNDATION 75,000 FRIENDS OF THE FOLDS OF HONOR 75,000 LIVINGWELL CANCER RESOURCE CENTER 75,000 MUSCULAR DYSTROPHY ASSOCIATION INC 5,000. According to available records, Parent Petroleum Foundation has made 14 grants totaling $879K, with a median grant of $75K. The foundation has distributed between $270K and $306K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $306K distributed across 6 grants. Individual grants have ranged from $1K to $78K, with an average award of $63K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.
PARENT PETROLEUM FOUNDATION SPONSORS AN ANNUAL GOLF OUTING TO RAISE MONEY FOR VARIOUS CHARITIES THAT THE FOUNDATION SUPPORTS. REVENUE RAISED WAS 284,532 CHARITY GRANTS: LIVINGWELL CANCER RESOURCE CENTER 75,000 CASA KANE COUNTY 75,000 FRIENDS OF THE FOLDS OF HONOR 75,000 CHICAGO BLACKHAWKS FOUNDATION 45,000
Expenses: $6K
PARENT PETROLEUM FOUNDATION SPONSORS AN ANNUAL GOLF OUTING TO RAISE MONEY FOR VARIOUS CHARITIES THAT THE FOUNDATION SUPPORTS. REVENUE RAISED WAS 313,083 CHARITY GRANTS: BIG HEARTS OF FOX VALLEY NFP 1,000 CASA KANE COUNTY 75,000 CHICAGO BLACKHAWKS FOUNDATION 75,000 FRIENDS OF THE FOLDS OF HONOR 75,000 LIVINGWELL CANCER RESOURCE CENTER 75,000 MUSCULAR DYSTROPHY ASSOCIATION INC 5,000. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in IL.
Parent Petroleum Foundation has distributed a total of $879K across 14 grants. The median grant size is $75K, with an average of $63K. Individual grants have ranged from $1K to $78K.
Parent Petroleum Foundation typically selects its grantees rather than accepting unsolicited proposals.
Parent Petroleum Foundation is headquartered in WARRENVILLE, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peter M Spina | PRESIDENT | $0 | $0 | $0 |
| Ryan Fuelling | SECRETARY | $0 | $0 | $0 |
| William E Boylan | DIRECTOR | $0 | $0 | $0 |
Total Giving
$304K
Total Assets
$23K
Fair Market Value
$23K
Net Worth
$23K
Grants Paid
$303K
Contributions
$0
Net Investment Income
$0
Distribution Amount
$3K
Total Grants
14
Total Giving
$879K
Average Grant
$63K
Median Grant
$75K
Unique Recipients
6
Most Common Grant
$75K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Casa Kane CountyGENERAL OPERATIONS | Geneva, IL | $78K | 2023 |
| Chicago Blackhawks FoundationGENERAL OPERATIONS | Chicago, IL | $75K | 2023 |
| Friends Of The Folds Of Honor FoundGENERAL OPERATIONS | Inverness, IL | $75K | 2023 |
| Livingwell Cancer Resource CenterGENERAL OPERATIONS | Geneva, IL | $75K | 2023 |
| Muscular Dystrophy Association IncGENERAL OPERATIONS | Chicago, IL | $5K | 2022 |
AMHERST, NY
BEDFORD HILLS, NY
MILFORD, MA
PALM BEACH, FL
| Big Hearts Of Fox Valley NfpGENERAL OPERATIONS | Saint Charles, IL | $1K | 2022 |
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